• Home
  • Our business
    • OUR APPROACH TO INTEGRATED THINKING
    • WHO WE ARE
    • OUR OPERATING CONTEXT
    • OUR GROUP STRATEGY
    • OUR VALUE CREATION MODEL
    • MEASURING OUR STRATEGIC PROGRESS
    • WHY INVEST IN US
  • Our performance
    • CHAIRMAN’S STATEMENT
    • GROUP CHIEF EXECUTIVE’S REPORT
    • OUR STRATEGIC VALUE DRIVERS
  • Our accountability
    • OUR REPORTING SUITE
    • ABOUT THIS REPORT
    • GOVERNANCE OVERVIEW
    • REMUNERATION OVERVIEW
  • Downloads
  • Why invest in us?

    Investors require three things from us – growth, resilience and returns. We allocate our resources and     align our relationships to support the disciplined delivery of our strategy, which enables us to meet their expectations.

    1. GROWTH

    partnering high-growth clients
    Focusing on our clients will enable us to compete, grow and achieve scale in all our chosen markets. Our key differentiators are:
    • Our on-the-ground presence in 20 countries across sub-Saharan Africa with deep local knowledge and a fit-for-purpose footprint.
    • Our access to pools of capital through our presence in international markets, enabling our clients to fulfil their growth ambitions.
    • Our track record of growing earnings faster than the nominal GDP in the countries in which we operate by partnering high-growth clients in targeted markets.
    • Our modern core banking systems, which enable increasing digitisation and delivery of better client experiences.
    • Our ongoing investment in strong leadership and passionate people, the most critical determinant of our long-term success.
    • Our strategic partnership with ICBC, which provides us with an opportunity to provide financial services to clients operating in the Africa-China corridor.

    MEDIUM-TERM TARGETS
    GROWTH

    Group headline earnings growth
    Sustainable growth
    Africa regions contribution to banking headline earnings
    > 30%
    Credit loss ratio
    80 – 100 bps
    Cost-to-income ratio
    Approaching 50%
    First Graph image
    device icon
    why-invest02 +1% Average equity 13.5% C E T 1 116.8% L CR 118.6% NSFR

    2. RESILIENCE

    demonstrating through-the-cycle resilience
    We will continue to safeguard the deposits our clients entrust to us and the capital our shareholders invest in us, through:
    • Our strong and liquid balance sheet which assists us in weathering cyclical downturns.
    • Our well-diversified businesses, by client, sector, product and geography, which provide good return profiles.
    • Our strategic focus on acquiring quality clients across our franchises, underpinned by clearly defined and dynamic risk appetite allocations, which enables us to effectively manage our risk profiles.
    • Our well-developed and independently assured governance and risk management frameworks enable us to limit losses and reputational damage, and balance shortand long-term value creation imperatives.

    MEDIUM-TERM TARGETS
    RESILIENCE

    Liquidity coverage ratio (LCR)
    > 100%
    Net stable funding ratio (NSFR)
    > 100%
    Common equity tier 1 (CET 1)
    11.0 – 12.5%
    Devide icon
    why-invest03 18% +7% R OE

    3. RETURNS

    driving higher returns
    We drive returns through:
    • Our focus on efficient allocation of capital.
    • Our delivery of operational excellence and productivity.
    • Driving revenue growth faster than growth in costs.
    • Accelerating the digitisation of the group to ensure and enhance our competitiveness.
    • Making further changes to the group’s architecture to become a more integrated organisation.
    • Assisting Liberty to execute its plan to turn around its financial performance.
    • Supporting faster, more inclusive and more sustainable economic growth and human development in South Africa and across the continent.
    • Investing in viable future markets and sustainable long-term performance through the management and measurement of our SEE impact.

    MEDIUM-TERM TARGETS
    RETURNS

    Return on equity
    18 – 20%
    Dividend
    Sustainable growth