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 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.
- 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.
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.
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.
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 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%.
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 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 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.
- 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.
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.
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.
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 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%.
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 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.
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 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 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.
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.
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
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 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.
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
- 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 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%.
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 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.
Hyundai Capital Services reported its 1H16 earnings. Total assets grew 3.2% to KRW 25.3 trillion driven by new car and mortgage financing. Net income increased 32.6% to KRW 227.5 billion due to operating income growth and stable profits from overseas subsidiaries. Asset quality improved with delinquency rates falling to 1.9% and coverage ratios rising to 126.3% as the portfolio shifted toward lower risk auto loans. Liquidity and funding remained strong with a 134.1% ALM ratio and 75.1% of funding from bonds.
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.
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 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.
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.
- Hyundai Card Co., Ltd. and its subsidiaries released their condensed consolidated financial statements for the periods ending March 31, 2016 and December 31, 2015.
- The financial statements showed total assets of KRW 13.24 trillion as of March 31, 2016, total liabilities of KRW 10.70 trillion, and total shareholders' equity of KRW 2.54 trillion.
- For the three months ended March 31, 2016, Hyundai Card reported net income of KRW 53.58 billion and total comprehensive income of KRW 48.03 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 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.
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 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 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.
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.
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
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 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.
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
- 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 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%.
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 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.
Hyundai Capital Services reported its 1H16 earnings. Total assets grew 3.2% to KRW 25.3 trillion driven by new car and mortgage financing. Net income increased 32.6% to KRW 227.5 billion due to operating income growth and stable profits from overseas subsidiaries. Asset quality improved with delinquency rates falling to 1.9% and coverage ratios rising to 126.3% as the portfolio shifted toward lower risk auto loans. Liquidity and funding remained strong with a 134.1% ALM ratio and 75.1% of funding from bonds.
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.
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 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.
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.
- Hyundai Card Co., Ltd. and its subsidiaries released their condensed consolidated financial statements for the periods ending March 31, 2016 and December 31, 2015.
- The financial statements showed total assets of KRW 13.24 trillion as of March 31, 2016, total liabilities of KRW 10.70 trillion, and total shareholders' equity of KRW 2.54 trillion.
- For the three months ended March 31, 2016, Hyundai Card reported net income of KRW 53.58 billion and total comprehensive income of KRW 48.03 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 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.
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 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 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 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 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 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.
- 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
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.
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.
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
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%.
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
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
SEGRO reported its 2020 half year results, with further earnings and net asset value (NAV) growth despite the COVID-19 pandemic. Net rental income increased 6.3% and adjusted earnings per share grew 2.5%, while adjusted NAV per share rose 2.6%. Occupancy remained high and rent collections were resilient. Structural trends in e-commerce and supply chain optimization accelerated, driving continued strong occupier demand. SEGRO is well positioned for further growth with a robust balance sheet and momentum in developments and investment entering the second half of the year.
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 company reported strong interim results for H1 2015, with adjusted operating profit up 16% and adjusted earnings per share up 19%.
- Banking continued to perform well, with adjusted operating profit up 19% driven by loan book growth and lower bad debts.
- Securities adjusted operating profit was down 23% due to difficult market conditions and lower trading volumes.
- Asset Management saw steady progress with adjusted operating profit up 59% and assets under management growing 5%.
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.
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.
The document provides an analyst briefing on the financial results for the first 9 months (9MFY) of fiscal year 2015 for Alliance Financial Group.
Key points include:
- Net profit after tax grew 7.9% year-on-year to RM437.5 million, including the impact of some non-recurring income and expenses. Excluding one-offs, net profit grew 4.7% to RM418.5 million.
- Net interest income increased 9.8% to RM634.5 million driven by 16.7% loan growth, faster than the industry. Non-interest income was relatively flat excluding some one-off items in both periods.
