BancABC reported its annual financial results for 2009. While total income increased 10% to BWP 392 million, operating expenses also rose significantly due to investments in retail banking. As a result, earnings per share fell 33% to 40.4 thebe. The balance sheet grew 11% to BWP 4.4 billion as customer deposits increased 19% to BWP 3.4 billion. Looking ahead, BancABC aims to continue growing its retail banking business across the region while controlling costs and managing credit quality as regional economic recovery remains fragile.
BancABC reported strong financial results for the 2010 full year. Key highlights included:
- Total income increased 39% to BWP547 million, with all banking operations profitable for the first time.
- Operating profit increased 320% to BWP111 million, with the cost to income ratio down and operating expenses up 19%.
- Impairment charges on loans and advances were reduced 69% to BWP16 million.
- The balance sheet grew 36% to BWP6.0 billion in assets, with loans and advances up 54% and customer deposits up 46%.
- ABC Holdings reported financial results for the year ended 31 December 2008. Attributable profits decreased 30% to BWP86 million due to challenging economic conditions.
- Total assets grew 35% to BWP3.97 billion, driven by an 80% increase in loans and advances to BWP2.2 billion. Deposits also increased 40% to BWP2.8 billion.
- Net interest income grew 72% and now covers 78% of costs, up from 67% previously. However, the cost to income ratio increased to 59% from stronger costs related to retail banking expansion.
Net asset value per share and profits increased. Profits were dragged down by a high impairment charge and an IFC convertible loan. Total assets, loans and advances, and deposits all increased significantly. Non-performing loans decreased slightly but credit loss ratios increased. The bank expanded its retail operations and customer base substantially.
BancABC reported strong financial results for the first half of 2011. Total income increased 24% to BWP311 million, operating profit rose 48% to BWP67 million, and attributable profit to shareholders grew 33% to BWP37 million. The results were driven by higher net interest income and non-interest income. However, impairments also rose due to loan growth and downgrading of security in Tanzania. On a segmental basis, BancABC Tanzania and Zimbabwe saw the largest increases in attributable profits at 69% and 421% respectively.
ABC Holdings Limited reported audited group results for the year ended 31 December 2012 on 26 March 2013. The highlights included attributable profits increasing 60% to BWP132.8 million and the dividend per share decreasing 9% to BWP0.16. Total assets increased 46% to BWP13.4 billion and total equity increased 89% to BWP1.1 billion. Operational highlights showed retail branches increasing from 49 to 61 and retail customer numbers increasing 131% to 235,070.
The document summarizes the financial performance of African Banking Corporation for the first half of 2008. Key points include:
- Profit increased 50% to BWP82.6 million due to strong growth across subsidiaries.
- Assets grew 24% to BWP3.338 billion as loans increased 49% and deposits rose 26%.
- Net interest income increased 68% and the cost to income ratio improved to 46%, down from 51% previously.
- All subsidiaries were profitable except Botswana which faced impairments, while Zimbabwe, Mozambique, and Tanzania posted strong results.
BancABC reported strong financial results for 2013 with attributable profits increasing 49% and return on equity of 15.3%. Total assets grew 18% to BWP15.784 billion while loans and advances and deposits increased 15% and 14% respectively. The presentation reviewed the group and country highlights including growth in staff numbers, branches, customers and loans while controlling costs. Challenges included liquidity issues in some markets and higher impairment charges in Mozambique and Tanzania.
BancABC Consolidated financial statements for the year ended 31 DECEMBER 2015wgjlubbe
- The document is the consolidated financial statements of ABC Holdings Limited for the year ended 31 December 2015.
- It shows the company had a profit after tax of $0.5 million, an improvement from a loss of $58.5 million in 2014. Total assets were $1.81 billion.
- Key ratios showed improvements, with the return on average equity becoming positive and the non-performing loan ratio declining slightly.
BancABC reported strong financial results for the 2010 full year. Key highlights included:
- Total income increased 39% to BWP547 million, with all banking operations profitable for the first time.
- Operating profit increased 320% to BWP111 million, with the cost to income ratio down and operating expenses up 19%.
- Impairment charges on loans and advances were reduced 69% to BWP16 million.
- The balance sheet grew 36% to BWP6.0 billion in assets, with loans and advances up 54% and customer deposits up 46%.
- ABC Holdings reported financial results for the year ended 31 December 2008. Attributable profits decreased 30% to BWP86 million due to challenging economic conditions.
- Total assets grew 35% to BWP3.97 billion, driven by an 80% increase in loans and advances to BWP2.2 billion. Deposits also increased 40% to BWP2.8 billion.
- Net interest income grew 72% and now covers 78% of costs, up from 67% previously. However, the cost to income ratio increased to 59% from stronger costs related to retail banking expansion.
Net asset value per share and profits increased. Profits were dragged down by a high impairment charge and an IFC convertible loan. Total assets, loans and advances, and deposits all increased significantly. Non-performing loans decreased slightly but credit loss ratios increased. The bank expanded its retail operations and customer base substantially.
BancABC reported strong financial results for the first half of 2011. Total income increased 24% to BWP311 million, operating profit rose 48% to BWP67 million, and attributable profit to shareholders grew 33% to BWP37 million. The results were driven by higher net interest income and non-interest income. However, impairments also rose due to loan growth and downgrading of security in Tanzania. On a segmental basis, BancABC Tanzania and Zimbabwe saw the largest increases in attributable profits at 69% and 421% respectively.
ABC Holdings Limited reported audited group results for the year ended 31 December 2012 on 26 March 2013. The highlights included attributable profits increasing 60% to BWP132.8 million and the dividend per share decreasing 9% to BWP0.16. Total assets increased 46% to BWP13.4 billion and total equity increased 89% to BWP1.1 billion. Operational highlights showed retail branches increasing from 49 to 61 and retail customer numbers increasing 131% to 235,070.
The document summarizes the financial performance of African Banking Corporation for the first half of 2008. Key points include:
- Profit increased 50% to BWP82.6 million due to strong growth across subsidiaries.
- Assets grew 24% to BWP3.338 billion as loans increased 49% and deposits rose 26%.
- Net interest income increased 68% and the cost to income ratio improved to 46%, down from 51% previously.
- All subsidiaries were profitable except Botswana which faced impairments, while Zimbabwe, Mozambique, and Tanzania posted strong results.
BancABC reported strong financial results for 2013 with attributable profits increasing 49% and return on equity of 15.3%. Total assets grew 18% to BWP15.784 billion while loans and advances and deposits increased 15% and 14% respectively. The presentation reviewed the group and country highlights including growth in staff numbers, branches, customers and loans while controlling costs. Challenges included liquidity issues in some markets and higher impairment charges in Mozambique and Tanzania.
BancABC Consolidated financial statements for the year ended 31 DECEMBER 2015wgjlubbe
- The document is the consolidated financial statements of ABC Holdings Limited for the year ended 31 December 2015.
