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 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%.
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 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 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.
- 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.
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.
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.
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.
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%.
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 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 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.
- 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.
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.
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.
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.
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 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
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 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.
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%.
- 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.
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.
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 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.
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.
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 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.
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.
- 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.
- 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.
- 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
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.
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.
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.
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.
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 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
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 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.
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%.
- 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.
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.
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 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.
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.
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 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.
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.
- 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.
- 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.
- 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
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.
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.
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.
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 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 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 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.
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.
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.
- 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.
Corporation Bank reported a 20.6% rise in net profit to Rs 352 crore for 2QFY2011, above estimates. Strong loan growth of 32.7% year-on-year and stable asset quality were highlights, however non-interest income declined due to high base. Operating costs rose 7.2% sequentially and the cost-to-income ratio was 39.1%. While the bank has efficient operations and healthy asset quality, maintaining its growth rates will be challenging due to the high growth base in the previous fiscal year.
The document discusses Mongolia's economic reforms and positive outlook. It notes that despite falling foreign direct investment, Mongolia has maintained macroeconomic stability with low inflation, a reduced current account deficit, and a trade surplus. The economy is moving towards a "new equilibrium" with balanced external payments. Several major investment projects and agreements with countries like Japan, India, and China will support growth going forward as Mongolia shifts from consumption to savings-based growth and prudent fiscal reforms.
The analyst briefing document provides an overview of Alliance Financial Group's performance for the first nine months of fiscal year 2014:
26.7
25
80%
20
60%
15
40%
10
20%
5
0%
0
9MFY10
9MFY11
9MFY12
9MFY13
9MFY14 vs 9MFY13
+ RM3.6 bil
+ 13.2%
9MFY14
- Net loans grew 13.2% year-over-year to RM30.3 billion, driven by consumer lending
The document provides an analyst briefing on the financial results of a bank for fiscal year 2015. Some key points:
- The bank reported a 2.1% increase in pre-provision operating profit despite a challenging market environment. Net interest income grew 5.4% and non-interest income from clients grew 12.4%, offsetting declines elsewhere.
- Loan growth was strong at 14.9% driven by consumer and SME segments, while deposit growth was also high at 13.7%. However, net interest margin compressed by 8 basis points.
- Non-interest income was impacted by lower treasury income, though trade/FX revenues grew 24.1% on business banking expansion. Wealth management fees were
BancABC reported strong financial results for the first half of 2011. Total income increased 24% and operating profit increased 48%. The balance sheet grew 23% to $1.1 billion, with loans and advances up 31% and customer deposits up 23%. Operational highlights included expanding the retail branch network to 21 branches. The outlook remains positive, with plans to continue retail expansion, pursue additional capital raises, and grow in key markets like Zambia and Zimbabwe.
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.
One of India's oldest banks, Canara Bank has over 100 years of operations. It is among the top 10 banks in India in terms of asset size and is majority owned by the Government of India. Canara Bank has a strong branch network across India and focuses on priority sectors like agriculture and small businesses. It has demonstrated strong financial performance in recent years through measures like repricing deposits to boost income and lowering costs. Analysts project continued growth in profits for Canara Bank on the back of rising interest income and improving margins. The report recommends buying Canara Bank shares with a target price of Rs. 899 based on projected book value multiples.
The document discusses Mongolia's current macroeconomic situation and outlines a vision for achieving a "New Balance". Currently, Mongolia faces fiscal deficits, current account deficits, declining foreign direct investment, and rising non-performing loans. To establish a New Balance, the document proposes pursuing balanced budgets, diversifying the economy beyond mining, boosting investment, narrowing welfare programs, and maintaining low and stable inflation. The New Balance aims for sustainable growth, a balanced external position without deficits, and stable real income increases.
