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(2) 5HSRUWRYHUYLHZ. The full set of documents is available on ZZZEDUFOD\VDIULFDFRP. 7KLVÀQDQFLDOUHVXOWVERRNOHWIRUWKHUHSRUWLQJSHULRGHQGHG-XQHLVRQHRIWKHSXEOLFDWLRQVUHOHDVHGDWWKHWLPHRIWKH%DUFOD\V$IULFD*URXS /LPLWHG·V %DUFOD\V$IULFD*URXSRUWKH*URXS ÀQDQFLDOUHVXOWVDQQRXQFHPHQWPDGHRQ-XO\,WLVVXSSOHPHQWHGZLWKDGGLWLRQDOGLVFORVXUHV LQFOXGLQJWKH*URXS·V-6(6(16DQQRXQFHPHQWDQGWKHLQWHULPÀQDQFLDOUHVXOWVSUHVHQWDWLRQWRVKDUHKROGHUVDQGRWKHUVWDNHKROGHUV 7KHIXOOVHWRIGRFXPHQWVLVDYDLODEOHRQZZZEDUFOD\VDIULFDFRP %DUFOD\V3/&GLVSRVHGRIDQGRIWKH*URXS·VVKDUHVRQ0D\DQG-XQHUHVSHFWLYHO\$VSDUWRILWVGLYHVWPHQW%DUFOD\V3/& FRQWULEXWHG PLOOLRQWRWKH*URXSLQ-XQHPDLQO\LQUHFRJQLWLRQRIWKHLQYHVWPHQWVUHTXLUHGIRUWKH*URXSWRVHSDUDWHIURP%DUFOD\V3/& ,QYHVWPHQWVZLOOEHPDGHSULPDULO\LQUHEUDQGLQJWHFKQRORJ\DQGVHSDUDWLRQUHODWHGSURMHFWVDQGLWLVH[SHFWHGWKDWLWZLOOQHXWUDOLVHWKHFDSLWDO DQGFDVKÁRZLPSDFWRIVHSDUDWLRQLQYHVWPHQWVRQWKH*URXSRYHUWLPH7KHVHSDUDWLRQSURFHVVZLOOLQFUHDVHWKHFDSLWDOEDVHRIWKH*URXSLQWKH QHDUWHUPDQGJHQHUDWHHQGRZPHQWUHYHQXHWKHUHRQZLWKLQFUHDVHGFRVWVRYHUWLPHDVWKHVHSDUDWLRQLQYHVWPHQWVDUHFRQFOXGHG7KH*URXSKDV WKHUHIRUHDOVRLQFOXGHGQRUPDOLVHGUHVXOWVWKDWEHWWHUUHÁHFWWKHXQGHUO\LQJSHUIRUPDQFHRIWKH*URXS 7 KHUHTXLUHPHQWVRI,)56 ²)LQDQFLDOLQVWUXPHQWV ,)56 UHODWLQJWRWKHSUHVHQWDWLRQRIJDLQVDQGORVVHVRQÀQDQFLDOOLDELOLWLHVGHVLJQDWHG DWIDLUYDOXHZHUHDGRSWHGGXULQJWKHFXUUHQWUHSRUWLQJSHULRG$VDUHVXOWWKHHIIHFWVRIFKDQJHVLQWKRVHOLDELOLWLHV·FUHGLWULVNDUHSUHVHQWHGLQ RWKHUFRPSUHKHQVLYHLQFRPHZLWKWKHUHPDLQLQJHIIHFWSUHVHQWHGLQSURÀWRUORVV,QDFFRUGDQFHZLWKWKHWUDQVLWLRQDOUHTXLUHPHQWVRI,)56 FRPSDUDWLYHVKDYHQRWEHHQUHVWDWHG 7KH*URXS·VVHJPHQWDOGLVFORVXUHKDVFKDQJHGWRDOLJQZLWKKRZWKHEDQNLQJRSHUDWLRQVDUHQRZUXQDORQJJHRJUDSKLFUDWKHUWKDQGLYLVLRQDO OLQHV5HIHUWRSDJHIRUDGGLWLRQDOLQIRUPDWLRQ. i. 7KH*URXSUHILQHGLWVFRVWDOORFDWLRQPHWKRGRORJ\UHVXOWLQJLQWKHUHVWDWHPHQWRIRSHUDWLQJH[SHQVHVEHWZHHQDQGZLWKLQVHJPHQWV. i. &RPPHUFLDO3URSHUW\)LQDQFH &3) FXVWRPHUVZLWKORDQEDODQFHVH[FHHGLQJ5PZHUHPRYHGIURP5HWDLODQG%XVLQHVV%DQNLQJ 5%% WR &RUSRUDWH,QYHVWPHQW%DQNLQJ &,% WRUHIOHFWWKH*URXS·VFXVWRPHUVHJPHQWDWLRQDQGFRYHUDJHPRGHO. Barclays Africa Group Limited (1986/003934/06) The term Barclays Africa Group or the Group, refers to Barclays Africa Group Limited and its subsidiaries. 