| Thu 30 Apr 2020, 17:19 | | RSCI - Availability of the AFS of the Issuer and the Guarantors and the Impact of Edcon Limited’s Voluntary Business |
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RSCI - Availability of the AFS of the Issuer and the Guarantors and the Impact of Edcon Limited’s Voluntary Business:
RSCI - Availability of the AFS of the Issuer and the Guarantors and the Impact of Edcon Limited’s Voluntary Business
BNP Paribas Personal Finance South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2000/017884/06)
Company code: RCSI
LEI: 213800Z5MFEBP2RX8L32
(“BNPP PF South Africa” or the “Issuer”)
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND THE GUARANTORS AND THE
IMPACT OF EDCON LIMITED’S VOLUNTARY BUSINESS RESCUE
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER AND THE GUARANTORS
Noteholders are advised that the annual financial statements (the “financial statements”) of the Issuer for the
year ended 31 December 2019 and the financial statements of the Guarantors to the Domestic Medium Term
Note Programme (the “Programme”), for the year ended 31 December 2019, are available for inspection at the
Issuer’s registered office.
The financial statements of the Issuer have also been made available on their website at
https://www.rcs.co.za/about-rcs/investor-relations.
The financial statements for BNP Paribas (“BNP”), a guarantor to the Programme, have also been made
available at the following website: https://invest.bnpparibas.com/en/consolidated-financial-statements
Noteholders are also advised that the audit reports on the financial statements of the Issuer and the
guarantors are unqualified.
Furthermore, BNP has the following restatements to the previously published audited annual financial
statements for the year ended 31 December 2018:
In order to be comparable with the annual financial statement for the year ended 31 December 2019, the
segment information for the year ended 31 December 2018 has been restated to give effect to the following,
as if it has occurred on the 1st of January 2018:
1. Following the sale in 2018 of 43.6% of First Hawaiian Bank (FHB), the entity was no longer fully
consolidated as from 1st August 2018 and was accounted according to the IFRS 5 standard as assets
held for sale. It had been booked under the Corporate Centre from 1st October 2018. The
the remaining stake has been entirely sold on 25th January 2019. FHB’s contribution to group results
has been retroactively reallocated to the Corporate Centre from 1st January 2018, including the
capital gain from the sale of FHB shares which was initially allocated to BancWest, and
2. The internal transfer of Correspondent Banking activities has been made within CIB from Corporate
Banking to Securities Services to reflect the organisational change.
IMPACT OF EDCON LIMITED’S VOLUNTARY BUSINESS RESCUE
Noteholder are further advised that the impact of Edcon Limited’s voluntarily application for business rescue
has been made available on the Issuer’s website at https://www.rcs.co.za/about-rcs/investor-relations.
30 April 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. It has a presence in
71 countries, with 198,816 employees.
The BNP Paribas group, through its wholly owned subsidiary BNP Paribas Personal Finance, acquired 100% of
BNP Paribas Personal Finance South Africa Limited (formerly, RCS Investment Holdings Limited) in August 2014.
BNP Paribas PF South Africa is a consumer finance business predominantly based in South Africa, with 20 years
in the industry.
Date: 30-04-2020 05:20:00
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