Improving Governance in Africa
Managing the Bank's portfolio in a challenging environment
Bank's internal
risk rating
5
-Sovereign WARR
Portfolio risk profile
Non-sovereign WARR
O Combined WARR
4
3
2
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
WARR: Weighted Average Risk Rating
A defined risk appetite for the lending portfolio: BB+ to B- (i.e. 3 to 4)
4.0 (B)
3.0 (BB)
2.63 (BBB-)
Sovereign Non-sovereign
In USD million
19,282
19,055
20,000
18,577
18,760
17,530
16,000
14,788
12,088
13,093
12,000
8,044
8,952
9,180
8,000
4,000
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
June 2016
Falling commodity prices
have negatively impacted
resource based non-sovereign
projects
notwithstanding....
combined WARR at the
stronger end
of the targeted risk appetite
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