ING Vyasa Bank Q2FY14 Result: Maintain neutralIndiaNotes.com
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HSBC reported full year 2020 results. While profits were down 34% to $8.8 billion due to higher credit losses and lower revenue driven by the pandemic, the bank had a strong balance sheet. Cost savings of $1 billion were achieved through cost reduction programs. Looking forward, the bank is focused on executing its strategy of driving growth in Asia, pivoting to wealth management, and digital business services.
- Guyana is a lower middle income country in Latin America and the Caribbean with a population of around 800,000 people and GNI per capita of $3,750.
- Its economy relies heavily on agriculture, industry, and services, with agriculture accounting for around 22% of GDP.
- In recent years, Guyana has experienced moderate economic growth between 1-2% annually, moderate inflation between 1-6%, and decreasing fiscal deficits.
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.
Yes Bank: Reports tepid set of numbers in Q1FY15; HoldIndiaNotes.com
Yes Bank reported tepid set of numbers which were marginally below our estimates. While NII grew by 13.1% YoY to INR 7453 mn, profit grew by 9.6% to INR 4395 mn dented largely by 3.7% decline in non interest income and 25.1% surge in operating expenses. Hold
Financial statemet anlysis of co operative bankNeeraj Singh
The document provides an analysis of the financial performance of Cooperative Bank from 2007-2008 to 2010-2011. It includes comparative balance sheets, income statements, trend analysis, and financial ratios like current ratio, liquid ratio, earning per share, dividend per share, net profit ratio, operating profit ratio, and return on net worth. The analysis shows fluctuations in capital, deposits, and profits over the years. Some ratios like current ratio, liquid ratio, and return on net worth declined over time, suggesting areas for improvement like better working capital management and cost control.
Bank of Kigali Announces Reviewed Q3 2015 & 9M 2015Lado Gurgenidze
Bank of Kigali is the largest bank in Rwanda, with over 31% market share. In Q3 2015, the bank reported:
- Total assets of RWF 525.1 billion, an 8.3% increase year-over-year.
- Net loans of RWF 295.0 billion, growing 32.2% year-over-year.
- Net income of RWF 5.3 billion, a 3.4% decrease quarter-over-quarter but 23.9% increase year-over-year.
Liberty Bank reported Q1 2014 results with net income of GEL 3.6 million, down 69.2% quarter-over-quarter but up 1870.9% year-over-year. Total operating income was GEL 32 million, up 14.2% quarter-over-quarter and 83.7% year-over-year, driven by increases in net interest and non-interest income. Total assets grew 5.8% quarter-over-quarter to GEL 1.37 billion as of March 31, 2014. The bank expects to improve its balance sheet structure and forecasts 2014 net income of GEL 20.7 million.
The document provides an investor presentation for Hemas Holdings PLC for the 2012/13 fiscal year. It summarizes the company's performance across key business segments including FMCG, healthcare, leisure, transportation, and power. The FMCG, healthcare, and leisure segments saw significant revenue and profit growth in 2012/13. The company remains focused on winning in the personal care market and expanding its hospital business. Overall, the group achieved a 21% increase in turnover and 58% growth in profit before tax for the fiscal year.