- Key financial ratios remained stable
3Q 2016 Unconsolidated Earnings Presentation Garanti Bank
This document summarizes the 9M16 financial results of BRSA Bank. Key highlights include:
- Net income of TL3.9 billion, a 58% increase YoY, with ROAE of 16.0% and ROAA of 2.0%.
- Core operating income grew 44% YoY, driven by a 19% increase in NII and 6% increase in net fees and commissions.
- NPL ratio remained below sector average at 3.1% with strong specific coverage of 80%. Total cost of risk was 98bps.
- Capital levels strengthened further with CET1 ratio at 15.4%.
Mediobanca reported solid results for the first quarter of fiscal year 2016, with revenues in line with previous best quarters and a 53% increase in net profit to €244 million. Asset quality continued to improve with non-performing loans decreasing 2% and the CET1 ratio increasing 50 basis points to 12.5%. Looking ahead, Mediobanca expects continued growth driven by its retail and consumer banking divisions while corporate and investment banking transitions to an event-driven model focused on higher returns.
ING Vyasa Bank Q2FY14 Result: Maintain neutralIndiaNotes.com
ING Vysya Bank’s (VYSB) 2QFY15 PAT was 9% above estimate at INR1.8b (+2% YoY) led by better-than-expected NIM (+10bp) and lower provisioning. Reported NIM improved 17bp QoQ to 3.54%. However, adjusted for interest reversal on account of stressed accounts in 1QFY15, NIM was stable QoQ at 3.54%.
- The document provides preliminary financial results for FY 2015, including a 16% increase in adjusted operating profit to £225 million and a 19% rise in adjusted earnings per share to 120.5p.
- The banking division saw a 15% increase in adjusted operating profit to £208.7 million, with an 8.5% rise in its loan book. Securities delivered a resilient performance with adjusted operating profit of £24.6 million.
- Asset management continued its good progress with adjusted operating profit up 80% to £17.8 million, driven by higher investment management income.
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 is Banco PINE's 3Q09 earnings release which highlights the following:
- Loan portfolio and deposits expanded in 3Q09 as the economic scenario gradually improved. Non-performing loans declined 40 bps.
- Operating income increased 9.1% in 3Q09 driven by growth in the corporate loan portfolio and total deposits. Financial margin was impacted by deleveraging and lower interest rates but would be 80 bps higher excluding early payroll loan repayments.
- Loan portfolio quality remains high with 96.8% of loans rated AA-C in September. The coverage ratio of non-performing loans was 100.2%.
- Capital adequacy ratio was a comfortable
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.
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.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...mayaclinic18
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
4. Financial Highlights
4 BancABC Half Year Financial Results 2011
Total income increased
by 24 % to BWP311
million
Cost to income ratio
down to 72% from
77% in prior year
Operating expenses up
by 18%
Operating profit
increased by 48% to
BWP67 million
Pre-tax profit up by
84% to BWP63 million
Attributable profit to
shareholders increased
by 33% to BWP37
million
Basic earnings per
share improved by
33% to 25.9 thebe
from 19.5 thebe in
2010
5. Financial Highlights (cont’d)
5 BancABC Half Year Financial Results 2011
Balance sheet grew
by 23% from BWP6