8QDXGLWHGLQWHULPÀQDQFLDOUHVXOWVIRUWKHUHSRUWLQJSHULRGHQGHG-XQH 'DWHRISXEOLFDWLRQ -XO\ 7KHVHLQWHULPÀQDQFLDOUHVXOWVZHUHSUHSDUHGE\%DUFOD\V$IULFD*URXS Financial Control under the direction and supervision of the Barclays Africa Group Limited Financial Director, -34XLQQ&$ 6$ This report is printed on recycled paper that is 100% post-consumer waste VRXUFHGIURPHLWKHURIÀFHRUSULQWLQJZDVWHZLWKQRKDUPIXOFKHPLFDOVXVHG GXULQJWKHEOHDFKLQJSURFHVV7KHE\SURGXFWVRISURGXFWLRQRIWKHSDSHUDUH UHF\FOHGLQWRIHUWLOLVHUEXLOGLQJPDWHULDODQGKHDW. Icons used with this report { Positive. IFC. { Negative. Remains the same. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. Increase/ decrease. Dividend per share Interim. 475 cents. Key dates Interim dividend payment. 11 September 2017. Financial year-end. 31 December 2017. Shareholder communications Shareholder information Contact details. page 169 page IBC. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. 7 KHIROORZLQJEXVLQHVVSRUWIROLRFKDQJHVUHVXOWHGLQWKHUHVWDWHPHQWRIÀQDQFLDOUHVXOWVIRUWKHFRPSDUDWLYHSHULRG1RQHRIWKHUHVWDWHPHQWV KDYHLPSDFWHGWKHRYHUDOOÀQDQFLDOSRVLWLRQRUQHWHDUQLQJVRIWKH*URXS.
(3) Contents IFC. Report overview. 2. Group performance. 3. Normalised Group performance overview. 8. About Barclays Africa Consolidated salient features. 10. Consolidated salient features by segment. 11. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW. 13. Condensed consolidated statement of comprehensive income. 19. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIÀQDQFLDOSRVLWLRQ. 21. Condensed consolidated statement of changes in equity. 22. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIFDVKÁRZV. 26. Performance indicators and condensed notes to the FRQVROLGDWHGÀQDQFLDOVWDWHPHQWV. 27. Segment performance. 53. Segment performance overview. 54. Segment report per market segment. 58. South Africa Banking. 61. Rest of Africa Banking. 93 113. Risk management. 133. Risk management overview. 134. Capital management. 144. Appendices. 157. Segment reports as reported on 31 December 2016. 158. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. Administration and contact details. IBC. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. WIMI. 1.