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.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
4. BancABC Full Year Financial Results 2011
Up by 22%3 points
down
Financial Highlights
Net asset value per share up from BWP2.88 to BWP3.99
Profits dragged down by high impairment charge which increased from BWP15.8m
in 2010 to BWP79.5m in 2011 & impact of IFC convertible loan of BWP35m
PAT
2011
BWP87.7m
Up by 28%
RoE
2011
16.3%
Cost to
Income
EPS
2011
74%
2011
56.6 thebe
2010
BWP68.6m
2010
16.2%
2010
77%
2010
46.3 thebe
4
Flat
5. BancABC Full Year Financial Results 2011
Financial Highlights
Net asset value per share up from BWP2.88 to BWP3.99
Attributable
Profits (BWPm)
2011
BWP83m
2011
17.5%
2011
3.99
2010
BWP66.7m
2010
10%
2010
2.93
5
Dividend Per
Share (Thebe)
NAV Per (BWP)
Up by 24% Up by 39% Up by 36%
6. BancABC Full Year Financial Results 2011
Financial Highlights
2011
BWP9,2
billion
2010
BWP6,0
billion
Up 53%
2011
BWP6,1
billion
2010
BWP3,1
billion
Up 97%
2011
BWP7,4
billion
2010
BWP4,9
billion
Up 50%
2011
BWP613
million
2010
BWP438
million
Up 40%
Total
Assets
Loans &
Advances
Deposits Equity
6
7. BancABC Full Year Financial Results 2011
Operational highlights
Total retail branches increased from 31 in 2010 to 49 in
2011;
Total retail customer numbers increased by 122% from 46
thousand in 2010 to 108 thousand in 2011;
NPLs down from 8.3% in 2010 to 6.7% in 2011, however
credit loss ratio up from 0.6% in 2010 to 1.7% in 2011;
Drawdown of IFC convertible loan of US$13.5 million in
2011
7
8. BancABC Full Year Financial Results 2011
Economic review
DOUG MUNATSI
9. BancABC Full Year Financial Results 2011
Economic Overview
Derailment of global recovery appears to have been
averted for now
Euro area is expected to enter into a mild recession in
2012
A stronger performance in emerging markets though
growth revised downwards
Europe adopted a tight fiscal stance & measures to
reduce financial stress
US economic activity turning better than initially
expected 9
10. BancABC Full Year Financial Results 2011
Economic Overview
Sub-Saharan Africa (SSA) continuing its post-crisis
recovery
Commodity based countries remain vulnerable to any
global downturn
SSA region grew by 4.9% in 2011 expected to grow by
5.5% in 2012
10
11. BancABC Full Year Financial Results 2011
GDP Ranking as of 2012 – Top 15 Economies
11
0 4,000 8,000 12,000 16,000
Mexico
Korea
Australia
Spain
Canada
India
Russia
Italy
UK
Brazil
France
Germany
Japan
China
US
US$ bn
New Global Order
China overtook Japan
in 2010
China a leading
consumer of commodities
Brazil to overtake UK
in 2012
12. BancABC Full Year Financial Results 2011
GDP Ranking as of 2012 Top 15 African
Economies
0 50 100 150 200 250 300 350 400 450
Botswana
Zambia
Tanzania
Cameroon
Kenya
Ghana
Tunisia
Sudan
Libya
Angola
Morocco
Algeria
Egypt
Nigeria
South Africa
US$ bn
South Africa –
biggest economy in
Africa accounts for
over a ⅓ of SSA GDP
12
13. BancABC Full Year Financial Results 2011
GDP Growth (%) & Size (US$ bn)
South Africa
443
Nigeria
263
Namibia
13
Angola
109
Kenya
41
Mozambique
15
Zimbabwe
12
Botswana
18
Tanzania
25
Zambia
21
0
2
4
6
8
10
12
40 50 60 70 80 90 100 110 120 130 140 150
GDPGrowth2012(%)
2010-11 Global Competitive Rankings out of 139 Countries
5.5% SSA
GDP Growth
GDP Size (US$ bn) = Bubble Size
13
14. BancABC Full Year Financial Results 2011
2011 Inflation Development
Inflation peaked in a number of countries during 2011
Price pressures from volatile and high fuel & food prices
8.5
10.5
12.7
8.7
3.5
5.0
0
2
4
6
8
10
12
14
16
18
20
%
Inflation
Avg Inflation
Botswana Mozambique Tanzania Zambia Zimbabwe SA
14
15. BancABC Full Year Financial Results 2011
Policy Interest Rates
0
2
4
6
8
10
12
14
16
18
%
Tanz (Overnight Rate)
Bots (Bank Rate)
Zambia (Bank
Rate)
Moz (Standing Lending
Facility)
Bots Bank rate remained flat at
9.5%
Moz policy rate was lowered by