- It shows the company had a profit after tax of $0.5 million, an improvement from a loss of $58.5 million in 2014. Total assets were $1.81 billion.
- Key ratios showed improvements, with the return on average equity becoming positive and the non-performing loan ratio declining slightly.
ABC Holdings Limited posted strong financial results for the first six months of 2013, with attributable profits up 157% compared to the same period last year. Total revenue increased 67% due to growth in net interest and non-interest income, driven by the group's diversification into retail banking. However, credit losses more than tripled due to impairment charges. The group's return on equity improved to 22%, up from 18% last year, demonstrating solid earnings growth. Overall, the interim results show that the group's strategy of expanding retail operations is bearing fruit despite challenges such as tight liquidity conditions.
This document summarizes the interim financial results of BancABC for the first half of 2010. Some key highlights include:
- Total income was up 29% to BWP251 million, driven by an 87% increase in net interest income. However, attributable profit decreased 22% to BWP28 million due to associate losses and taxes.
- Impairments were down 59% and the cost to income ratio improved to 77% from 82% previously.
- Total assets grew 25% to BWP5.1 billion, with deposits up 41% and loans and advances up 8%.
- Six new retail banking branches were opened across various countries, and eight more are planned by year-end to
BancABC reported strong financial results for the first half of 2012. Key highlights included a 49% increase in attributable profits, 41% increase in total assets, and 95% growth in loans and advances. The group's performance was driven by increased business volumes across all lines, particularly in consumer lending. Looking ahead, BancABC aims to continue expanding consumer lending and rolling out new digital banking services to sustain its momentum.
BancABC reported strong financial results for 2013 with attributable profits increasing 49% and return on equity of 15.3%. Operationally, the group saw growth in number of employees, customers, branches and ATMs. Each country market saw increases in loans and deposits with the exception of Tanzania where loans declined. Botswana and Zimbabwe performed well while Mozambique and Tanzania face challenges around impairments and expenses. The outlook focuses on growing revenues, expanding branch networks, increasing deposits and managing asset quality.
The document summarizes the unaudited interim group results of ABC Holdings Limited for the six months ended 30 June 2009. Key points include:
- Total income increased 9% to BWP 235 million, though profit declined 50% to BWP 36.5 million due to losses in Zambia and declining property values in Zimbabwe.
- Impairments increased significantly to BWP 41 million from BWP 13 million last year. Zambia contributed BWP 22 million of impairments, resulting in a loss.
- Costs rose 57% to BWP 169 million mainly due to dollarization in Zimbabwe and investment in retail banking expansion.
- Retail banking operations were established across territories and are expected to break
The Group reported a loss of $1.37 million for 2016, compared to a profit of $0.54 million in 2015. The balance sheet grew 13% to $2 billion, driven by a 33% increase in cash and short-term funds. Net interest income increased to $104.1 million but non-interest income was flat. Loan impairment charges increased due to lower recoveries, but asset quality is improving. Operating expenses increased due to one-off acquisition costs, but the Group is focused on cost reductions in 2017. The outlook remains challenging due to economic conditions, but the Group will focus on revenue initiatives including digital projects.
The document is ABC Holdings Limited's 2011 annual report. It provides an overview of ABC Holdings, which is the parent company of a number of banks operating in sub-Saharan Africa. Key highlights from 2011 include total income increasing 21% to BWP659 million, attributable profit to shareholders increasing 24% to BWP83 million, and total assets increasing 53% to BWP9.2 billion. The report also summarizes economic conditions in ABC Holdings' markets in 2011, which generally saw continued growth despite challenges from the global economic slowdown.
ABC Holdings Limited reported its unaudited interim group results for the six months ended 30 June 2010. Operating profit increased 80% to BWP45 million due to growth in net interest income and lower impairments. However, attributable profit to shareholders declined 21% to BWP29 million due to a tax credit in the prior period that did not recur. Total income grew 29% to BWP251 million driven by a larger balance sheet and improved margins. All subsidiaries were profitable with BancABC Zimbabwe posting the largest profit increase of 246%.
BancABC reported interim results up to June 2009, with the following key highlights:
- Attributable profits increased 50% to BWP 36.5 million, though EPS declined due to a rights issue.
- Total income grew 9% to BWP 235 million, driven by strong foreign exchange trading income. However, costs rose significantly due to retail expansion.
- Mozambique and Botswana operations performed strongly, while impairments increased substantially in Tanzania and Zambia.
- The group grew total assets by 22% to BWP 4.08 billion on the back of a 26% increase in deposits and 38% growth in loans.
The document provides an interim financial report for ABC Holdings for the six months ended 30 June 2011. Some key highlights include:
- Pre-tax profits increased 84% to BWP63 million compared to the prior year.
- Attributable profits to shareholders increased 33% to BWP37 million.
- The balance sheet surpassed BWP7.4 billion (US$1.1 billion) for the first time.
- Most subsidiaries reported strong growth in revenues, loans, and deposits.
- ABC Holdings is the parent company of banks operating under the BancABC brand in Sub-Saharan Africa, with operations in 5 countries.
- For the first time, all of the Group's operating banking subsidiaries were profitable. Operating profit increased over 4 times from the prior year to BWP111 million.
- The balance sheet grew 36% to BWP6 billion as loans and advances increased 54% and customer deposits grew 46%. Basic earnings per share improved 15% and return on equity was 16%.
- ABC Holdings produced good results for the year ended 31 December 2008 considering the global financial turmoil, with attributable profits to shareholders of BWP85.8 million, a 16% decrease from the prior year.
- The balance sheet grew by 35% to BWP3.97 billion, with loans increasing 80% to BWP2.2 billion and deposits up 40% to BWP2.8 billion. However, return on equity declined to 22% from 33% the prior year.
- Earnings per share decreased to 60.3 Thebe due to lower earnings and an increase in shares. Net asset value per share increased to BWP3.07 from BWP2.37 the prior year.
ABC Holdings Limited is the parent company of banks operating in Sub-Saharan Africa, including Botswana, Mozambique, Tanzania, Zambia and Zimbabwe. The Group saw total income increase 26% to BWP1.374 billion for the year ended 31 December 2013 due to continued expansion into retail and SME banking. However, impairments on loans also increased substantially by 137% to BWP328 million. As a result, attributable profit increased 49% to BWP198 million. Key banking subsidiaries like BancABC Botswana and BancABC Zimbabwe saw double-digit growth in attributable profits, while BancABC Mozambique and BancABC Tanzania struggled with higher impairments.
ABC Holdings Limited reported strong financial results for the year ended 31 December 2012. Total income increased 65% to BWP1.087 billion, driven by growth across all business lines. Attributable profit to shareholders grew 60% to BWP133 million. The group saw significant increases in deposits (+45%), loans and advances (+50%), and total assets (+46%). While impairments on loans and operating expenses also rose, the cost to income ratio decreased, demonstrating improved efficiencies. Overall, ABC Holdings achieved strong growth and improved profitability in 2012.
