ABC Holdings Limited Audited Group Results for the year ended 31 December 2012

ABC Holdings Limited Audited Group Results

for the year ended31 December 2012

26 March 2013

BancABC Full Year Financial Results 2012 2

- Highlights- Economic review- Operational overview- Financial review- Strategy and outlook

Agenda


Douglas Munatsi

Highlights


Financial highlights

BWP Dec-12 Dec-11 ∆ TrendAttributable Profits 132.8m 83.0m +60%Dividend Per Share 0.16 0.175 -9%No of shares in issue 232.8m 149.5m +56%

NAV Per Share 4.88 3.99 +22%

● Strong underlying Group performance● Improving capital base and NAV per share● Successfully raised BWP364 million by way of rights

issue in July 2012



● Growth in profitability from increased business volume

● Retail expansion● Cost to income ratio down due to higher revenues

BWP Dec-12 Dec-11 ∆ TrendPBT 212.3m 107.7m + 97%PAT 135.2m 87.7m +54%ROE 15.3% 16.3% -1.0%Cost To Income

71% 74% -3.0%

EPS 72.1 thebe 56.6 thebe +27%



● Strong growth in volumes across the board● Diversification into retail lending● Successful rights issue in July 2012

BWP Dec-12 Dec-11 ∆ TrendTotal Assets 13.4 billion 9.2 billion +46%Loans & Advances

9.1 billion 6.1 billion +50%

Deposits 10.7 billion 7.4 billion +45%Total Equity 1.1 billion 0.6 billion +89%


Operational highlights

Total retail branches

increased from 49 in Dec-11 to 61 in

Dec-12

Total retail customer numbers

increased by 131% from

101,922 in Dec-11 to 235,070 in Dec-

12

NPLs at 9.2% from 6.6% in prior year, credit loss ratio at 1.8% compared to

1.7% in 2011


Douglas Munatsi

Economic overview

BancABC Full Year Financial Results 2012

Global economic development

Global GDP growth to reach 3½% in 2013, up from 3¼%

Coordinated policy actions reduced acute crisis risks in the Euro area and the US.

Emerging economies recovery being led by China, India & Brazil. Growth is returning to healthy levels


GDP growth in selected leading economies

-1.0

1.0

3.0

5.0

7.0

9.0

11.01.8

3.1

1.7

-0.6

0.9

4.3

9.3

7.9

2.7

3.5

3.9

2.3

0.9

0.2

2

-0.2

3.6

7.8

4.5

1

2.3

3.2

2.0

0.6 0.3

1.2 1.0

3.7

8.2

5.9

3.5

2.8

3.5

% 2011 2012 2013

10


Risks to global economy

Global Econom

yRenewed Euro

Area Stress

US Severe Fiscal Stand-off

Egypt renewed economic/Politi

cal deterioration Japan

escalation of tensions with China over

islands

Oil price instability

11


Economic growth in selected African countries

0

2

4

6

8

10

3.9 4.

4

4.3 4.

9

6.4

5.1

7.1

6.6

9.4

3.5

5.3

6.8

5.1

4.3

4

6.5

3.8

7.5

6.5

4.4

2.3

4.85.

5 5.6 5.7

4.1

6.8

4.1

8.4

8.3

5.0

2.8

5.8

2011 20122013%

12


Economic growth in selected African economies

Economic growth in SSA to improve to 5.8% in 2013 compared to 4.8% in 2012

Most countries in SSA vulnerable to any global downturn

Strong growth in ABC markets although Zim slowed down from near double digit level in 2011

13


Inflation developments in selected markets in 2012

Low inflation environment in Zimbabwe & MozambiqueDouble digit YoY inflation level in Tanzania