150bs in line with declining inflation
In TZ, firming up of overnight rate
in H2 was due to tight liquidity
conditions
In ZM, bank rate averaged 8.8% in
2011 compared to 6.5% in 2010
Policy interest rates – key monetary
policy tools to fight inflation
15
16. BancABC Full Year Financial Results 2011
Exchange Rate Movement vs. USD
Concerns on the pace of
global recovery triggered
ZAR weakness in H2 of 2011
Having appreciated in
2010, ZAR & BWP
depreciated vs. US$ by 24%
& 17%, respectively
MZN appreciated vs. USD by
18%. MZN was being used
as a tool to fight inflation
-20 -16 -12 -8 -4 0 4 8 12 16 20
BWP
ZAR
MZN
TZS
ZMK
16.9
23.6
-17.5
7.7
6.7
-3.5
-10.6
19.6
10.8
3.4
%
YoY: Dec-09 to Dec-10
YoY: Dec-10 to Dec-11
Depreciation (+)Appreciation (-)
16
17. BancABC Full Year Financial Results 2011
Exchange Rate Movement per Pula
660
670
680
690
700
710
720
730
740
750
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
100
200
300
400
500
600
700
800
BWP/TZS
(RHS)
BWP/ZMK
(LHS)
0
1
2
3
4
5
6
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
0
1
2
3
4
5
6
BWP/MZN
BWP/ZAR
Due to dominant weight of ZAR
in the Pula basket of
currencies, the BWP mirrors the
ZAR movement
The following currencies appreciated vs BWP:
MZN (29.4%)
ZMK (8.7%)
TZS (7.9%)
17
20. BancABC Full Year Financial Results 2011
Income Statement
Performance driven by
increase in net interest
income and non-interest
income
Impairment high due to
loan growth and
downgrade in Tanzania &
Zimbabwe
Operating expenses higher
in line with expansion
BWP'000 2011 2010
Net interest income 412,362 38% 297,845
Impairment of loans (79,537) -403% (15,826)
NII after impairment of loans 332,825 18% 282,019
Non-interest income 325,984 23% 264,288
Total income 658,809 21% 546,307
Operating expenses (545,948) -25% (435,093)
Net income from operations 112,861 1% 111,214
Share of loss of associates (5,177) 74% (20,134)
Profit before tax 107,684 18% 91,080
Tax (19,986) 11% (22,495)
Profit for the year 87,698 28% 68,585
Attributable to:
-Ordinary shareholders 83,002 24% 66,710
-Minority interests 4,696 150% 1,875
Basic EPS (thebe) 56.6 22% 46.3
Dividend per share (thebe) 17.5 75% 10.0
20
21. BancABC Full Year Financial Results 2011
Income Statement
Performance driven by
increase in net interest
income and non-interest
income
Impairment high due to
loan growth and downgrade
in Tanzania & Zimbabwe
Operating expenses higher
in line with expansion
USD'000 2011 %change 2010
Net interest income 60,329 38% 43,783
Impairment of loans (11,637) -399% (2,331)
NII after impairment of loans 48,692 17% 41,542
Non-interest income 47,692 23% 38,930
Total income 96,394 20% 80,472
Operating expenses (79,873) -25% (64,089)
Net income from operations 16,511 1% 16,383
Share of loss of associates (757) 74% (2,966)
Profit before tax 15,754 17% 13,417
Tax (2,924) 12% (3,314)
Profit for the year 12,830 27% 10,103
Attributable to:
-Ordinary shareholders 12,143 24% 9,827
-Minority interests 687 149% 276
Basic EPS (US cents) 8.3 22% 6.8
Dividends per share (US cents) 2.4 60% 1.5
21
22. BancABC Full Year Financial Results 2011
Attributable Profit Trend
124
86
58
67
83
42%
23%
14%
16% 16%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
-
20
40
60
80
100
120
140
2007 2008 2009 2010 2011
Attributable profits RoE
Higher attributable profits
driven by increase in core
earnings
ROE flat due to lower
earnings in Tanzania
Upward trend in past 3
years supported by
sustainable earnings
BWP’million
Dip in 2009 due to
dollarization & change in
business model
22
23. BancABC Full Year Financial Results 2011
Income Statement- Segmental Analysis
Zimbabwe
continued to
perform well in all
segments
Zambia
performance
buoyed by
Microfinance
Tanzania affected by
downgrade of
security on NPL
Botswana and
Mozambique post
solid results on
back of improved
NII
Attributable profits
BWP'000 2011 % Cont 2010 % Cont % change