The document is the annual report of ABC Holdings Limited for the year 2014. It summarizes the company's financial performance, which was mixed across its markets in Africa. Key highlights included a 16% increase in deposits but a 9% decrease in net interest income. Impairment charges doubled and losses increased, largely due to higher impairments and lower margins. The acquisition of ABC Holdings by Atlas Mara was also noted as an important event that year and will provide a foundation for future growth.
- The group posted pleasing financial results for 2005 with improvements across key performance indicators, despite adverse conditions in some markets.
- Total group assets increased to $1.9 billion in 2005 from $1.8 billion in 2004. Return on average shareholders' funds was 30% and net asset value per share was 31.7 thebe.
- The document provides an overview of the group's financial highlights and performance for 2005, as well as comments on the global, Botswana and Mozambique economic environments that year.
The Chairman notes that ABC Holdings performed well in 2010, reflecting the improved economic environment across its markets following the global financial crisis recovery. All of the Group's banking operations reported profits for the first time. Retail banking is now offered and expected to contribute positively to income going forward. Overall, economic growth in Sub-Saharan Africa was revised upwards to 5% in 2010 and is projected to accelerate to 5.5% in 2011, though risks remain from commodity prices and political instability. The performance reflects the Group's decision to curtail lending during the recession, which reduced credit impairments.
BancABC Holdings Limited reported strong financial results for the six months ended 30 June 2012. Total income increased 53% and pre-tax profit increased 53%. Attributable profit to shareholders was up 49% to BWP56 million. Total assets grew 18% to BWP10.8 billion. All subsidiaries except BancABC Tanzania reported improved results. The number of retail branches increased from 35 to 55 and retail customer numbers grew 144% to 155,763.
ABC Holdings Limited reported their audited group results for the year ended 31 December 2012. The presentation included highlights such as attributable profits increasing 60% and the dividend per share decreasing 9%. There was also a strong underlying group performance with improving capital base, successful rights issue raising BWP364 million, and growth across balance sheet items. The presentation also reviewed the global and African economic environment with most regions expected to see continued growth in 2013 despite some risks.
United Bank for Africa reported strong financial results for the first half of 2015, with double-digit growth in gross earnings and net profits driven by lower funding costs, strong non-interest income, and improved cost efficiency. The bank's return on average equity of 22.3% exceeded expectations and the prior year level. While loan growth was moderate, interest income increased 18% year-over-year due to strong loan growth. Operating expenses rose 14% year-over-year but the bank reduced its cost-to-income ratio. The analyst maintained a "Buy" rating and target price of N7.20 per share based on anticipated continued strong returns.
The document presented the annual financial results and outlook for BancABC Group for 2013. Key highlights included attributable profits increasing 49% year-over-year to BWP198 million. Operational metrics like loans and deposits also grew across most markets. The economic environment in major markets like Botswana, Mozambique, Zambia and Zimbabwe was discussed, noting GDP growth but also challenges around liquidity and currency volatility.
ABC Holdings Limited is the parent company of BancABC, a banking group operating in several countries in Sub-Saharan Africa. BancABC has operations in Botswana, Mozambique, Tanzania, Zambia, Zimbabwe, and a group services office in South Africa. Their vision is to be Africa's preferred banking partner by offering world class financial solutions and building profitable customer relationships. The group offers various banking services including corporate banking, treasury services, retail banking, SME banking, asset management, and stock broking. ABC Holdings Limited is registered in Botswana and primarily listed on the Botswana Stock Exchange, with a secondary listing on the Zimbabwe Stock Exchange.
ABC Holdings Limited posted strong financial results for the first six months of 2013, with attributable profits up 157% compared to the same period last year. Total revenue increased 67% due to growth in net interest and non-interest income, driven by the group's diversification into retail banking. However, credit losses more than tripled due to impairment charges. The group's return on equity improved to 22%, up from 18% last year, demonstrating solid earnings growth. Overall, the interim results show that the group's strategy of expanding retail operations is bearing fruit despite challenges such as tight liquidity conditions.
This document summarizes the interim financial results of BancABC for the first half of 2010. Some key highlights include:
- Total income was up 29% to BWP251 million, driven by an 87% increase in net interest income. However, attributable profit decreased 22% to BWP28 million due to associate losses and taxes.
- Impairments were down 59% and the cost to income ratio improved to 77% from 82% previously.
- Total assets grew 25% to BWP5.1 billion, with deposits up 41% and loans and advances up 8%.
- Six new retail banking branches were opened across various countries, and eight more are planned by year-end to
BancABC reported strong financial results for the first half of 2012. Key highlights included a 49% increase in attributable profits, 41% increase in total assets, and 95% growth in loans and advances. The group's performance was driven by increased business volumes across all lines, particularly in consumer lending. Looking ahead, BancABC aims to continue expanding consumer lending and rolling out new digital banking services to sustain its momentum.
BancABC reported strong financial results for 2013 with attributable profits increasing 49% and return on equity of 15.3%. Operationally, the group saw growth in number of employees, customers, branches and ATMs. Each country market saw increases in loans and deposits with the exception of Tanzania where loans declined. Botswana and Zimbabwe performed well while Mozambique and Tanzania face challenges around impairments and expenses. The outlook focuses on growing revenues, expanding branch networks, increasing deposits and managing asset quality.
The document summarizes the unaudited interim group results of ABC Holdings Limited for the six months ended 30 June 2009. Key points include:
- Total income increased 9% to BWP 235 million, though profit declined 50% to BWP 36.5 million due to losses in Zambia and declining property values in Zimbabwe.
- Impairments increased significantly to BWP 41 million from BWP 13 million last year. Zambia contributed BWP 22 million of impairments, resulting in a loss.
- Costs rose 57% to BWP 169 million mainly due to dollarization in Zimbabwe and investment in retail banking expansion.
- Retail banking operations were established across territories and are expected to break
The Group reported a loss of $1.37 million for 2016, compared to a profit of $0.54 million in 2015. The balance sheet grew 13% to $2 billion, driven by a 33% increase in cash and short-term funds. Net interest income increased to $104.1 million but non-interest income was flat. Loan impairment charges increased due to lower recoveries, but asset quality is improving. Operating expenses increased due to one-off acquisition costs, but the Group is focused on cost reductions in 2017. The outlook remains challenging due to economic conditions, but the Group will focus on revenue initiatives including digital projects.
The document is ABC Holdings Limited's 2011 annual report. It provides an overview of ABC Holdings, which is the parent company of a number of banks operating in sub-Saharan Africa. Key highlights from 2011 include total income increasing 21% to BWP659 million, attributable profit to shareholders increasing 24% to BWP83 million, and total assets increasing 53% to BWP9.2 billion. The report also summarizes economic conditions in ABC Holdings' markets in 2011, which generally saw continued growth despite challenges from the global economic slowdown.