Above target inflation in Botswana & South Africa

Inflation breached 7% mark in Dec-12 in Zambia

7.6

2.6

16.1

6.6

3.7

5.7

0

4

8

12

16

20

Inflation

Avg Inflation

Botswana Mozamb Tanzania Zambia Zimbabwe SA

14


Monetary policy rates

PolicyRate %Dec-11

Policy Rate %Dec-12

% Change

Comment

Botswana(Bank Rate) 9.5 9.5 0.0 Policy rate fixed at 9.5% since Dec-10

Mozambique( Overnight Rate) 15.0 9.5 -5.50 Policy easing cycle – interest rate

lowered 5-times during 2012

Tanzania(91-dy TB Rate) 12.61 11.89 -0.72 TB Rate was broadly stable indicating

neutral policy stance

Zambia(BoZ Policy Rate) 9.0 9.25 +0.25

New BoZ rate introduced in Apr-12 BoZ rate increased so as to combat inflation

Zimbabwe(91-dy TB Rate) ---- 8.51 ---- Maiden TB issued in Oct-12

Low uptake due to tight liquidity

15


Lending and deposit interest rates

4

6

8

10

12

4

6

8

10

12

Dec-

09

Apr-

10Au

g-10

Dec-

10Ap

r-11

Aug-

11

Dec-

11Ap

r-12

Aug-

12De

c-12

Botswana

Prime Lending

Deposit Rate

8

10

12

14

16

18

20

8

10

12

14

16

18

20

Dec-

09Ap

r-10

Aug-

10De

c-10

Apr-

11Au

g-11

Dec-

11

Apr-

12Au

g-12

Dec-

12

Mozambique

Prime Lending

16



6

8

10

12

14

16

6

8

10

12

14

16

Dec-

09Ap

r-10

Aug-

10De

c-10

Apr-1

1Au

g-11

Dec-

11Ap

r-12

Aug-

12De

c-12

Tanzania

Prime Lending

Deposit Rate6

10

14

18

22

6

10

14

18

22

Dec-

09Ap

r-10

Aug-

10De

c-10

Apr-1

1Au

g-11

Dec-

11Ap

r-12

Aug-

12De

c-12

Zambia

Deposit Rate

17



0

5

10

15

20

25

30

35

40

0

5

10

15

20

25

30

35

40

Dec-

10Fe

b-11

Apr-

11Ju

n-11

Aug-

11Oc

t-11

Dec-

11Fe

b-12

Apr-

12Ju

n-12

Aug-

12Oc

t-12

Dec-

12

Zimbabwe

Savings rates

Lend

ing

Rate

s

Quoted lending rates vary widely in Zimbabwe

This is a reflection of different cost structures among banks in mobilising deposits

The Central Bank recently introduced caps and floors on interest rates

18


Exchange rate movement US$ vs. ZAR

ZAR volatility persisted in 2012 influenced by both domestic & global factors In 2013, ZAR broadly trading in the 8.75 – 9.25 range vs. USD

7.2

7.5

7.8

8.1

8.4

8.7

9.0

7.2

7.5

7.8

8.1

8.4

8.7

9.0

Jan

-12

Feb

-12

Mar

-12

Apr-

12M

ay-1

2Ju

n-1

2Ju

l-12

Aug

-12

Sep

-12

Oct-

12No

v-12

Dec-

12Ja

n-1

3

US$/ ZAR

H1 Average

H2 Average

19


Exchange Rate Movement vs. USD

23.6

16.9

-17.5

7.7

6.7

3.7

3.3

9

0.6

-20 -10 0 10 20 30

ZAR

BWP

MZN

TZS

ZMK2012

2011

DepreciationAppreciation

Dec-11 to Dec 12, currencies depreciated vs. USD:o MZN (9%)o ZAR (3.7%)o BWP (3.3%)o ZMK (0.6%)

TZS was broadly stable supported by Central Bank intervention

20


Exchange Rate Movement per Pula

ZMK & TZS appreciated against the BWP over the period Dec-11 to Dec-12 MZN weakened by 5.5% vs. BWP