billion in Dec 2010 to
BWP7.4 billion
(US$1.1 billion)
Loans and advances
increased by 31%
from BWP3.1 billion
in Dec 2010 to BWP4
billion
Customer deposits
grew by 23% from
BWP4.9 billion in Dec
2010 to BWP6 billion
Net asset value per
share up from
BWP2.87 to BWP3.09
Return on average
equity was 17%
compared to 14% in
2010
6. Operational Highlights
6 BancABC Half Year Financial Results 2011
Total retail branches
increased to 21 as
of now compared to
13 in June 2010
US $50 million line
of credit approved
by Afrexim board
Draw-down of IFC
convertible loan of
US$13.5m on 13th
May 2011
NPLs down from
9.4% in June 2010
to 5.5%
8. BancABC Half Year Financial Results 20118
Economic Overview
Multi-speed global economic recovery continuing amid
increasing risks
Increased Inflation
High oil &
food prices
Rising
demand
pressures
9. BancABC Half Year Financial Results 2011
Economic Overview
9
Multi-speed global economic recovery continuing amid
increasing risks
Negative Surprises
Devastating
earthquake &
Tsunami in Japan
Unrest in the
MENA region –
war in Libya
Debt crisis in
Eurozone & US
10. BancABC Half Year Financial Results 201110
Economic Overview
Multi-speed global economic recovery continuing amid
increasing risks
•Economic growth somewhat
subdued
•Unemployment remains high
•Worries over debt sustainability &
contagion effect
11. BancABC Half Year Financial Results 201111
Economic Overview
Multi-speed global economic recovery continuing amid
increasing risks
•Capital inflows have been strong
•Currencies have appreciated
•Strong signs of overheating
12. BancABC Half Year Financial Results 201112
Economic Overview
Multi-speed global economic recovery continuing amid
increasing risks
•Economic growth has been strong
•High commodity prices a boon to
regional countries
•Inflation pressures building
13. BancABC Half Year Financial Results 2011
Looming Financial Crisis due to Identical
US - EU Debt Challenges
13
Economic Overview
US was downgraded by S&P from a top-notch
AAA rating to AA+
Fears of Eurozone debt crisis Spreading to Italy
& Spain – threat stability of €
Market jittery resulting in sell-off of risky assets
Investors have been seeking refuge in safe
havens – Gold, Swiss Franc, etc..
Developments similar to the start of the 2008-
2009 credit crisis
14. BancABC Half Year Financial Results 201114
Economic Overview
GDP Growth by Region
3.4
1.1
0.4
3.9
8.4
4.8
-2
0
2
4
6
8
10
09 10 11 12 09 10 11 12 09 10 11 12 09 10 11 12 09 10 11 12 09 10 11 12
Advanced
Economies
Euro
Area
MENA
Developing
Asia
SSAGlobal
Economy
Economic
growth
uneven across
regions
16. BancABC Half Year Financial Results 201116
Economic Growth (%) & Size (USD m)
Economic growth from crisis induced slowdown is underway
Growth in most countries is fairly close to high levels of the mid-2000s
Botswana
15,644
Tanzania
23,739
Uganda
16,386
Kenya
35,787
Zambia
18,298
Mozambique
10,232
Zimbabwe
8,998
Malawi
5,637
Namibia
13,471
2
4
6
8
10
4 5 6 7 8 9
GDPGrowth2011(%)
GDP Growth 2010 (%)
Bubble Size= GDP Size in US$ m
20. BancABC Half Year Financial Results 201120
Exchange Rate Movement vs. USD
Ex Rate vs USD: Appreciation (-) & Depreciation (+)
Appreciation vs USD Depreciation vs USD
-16 -12 -8 -4 0 4 8 12 16
BWP
ZAR
MZN
TZS
ZMK
-7.5
-11.2
-16.9
14.7
-6.1
%
YoY: Jun-10 to Jun-11
On annual basis the
following currencies
appreciated vs USD:
•MZN: 16.9%
•ZAR: 11.2%
•BWP: 7.5%
•ZMK: 6.1%
TZS depreciated vs USD
by 14.7%
Continued weakening of