ABC Holdings Limited reported its unaudited interim group results for the six months ended 30 June 2010. Operating profit increased 80% to BWP45 million due to growth in net interest income and lower impairments. However, attributable profit to shareholders declined 21% to BWP29 million due to a tax credit in the prior period that did not recur. Total income grew 29% to BWP251 million driven by a larger balance sheet and improved margins. All subsidiaries were profitable with BancABC Zimbabwe posting the largest profit increase of 246%.
BancABC reported interim results up to June 2009, with the following key highlights:
- Attributable profits increased 50% to BWP 36.5 million, though EPS declined due to a rights issue.
- Total income grew 9% to BWP 235 million, driven by strong foreign exchange trading income. However, costs rose significantly due to retail expansion.
- Mozambique and Botswana operations performed strongly, while impairments increased substantially in Tanzania and Zambia.
- The group grew total assets by 22% to BWP 4.08 billion on the back of a 26% increase in deposits and 38% growth in loans.
The document provides an interim financial report for ABC Holdings for the six months ended 30 June 2011. Some key highlights include:
- Pre-tax profits increased 84% to BWP63 million compared to the prior year.
- Attributable profits to shareholders increased 33% to BWP37 million.
- The balance sheet surpassed BWP7.4 billion (US$1.1 billion) for the first time.
- Most subsidiaries reported strong growth in revenues, loans, and deposits.
- ABC Holdings is the parent company of banks operating under the BancABC brand in Sub-Saharan Africa, with operations in 5 countries.
- For the first time, all of the Group's operating banking subsidiaries were profitable. Operating profit increased over 4 times from the prior year to BWP111 million.
- The balance sheet grew 36% to BWP6 billion as loans and advances increased 54% and customer deposits grew 46%. Basic earnings per share improved 15% and return on equity was 16%.
- ABC Holdings produced good results for the year ended 31 December 2008 considering the global financial turmoil, with attributable profits to shareholders of BWP85.8 million, a 16% decrease from the prior year.
- The balance sheet grew by 35% to BWP3.97 billion, with loans increasing 80% to BWP2.2 billion and deposits up 40% to BWP2.8 billion. However, return on equity declined to 22% from 33% the prior year.
- Earnings per share decreased to 60.3 Thebe due to lower earnings and an increase in shares. Net asset value per share increased to BWP3.07 from BWP2.37 the prior year.
ABC Holdings Limited is the parent company of banks operating in Sub-Saharan Africa, including Botswana, Mozambique, Tanzania, Zambia and Zimbabwe. The Group saw total income increase 26% to BWP1.374 billion for the year ended 31 December 2013 due to continued expansion into retail and SME banking. However, impairments on loans also increased substantially by 137% to BWP328 million. As a result, attributable profit increased 49% to BWP198 million. Key banking subsidiaries like BancABC Botswana and BancABC Zimbabwe saw double-digit growth in attributable profits, while BancABC Mozambique and BancABC Tanzania struggled with higher impairments.
ABC Holdings Limited reported strong financial results for the year ended 31 December 2012. Total income increased 65% to BWP1.087 billion, driven by growth across all business lines. Attributable profit to shareholders grew 60% to BWP133 million. The group saw significant increases in deposits (+45%), loans and advances (+50%), and total assets (+46%). While impairments on loans and operating expenses also rose, the cost to income ratio decreased, demonstrating improved efficiencies. Overall, ABC Holdings achieved strong growth and improved profitability in 2012.
The document is the annual report of ABC Holdings Limited for the year 2014. It summarizes the company's financial performance, which was mixed across its markets in Africa. Key highlights included a 16% increase in deposits but a 9% decrease in net interest income. Impairment charges doubled and losses increased, largely due to higher impairments and lower margins. The acquisition of ABC Holdings by Atlas Mara was also noted as an important event that year and will provide a foundation for future growth.
- The group posted pleasing financial results for 2005 with improvements across key performance indicators, despite adverse conditions in some markets.
- Total group assets increased to $1.9 billion in 2005 from $1.8 billion in 2004. Return on average shareholders' funds was 30% and net asset value per share was 31.7 thebe.
- The document provides an overview of the group's financial highlights and performance for 2005, as well as comments on the global, Botswana and Mozambique economic environments that year.
The Chairman notes that ABC Holdings performed well in 2010, reflecting the improved economic environment across its markets following the global financial crisis recovery. All of the Group's banking operations reported profits for the first time. Retail banking is now offered and expected to contribute positively to income going forward. Overall, economic growth in Sub-Saharan Africa was revised upwards to 5% in 2010 and is projected to accelerate to 5.5% in 2011, though risks remain from commodity prices and political instability. The performance reflects the Group's decision to curtail lending during the recession, which reduced credit impairments.
BancABC Holdings Limited reported strong financial results for the six months ended 30 June 2012. Total income increased 53% and pre-tax profit increased 53%. Attributable profit to shareholders was up 49% to BWP56 million. Total assets grew 18% to BWP10.8 billion. All subsidiaries except BancABC Tanzania reported improved results. The number of retail branches increased from 35 to 55 and retail customer numbers grew 144% to 155,763.
ABC Holdings Limited reported their audited group results for the year ended 31 December 2012. The presentation included highlights such as attributable profits increasing 60% and the dividend per share decreasing 9%. There was also a strong underlying group performance with improving capital base, successful rights issue raising BWP364 million, and growth across balance sheet items. The presentation also reviewed the global and African economic environment with most regions expected to see continued growth in 2013 despite some risks.
United Bank for Africa reported strong financial results for the first half of 2015, with double-digit growth in gross earnings and net profits driven by lower funding costs, strong non-interest income, and improved cost efficiency. The bank's return on average equity of 22.3% exceeded expectations and the prior year level. While loan growth was moderate, interest income increased 18% year-over-year due to strong loan growth. Operating expenses rose 14% year-over-year but the bank reduced its cost-to-income ratio. The analyst maintained a "Buy" rating and target price of N7.20 per share based on anticipated continued strong returns.
The document presented the annual financial results and outlook for BancABC Group for 2013. Key highlights included attributable profits increasing 49% year-over-year to BWP198 million. Operational metrics like loans and deposits also grew across most markets. The economic environment in major markets like Botswana, Mozambique, Zambia and Zimbabwe was discussed, noting GDP growth but also challenges around liquidity and currency volatility.
ABC Holdings Limited is the parent company of BancABC, a banking group operating in several countries in Sub-Saharan Africa. BancABC has operations in Botswana, Mozambique, Tanzania, Zambia, Zimbabwe, and a group services office in South Africa. Their vision is to be Africa's preferred banking partner by offering world class financial solutions and building profitable customer relationships. The group offers various banking services including corporate banking, treasury services, retail banking, SME banking, asset management, and stock broking. ABC Holdings Limited is registered in Botswana and primarily listed on the Botswana Stock Exchange, with a secondary listing on the Zimbabwe Stock Exchange.
