IBL Financial Overview
IBL operating fundamentals
Business performance was resilient despite an
operating environment characterised by stop-start
economies as countries grappled with the impact of
COVID-19.
We have seen good momentum since December 2020
with stronger activity levels and growth in lending
books across the bank, good client acquisition and
point-of-sale activity from private clients as well as
increased corporate trading activity. Our clients have a
track record of resilience in difficult operating
environments as reflected in our low impairments and
credit loss ratio.
Despite a greater sense of optimism spurred on by
declining COVID-19 infections and the vaccine roll out
programme in South Africa, the emerging third wave.
remains a key risk to the business and the economy.View entire presentation