TZS a major cause of
concern – imported
inflation
21. BancABC Half Year Financial Results 201121
Exch. Rates Movement vs. Pula
DepreciationAppreciation
Jun-10 to Jun-11
85
90
95
100
105
110
115
120
125
130
EXRateIndex,Jun-10=100
24
7.5
-10.1
ZAR/BWP
MZN Appreciated
by 10% vs. BWP
TZS Depreciated
by 24% vs. BWP
22. BancABC Half Year Financial Results 201122
Banking Sector Status as of Apr-11
8,181
5,312
8,976
4,957
3,716
6,516
3,718
6,283
3,470
2,601
3,627
2,997
4,162
1,946
2,097
40
50
60
70
80
90
100
4 7 10 13 16 19 22 25 28 31 34 37 40
Loans/DepositRatio,%
Number of Banks
Assets Deposits Loans
Tanzania
Zimbabwe
Zambia
Mozambique
Botswana
Bubble Size in US$ m
24. BancABC Half Year Financial Results 2011
Income Statement
24
BWP’000s H1-2011 % ∆ H1-2010 FY-2010
Net interest income 191,354 30% 146,815 297,845
Impairment of loans &
advances (25,821) -52% (16,996) (15,826)
Net interest income
after impairments 165,533 28% 129,819 282,019
Non interest income 145,678 20% 121,622 264,288
Total income 311,211 24% 251,441 546,307
Operating expenditure (244,025) -18% (205,967) (435,093)
Net income from
operations 67,186 48% 45,474 111,214
Share of (loss)/profits
of associates (4,547) 60% (11,479) (20,134)
Profit before tax 62,639 84% 33,995 91,080
Tax (23,529) -347% (5,269) (22,495)
Profit for the year 39,110 36% 28,726 68,585
Attributable to:
- Ordinary shareholders 37,242 33% 28,076 66,710
- Minorities 1,868 187% 650 1,875
Basic EPS 25.9 33% 19.5 46.3
Diluted EPS 24.6 26% 19.5 46.3
Performance primarily
driven by growth in net
interest income and non-
interest income
Impairments up due to loan
growth and downgrading of
security in Tanzania
Opex increased in line with
increased span of activity
However, cost to income
ratio down from 77% in
2010 to 72%
25. BancABC Half Year Financial Results 2011
Income Statement (USD)
25
USD’000s H1-2011 % ∆ H1-2010 FY-2010
Net interest income 29,172 37% 21,241 43,873
Impairment of loans &
advances (3,936) -60% (2,459) (2,331)
Net interest income
after impairments 25,236 34% 18,782 41,542
Non interest income 22,208 26% 17,597 38,930
Total income 47,444 30% 36,379 80,472
Operating expenditure (37,201) -25% (29,800) (64,089)
Net income from
operations 10,243 56% 6,579 16,383
Share of (loss)/profits
of associates (693) 58% (1,661) (2,966)
Profit before tax 9,550 945 4,918 13,417
Tax (3,587) -371% (762) (3,314)
Profit for the year 5,963 43% 4,156 10,103
Attributable to:
- Ordinary shareholders 5,678 40% 4,062 9,827
- Minorities 285 203% 94 276
Basic EPS 3.9 39% 2.8 6.8
Diluted EPS 3.7 32% 2.8 6.8
Performance primarily driven
by growth in net interest
income and non-interest
income
Impairments up due to loan
growth and continued
impairment of security for
NPLs in Tanzania
Opex increased in line with
increased span of activity
However, cost to income ratio
down from 77% in 2010 to
72%
26. BancABC Half Year Financial Results 2011
Attributable Profit Trends
26
Improvement in sustainable
earnings (NII, fees and
commissions)
Current period profitability
driven by:
• Higher net interest income from
better margins and higher asset
base
• Higher transactional and bond
trading income
Profitability was negated
by:
• Lower trading income in Zambia
and Mozambique
• Higher effective tax rate compared
to prior year
29. BancABC Half Year Financial Results 2011
Income Statement – Segmental Analysis
29
Total Income (BWP’000)
Jun-2011 Jun-2010
%
change Dec-2010
BancABC Botswana 48,460 38,296 27% 84,964