The Group posted satisfactory results for 2013, with significant growth in net interest income and non-interest income across jurisdictions. However, profitability growth was reduced by higher loan impairments compared to previous years. The Board and management are committed to permanently resolving the impairment issue to avoid impacting future performance. Sub-Saharan Africa saw strong economic growth of 5.1% in 2013, led by commodity prices and public infrastructure spending. However, risks remain from the tapering of US monetary stimulus and potential election-related volatility in some countries.
ABC Holdings Limited posted strong financial results for the first half of 2012, with pre-tax profits up 53% compared to the same period last year. Total income increased 53% due to growth in both wholesale and retail banking. However, operating expenses also rose 55% due to expanding operations. Attributable profits to shareholders were up 49% to BWP56 million. The balance sheet grew significantly, with total assets up 18% and loans and advances up 29% over the last six months. All subsidiaries experienced profit growth except for BancABC Tanzania, which reported a loss.
- The document is a review of interim group results for ABC Holdings Limited for the six months ended 30 June 2008.
- Profits increased significantly both on an inflation adjusted and historical cost basis compared to the prior year. Earnings per share and return on equity also increased substantially.
- The balance sheet grew with increases in loans and advances as well as deposits. Investments also contributed to other income.
- An interim dividend of 8 Thebe per share was declared.
ABC Holdings Limited reported strong interim group results for the six months ended 30 June 2013. Total income was up 47% and attributable profit to shareholders increased 157% compared to the prior year. Growth was driven by expansion in retail banking across subsidiaries in Botswana, Zambia, and Zimbabwe. However, impairments on loans increased significantly due to provisions related to three large clients. The group maintained a strong capital position with total assets of BWP13.7 billion and shareholders' funds of BWP1.4 billion.
- ABC Holdings Limited is the parent company of banks operating under the BancABC brand in Sub-Saharan Africa, including Botswana, Mozambique, Tanzania, Zambia, Zimbabwe, and South Africa.
- For the six months ended June 30, 2011, the Group posted strong results with pre-tax profits up 84% and attributable profits up 33%. The balance sheet surpassed $1 billion for the first time.
- Core banking operations increased revenues 62% while costs rose 18% as the Group expanded its retail and SME operations. The cost to income ratio decreased but remained above the Group's target.
ABC Holdings Limited is the parent company of BancABC banks operating in sub-Saharan Africa. For the year ended 31 December 2011, the Group achieved strong results with total income up 21% and attributable profit to shareholders up 24%. The balance sheet increased 53% to BWP9.2 billion as loans and advances doubled and deposits increased 50%. However, BancABC Tanzania faced difficulties from rising interest rates and loan impairments.
Abch analyst presentation 31 dec 2010 v5-final-14_march_2011wgjlubbe
This document summarizes the full year 2010 financial results of BancABC. Key highlights include increased profits, margins, and balance sheet size. The bank saw positive growth in net interest income driven by improved margins and liquidity. Impairments were under control. By country, Botswana and Zimbabwe saw growth while Mozambique was affected by exchange rate volatility. The presentation outlines the bank's strategic focus on expanding retail banking, increasing non-interest income, reducing costs, and investing for continued growth across its operations in southern Africa in 2011.
This document contains a presentation for analysts and investors on Lloyds Banking Group's 2016 half-year results. Some key highlights include:
- Underlying profit of £4.2 billion, down 5% year-on-year, with a cost:income ratio improved to 47.8% and strong asset quality.
- Statutory profit before tax more than doubled to £2.5 billion, with significantly lower conduct charges.
- Ongoing work to simplify the business and reduce costs, now targeting £1.4 billion in annual run-rate savings by end of 2017.
- Credit quality remains strong with low impairment charges and a reduced impaired loan ratio of 2.0%.
- TIM reported results for Q3 2020, showing improving trends in Italy and growth resuming in Brazil. Key performance indicators in Italy are stabilizing as the "Fix the fixed" strategy delivers results in halting customer line losses.
- Organic cash generation remained strong in Q3, with Equity Free Cash Flow increasing 22% year-over-year. Net debt was reduced by €0.4 billion compared to the previous quarter through organic improvement.
- Guidance for 2020-2022 is reiterated, with expectations for low to mid-single digit organic growth in service revenues and EBITDA, and a cumulative €4.5-5 billion in Equity Free Cash Flow over the period.
The document provides a summary of Tegma's 2Q09 and 6M09 financial results. Net revenue increased 11.8% in 2Q09 and 13.3% in 6M09 compared to the same periods in 2008. EBITDAR grew 10.3% in 2Q09 and 20.9% in 6M09. Net income increased 3.6% in 2Q09 and 29.3% in 6M09 year-over-year. The board approved a dividend payment of R$20 million or R$0.30 per share to be paid on August 24th based on the shareholder base as of August 13th.
The company reported financial results for the first quarter of 2010. Net revenue increased 7.3% to R$247 million driven by growth in vehicle sales and logistics services. EBITDA grew 9.6% to R$38.1 million and the EBITDA margin increased slightly to 15.4%. The automotive logistics segment saw a 14.8% increase in net revenue and 15.8% growth in EBITDA. However, the integrated logistics segment experienced declines in net revenue and EBITDA of 20.2% and 12.7%, respectively. Overall, net income increased 19.7% to R$22.6 million.
The document provides a summary of Tegma's 3rd quarter 2009 financial results. Key points include:
- Tegma reported revenue growth of 4.1% and EBITDAR growth of 14% compared to 3Q08.
- The automotive sector saw revenue increase 5.6% and EBITDAR growth of 20% due to higher vehicle transport volumes and distances.
- Other sectors reported revenue growth of 9.4% for the first nine months but a decline in EBITDAR of 14.8% due to lower services revenue.
- Net income was relatively flat increasing 0.8% compared to 3Q08.
- The document discusses the annual report of Diamond Bank PLC for the period ending December 31, 2009.
- It summarizes the challenging global and domestic economic environment in 2009 that negatively impacted the bank's financial performance, resulting in a loss of N12.4 billion compared to a profit of N5.9 billion the previous year.
- It highlights steps taken by the Central Bank of Nigeria in 2009 to reform the banking sector through increased regulations and intervening in distressed banks, which stabilized the system but increased banks' losses due to higher loan loss provisions.
Klöckner & Co SE reported financial results for the third quarter of 2010. Sales volumes were down slightly from the previous quarter but prices seem to have stabilized. EBITDA for Q3 was lower than Q2 due to declining volumes, but the company expects full year sales to increase over 25% from acquisitions and recovery in customer demand. Management outlined a new strategy called Klöckner & Co 2020 to further growth organically and through acquisitions, especially in emerging markets, in order to become the leading global multi-metal distributor and achieve an EBITDA margin above 6% through business optimization.
