Download - African Bank

Profile
African Bank Investments Limited (“ABIL”), is a publicly quoted, bank-controlling
company listed on the JSE Securities Exchange South Africa (“the JSE”).
Operationally, ABIL is structured into four major business units:
AFRICAN BANK RETAIL
African Bank Retail comprises the lending operations under the African Bank brand, as
well as the insurance underwriting activities of Stangen, the Standard Bank joint venture
and the performing portion of the Saambou Personal Loan Book (“Saambou PLB”)
acquired in 2002.
COLLECTIONS DIVISION
The Collections division is responsible for managing the collection and rehabilitation of
clients in arrears from the call centre phase to the legal collections of loans in default. It
also manages the collections on the written-off books. This unit currently manages all the
non-performing loans for African Bank Retail and the remainder of the Saambou PLB.
SPECIALISED LENDING
Specialised Lending comprises unique credit models and distribution channels that are
optimised through semi-autonomous businesses and management teams. This unit is also
the incubator for new credit models implemented by the group.
While these activities were previously carried out in separate subsidiaries of Theta
Investments, they were dependent on African Bank for funding. For purposes of capital
and cost efficiencies these businesses have largely been divisionalised into African Bank
with the emphasis on their uniqueness being achieved through individual branding and
management structures.
BUSINESS INNOVATION AND OPTIMISATION
The business innovation and optimisation unit has four clear focus areas: Strategy,
Innovation – aimed at the development of new markets, products and channels and
identification of new business models and opportunities, Optimisation and
Transformation towards a client-centered business culture.
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