Botswana 28,005 20% 20,040 21% 40%
Mozambique 28,863 20% 22,919 24% 26%
Tanzania (3,326) -2% 15,804 16% -121%
Zambia 31,872 23% 11,203 12% 184%
Zimbabwe 55,090 39% 26,739 27% 106%
Banking Operations 140,504 100% 96,705 100% 45%
Head office & consolidation
adjustments (57,502) (29,995) -92%
Total 83,002 66,710 24%
23
24. BancABC Financial Results 31 December 2011
Income Statement – Segmental Analysis
Doubled retail income during the year
Total Income ( excl impairments)
BWP'000 2011 % change 2010
BancABC Botswana 125,341 48% 84,806
BancABC Mozambique 126,069 46% 86,383
BancABC Tanzania 88,588 3% 85,918
BancABC Zambia 102,737 17% 88,104
BancABC Zimbabwe 264,814 86% 142,630
Banking Operations 707,548 45% 487,842
Head Office & Consolidation adjustments 30,799 -59% 74,292
Total Income 738,347 31% 562,133
Total income (exl. impairments) 2011 2010
BWP'000 Wholesale Retail Wholesale Retail
BancABC Botswana 114,301 11,040 83,273 1,533
BancABC Mozambique 114,796 11,273 82,690 3,693
BancABC Tanzania 83,517 5,071 85,322 596
BancABC Zambia 33,581 69,156 34,752 53,352
BancABC Zimbabwe 186,794 63,480 121,467 21,163
Banking Operations 532,989 160,020 407,504 80,337
Head Office & Consolidation
adjustments 45,337 - 74,292 -
Total Income 578,326 160,020 481,796 80,337
24
25. BancABC Full Year Financial Results 2011
Income Statement- Segmental Analysis
Strong growth in NII in Zimbabwe and Mozambique
Net interest income
BWP'000 2011 % change 2010
BancABC Botswana 79,882 55% 51,452
BancABC Mozambique 60,703 109% 29,057
BancABC Tanzania 50,673 5% 48,038
BancABC Zambia 68,905 2% 67,331
BancABC Zimbabwe 121,575 112% 57,437
Total Banking Operations 381,738 51% 253,314
Head office 30,624 -31% 44,531
Total 412,362 38% 297,845
25
26. BancABC Full Year Financial Results 2011
Income Statement – Segmental Analysis
Botswana:18
%
Mozambique:
14%
Tanzania:12
%Zambia:16%
Zimbabwe:31
%
ABCH &
Other:10%
NII by entity - 2011
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
2010 2011
BWP'000
Net interest income by entity
Botswana Mozambique Tanzania Zambia Zimbabwe ABCH & other
Growth in NII across all
entities, Zimbabwe
contribution high boosted
by Retail
27. BancABC Financial Results 31 December 2011
Income Statement – Net Interest Income
Positive trend in net interest income driven
by better liquidity and increased balance
sheet size
Slight reduction in net interest
margins due to reduction in interest
rates on consumer lending in Zambia
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
-
100,000
200,000
300,000
400,000
500,000
2007 2008 2009 2010 2011
BWP'000
Net interest margin
Net int BWP'000 NIM before impairments
NIM after impairments
27
28. BancABC Full Year Financial Results 2011
Income Statement- Net Interest
Income (USD)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2007 2008 2009 2010 2011
USD'000
Net interest margin
Net int USD'000 NIM before impairments
NIM after impairments
28
29. BancABC Full Year Financial Results 2011
Income Statement- Non-interest income
-50,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
2007 2008 2009 2010 2011
BWP'000
Non-interest income
Fees and commissions Trading income Gains on investment activities MTM - investment property Other income
BWP'000 2011 % Change 2010
BancABC Botswana 45,459 36% 33,355
BancABC Mozambique 65,366 14% 57,326
BancABC Tanzania 37,915 0% 37,880
BancABC Zambia 33,831 63% 20,773
BancABC Zimbabwe 128,696 51% 85,194
Banking operations 311,267 33% 234,528
Head office 14,717 -51% 29,760
Total 325 984 23% 264,288
The reduction is
due to the
impact of IFC
convertible loan
BWP35 m
29
30. BancABC Full Year Financial Results 2011
Income Statement- Non-interest income
The IFC Convertible loan agreement was signed in 2008 and
drawdown happened in May 2011
The loan is a hybrid instrument (debt-derivative) and therefore
the loan was marked to market through the income statement.