- Financial performance in 2009 was sound across most of BancABC's operations, with the exception of BancABC Zambia. Profits increased significantly in Mozambique and Botswana.
- Total income increased 10% to BWP 392 million, however earnings declined to BWP 58 million due to a 54% increase in operating expenses, largely from costs associated with Zimbabwe dollarization and retail banking expansion.
- Impairment charges increased 15% to BWP 51 million primarily from BancABC Zambia where loan quality deteriorated. The balance sheet grew 11% to BWP 4.4 billion as customer deposits increased 19% to BWP 3.4 billion, positioning the bank for improved
Présentation des résultats financiers Ericsson (Q4 2009)Ericsson France
Ericsson a publié ce matin les résultats de l’entreprise pour l’année 2009. Hans Vestberg, nouvellement président-directeur général du groupe depuis le 1er janvier 2010, a commenté les faits saillants au cours d’une conférence de presse en Suède. L’intégralité de ses commentaires est disponible ci-dessous.
Plus d'informations : http://www.blog-ericssonfrance.com/2010/01/le-pdg-du-groupe-ericsson-commente-les-resultats-2009/
Snam reported strong results for the first nine months of 2020, with EBITDA of €1.67 billion, a slight increase over the same period last year. While gas demand decreased 8.5% due to the impacts of COVID-19, efficiency measures helped offset costs. New investments in renewable gas and hydrogen contributed to revenue growth. Looking ahead, Snam confirmed its full-year 2020 net profit guidance and continues progressing on its energy transition strategy.
Banca Ifis reported its 1H 2019 results, with net income of €38 million. Key highlights included a CET1 ratio of 10.81% and continued growth in the NPL and trade receivables businesses. Management remains focused on capital strengthening and the industrial plan to be presented in the autumn.
The document is an earnings report for Banco PINE for the second quarter of 2009. It summarizes the company's financial performance including a 6.6% increase in loan portfolio. Operating income grew 11.9% and net income grew 8.6% compared to the previous quarter. The loan portfolio saw increased focus on corporate operations, while the individual payroll loan portfolio declined. Non-performing loans remained below 2% and funding levels increased, with deposits up 23.5% over the previous quarter.
Angel Ron: Banco Popular Third Quarter 2010 Results CrisisBanco Popular
Banco Popular, the organization headed by Angel Ron, presents the results obtained in the third quarter of 2010.
According to the results, Banco Popular expects to finish the year keeping the line in terms of results obtained in these months.
Banco Popular also points at that althought the crisis is not over, we will keep reinforcing our
provisions
The quarterly report discusses Ericsson's financial results for the second quarter of 2016. Sales were down 11% compared to the second quarter of 2015 due to negative industry trends impacting demand for mobile broadband. Margins improved for Global Services but declined for Networks and Support Solutions. Ericsson outlined additional actions to reduce costs, with the goal of lowering annual operating expenses to SEK 53 billion by the second half of 2017. The report provides an overview of financial results by segment and region, and notes that current weak sales trends are expected to continue in the second half of 2016.
Klöckner & Co SE reported results for the first quarter of 2009. Sales and volumes were down around a third compared to the previous year due to weak market conditions. The operating result was clearly negative. However, net debt was further reduced to €322 million and financing was secured through credit lines of €1.5 billion. Prices continued to decline in Q1 but have begun to stabilize, especially for long steel products. Cost cutting measures have been initiated and are expected to generate net savings of around €100 million for 2009.
- Revenues totaled EUR 305.7m in Q2 2020, compared to EUR 326.5m in Q2 2019. Recurring aftermarket revenues remained resilient at around 38% of total revenues.
- The EBIT margin was 14.7% in Q2 2020, driven by good product mix and project execution, lower operating expenses, and streamlining initiatives. Free cash flow was strong at EUR 47.6m.
- Net result was EUR 30.7m in Q2 2020 compared to EUR 34.3m in Q2 2019. Orders received totaled EUR 280.1m compared to EUR 311.2m in Q2 2019 and the
Bruker Corporation reported financial results for Q3 2015. Revenues declined 6% year-over-year to $396.1 million due to currency headwinds, but grew 8% organically. Non-GAAP operating margins expanded significantly to 13.3% compared to 8.6% in Q3 2014. Non-GAAP earnings per share grew 36% despite a higher tax rate. The CALID and BioSpin groups drove organic revenue growth, while currency impacts and divestitures reduced reported revenues. Bruker is on track to meet its full-year guidance targets through margin expansion and earnings growth.
Klöckner & Co - Roadshow Presentation November 2010Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and growth strategy through 2020. In Q3 2010, sales increased year-over-year while earnings improved. The company aims to accelerate external growth, boost organic growth, optimize business processes, and strengthen management development. By 2020, Klöckner & Co seeks to become the first truly global multi-metal distributor through international expansion, notably in emerging markets.
- Spirax-Sarco Engineering reported record results for 2010, with sales up 14% and operating profit up 32% over 2009.
- The company achieved a record operating profit margin of over 20% due to growth in emerging markets, efficiency gains, and continued investment in R&D and sales development.
- Cash flow remained strong and the company had a net cash balance of £34 million at year-end, allowing it to increase dividends by 19% and pay a special dividend.
BancABC preliminary group results for the year ended 31 December 2015wgjlubbe
- The group reported an attributable loss of $0.6 million, an improvement from a $48.6 million loss in 2014, indicating a turnaround in operational performance.
- The statement of financial position remained stable at $1.8 billion, with loans and deposits declining marginally to $1.18 billion and $1.39 billion respectively due to currency depreciation across markets.
- Net interest income declined to $95.8 million from $102.1 million in 2014 due to lower loans and advances and currency depreciation, while non-interest income grew 10.5% to $76.6 million driven by increased forex trading and fee revenues.
- The group reported a turnaround in performance, recording an attributable loss of $0.6 million, an improvement from a $48.6 million loss in 2014.
- The statement of financial position remained stable at $1.8 billion, with loans and deposits declining marginally to $1.18 billion and $1.39 billion respectively due to currency depreciation.
- Non-interest income increased 10.5% to $76.6 million, driven by growth in forex trading and fee/commission revenues from retail asset growth.
The ABC Holdings Group posted unsatisfactory results for the six months ended June 30, 2014, with pre-tax profits 41% lower than the previous year due to high impairments, reduced business volumes, and squeezed margins. Total assets grew 4% to BW16.3 billion but below expectations due to lower growth in Botswana and Zimbabwe. Attributable profits to shareholders declined 56% to BWP63 million. While the Group expanded physical outlets to 161 branches, costs increased faster than revenues, raising the cost to income ratio to 70% compared to 62% in the prior year.
The document discusses BancABC, a financial services provider operating in Southern Africa. It notes that BancABC has roots firmly embedded in Southern Africa, having been conceived, grown, and focused on serving Africans, allowing it to truly claim to be an African bank. The document details BancABC's expansion into retail banking, opening 73 retail branches between 2009 and 2013 with a goal of reaching 100 branches by 2016, as well as its range of services including personal, business, corporate banking, asset management, and treasury services.