ZAR has dominant weight in BWP basket of currency

ZAR weakness transmitted to BWP

630

660

690

720

750

780

Dec-

10Fe

b-11

Apr-1

1Ju

n-11

Aug-

11O

ct-1

1De

c-11

Feb-

12Ap

r-12

Jun-

12Au

g-12

Oct

-12

Dec-

12

BWP/ZMK

190200210220230240250

Dec-

10

Feb-

11

Apr-1

1

Jun-

11

Aug-

11

Oct

-11

Dec-

11

Feb-

12

Apr-1

2

Jun-

12

Aug-

12

Oct

-12

Dec-

12

BWP/TZS

3.0

3.5

4.0

4.5

5.0

5.5

Dec-

10Fe

b-11

Apr-1

1Ju

n-11

Aug-

11O

ct-1

1De

c-11

Feb-

12Ap

r-12

Jun-

12Au

g-12

Oct

-12

Dec-

12BWP/MZN


Financial inclusion levels in selected African countries

12%

12%

14%

19%

23%

24%

30%

41%

63%

1%

4%

9%

7%

18%

14%

6%

18%

5%

9%

28%

14%

19%

26%

22%

17%

8%

5%

78%

56%

63%

55%

33%

40%

47%

33%

27%

0% 20% 40% 60% 80% 100%

Mozambique '09

Tanzania '09

Zambia '09

Malawi' 08

Kenya '09

Zimbabwe '11

Nigeria '10

Botswana '09

SA '11

Banked Non-banked formal Informal Only Excluded22


Financial intermediation – Credit to GDP Ratio Lending to

privates sector exceeded 2008/09 pre-crisis levelFinancial intermediation in ABC markets still lags that of middle income countries such as SAMajority of the population remains unbanked

0 20 40 60 80

SA

Zimbabwe

Mozambique

Botswana

Tanzania

Zambia

% of GDP

2012

2009

23


Banking assets and deposits

Exponential market growth across ABCH footprint

Tanzania is the largest market followed by Botswana and Mozambique


Market share

● Growing market share, especially in Botswana and Zimbabwe

● Need to grow to critical mass in other markets as well


Francis Dzanya

Operational overview


BancABC Botswana highlights

• NII: 218% higher• Balance sheet growth –

consumer lending• Non-interest income: up

57% from increased customer transactions

• Loans: up BWP1.7bn to BWP3.4bn

• Payroll deduction loans• NPLs: down from 2.2% in

Dec-11 to 1.2% in Dec-12• Deposits: up BWP1.7bn to

BWP4.3bn

• Consolidation of growth to date

• Consumer lending and home loans

• Increased cross-sell of retail products

• Risk management (credit, liquidity and operational)

Outstanding Performance

Statistics 2011 2012 change

Staff compliment 187 234 +47

Total Branches 4 6 +2

Total Customers 9177 28,735 +19558

Income statement Loans and Deposits Outlook


BancABC Mozambique highlights

Revenue

• NII: +52%• Balance sheet growth• Higher margins• Impairments: up from

BWP5m to BWP18m• Non-interest income: +3%

lower Fx trading income

Loans and Deposits

• Loans: +BWP115m to BWP877m

• Gross NPLs increased from 4.5% to 8.4%

• Deposits: + BWP139m to BWP1.2bn

• Retail roll out – cards, internet banking, group loan schemes

• Manage NPLs• IFC SME Program

Outlook

Below Expectation




Total Customers 4,516 8,125 3,609


BancABC Tanzania highlights

Revenue

• NII: -42% from BWP51m to BWP29m

• High cost of funds and larger NPL book

• Higher impairments• Non Interest Income:

