The original article can be found here.
Article Highlights:
- African Bank returned to profit in the six months to end-March, thanks to lower bad debt charges, a growing loan book and a continuing rise in its retail deposits.
- At a group level – when one includes African Bank’s insurance operations, net profit rose to R372 million from R152 million in March 2021.
- Not only is the bank growing its retail deposit book, but its lending book is growing again. And this is positively impacting its net interest margins, said the bank.