This document provides an annual report summary for ABC Holdings Limited for the year ending 2013. Some key highlights include:
- Attributable profit to shareholders increased 49% from BWP133 million to BWP198 million.
- Total assets increased 18% from BWP13.4 billion to BWP15.8 billion. Loans and advances increased 15% while deposits grew 14%.
- Non-interest income accounted for 50% of total income while the cost to income ratio improved to 66% from 71%.
- Basic earnings per share grew 10% to 79.6 thebe and net asset value per share increased 16% to 5.64 thebe.
- Attributable profit for ABC Holdings increased 49% to BWP198 million compared to BWP133 million in the prior year, though earnings per share only increased 10% due to a rights issue and loan conversion.
- Most banking subsidiaries performed well except for BancABC Tanzania and Mozambique. Tanzania continued to struggle with impairments while one large impaired exposure impacted Mozambique.
- The Group's balance sheet grew 18% to BWP15.8 billion while loans increased 15% and deposits grew 14%. Net interest income increased 50% and non-interest income rose 25% though impairments were up 137%.
ABC Holdings Limited reported strong interim group results for the six months ended 30 June 2013. Total income was up 47% and pre-tax profit increased 77%. Attributable profit to shareholders was BWP143 million, up 157% from the prior year. Growth was driven by expansion in retail banking across subsidiaries in Botswana, Zambia, and Zimbabwe. However, impairments increased significantly due to provisions for three large clients. Overall financial and operational performance was positive, though some subsidiaries like Tanzania and Mozambique faced challenges from expansion costs and impairments.
ABC Holdings Limited is the parent company of BancABC, a banking group operating in five Sub-Saharan African countries. BancABC has operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, with a group services office in South Africa. The company's vision is to be Africa's preferred banking partner by offering world class financial solutions and building profitable customer relationships through innovative products and services. BancABC offers a range of banking services including corporate banking, treasury services, retail banking, SME banking, asset management and stock broking. ABC Holdings Limited is registered in Botswana and primarily listed on the Botswana Stock Exchange, with a secondary listing on the Zimbabwe Stock Exchange.
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• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
3. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Financial Highlights
› Total income increased 10% to BWP 392 million
› Solid income growth across all operations except BancABC
Zambia
› Significant investment in Retail Banking and Zimbabwe
dollarisation increased operating expenses 54% to BWP
366 million
› Impairment charges increased 15% to BWP 51 million
› Basic EPS down 33% to 40.4 thebe
› RoE of 14% (2008:23%) and NAV of BWP 399 million
(2008: BWP 438 million)
› Balance sheet grew 11% to BWP 4.4 billion
› Customer deposits grew 19% to BWP 3.4 billion
3
4. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Operational Highlights
› Microfinance operation successfully integrated into
BancABC Zambia and customer base expanded
› Retail Banking commenced business with first branches
opened in Harare and Dar es Salaam
› Credit function strengthened
› New products successfully introduced in Tanzania and
Mozambique boosted non-interest income
› Business rapidly expanded at BancABC Zimbabwe post
economic stabilisation
4
5. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Economic Overview - 2009
› Economic deterioration experienced in late 2008, cont’d
into 2009
› Regional GDP growth slowed to 1.5% in 2009, from 5.4%
in 2008
› Zimbabwe economy grew for first time in 10 years post
formation of GNU and dollarisation
› Botswana and Zambia hardest hit by declining commodity
prices
› Policy interest rates declined across all territories
– Associated margin pressure for banks
› Credit growth declined significantly across all territories
except Mozambique
5
9. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Economic Overview – 2010 Outlook
9
› The worst of the recession appears
to be over but economic recovery
remains fragile
› Growth in employment levels lagging
private sector economy growth
› Central Banks remain focused on
restoring credit growth to the
productive sectors of the economy
› Rising commodity prices supports
recovery in Group’s markets
› Improved growth prospects are
envisaged in 2010 in all of Group’s
markets
11. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement - Overview
60.240.4Earnings per share (thebe)
87,93158,431Profit for the year
-33,64215,768Tax
121,57342,663Profit before tax
2,30016,164Share of results of associates
119,27326,499Net income from operations
-236,941-365,694Operating expenditure
356,156392,193Total income
216,126265,017Non interest income
140,030127 176
Net interest income after
impairments
-44,365-51,218Impairment of loans and advances
184,395178,394
Net interest income before
impairments
20082009BWP’000s
11
12. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Interest Income
› Margins on interest income
generally declining due to change
in asset mix
› Margins widened in 2008 due to
aggressive loan growth
› Decreased demand for credit in
2009, resulted in excess cash being
invested in low yielding money
market and t-bills
› Lower policy rates resulting in a
squeeze in banking margins
12
13. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Impairments and NPL’s
› Overall NPL’s and credit loss ratio
is declining
› 2009 increase attributable to
economic circumstances
› Quality of loan book is improving
13
14. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Non-interest Income
› NI income increasing overall and as
a % of total income
– 2009 NI % increased to 68%
(08: 61%)
› Trading activities, esp in forex are
primary source of growth
› Introduction of Retail Banking
expected to increase net interest
income going forward
14
15. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Segmental analysis
% change20082009
(3%)184,395178,394TOTAL
(249%)4,147(6,180)Head office
2%180,248184,574Banking operations
-6314,339Zimbabwe
(16%)73,56161,632Zambia incl Microfin
14%30,94135,178Tanzania
13%34,29538,594Mozambique
(16%)41,38934,831Botswana
Net Interest Income
15
17. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Cost to Income Ratio
› Target C:I ratio of 50% over the
medium to long term
› Once off costs associated with
Pyramid Plaza pushed ratio from
77% to 82%
› Dollarisation of Zimbabwean
economy brought in BWP 62 mill of
costs vs. nil for 2008
› Significant investment in Retail
Banking; people, systems and
processes the bulk of which were
expensed
› Retail head count now at 89 (08: 35)
17
18. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Income Statement – Staff costs
› Total head count in 2009 of 592 vs. 484 in 2008
› Growth in ABCH portion attributable to Retail Banking
18
19. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Balance Sheet - Overview
19
3,967,938
456,508
437,654
3,511,430
599,814
2,822,352
3,967,938
216,942
2,249,903
26,100
659,587
513,050
2008
11%
(9%)
(9%)
14%
(9%)
19%
11%
29%
(11%)
(31%)
34%
72%
% change
4,417,745TOTAL EQUITY AND LIABILITIES
415,779Total equity
399,069Equity attributable to ordinary shareholders
4,001,966Total liabilities
543,822Borrowed funds
3,355,118Deposits
4,417,745TOTAL ASSETS
278,975Property and equipment
1,995,325Loans and advances
17,905Financial assets designated at fair value
