AFRICAN BANK LIMITED - ABKI ABLI - Release of the Half Year Basel III Pillar 3 Report as at 31 March 2024, as Prescribed by The Banks Act

ABKI ABLI - Release of the Half Year Basel III Pillar 3 Report as at 31 March 2024, as Prescribed by The Banks Act

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 HALF YEAR BASEL III PILLAR 3 REPORT AS AT 31 MARCH 2024, AS
PRESCRIBED BY THE BANKS ACT

African Bank is pleased to announce the release of the half year Basel III Pillar 3 report, as
at 31 March 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 Group's Excelerate25 strategy, the Statement of Financial Position of
African Bank and the African Bank Holding Limited now reflects a diversifying and scaling
operation, with advances appropriately provided for, strong capital adequacy and
adequate cash resources of R7.9 billion at the group level. Liquidity, interest rate and
foreign exchange risks are managed within our approved risk appetite framework.

The key prudential ratios as at 31 March 2024 for both, the Bank and ABHL, operate well
above minimum required regulatory levels in respect of all prudential ratios. These have
been detailed in the report.

30 May 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 30-05-2024 07:45:00
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