| Tue 26 Nov 2024, 10:26 | | ABHL ABKI - Release of the full year Basel III Pillar 3 Report As At 30 September 2024 |
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ABHL ABKI - Release of the full year Basel III Pillar 3 Report As At 30 September 2024
AFRICAN BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2014/176855/06)
LEI: 254900UUEMIK0XL5A056
Company code: ABLI
("ABHL")
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
("African Bank" or the "Bank")
RELEASE OF THE FULL YEAR BASEL III PILLAR 3 REPORT AS AT 30 SEPTEMBER 2024, ASPRESCRIBED BY THE BANKS ACT
African Bank is pleased to announce the release of the quarterly Basel III Pillar 3 report, asat 30 September
2024, ("Pillar 3 Report"), as prescribed in terms of Regulation 43 of the Banks Act (Act No. 94 of 1990)
(the "Banks Act").
The Pillar 3 Report covers African Bank and its holding company, African Bank Holdings Limited, a registered
bank controlling company registered under Section 44(1) of the Banks Act.
The full version of the Pillar 3 Report can be accessed on the Bank's website via the following url:
https://www.africanbank.co.za/ under Regulatory Announcements – Basel Pillar III Announcements within the
Investors section of the website.
In line with the Excelerate25 Group strategy, the balance sheet of African Bank and the African Bank Holding
Limited now reflects a diversifying and scaling operation, with advances appropriately provided for, a strong
capital adequacy position and adequate cash resources. Liquidity and interest rate risks are managed within the
Group's approved risk appetite framework.
The key prudential ratios as at 30 September 2024 for both, ABHL and African Bank, operate well above minimum
required regulatory levels.
26 November 2024
Debt sponsor
The Standard Bank of South Africa Limited
Date: 26-11-2024 10:26:00
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