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About the company: African Bank Investments Ltd [JSE:ABL]

by , 23 July 2015

African Bank is primarily an unsecured lender, with interests in retail. The company has a listing on the Johannesburg Stock Exchange, which is currently suspended following the financial collapse of the bank…

Full name: African Bank Investments Limited
Short name: ABIL
Ticker: ABL
Sector: Financial services – financial services

Five top facts about African Bank Investments

After posting huge losses in August 2014, the Johannesburg Stock Exchange suspended African Bank Investments from trading. Since the Reserve Bank bailed out the troubled bank, African Bank Investments is currently under business rescue.

The bank looks set to relist next year.

Fact #1:
African Bank Investments has over 13,000 employees working across its operations. The company consists of two main businesses: Banking and retail.

Fact #2:
African Bank Investments has a listing on the Johannesburg Stock Exchange under ticker ABL. The company listed in 1998.

Fact #3:
The largest shareholder of African Bank Investments is Coronation Asset Management. It has an 8.28% stake.

Fact #4:
African Bank Investments’ banking unit consists of:

  • African Bank; and
  • Stangen.

Fact #5:
African Bank Investments’ retail unit consists of:

  • EHL Furniture Retail (this includes Ellerines, Dial a Bed and Furniture City);
  • Relyant Insurance; and
  • Relyant Life.

Chart of African Bank Investments’ share price

Chart of African Bank Investments' share price

Financial information

For more financial information about African Bank Investments, click here.

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About the company: African Bank Investments Ltd [JSE:ABL]
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