+42% - high bond and Fx trading volumes

Loans and Deposits

• Loans: +BWP174m to BWP573m

• NPLs up from 15% to 33%• Deposits: +BWP87m to

BWP1.bn

• Consumer Lending following acquisition of payroll deduction code

• Increased transactions with small traders association

• Embed rollout of retail products

Outlook

Below Par Performance




Total Customers 1,601 5,979 +4,378


BancABC Zambia highlights

Revenue

• NII: +6% despite cap on interest rates

• Non-interest income: +224% increased transaction volumes

• Growth in consumer loans• Increased trade finance

transactions

Loans and Deposits

• Loans: +BWP0.5bn to BWP1.0bn

• Growth mostly on consumer lending book

• NPLs: down from 4.5% to 3.3% in Dec-12

• Deposits:+ BWP0.3bn to BWP0.8bn

• Consolidate growth and improve funding mix

• Grow deposit base• Continue growing

wholesale business• Embed rollout of retail

products – increase cross-sell

Outlook

Solid Performance




Total Customers 52,512 82,449 +29,937


BancABC Zimbabwe highlights

Revenue

• NII: 87% higher• Balance sheet growth -

group scheme loans• Impairments up 32%• Non-interest income: up

65% from increased customer transactions

Loans and Deposits

• Loans: +BWP1bn to BWP3bn

• Liquidity crunch• NPLs: up from 5.8% in Dec-

11 to 14.2%• Deposits:+ BWP1.1bn to

BWP3.1bn

• Banc Easy Group loan schemes

• Mortgage loans and VAF,• Embed rollout of retail

products – increase cross-sell

• Risk management (credit, liquidity and operational)

Outlook

Robust Performance




Total Customers 34,966 109,782 +74,816


Beki Moyo

Financial review


Income statementBWP'000 Dec-12 % ∆ Dec-11Net interest income 673,034 63% 412,362 Impairment of loans (138,172) -74% (79,537)NII after impairment of loans 534,862 61% 332,825 Non-interest income 551,700 69% 325,984

Total income1,086,56

2 65% 658,809 Operating expenses (868,659) -59% (545,948)Net income from operations 217,903 93% 112,861 Share of loss of associates (5,630) -9% (5,177)Profit before tax 212,273 97% 107,684 Tax (77,108) -286% (19,986)Profit for the year 135,165 54% 87,698 Attributable to: -Ordinary shareholders 132,774 60% 83,002 -Minority interests 2,391 -49% 4,696 Basic EPS (thebe) 72.1 27% 56.6 Diluted EPS (thebe) 66.5 17% 56.6 Dividend per share (thebe) 16.0 -9% 17.5

Strong performance driven by growth in consumer lending in

Botswana, Zambia and Zimbabwe

Higher impairments – growth in loan book and higher NPLs in Tanzania

and Zimbabwe

Expansion generated higher costs, but cost to

income ratio declined

Dividends lower due to increased no of shares


Income statementUSD'000 Dec-12 % ∆ Dec-11Net interest income 88,571 47% 60,329 Impairment of loans (18,183) -56% (11,637)NII after impairment of loans 70,388 45% 48,692 Non-interest income 72,604 52% 47,692 Total income 142,992 48% 96,384 Operating expenses (114,316) -43% (79,873)Net income from operations 28,676 74% 16,511 Share of loss of associates (741) 2% (757)Profit before tax 27,935 77% 15,754 Tax (10,147) -247% (2,924)Profit for the year 17,788 39% 12,830 Attributable to: -Ordinary shareholders 17,473 44% 12,143 -Minority interests 315 -54% 687 Basic EPS (US cents) 9.5 14% 8.3 Diluted EPS (US cents) 8.7 5% 8.3 Dividend per share (US cents) 2.1 -13% 2.4