880,740Financial assets held for trading
881,884Cash and short term funds
2009BWP '000s
20. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Balance Sheet – Capital Adequacy
20
Capital Adequacy Ratio
20%
10%
23%
17%
23%
2009
19%
22%
16%
32%
16%
2008
10%Zimbabwe
10%Zambia
12%Tanzania
8%Mozambique
15%Botswana
MinCountry
› Botswana recapitalised to the extent of BWP 35 mill in H209
› All entities now adequately capitalised
› Zambia to be reacapitalised in 2010
21. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Balance Sheet – Loans and Advances
› Active decision taken to curtail
lending due to poor economic
circumstances
› Liquidity constraints precluded further
lending in Tanzania and Zambia in
H109
› Excluding Zambia, impairments across
Group reduced from BWP 34 mill in
2008 to BWP 27 mill in 2009
› Actively support good clients in
difficult economic environment
21
Loans and
advances per
country to
follow
22. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Balance Sheet - Deposits
› Customer deposits increased over the
year by 19% to BWP 3.4 bill
– Zimbabwe increased BWP 158 mill
due to economic stability
– Mozambique increased BWP 200
mill as client base grew
– Tanzania increased BWP 132 mill
with deposit mobilisation
› Excess cash invested in t-bills and
money market instruments
› Resulting squeeze on margins with
consolidated spreads reducing from
5.9% in 2008 to 5.1% in 2009
22
24. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Botswana
› Economic activity sharply declined in 2009 as diamond
revenues remained subdued
› Management decision to curtail lending in light of poor
economic circumstances
› Impairments well managed down to BWP 9 mill (08: BWP
22 mill)
› Increased customer deposits and capital injection from
ABCH positions Balance Sheet well for 2010
› Forex trading volumes and associated non-interest income
increased
› Expenditure tightly controlled with only 10% increase
› Overall PAT improvement of 32% to BWP 17 million
24
25. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Mozambique
› Slow down in commitments to long term projects across
the economy reduced demand for credit from corporates
› Interest income increased in line with increased customer
deposits, despite lack of growth in loan portfolio, as cash
was invested in t-bills and money market
› Significant growth in non-interest income, predominantly
from forex trading
› Operating expenditure increased 32%, bulk of which was
on Retail Banking
› PAT up 82% to BWP 30 million
25
26. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Tanzania
› Lending restricted early on in the year as liquidity
constraints kicked in
› This plus increased impairments of BWP 13 mill (08: nil)
contributed to decline in net interest income after
impairments to BWP 22 mill (08: BWP 31 mill)
› Increased customer deposits by year end of 24% to
BWP 677 mill
› Non-interest income increased 29% with introduction of
bond trading providing new income stream
› Operating expenditure increased 17% to BWP 40 mill
› PAT decline of 49% to BWP 5 mill
27. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Zambia - BancABC
› BancABC experienced significant loss in 2009
– Reduced market activity
– Large impairments mostly from mining customers
› Economy hard hit by declining copper price in 2008 and
recovery of spot price slow to impact the real economy
› Loan book declined 45%, interest income down 19% to BWP
11 mill
› Accordingly Balance Sheet shrunk 37% to BWP 286 mill,
customer deposits were down 10% to BWP 176 mill
› Impairments were BWP 24 mill vs. BWP 10 mill in 2008
› New management team making progress in addressing credit
controls and reputational issues
› Recapitalisation planned for 2010
28. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Zambia - Microfin
› Microfin, BancABC Zambia’s microloans business, made
good progress with loan book increasing to BWP 104 mill
(08: BWP 90 mill)
› Impairments drastically reduced from BWP 9 mill to
BWP 3 mill
› Average yield on IEA however declined to 35% from 47%
› Decision taken to integrate BancABC and Microfin
operations to reduce costs and cross sell retail products
› Merger successfully concluded and brand integration
planned for 2010
29. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Zambia – write offs
› BancABC Zambia was advisor to the financing of
construction project
› Construction ran over budget resulting in significant loss
for investors
› To protect BancABC reputation, board took the decision to
reimburse investors
› Total reimbursements of BWP 36 million paid out over
2008/ 09
› Building taken over by the Group
30. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Zimbabwe
› Significant economic improvement on the back of
formation of GNU and dollarisation
› Positive economic trend for first time in 10 years
› Lack of liquidity in the banking sector still problematic
– Limited capacity of lender of last resort
– Inactive interbank market
– Limited FDI
› Net interest income of BWP 14 mill vs. nil in 2008
› Expenses of BWP 62 mill vs. nil in 2008
31. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Retail Banking - Update
› IT systems largely in place and testing has commenced
across territories
› First branches opened in Harare and Dar es Salaam
– Branches to open in Mozambique in March
– Botswana to follow in Q2 and Zambia Q3
– Total of 10 branches to be opened by half year
› Visa accreditation acquired in Botswana, Mozambique and
Tanzania
› Partnerships remain key driver of growth
33. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Investment Case
› NAV per share of 273 thebe vs.
share price of 130 thebe
› Historic PE multiple of 3.2.
› Only regionally diversified bank listed
in Botswana/ Zimbabwe – reduced
country risk
› Traditionally valuing assets in
Zimbabwe was a challenge, this has
changed following dollarisation
35. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Strategy – Vision and Mission
BancABC is realising this vision by building profitable,
lifelong customer relationships through the provision of a
wide range of innovative financial products and services;
to the benefit of all our stakeholders
BancABC’s vision is to offer world class financial solutions
that make it Africa ’s preferred banking partner
› Balanced Scorecard introduced as the Group’s performance
management strategy implementation tool
› Setting and reviewing the performance targets to become a more
transparent process
36. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Strategy – Key Objectives 2010
Grow & Diversify
Customer Base
Increase Non-Interest
Income
Boost Net Interest
Income
Control Operating
costs
Reduce cost of
Funding
Manage investment in
Growth
› Merge Microfin and Zambian operations and cross sell
› Convert wholesale banking customers to retail bank
› Expand Retail Banking business
› Cross sell products to borrowing customers
› Improved credit management
› Managed growth of the loan portfolio
› Costs driven by incremental revenue they can generate
› Improve turnaround times
› Expansion of Retail Banking footprint
› Invest in human capital
› Retain a substantial amount of Group‘s earnings
37. BancABC 2009 ANNUAL RESULTS 10 MARCH 2010
Outlook
› Continue to grow wholesale business
› Bed down merger in Zambia, recapitalise this operation
› Use Microfin branch network to leverage Retail Banking
growth in Zambia
› Retail Banking coming on stream – cash flow positive and
profitable in next 18-24 months
› Revisit capital raising initiatives in H210
› Draw down on AfDB loan of US$30 million in Q210
› Balance sheet positions bank well to grow all operations
as regional economy improves
› Year started well, sustained profit growth expected for
remainder of 2010