The loss arose from the differential between the conversion
price and the current share price of ABCH together with impact
of exchange differentials.
The net after tax fair value loss of BWP29m was recognized in
the income statement in accordance with IAS 39.
30
31. BancABC Full Year Financial Results 2011
Operating Expense per Entity
BWP'000 2011 % change 2010
BancABC Botswana 84,024 42% 59,370
BancABC Mozambique 80,798 43% 56,597
BancABC Tanzania 61,762 30% 47,670
Zambia 80,674 0% 80,360
Zimbabwe 148,510 39% 106,593
Banking operations 455,768 30% 350,590
Head office 90,180 7% 84,503
Total 545,948 25% 435,093
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
Botswana Mozambique Tanzania Zambia Zimbabwe Head office
2010 2011
Increase in opex due
to expansion in Retail
& SME Banking
BWP’000
31
32. BancABC Full Year Financial Results 2011
Income Statement- Cost to Income
47%
59%
82%
77%
74%
2007 2008 2009 2010 2011
Cost to Income Ratio
Cost to income ratio peaked in 2009 due to change in business
model and dollarization in Zimbabwe.
32
34. BancABC Full Year Financial Results 2011
Balance Sheet Overview
Balance sheet grew by 53% from BWP6,0 billion to
BWP9,2 billion
Deposits grew by 50% from BWP4,9 billion to BWP7,4
billion
Loans and advances almost doubled from BWP3,1 billion
to BWP6,1 billion supported by growth in Zimbabwe
Total Equity grew by 40% from BWP438 million to
BWP612 million
34
35. BancABC Full Year Financial Results 2011
Balance Sheet
86%
14%
Total Assets-2011 (BWP‘ million
Wholesale Retail
94%
6%
Total Assets -2010(BWP‘ million
Wholesale Retail
BWP'000 2011 % chg 2010
Cash and cash equivalents 1,243,431 24% 999,338
Financial assets 972,511 -27% 1,326,846
Loans and advances 6,077,399 97% 3,078,110
Property and equipment 647,263 65% 391,498
Other assets 243,284 13% 215,647
Total assets 9,183,888 53% 6,011,439
Deposits 7,374,700 50% 4,907,045
Borrowed funds 981,788 69% 579,420
Other liabilities 214,833 147% 87,116
Total liabilities 8,571,321 54% 5,573,581
Equity -ordinary shareholders 596,811 41% 422,336
Minority interest 15,756 2% 15,522
Total equity 612,567 40% 437,858
Total liabilities & equity 9,183,888 53% 6,011,439
35
36. BancABC Full Year Financial Results 2011
Balance Sheet- USD
Wholesale
86%
Retail
14%
Total Assets-2011 (%)
Wholesale
94%
Retail
6%
Total Assets-2010 (%)
USD'000 2011 % change 2010
Cash and cash equivalents 166,122 7% 154,997
Financial assets 129,927 -37% 205,794
Loans and advances 811,940 70% 477,415
Property and equipment 86,475 42% 60,721
Other assets 32,504 -3% 33,447
Total assets 1,226,968 32% 932,374
Deposits 985,260 29% 761,083
Borrowed funds 131,167 46% 89,868
Other liabilities 28,702 112% 13,512
Total liabilities 1,145,129 32% 864,463
Equity -ordinary shareholders 79,734 22% 65,504
Minority interest 2,105 -13% 2,407
