Full integrated annual report - African Bank - Investoreports
Full integrated annual report - African Bank - Investoreports
Full integrated annual report - African Bank - Investoreports
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Eyomhlaba, ABIL’s fi rst<br />
R600 million black equity<br />
ownership programme,<br />
announced<br />
<strong>African</strong> <strong>Bank</strong> launches its fi rst<br />
credit card<br />
ABIL acquires the EHL group<br />
for R9,1 billion. Credit card<br />
portfolio reaches R1 billion<br />
<strong>African</strong> <strong>Bank</strong> credit models<br />
rolled out into 613 Ellerines<br />
branches<br />
Ellerines fi nancial services<br />
<strong>integrated</strong> into <strong>African</strong> <strong>Bank</strong><br />
<strong>African</strong> <strong>Bank</strong> lists US$300<br />
million maiden bond on the<br />
London Stock Exchange<br />
2005 2006 2007 2008 2009 2010 2011<br />
<strong>African</strong> <strong>Bank</strong> launches<br />
its price/volume elasticity<br />
strategy, with the introduction<br />
of its fi rst set of price<br />
reductions<br />
<strong>African</strong> <strong>Bank</strong> doubles its risk<br />
segmentation bands to 50<br />
to provide customers with<br />
maximum customisation of<br />
their credit offer<br />
ABIL launches its second<br />
BEE programme, Hlumisa<br />
EHL restructures, rebrands<br />
and reduces its cost structure<br />
R1,4 billion capital injection<br />
for <strong>African</strong> <strong>Bank</strong>. Credit card<br />
portfolio reaches R3 billion<br />
111 <strong>African</strong> <strong>Bank</strong> kiosks and<br />
129 carve-outs rolled out in<br />
EHL stores during 2011<br />
Integrated <strong>report</strong> 2011 | <strong>African</strong> <strong>Bank</strong> Investments Limited<br />
5
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