Dec 2012 results

ABC Holdings Limited
Audited Group Results
for the year ended
31 December 2012
26 March 2013

BancABC Full Year Financial Results 2012
- Highlights
- Economic review
- Operational overview
- Financial review
- Strategy and outlook
Agenda
2

Douglas Munatsi
Highlights
3

Financial highlights
4
BWP Dec-12 Dec-11 ∆ Trend
Attributable 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
5
PBT 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
6
Total 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
7
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
8

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
11.0
1.8
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
Economy
Renewed Euro
Area Stress
US Severe Fiscal
Stand-off
Egypt renewed
economic/Political
deterioration
Japan escalation
of tensions with
China over
islands
Oil price
instability
11

Economic growth in selected
African countries3.9
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
4.8
5.5
5.6
5.7
4.1
6.8
4.1
8.4
8.3
5.0
2.8
5.8
0
2
4
6
8
10
%
2011 2012
2013
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 &
Mozambique
Double digit YoY inflation
level in Tanzania
Above target inflation in
Botswana & South Africa
Inflation breached 7%
mark in Dec-12 in Zambia7.6
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
Policy
Rate %
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-10
Aug-10
Dec-10
Apr-11
Aug-11
Dec-11
Apr-12
Aug-12
Dec-12
Botswana
Prime Lending
Deposit Rate
8
10
12
14
16
18
20
8
10
12
14
16
18
20
Dec-09
Apr-10
Aug-10
Dec-10
Apr-11
Aug-11
Dec-11
Apr-12
Aug-12
Dec-12
Mozambique
Prime Lending
16

6
8
10
12
14
16
6
8
10
12
14
16
Dec-09
Apr-10
Aug-10
Dec-10
Apr-11
Aug-11
Dec-11
Apr-12
Aug-12
Dec-12
Tanzania
Prime Lending
Deposit Rate
6
10
14
18
22
6
10
14
18
22
Dec-09
Apr-10
Aug-10
Dec-10
Apr-11
Aug-11
Dec-11
Apr-12
Aug-12
Dec-12
Zambia
Deposit Rate
17

0
5
10
15
20
25
30
35
40
0
5
10
15
20
25
30
35
40
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Zimbabwe
Savings rates
LendingRates
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-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
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
ZARBWPMZNTZSZMK
2012
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
21
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-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
BWP/ZMK
190
200
210
220
230
240
250
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
BWP/TZS
3.0
3.5
4.0
4.5
5.0
5.5
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
BWP/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 Excluded
22

Financial intermediation – Credit to
GDP Ratio Lending to privates
sector exceeded
2008/09 pre-crisis
level
Financial
intermediation in
ABC markets still
lags that of middle
income countries
such as SA
Majority 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
24
Exponential market growth
across ABCH footprint
Tanzania is the largest market
followed by Botswana and
Mozambique

Market share
25
● Growing market share, especially in Botswana and Zimbabwe
● Need to grow to critical mass in other markets as well

Francis Dzanya
Operational overview
26

BancABC Botswana highlights
27
• 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
28
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
29
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
30
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
products – increase cross-sell
Outlook
Solid Performance
Total Customers 52,512 82,449 +29,937

BancABC Zimbabwe highlights
31
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,
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
32

Income statement
33
BWP'000 Dec-12 % ∆ Dec-11
Net 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 income 1,086,562 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 statement
34
USD'000 Dec-12 % ∆ Dec-11
Net 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
35
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 analysis
36
Attributable profits
BWP'000 2012 % Cont 2011 % Cont % change
Botswana 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

37
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

● Growth in Botswana, Mozambique and Zimbabwe – higher volumes
and better margins
● Zambia – restrictions on interest rate
● Tanzania – high cost of funds and higher NPLs
38
Net interest income
BWP'000 2012 % change 2011
BancABC 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
39
● 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%)
40

Contingent liability
41
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
42

Operating expenses per entity
43
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
44

Income statement – opex per entity
45
Operating Expenses
Wholesale Retail
BWP'000 Dec-12 Dec-11 Dec-12 Dec-11
BancABC Botswana 62,137 55,282 103,373 28,742
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
46
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 sheet
47
BWP'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% 647,263
Other 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% 214,833
Total 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 sheet
48
USD'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% 32,504
Total 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% 28,702
Total 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
49
-
2,000
4,000
6,000
8,000
10,000
12,000
2008 2009 2010 2011 2012
Loans
Deposits
50% YoY
increase in
loans
45% YoY
increase in
deposits
42% CAGR 39% CAGR

Deposits per entity
50
BWP'000 2012 % change 2011
BancABC 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% 548,120
BancABC 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%)
51
Loans & Advances Wholesale Retail
BWP'000 2012 2011 2012 2011
BancABC Botswana 1,350,606 1,289,565 2,060,231 368,535
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
52
BWP' million 2012 2011 2010 2009 2008
Gross 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%)
53
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
54
Total Capital (BWP m) Capital Adequacy Ratio
Subsidiary 2012 2011 Min 2012 2011
BancABC 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
55

Short to medium term objectives
Diversify 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
56

Dividend declaration
57
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)

Dec 2012 results

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Dec 2012 results