BancABC Mozambique 43,171 48,797 -12% 83,967
BancABC Tanzania 45,376 31,351 45% 67,855
BancABC Zambia 45,248 40,634 11% 91,564
BancABC Zimbabwe 112,478 59,484 89% 140,449
Banking operations 294,733 218,562 35% 468,799
Head office entities 16,478 32,879 -50% 77,508
TOTAL 311,211 251,441 24% 546,307
Strong growth in income other than for Mozambique and head office
entities
30. BancABC Half Year Financial Results 2011
Income Statement – Segmental Analysis
30
Total Income (BWP’000)
Wholesale Retail
Jun-2011 Jun-2010 Jun-2011 Jun-2010
BancABC Botswana 46,003 38,296 2,457 -
BancABC Mozambique 39,843 48,163 3,328 634
BancABC Tanzania 43,860 31,351 1,516 -
BancABC Zambia 41,578 40,634 3,670 -
BancABC Zimbabwe 88,029 53,868 24,449 5,616
Banking operations 259,313 212,312 35,420 6,250
Head office entities 16,478 32,879 - -
TOTAL 275,791 245,191 35,420 6,250
Income growth from both the retail and wholesale lines of business
31. BancABC Half Year Financial Results 2011
Income Statement – Net Interest Income
31
Positive trend in net interest income
driven by better liquidity and
increased balance sheet size
Slight reduction in net interest
margins although still high at
6.5%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
-
50,000
100,000
150,000
200,000
250,000
Jun-07 Jun-08 Jun-09 Jun-10 Jun-11
BWP'000
Net interest margin
Net int BWP'000 NIM before impairments NIM after impairments
32. BancABC Half Year Financial Results 2011
Net interest margins by entity
32
Net Interest Margin Before Impairments Net Interest Margin After Impairments
33. BancABC Half Year Financial Results 2011
Income Statement – Segmental Analysis
33
Net Interest Income (BWP’000)
Jun-2011 Jun-2010
%
change Dec-2010
BancABC Botswana 29,870 23,076 29% 51,452
BancABC Mozambique 20,467 15,575 31% 29,057
BancABC Tanzania 24,577 22,416 10% 48,038
BancABC Zambia 38,064 32,512 17% 67,331
BancABC Zimbabwe 65,350 18,015 263% 57,443
Banking operations 178,328 111,594 60% 253,321
Head office entities 13,026 35,221 -63% 44,524
TOTAL 191,354 146,815 30% 297,845
Strong growth in NII other than from head office entities
34. BancABC Half Year Financial Results 2011
Income Statement – Impairments & NPLs
34
Impairment and credit
loss ratios declined due to
improved credit risk
management processes
Tanzania net NPLs down
to 1.3% from 5.3% in
prior year due to increase
in provisions
Zimbabwe impairments
increased from an
increased book
Net NPLs now 1.9% from
2.9% in prior year
35. BancABC Half Year Financial Results 2011
Income Statement – Non-Interest Income
35
Substantial growth in fees and commissions as customer transactions increased
Bond trading income also increased, but trading income down in Mozambique and Zambia
Zimbabwe and Tanzania were main contributors to growth in non-interest income
36. BancABC Half Year Financial Results 2011
Income Statement – Cost to Income Ratio
36
Costs increased 18% YoY due to Retail banking expansion
However, growth in revenues more than increase in costs. Cost to income ratio is now trending downwards
Staff cost were BWP125 million (H1 10: BWP113 million)
37. BancABC Half Year Financial Results 2011
Income Statement – Opex by entity
37
38. BancABC Half Year Financial Results 2011
Income Statement – Segmental Analysis
38
Operating expenses (BWP’000)
Wholesale Retail
Jun-2011 Jun-2010 Jun-2011 Jun-2010
BancABC Botswana 26,388 21,536 10,425 3,429
BancABC Mozambique 21,266 21,901 11,678 7,375
BancABC Tanzania 25,157 18,770 5,055 3,613