Strong performance driven by growth in consumer lending in

Botswana, Zambia and Zimbabwe

Higher impairments – growth in loan book and higher NPLs in Tanzania

and Zimbabwe

Expansion generated higher costs, but cost to

income ratio declined

Dividends lower due to increased no of shares


Profitability trends

Growth in core earnings as retail contribution

increases

2009 dip in line with commencement of retail

rollout

ROE marginally down – higher capital base and

loss in Tanzania


Income statement – segmental analysisAttributable profits BWP'000 2012 % Cont 2011 % Cont % changeBotswana 94,434 44% 28,005 20% 237%Mozambique 17,562 8% 28,863 20% -39%Tanzania (38,579) (18%) (3,326) -2% >-100%Zambia 36,004 17% 31,872 23% 13%Zimbabwe 103,351 49% 55,090 39% 88%Banking Operations 212,772 100% 140,504 100% 51%Head office & consolidation adjustments (79,998) (57,502) -39%Total 132,774 83,002 60%

High profit growth in Botswana and Zimbabwe – consumer lending

Zambia growth despite tax charge in current year – prior year tax credit

Challenges in Tanzania and to a lesser extent Mozambique


Income statement – segmental analysis

Total income (exl. impairments) 2012 2011

BWP'000 Wholesale Retail Wholesale Retail

BancABC Botswana 185,858 138,856 114,301 11,040 BancABC Mozambique 138,817 20,796 114,796 11,273 BancABC Tanzania 70,691 12,575 83,517 5,071 BancABC Zambia 61,203 120,299 33,581 69,156 BancABC Zimbabwe 255,610 183,374 186,794 63,480 Banking Operations 712,179 475,900 532,989 160,020 Head Office & Consolidation adjustments 36,655 - 45,337 - Total Income 748,834 475,900 578,326 160,020

● Retail income almost tripled from growth in Botswana and Zimbabwe – retail now contributing 39% (2011: 22%)

● Wholesale income growth, except in Tanzania


Income statement – segmental analysis

● Growth in Botswana, Mozambique and Zimbabwe – higher volumes and better margins

● Zambia – restrictions on interest rate● Tanzania – high cost of funds and higher NPLs

Net interest incomeBWP'000 2012 % change 2011BancABC Botswana 252,338 216% 79,882 BancABC Mozambique 92,492 52% 60,703 BancABC Tanzania 29,391 (42%) 50,673 BancABC Zambia 71,759 4% 68,905 BancABC Zimbabwe 226,974 87% 121,575 Total Banking Operations 672,954 76% 381,738 Head office 80 (100%) 30,624 Total 673,034 63% 412,362


Income statement – net interest income

● Improving margins despite setback in Tanzania● Consumer lending improved margins in Botswana, Zambia

and Zimbabwe● Mozambique had lower cost of funds● NII trending upwards – higher volumes


NPLs and credit losses

● Gross NPL ratio higher at 9.2% (2011: 6.6%) – Tanzania and Zimbabwe

● Net NPLs at 6.1% compared to 3.3% in prior year● Credit loss ratio consequently higher – 1.8% (2011: 1.7%)


Contingent liability

Client granted loan facility in late 2010 for diamonds purchase

Client defaulted and renegotiated facility in 2011. Client defaulted again and settlement agreed at $10.8m in

early 2012

In 2012, client paid $6m of this renegotiated

amount and defaulted on balance

In January 2013, BancABC Zimbabwe

intercepted funds and applied funds to full

facility + penalty interest

In February 2013, third party (beneficiary)

obtained judgement against Bank. Bank

appealed to Supreme Court and judgement has

been reserved

Bank is on a strong position to win the case. If we lose the case and client is not able to pay, net after tax impairment could be BWP37 million.