Total equity 81,839 21% 67,911
Total liabilities & equity 1,226,968 32% 932,374
36
37. BancABC Full Year Financial Results 2011
Balance Sheet- Loans and Deposits
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2007 2008 2009 2010 2011
Loans
Deposits
97%
increase in
loans
50%
increase in
deposits
37
49% CAGR 39% CAGR
38. BancABC Full Year Financial Results 2011
Deposits Per Entity
BWP'000 2011 % change 2010
BancABC Botswana 2,563,126 30% 1,966,307
BancABC Mozambique 1,216,349 45% 836,104
BancABC Tanzania 1,060,686 33% 795,640
BancABC Zambia 548,120 117% 252,962
BancABC Zimbabwe 1,986,419 88% 1,056,032
Total deposits 7,374,700 50% 4,907,045
Botswana
34%
Mozambique
17%
Tanzania
15%
Zambia
7%
Zimbabwe
28%
Strong growth in
deposits across all
entities
38
41. BancABC Financial Results 31 December 2011
Balance Sheet – Segmental Analysis
Retail contributed 8.3% of total deposits (Dec 2010: 3.4%)
Deposits Wholesale Retail
BWP'000 Dec 2011 Dec 2010 Dec 2011 Dec 2010
BancABC Botswana 2,418,092 1,948,540 145,034 17,767
BancABC Mozambique 991,922 744,952 224,427 91,152
BancABC Tanzania 1,037,774 788,936 22,912 6,704
BancABC Zambia 522,046 240,775 26,074 12,187
BancABC Zimbabwe 1,794,548 1,018,620 191,871 37,412
Total Deposits 6,764,382 4,741,823 610,318 165,222
41
42. BancABC Financial Results 31 December 2011
Balance Sheet – Capital Adequacy
Total Capital (BWP m) Capital Adequacy Ratio
Subsidiary 2011 2010 Min 2011 2010
BancABC Botswana 234 171 15% 16% 22%
BancABC Mozambique 225 162 8% 15% 18%
BancABC Tanzania 99 97 12% 12% 14%
BancABC Zambia 126 86 10% 16% 30%
BancABC Zimbabwe 284 191 10% 11% 14%
There is now need to raise additional capital
42
43. BancABC Full Year Financial Results 2011
Operational Overview
FRANCIS DZANYA
45. BancABC Full Year Financial Results 2011
Botswana Highlights
Revenue
• Net interest income : + 55%
• Good margins
• Increase in the book
• Non-interest income : + 36%
• High FX Trading volumes
Loans & Deposits
• Loans and Advances :more than
doubled to BWP1.6bn
• Increase in consumer lending
• Deposits increased: from BWP2bn
to BWP2.6bn
• market share up from 5% prior
year to 6%
Operational Statistics
• Staff numbers up from 117 to 186
• Branches up from 2 to 4
• Customer numbers up from 1,500
in 2010 to 9,177 in 2011
Developments & New Products
• Consumer Banking Loans
• 100% home loans;
• Chip and PIN cards;
• ATMs rolled out
• VISA acquiring
• Prepaid VISA Cards
45
47. BancABC Full Year Financial Results 2011
Mozambique Highlights
47
Revenue
• Net interest income: +109%
• Higher margins
• Book Size Increase
• Non interest income: +12%
• FX Trading Margins Shrinkage
• Trade finance fees up
Loans & Deposits
• Good growth of Loan book: up to
BWP761m from BWP424m
• Deposits crossed the billion mark: up
to BWP1.2bn from BWP836m
• Market share increased from 4% to
4.5%.