BancABC Zambia 36,158 31,388 2,889 1,699
BancABC Zimbabwe 44,520 43,950 17,293 5,369
Banking operations 153,489 137,545 47,340 21,485
Head office entities 39,402 41,638 3,794 5,299
TOTAL 192,891 179,183 51,134 26,784
Growth in costs mostly driven by expansion into the retail and SME
market segment
39. BancABC Half Year Financial Results 2011
Balance Sheet
39
BWP '000s Jun 2011 Jun 2010 % change Dec 2010
Cash and short term funds 1,356,617 717,669 89% 999,338
Financial assets held for trading 1,030,839 1,423,014 -28% 1,117,827
Financial assets designated at fair value 84,135 4,133 >100% 79,139
Loans and advances 4,018,987 2,341,744 72% 3,078,110
Property and equipment 392,799 302,612 30% 330,218
Other assets 481,861 332,351 45% 406,809
TOTAL ASSETS 7,365,238 5,121,523 44% 6,011,441
Deposits 6,004,301 4,132,382 45% 4,907,045
Borrowed funds 682,839 471,634 45% 579,420
Other liabilities 208,610 81,101 157% 87,116
Total liabilities 6,895,750 4,685,117 47% 5,573,581
Equity attributable to ordinary shareholders 453,116 420,189 8% 422,337
Minority interest 16,372 16,217 1% 15,523
Total equity 469,488 436,406 8% 437,860
TOTAL EQUITY AND LIABILITIES 7,365,238 5,121,523 44% 6,011,441
40. BancABC Half Year Financial Results 2011
Balance Sheet (USD)
40
USD '000s Jun 2011 Jun 2010
%
change Dec 2010
Cash and short term funds 207,562 101,514 104% 154,997
Financial assets held for trading 157,707 201,285 -22% 173,375
Financial assets designated at fair value 12,884 585 >100% 12,274
Loans and advances 614,905 331,240 86% 477,415
Property and equipment 60,098 42,805 40% 51,217
Other assets 73,725 47,012 57% 63,097
TOTAL ASSETS 1,126,881 724,441 56% 932,375
Deposits 918,658 584,525 57% 761,083
Borrowed funds 104,474 66,713 57% 89,868
Other liabilities 31,917 11,473 178% 13,512
Total liabilities 1,055,049 662,711 59% 864,463
Equity attributable to ordinary shareholders 69,327 59,436 17% 65,504
Minority interest 2,505 2,294 9% 2,408
Total equity 71,832 61,730 16% 67,912
TOTAL EQUITY AND LIABILITIES 1,126,881 724,441 56% 932,375
41. BancABC Half Year Financial Results 2011
Balance Sheet – Overview
41
23% growth in balance
sheet during the last six
months from BWP6bn to
BWP7.4bn
Deposits up 23% during
the last six months
• Growth across all the markets
• Significant growth from
BancABC Zimbabwe
Loans and advances up
31% during the period
• Significant growth in
Zimbabwe
• Quality of the book has
improved - NPL ratio declined
42. BancABC Half Year Financial Results 2011
Balance Sheet – Loans and Advances
42
BancABC Zimbabwe is largest
contributor to Group’s loan
book
Growth experienced in all
markets other than Tanzania
43. BancABC Half Year Financial Results 2011
Balance Sheet – Segmental Analysis
43
Loans and advances (BWP’000)
Wholesale Retail
Jun-2011 Jun-2010 Jun-2011 Jun-2010
BancABC Botswana 825,315 663,344 14,490 -
BancABC Mozambique 500,338 356,580 40,478 3,621
BancABC Tanzania 418,976 475,622 22,277 899
BancABC Zambia 223,709 252,215 62,285 -
BancABC Zimbabwe 1,354,846 325,234 145,817 21,773
Banking operations 3,323,184 2,072,995 285,347 26,293
Head office entities 410,456 242,456 - -
TOTAL 3,733,640 2,315,451 285,347 26,293
Retail contribution has significantly grown in the last 12 months
44. BancABC Half Year Financial Results 2011
Balance Sheet – Deposits
44
Growth in deposits
experienced across the
footprint
Funds raised predominantly
used to fund loans & advances
and short-term placements
Botswana still largest
contributor to Group deposits