Income statement – non-interest income

● Fees and commissions growth from increased transaction volumes● Trading income mostly from Tanzania and Mozambique● With introduction of retail, composition of non-interest income

skewed more towards fees/commissions


Operating expenses per entity

BWP'000 2012 % change 2011

BancABC Botswana 165,510 97%

84,024

BancABC Mozambique 115,436 43%

80,798

BancABC Tanzania 98,461 59%

61,762

Zambia 125,951 56%

80,674

Zimbabwe 270,219 82%

148,510

Banking operations 775,577 70%

455,768

Head office 93,082 3%

90,180

Total 868,659 59%

545,948

Increase in operating expenses across the board due to Retail &

SME Banking expansion


Income statement – cost to income ratio

● Introduction of Retail Banking and dollarisation in Zimbabwe increased cost to income ratio in 2009

● Retail contribution to income increasing thereby resulting in lower cost to income ratio


Income statement – opex per entityOperating Expenses

Wholesale RetailBWP'000 Dec-12 Dec-11 Dec-12 Dec-11BancABC Botswana 62,137 55,282 103,373 28,742 BancABC Mozambique 66,973 53,409 48,463 27,389 BancABC Tanzania 70,572 47,613 27,889 14,149 BancABC Zambia 65,467 29,612 60,484 51,062 BancABC Zimbabwe 123,523 102,398 146,696 46,112 Banking Operations 388,672 288,314 386,905 167,454 Head office 85,211 83,380 7,871 6,800 Total 473,883 371,694 394,776 174,254

● Retail expense now 45% of total operating expenses compared to 32% in prior year

● Wholesale expenses up 27%, retail expenses up 127%


Balance sheet overview

Balance sheet grew by 46% from BWP9.2 billion to BWP13.4 billion

Deposits grew by 45% from BWP7.4 billion to BWP10.7 billion

Loans and advances grew 50% from BWP6.1 billion to BWP9.1 billion mostly from growth in Botswana

Total Equity grew by 89% from BWP0.6 billion to BWP1.2 billion


Balance sheetBWP'000 2012 % chg 2011

Cash and cash equivalents 1,859,269 50% 1,243,431

Financial assets 1,312,032 35%

972,511 Loans and advances 9,144,042 50% 6,077,399 Property and equipment 797,983 23% 647,263Other assets 294,439 21% 243,284

Total assets 13,407,765 46%

9,183,888

Deposits 10,675,111 45% 7,374,700

Borrowed funds 1,212,731 24%

981,788 Other liabilities 363,839 69% 214,833Total liabilities 12,251,681 43% 8,571,321

Equity -ordinary shareholders 1,137,044 91%

596,811

Minority interest 19,040 21% 15,756

Total equity 1,156,084 89%

612,567

Total liabilities & equity 13,407,765 46%

9,183,888

86%

14%

Total Assets-2011 (%)

Wholesale Retail

72%

28%

Wholesale Retail

Total assets -2012 (%)


Balance sheetUSD'000 2012 % change 2011

Cash and cash equivalents 239,288 44% 166,122

Financial assets 168,859 30% 129,927

Loans and advances 1,176,838 45% 811,940

Property and equipment 102,700 19% 86,475

Other assets 37,894 17% 32,504Total assets 1,725,579 41% 1,226,968

Deposits 1,373,887 39% 985,260

Borrowed funds 156,079 19% 131,167

Other liabilities 46,825 63% 28,702Total liabilities 1,576,791 38% 1,145,129

Equity -ordinary shareholders 146,338 84% 79,734

Minority interest 2,450 16% 2,105

Total equity 148,788 82% 81,839 Total liabilities & equity 1,725,579 41% 1,226,968

86%

14%

Total Assets-2011 (%)

Wholesale Retail

72%

28%

Wholesale Retail

Total assets -2012 (%)


Balance sheet – loans & deposits

2008 2009 2010 2011 2012 -

2,000

4,000

6,000

8,000

10,000

12,000

LoansDeposits

50% YoY increase in

loans

45% YoY increase in deposits

42% CAGR 39% CAGR


Deposits per entity

BWP'000 2012 % change 2011BancABC Botswana 4,262,406 66% 2,563,126 BancABC Mozambique 1,355,372 11% 1,216,349 BancABC Tanzania 1,147,955 8% 1,060,686 BancABC Zambia 834,141 52% 548,120BancABC Zimbabwe 3,075,237 55% 1,986,419