(4) 2. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. Normalised Group performance overview. 3. About Barclays Africa. 8. Consolidated salient features. 10. Consolidated salient features by segment. 11. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW. 13. Condensed consolidated statement of comprehensive income. 19. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIÀQDQFLDOSRVLWLRQ. 21. Condensed consolidated statement of changes in equity. 22. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIFDVKÁRZV. 26. Performance indicators and condensed notes to the FRQVROLGDWHGÀQDQFLDOVWDWHPHQWV. 27. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Group performance.
(5) Normalised Group performance overview. “As Barclays Africa, we are in an exciting phase in defining and shaping our destiny as a standalone pan-African financial services provider.” Maria Ramos, Chief Executive Officer Normalised headline earnings increased by 7% (CCY +11%) to R7 770m as impairments were 27% lower from a high base in the first half of 2016. Return on equity improved to 16,8% from 16,1% on a normalised basis. Strong headline earnings growth from key focus areas in Rest of Africa Banking, which increased by 50% in constant currency and CIB South Africa which increased by 76%. Credit loss ratio improved from 1,29% to 0,96% mainly from lower impairments. Impairment coverage levels remain strong as performing FRYHUDJHOHYHOVLQFUHDVHGIURPLQ-XQHWRLQ-XQH 'HFHPEHU DQGPDFURHFRQRPLFSURYLVLRQVZHUH increased moderately. Operating costs increased by 3% (CCY +6%) while continuing to invest in information technology and digital capability. The Group’s Common Equity Tier 1 (CET1) ratio increased to 12,1% on a normalised basis and remains above internal targets. The Group’s liquidity coverage ratio increased to 118,9%, well above the minimum regulatory requirement. Revenues reduced by 1% partially from weaker exchange rates in markets outside SA (CCY +2%), regulatory changes and non-recurring LWHPVLQFOXGHGLQWKHEDVHLQWKHÀUVWKDOIRI 1RUPDOLVHGSUHSURYLVLRQSURÀWVZHUHORZHU &&< DVRSHUDWLQJFRVWVJUHZIDVWHUWKDQLQFRPHGXULQJWKHUHSRUWLQJSHULRG 1RUPDOLVHGFRVWWRLQFRPHUDWLRLQFUHDVHGWRIURP +HDGOLQHHDUQLQJVUHGXFHGE\ LQ5%%6RXWK$IULFDUHÁHFWLQJORZJURZWKLQUHYHQXHVSDUWLDOO\LPSDFWHGE\UHJXODWRU\FKDQJHV WIMI headline earnings reduced by 8% mainly from large short-term insurance claims during Q2.. 1RUPDOLVHGÀQDQFLDOUHVXOWVDVDFRQVHTXHQFHRI%DUFOD\V3/&VHSDUDWLRQ. Barclays PLC disposed of 12,2% and 33,7% of the Group’s shares on 5 May 2016 and 1 June 2017, respectively. Barclays PLC has forward-sold 7% of the afore-mentioned 33,7% shares to the Public Investment Corporation (PIC), with transfer pending receipt by PIC of regulatory approvals in Kenya, Mauritius and the Seychelles. Barclays PLC has agreed to contribute a further 1,5% of the Group’s shares to a Broad-Based Black Economic Empowerment (BBBEE) scheme which will be implemented in due course, leaving Barclays PLC with a residual holding of As part of its divestment