• Highest retail deposit contributor to
Group
Operational Statistics
• Staff numbers up from 103 to 125
• + 1 branch, total to 6;
• Customer numbers up from 2,442 in
2010 to 4,516 at the end of 2011
Developments and New Products
• Prepaid cards pilot with selected
customers;
• Campaigns on deposit mobilization:
“2014 World Cup” campaign
• Launched the IFC SME program
47
49. BancABC Full Year Financial Results 2011
Tanzania Highlights
Revenue
• Total bank revenue affected by high
impairment of loans: impairments up
from BWP18m to BWP33m
• Non interest income flat at BWP38m,
• Mark-to-market losses in Q4-11
Loans
• Loan book up by 28% from BWP446m
to BWP573m, increase recorded on
consumer lending.
• Deposits increased from BWP795m to
BWP1.0 billion
Operational statistics
• Staff numbers up from 80 in 2010 to
103 in 2011.
• One more branch was opened in 2011,
bringing total to 4
Product Developments
• Rolled out ATM cards
• Introduced fixed deposit balance build
49
51. BancABC Full Year Financial Results 2011
Zambia Highlights
Revenue
• Total income up from BWP91m to
BWP102m
• High consumer loans volumes
• Impairments well controlled
during the year
Loans & Deposits
• Loan book up by 148% from
BWP233m to BWP577m,
• Microfinance book increased by
245% from BWP91m to BWP314m
• Deposits up from BWP253m to
BWP548m, mainly from wholesale
Operational statistics
• Staff numbers up from 128 in 2010
to 187 in 2011
• Branch network grew to 23 to
cover all provinces in Zambia
• Number of customers shot up from
48 thousand to 58 thousand
Developments & New products
• Successful Sales campaigns 100%
MORE
• Mobile banking in a box
• Offline ATM salaries payment
51
53. BancABC Full Year Financial Results 2011
Zimbabwe Highlights
53
Revenue
• Total bank revenue up from
BWP140m to BWP219m,
• Impairment was significantly higher
due to increase in loan book
Loans & deposits
• Loan book up by 132% from
BWP895m to BWP2bn
• Retail Loan book up 5 fold to
BWP378 m
• Deposits up by 158% to BWP2bn,
exceeding market growth of 35%.
Operational Statistics
• Staff numbers increased from 193
to 353
• Branches increased from 6 to 16
and No of ATMs rose from 13 to 21
• Increase in retail customers from
8,800 in 2010 to 34,700 in 2011
Developments and new products
• Group loan schemes
• Mortgage loans and VAF
• SMS banking launched
• Internet /POS acquiring and VISA
prepaid card at advanced stage
53
55. BancABC Full Year Financial Results 2011
Strategy and Outlook
DOUGLAS MUNATSI
56. BancABC Full Year Financial Results 2011
Short to medium term objectives
Rights issue of US$50 million underway;
The rights issue to be fully underwritten by ADC;
To recapitalize all banking operations;
Branches to increase to 71 by end of 2012;
Balance sheet is sound and positions group well for growth in 2012
and beyond
56
57. BancABC Full Year Financial Results 2011
Dividend declaration
57
As per Group Policy, a dividend of 10.5 thebe (1.4
US cent) per share to be paid on 4 May 2012 to
shareholders on register on 13 April 2012
Total dividend for the year will be 17.5 thebe
(2010: 10 thebe) which is approximately 2.4 US
cents (2010: 1.5 US cent)
58. BancABC Full Year Financial Results 2011
ABCH Comparative Prices - ZSE vs. BSE
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0 Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Pula
ABCH ZSE
ZSE Discount(-)/ Premium(+) vs. BSE
ABCH BSE
58