Investor Presentaiton
Adherence to a conservative financial policy
AFC pursues a highly conservative financial policy - adopted by its Board of Directors - in order to ensure business sustainability, underpin its credit
rating and reduce its cost of financing
•
•
Capital adequacy ("CAR") remains at a strong level
AFC maintains strong liquidity buffers, invested conservatively
Ratio
Capital adequacy(1):
2020
2021
2022
Capital adequacy ratio
Liquidity coverage ratio
33%
34%
34.3%
199%
178%
202%
Asset quality:
Non-performing loan to total loan
0.7%
1.7%
2.2%
Profitability:
Return on average assets
Return on average equity
Management efficiencies:
Cost to income
Net interest margin ratio
Earnings per share (US cents)
3.0%
2.5%
2.6%
12.1%
9.2%
9.7%
22.8%
22.9%
22.7%
2.9%
3.2%
4.1%
14.4
18.1
24.4
Source: Company information, FY'22 financials
Note: Basel II
Africa Finance Corporation | FY'2022 Results Presentation | April 2023
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