Barclays PLC contributed £765 million to the Group in June 2017, primarily in recognition of the investments required for the Group to separate from Barclays PLC. Investments will be made primarily in rebranding, technology and separation-related projects DQGLWLVH[SHFWHGWKDWLWZLOOQHXWUDOLVHWKHFDSLWDODQGFDVKÁRZLPSDFWRIVHSDUDWLRQLQYHVWPHQWVRQWKH*URXSRYHUWLPH 7KHVHSDUDWLRQSURFHVVZLOOKDYHDQLPSDFWRQWKH*URXS·VÀQDQFLDOUHVXOWVIRUWKHQH[WIHZ\HDUVPRVWQRWDEO\E\LQFUHDVLQJWKHFDSLWDOEDVH in the near term and generating endowment revenue thereon, with increased costs over time as the separation investments are concluded. International Financial Reporting Standards (IFRS) require that the Barclays PLC contribution be recognised directly in equity, while the VXEVHTXHQWLQYHVWPHQWH[SHQGLWXUH LQFOXGLQJWKHGHSUHFLDWLRQRUDPRUWLVDWLRQRIFDSLWDOLVHGDVVHWV ZLOOEHUHFRJQLVHGLQSURÀWRUORVV7KH DIRUHPHQWLRQHGZLOOUHVXOWLQDGLVFRQQHFWEHWZHHQXQGHUO\LQJEXVLQHVVSHUIRUPDQFHDQGWKH,)56ÀQDQFLDOUHVXOWVGXULQJWKHVHSDUDWLRQ SHULRG1RUPDOLVHGÀQDQFLDOUHVXOWVZLOOWKHUHIRUHDOVREHGLVFORVHGZKLOHWKHXQGHUO\LQJEXVLQHVVSHUIRUPDQFHLVPDWHULDOO\GLIIHUHQWIURPWKH ,)56ÀQDQFLDOUHVXOWV. 3. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. On 1 March 2016, Barclays PLC announced its intention to sell down its 62,3% interest in the Group. A comprehensive separation programme was initiated to focus on the future state of Barclays PLC, the Group and possible interaction between the companies to ensure that the Group can operate as an independent and sustainable group without the involvement of Barclays PLC..
(6) Group performance. 2. Segment performance. Normalised performance overview. 53. 3. Salient features. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. Normalised Group performance overview. 7KHIROORZLQJWDEOHSUHVHQWVWKHLWHPVZKLFKZLOOEHH[FOXGHGIURPWKHQRUPDOLVHGÀQDQFLDOUHVXOWV . Barclays PLC contribution. LQFOXGLQJWKHHQGRZPHQWEHQHÀW. Hedging linked to separation activities Technology and brand separation projects Depreciation and amortisation on the afore-mentioned projects Transitional service payments to Barclays PLC. Headline earnings per ordinary share (HEPS) and dividend per share (DPS) (cents). 1 538,4 1 397,7. 1 769,6. 1 687,2. 912,9. 889,6. 817,5. 742,0 550. 525. 470. 2013. HEPS – Jun HEPS – Dec DPS – Jun DPS – Dec Normalised – Jun . 475 460. 2015. 2014. 917,9. 899,9. 856,7 450. 400. 350. 570. 797,6. 720,9. 655,7. 1 030. 1 000. 925. 820. 2016. 2017. Normalised 2017. Net asset value (NAV) per ordinary share, return on equity (RoE) and return on risk-weighted assets (RoRWA) (cents and %). 9 125 15,5. 10 558. 11 261. 10 788 10 980. 9 764. 9 860. 16,1. 16,7. 16,4. 17,0. 16,1. 16,6. 16,1. 2,14. 2,22. 2,16. 2,18. 2,08. 2,14. 2,18. 2,22. Jun 2017. Normalised Jun 2017. 9 261. 16,8. . 2,16. Dec 2013. 4. Jun 2014 Dec 2014. Jun 2015 Dec 2015. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. Jun 2016 Dec 2016. NAV per ordinary share (cents) RoE (%) RoRWA (%). WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. 12 644.