Zimbabwe has second largest
contribution
46. BancABC Half Year Financial Results 2011
Balance Sheet – Capital Adequacy
46
Total Equity (BWP m) Capital Adequacy Ratio
Subsidiary 2011 2010 Min 2011 2010
BancABC Botswana 173 166 15% 20% 22%
BancABC Mozambique 177 135 8% 22% 18%
BancABC Tanzania 132 133 12% 15% 14%
BancABC Zambia 89 83 10% 21% 30%
BancABC Zimbabwe 216 113 10% 15% 14%
All entities are adequately capitalised
47. BancABC Half Year Financial Results 2011
OPERATIONAL OVERVIEW
Francis Dzanya
47
48. BancABC Half Year Financial Results 2011
Operations Summary
› 21 Retail branches as of now
› Staff compliment now
48
Botswana Mozambique Tanzania Zambia Zimbabwe
Square
Fairgrounds
Francistown
Maputo
Beira
Matola
Tete
Chimoio
Upanga
Kariako
Sinza (agency)
Pyramid Plaza
Lumumba
Kitwe
Ndola
Mount Pleasant
Heritage
Abercorn
Mutare
Chiredzi
Kwekwe
ABCH Group
736 Employees
Botswana
BancABC
Botswana
118 Employees
Mozambique
BancABC
Mozambique
103 Employees
Tanzania
BancABC
Tanzania
92 Employees
Zambia
BancABC
Zambia
152 Employees
Zimbabwe
BancABC
Zimbabwe
219 Employees
South Africa
100% 100% 94% 100% 100%
BancABC South
Africa
52 Employees
100%
49. BancABC Half Year Financial Results 201149
Operations Summary
Retail rollout continuing with a
target of at least 30 branches by
year-end for the Group
• Technology has been a challenge slowing
down implementation
• Issues being addressed and rollout of key
functionality to continue
In-roads made into the
wholesale market in all markets
and microfinance in Zambia
Significant reduction in
Microfin rates following
introduction of 48 months
loans
50. BancABC Half Year Financial Results 2011
Operations Overview – Head Count
50
Total head count in 2011 of 736 vs 612 in June 2010
Growth in staff numbers in last 12 months due to retail expansion
51. Botswana Highlights
51 BancABC Full Year Financial Results 2010
• Revenue increased significantly by
27%:
• Net interest income up 29% -
stable margins and increased
interest earning assets
• Non-interest income up 18% -
higher transaction and trading
income
• Opex up 47% from increased activity
around retail expansion
• Tax optimisation measures reduced
overall tax bill shielding impact of
higher costs on profitability
PAT flat at
BWP11 million
• Customer deposits increased 1%
since Dec 2010 to BWP2 billion;
• loans and advances increased 6%
since Dec 2010 to BWP0.8 billion
Balance sheet
increased 9%
52. BancABC Half Year Financial Results 2011
Mozambique Highlights
52
• Total income down 12%:
• Net interest income up 31% -
improved margins and
increased interest earning
assets
• However, non-interest income
down 27% - lower foreign
exchange trading income due
to lower margins and volumes
• Opex up 13% from increased
activity around retail expansion
PAT of BWP8m,
41% lower than
prior year
• Deposits up 17% since Dec 2010
to BWP1 billion
• Loans and advances increased by
27% since Dec 2010 to BWP0.5
billion
Total Balance
Sheet up 24%
53. BancABC Half Year Financial Results 2011
Tanzania Highlights
53
• Net interest income up 10%
owing to higher balance sheet
• Non-interest income increased by
72% - bond trading income major
driver of growth
• However, impairments up 17% to
BWP11.5 million
• Total income therefore only 45%
ahead of prior year
• Opex increased by 35% -
expansion into Retail and SME
segment
Attributable profit of
BWP10 million, 69%
ahead of prior year
• Deposits up 24% since Dec 2010
to BWP1 billion
