IBL Financial Overview
Consistent asset growth, gearing ratios remain low
Total assets composition
R'mn
600,000
500,000
400,000
300,000
200,000
100,000
•
Gearing* remains low
times
14.0
509 901
12.0
10.0
8.0
6.0
4.0
2.0
0
2017
2018
2019
2020
2021
Net core loans
■Cash and near cash balances
Other assets
2017
2018
2019
■Total gearing ratio
Core loans to equity ratio
10.5
6.0
2020
2021
We have reported a CAGR of 9.5% in net core loans since 2012
driven by increased activity across our target client base, as well
as growth in our core client franchises
•
We have maintained low gearing ratios* with total gearing at
10.5x as at 31 March 2021 and an average of 11.6x since 2012
•
In addition, we have seen solid growth in cash and near cash
balances over the same period
*Gearing ratio calculated as Total Assets (excluding intergroup loans) divided by Total Equity
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