(7) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. Normalised Group performance overview Consolidated normalised salient features. 30 June. Change. 31 December. %. 2016. 2017. 2016. 36 040 20 038 7 781 7 770. 36 508 7 019 7 252. (1) 3 11 7. 39 956 . 1 126 057. . (1). 1 101 023. 16,8 1,40 2,22. 16,1 1,29 2,08. 16,6 . 4,93 42,3 55,6 (4,11) 27,7. 5,01 5,11 28,3. 55,2 26,9. 847,8 847,1 846,5 846,7. . . 917,9 917,7 919,2 919,0 1,9 11 261 10 823. 856,7 856,7 829,2 829,2 1,9 10 788 10 359. 14,5 15,2. . 15,1. 12,1 11,9. 12,1 10,8. 12,1 11,6. Statement of comprehensive income (Rm) Income Operating expenses 3URÀWDWWULEXWDEOHWRRUGLQDU\HTXLW\KROGHUV Headline earnings. 6WDWHPHQWRIÀQDQFLDOSRVLWLRQ Total assets (Rm). Financial performance (%) Return on equity (RoE) Return on average assets (RoA) Return on risk-weighted assets (RoRWA). Operating performance (%) Net interest margin on average interest-bearing assets Non-interest income as percentage of total income Cost-to-income ratio Jaws Effective tax rate. Share statistics (million) Number of ordinary shares in issue Number of ordinary shares in issue (excluding treasury shares) Weighted average number of ordinary shares in issue Diluted weighted average number of ordinary shares in issue. Share statistics (cents) Headline earnings per ordinary share Diluted headline earnings per ordinary share Basic earnings per ordinary share Diluted basic earnings per ordinary share Dividend cover (times) NAV per ordinary share Tangible NAV per ordinary share. 7 7 11 11 — . 1 769,6 1 737,5 1 737,3 1,7 10 980 10 501. Barclays Africa Group Limited Absa Bank Limited. Common Equity Tier 1 (%) Barclays Africa Group Limited Absa Bank Limited. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Capital adequacy (%). 5.
(8) Normalised Group performance overview. Reconciliation of normalised to IFRS results. Total Group normalised performance. Barclays separation 30 June. IFRS Group performance. 2017. 2017. 2017. 20 791 15 249. 46 238. 20 837 15 487. 36 040 (3 773) (20 038) (716). 284 — (460) (325). 36 324 (3 773) (20 498) (1 041). 11 513 (3 191). (501) 111. 11 012 (3 080). 8 322. (390). 7 932. 7 781 361 180. (390) — —. 7 391 361 180. 8 322. (390). 7 932. 7 770. (152). 7 618. Statement of comprehensive income (Rm) Net interest income Non - interest income Total income Impairment losses on loans and advances Operating expenses Other operating expenses Operating profit before income tax Tax expenses Profit for the reporting period. 3URÀWDWWULEXWDEOHWR Ordinary equity holders Non-controlling interest – ordinary shares Non-controlling interest – preference shares. Headline earnings. Operating performance (%) Net interest margin on average interest-bearing assets Credit loss ratio on gross loans and advances to customers and banks Non-interest income as % of total income Income growth Operating expenses growth Cost-to-income ratio. 4,93 0,96 42,3 (1) 3 55,6. n/a n/a n/a n/a n/a n/a. 4,93 0,96 42,6 (1) 5 56,4. Loans and advances to customers Loans and advances to banks Investment securities Other assets. 728 985 63 451 115 834 217 787. — — — 11 819. 728 985 63 451 115 834 229 606. 1 126 057. 11 819. 1 137 876. 696 362 140 192 184 887. — — 104. 696 362 140 192 184 991. 1 021 441. 104. 1 021 545. 104 616. 11 715. 116 331. 1 126 057. 11 819. 1 137 876. RoRWA. 2,22. n/a. 2,18. RoA. 1,40. n/a. 1,37. RoE. 16,8. n/a. 16,1. Dividend cover (times). 1,9. n/a. 1,9. Capital adequacy Common Equity Tier 1. 14,5 12,1. n/a n/a. 16,1 13,7. Total assets Deposits due to customers Debt securities in issue Other liabilities Total liabilities Equity Total equity and liabilities. Financial performance (%). %DUFOD\VVHSDUDWLRQÀQDQFLDOUHVXOWV ¶1HWLQWHUHVWLQFRPH·LQFOXGHVWKHHQGRZPHQWEHQHÀWUHFHLYHGRQWKH%DUFOD\V3/&LQYHVWPHQWZKLOHIRUHLJQH[FKDQJHKHGJLQJJDLQV OLQNHGWRWKHVHSDUDWLRQDFWLYLWLHVKDYHEHHQGLVFORVHGDV¶QRQLQWHUHVWLQFRPH·¶2SHUDWLQJH[SHQVHV·LQFOXGHV5PSURIHVVLRQDOIHHV LQIRUPDWLRQWHFKQRORJ\FRVWVPDUNHWLQJDQGVDODU\FRVWVLQFXUUHGGXULQJWKHUHSRUWLQJSHULRG¶2WKHURSHUDWLQJH[SHQVHV·UHÁHFWVWKH impairment of an intangible asset utilised by CIB.. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. 6WDWHPHQWRIÀQDQFLDOSRVLWLRQ 5P. 6.
