Full integrated annual report - African Bank - Investoreports

African Bank Investments Limited
Capital management and dividends
ABIL maintained its conservative approach to capital management during this period which continued to
ensure stable credit ratings for the Bank, a steady fl ow of available funding and a further reduction in the cost
of funding.
ABIL capital adequacy % 2011 2010
Total qualifying regulatory capital 26,4 27,5
Total qualifying capital including unappropriated profi ts 30,9 32,2
The group sets dividend cover on a twelve month rolling basis. At the end of the previous fi nancial year,
ABIL indicated it would be increasing its dividend cover to a minimum of 1,5 times in the 2011 fi nancial year.
Consistent with this guidance ABIL has declared a fi nal dividend of 100 cents per ordinary share resulting
in a total ordinary dividend for the year of 185 cents per share. The payout ratio was 64% and the ordinary
dividend cover was 1,6 times.
The group has also declared a fi nal preference dividend of 310 cents per share bringing the total preference
dividend for the year to 620 cents per share.
52 Integrated report 2011 | African Bank Investments Limited