Total deposits 10,675,111 45%

7,374,700

Strong growth in deposits especially in

Botswana and Zimbabwe


Balance sheet – segmental analysis

● Rapid growth in retail loans in Botswana, Zambia and Zimbabwe

● Retail loans are now 40% of total book (2011:20%)

Loans & Advances Wholesale Retail

BWP'000 2012 2011 2012 2011

BancABC Botswana

1,350,606 1,289,565 2,060,231

368,535

BancABC Mozambique

739,157 690,670 137,651

71,227

BancABC Tanzania

667,658 525,984 79,159

46,713

BancABC Zambia

447,851 215,282 585,864

361,628

BancABC Zimbabwe

2,155,878 1,654,772 824,740

378,387

Banking Operations

5,361,150

4,376,273 3,687,645

1,226,490

Head Office entities

95,247 474,636 - -

Total Deposits

5,456,397

4,850,909 3,687,645

1,226,490


Balance sheet – asset quality

BWP' million 2012 2011 2010 2009 2008Gross loans 9,460 6,295 3,217 2,130 2,369 Non-performing loans 875 418 268 204 144 Impairments 316 218 138 134 119 Portfolio impairment 78 45 17 13 43 Specific impairments 238 173 121 122 76 NPL as % of gross loans 9.2% 6.6% 8.3% 9.6% 6.1%Impairment charge 138 80 16 51 44 Impairment charge % loans 1.8% 1.7% 0.6% 2.4% 1.9%Implied loss given default 27% 41% 45% 60% 53%


Balance sheet – segmental analysis

● Deposit growth mostly in Botswana and Zimbabwe● Growth driven by wholesale deposits● Retail contribution still low at 9% (2011: 8%)

Deposits Wholesale Retail

BWP'000 Dec 2012 Dec 2011 Dec 2012 Dec 2011

BancABC Botswana

3,923,493 2,418,092 338,914 145,034

BancABC Mozambique

1,020,775 991,922 334,596 224,427

BancABC Tanzania

1,076,873 1,037,774 71,082 22,912

BancABC Zambia

782,493 522,046 51,648 26,074

BancABC Zimbabwe

2,885,102 1,794,548 190,135 191,871

Total Deposits

9,688,736 6,764,382 986,374 610,318


Balance sheet – capital adequacy

● All entities with exception of Tanzania adequately capitalised● Tanzania to be re-capitalised in 2013● Minimum capital requirements in Zambia and Zimbabwe up to

$100m over time● Phased capitalisation of subsidiaries to cater for growth

Total Capital (BWP m)

Capital Adequacy Ratio

Subsidiary 2012 2011 Min 2012 2011BancABC Botswana 521 234 15% 17% 16%BancABC Mozambique 252 225 8% 17% 15%BancABC Tanzania 115 99 12% 9% 12%BancABC Zambia 230 126 10% 14% 16%BancABC Zimbabwe 559 284 12% 13% 11%


Douglas Munatsi

Strategy and outlook


Short to medium term objectivesDiversify funding

mix of the business – liquidity risk

management is a focus area for the

Group

Raise additional funding at the

centre – currently looking at a US

$100 million bond

Control impairments downwards – manage loan

portfolio growth

Manage operational risk as business

expands and product range

increases

Consolidate our position as a first

tier bank in Botswana and

Zimbabwe

Turnaround Tanzania

Increase retail penetration in

Mozambique and continue to grow our business in

Zambia


Dividend declaration

As per Group Policy, a dividend of 8 thebe (0.96 US cent) per share to be paid on 3 May 2013 to shareholders on register on 12 April 2013

Total dividend for the year will be 16 thebe (2011: 17.5 thebe) which is approximately 2.1 US cents (2011: 2.4 US cent)

ABC Holdings Limited Audited Group Results for the year ended 31 December 2012

Documents

Transcript of ABC Holdings Limited Audited Group Results for the year ended 31 December 2012