• Loan book declined 1% since Dec
2010 to BWP0.4 billion – efforts
focused more into stabilisation of
book to control NPLs
• Funds raised mostly invested in
money market investments
Balance sheet
remained highly
liquid and grew by
19% since Dec 2010
54. BancABC Half Year Financial Results 2011
Zambia Highlights
54
• Total income up 11% driven
primarily by growth in the
microfinance net interest income
• NII increased by 17% - growth
driven by introduction of new
microfinance products and
restructuring of the existing ones
• Wholesale banking division
business growth subdued
• Opex increased 18% from retail
footprint expansion
PAT of BWP6 million
down 18% from
prior year
• Deposits increased 56% since
Dec 2010 to BWP0.4 billion on
back of improved market
confidence in the bank
• Loan book grew in the
microfinance division but was
down on wholesale – overall
growth 23% since Dec 2010 to
BWP0.3 billion
Balance sheet now
more liquid
55. BancABC Half Year Financial Results 2011
Zimbabwe Highlights
55
• Net interest income grew 3.5 times on back of similar
growth in loans and advances
• Non-interest income up 29% from increased
transactions
• Portfolio impairments up from BWP1 million to BWP8
million in the current period – loan book growth
• Opex increased 25% due to continued expansion into
the retail space
• Deposits increased 57% since Dec 2010 to BWP1.7
billion
• Loans and advances increased 68% since Dec 2010 to
BWP1.5 billion
PAT up 5 fold to BWP38 million
Balance sheet continues growing
significantly
56. BancABC Half Year Financial Results 2011
Zimbabwe: Share of Loans by
Banking Institution
56
22-
Smaller
Banks
49%
CBZ 26%
SCB 8%
Stanbic
8%
BBZ 2%
ABC 7%
5-Largest
Banks
51%
Share of Loans as of Jun-10
22-
Smaller
Banks
52%
CBZ 25%
SCB 6%
Stanbic
5%
BBZ 2%
ABC 10%
5-Largest
Banks
47%
Share of Loans as of Jun-11
57. BancABC Half Year Financial Results 2011
Zimbabwe: Share of Deposit as of Jun-10
57
22- Smaller
Banks
44%
CBZ
21%
SCB
10%
Stanbic
12%
BBZ
7%
ABC
6%
5-Largest Banks
56%
58. BancABC Half Year Financial Results 201158
Zimbabwe: Share of Deposit as of Jun-11
22- Smaller
Banks
40%
CBZ 22%
SCB 8%
Stanbic 11%
BBZ 6%
ABC 11%
5-Largest Banks
59%
59. BancABC Half Year Financial Results 2011
Zimbabwe: Banks’ Capitalization
Status as of 30 June 2011
59
1.0
2.8
13.4
13.6
13.7
16.6
18.2
18.3
18.5
18.5
21.8
30.1
31.0
32.0
44.3
51.6
CBZStanchart
Barclays
Stanbic
BancABC
ZBFBC
NMB
Interfin
Metbank
Agribank
MBCA
Trust
Kingdom
TN
Royal
60. BancABC Half Year Financial Results 2011
STRATEGY AND OUTLOOK
Francis Dzanya
61. BancABC Half Year Financial Results 2011
Short to medium term objectives
61
Grow the microfinance
book in Zambia
Open additional
branches across the
footprint
Additional capital
required in all
subsidiaries, but
BancABC Zimbabwe
and BancABC Tanzania
are priority
Private placement route
to raise additional tier I
capital being explored
62. BancABC Half Year Financial Results 2011
Dividend declaration
62
As per Group dividend policy, an interim gross
dividend of 6.8 thebe per share to be paid out on
16th September 2011 to shareholders on register on
2nd September 2011
63. Outlook
63 BancABC Full Year Financial Results 2010
Short-term prognosis
points to a tough banking
environment
• Sovereign debt problems in EU
and US
• Increasing competition
However, countries we
operate in relatively
stable politically and
economically
These markets are
growing and new
opportunities exist
Medium term outlook
positive for Group