Full integrated annual report - African Bank - Investoreports

Operating structure
ABIL is a publicly owned management holding company
listed on the JSE Limited with wholly owned subsidiaries
within the South African unsecured credit environment.
We operate through two primary businesses, African
Bank and EHL, as well as insurance subsidiaries.
The Standard General Insurance Company (Stangen)
and Relyant Insurance Company (Relyant).
African Bank offers competitively priced long and short term
loans as well as credit card products to a predominantly formally
employed and banked market.
Stangen provides credit life policies to customers who utilise the
loan and credit card products offered by African Bank.
EHL is a furniture and appliances retailer
which provides affordable products and
ellerine holdings limited
offers credit facilities through African Bank
for the purchase of its goods. It operates in the formally employed
banked market, the informally employed market as well as higher
lifestyle markets than those traditionally targeted by African Bank.
Relyant offers voluntary product insurance on merchandise
purchased from the EHL group.
Key highlights
R40 billion
advances book
2,6 million
credit customers
4 978
employees
643
outlets
R4,7 billion
of furniture sales
10 303
employees
1 059
retail stores
Integrated report 2011 | African Bank Investments Limited
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