African Bank reports over half a billion profit as it expands offerings and strengthens market position.

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GUEST – Sibongiseni Ngundze - CEO of Consumer Banking at Africanbank.
African Bank has announced a net profit of R523 million for the 2024 financial year, reflecting a strong performance amid a challenging economic climate. With a capital adequacy ratio of 31.4% and significant liquidity reserves of R7.1 billion, the bank continues to demonstrate its resilience while driving strategic growth under its transformative 'Excelerate25' strategy.

26 Nov 12PM English South Africa Business News · Investing

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