(9) www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. This page has been left blank intentionally. 7.
(10) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. Barclays Africa, a strong African franchise... 1 160 branches. We are a diversified 41 7141 financial services employees provider offering an integrated set of products and services 11,6m across personal and customers business banking, corporate and investment banking, wealth and investment management and insurance.. 12. 2. 9. 3 6. 8. 10 076 ATMs 10. 11. We are driven by our Purpose to help people achieve their ambitions in the right way.. 5. 4. 1. 7. We are focused on our GoalWREHWKHÀQDQFLDOVHUYLFHV group of choice in Africa. Our ValuesGHÀQHWKHZD\ZHWKLQNZRUNDQGDFW . Respect. We respect and value those we work with and the contribution they make.. Integrity. We act fairly, ethically and openly in all we do.. Service. We put our customers and clients at the centre of what we do.. Excellence. We use our energy, skills and resources to deliver the best sustainable results.. ATMs. Customers. 1 Botswana. 34. 111. 262 506. 2 Ghana. 62. 170. 351 339. 1 110. 3 Kenya. 98. 216. 519 230. 2 6262. 19. 39. 75 421. 761. 5 Mozambique. 48. 108. 287 729. 941. 6 Seychelles. 8. 20. 16 947. 232. 7 South Africa. 736. 8 937. 9 300 000. 31 234. 8 Tanzania BBT2. 18. 52. 51 721. 510. 8 Tanzania NBC3. 51. 230. 432 725. 1 234. 9 Uganda. 39. 71. 132 154. 898. 10 Zambia. 47. 122. 208 215. 961. %DUFOD\V$IULFDUHSUHVHQWDWLYHRIÀFHV 11 Namibia. We are passionate about leaving things better than we found them.. 12 Nigeria. We are committed to Shared Growth, which for us means having a positive impact on society and delivering shareholder value.. 8. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. 1 207. 4 Mauritius. Stewardship. Our Balanced Scorecard provides a holistic approach to deliver commercial returns, while responding to stakeholders’ needs.. Employees1. 1 2 3. Includes permanent and temporary employees. Barclays Bank Tanzania. National Bank of Commerce.. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Branches.
(11) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. ...delivering our One Africa strategy. We are strongly positioned as a fully local bank with regional and LQWHUQDWLRQDOH[SHUWLVHDQGDVSLUHWREXLOGWKHOHDGLQJÀQDQFLDOVHUYLFHV group in our chosen countries in Africa, as well as selected customer and client segments, and to remain locally relevant and competitive in all our presence countries.. We continue our journey to distinguish ourselves … … from international banks by operating a bank with deep African insights from our local operations.. … from local and regional banks through our access to international technologies and products and our ability to connect our customers and clients seamlessly to international markets.. … by embodying Shared Growth as a business ethos and a sustainable way of conducting business.. Driving change through four strategic themes … African opportunity. Customer and client experience. Simplify and accelerate Powered by people and technology. Investing in the greatest growth opportunities and connecting Africa to international capital markets.. Making our customers’ and clients’ lives easier and helping them to prosper.. Simplifying our business processes to better serve our customers and clients, to sustainably reduce costs and WRLPSURYHHIÀFLHQFLHV. i Creating value propositions that provide integrated product offerings. i Automating end-to-end processes. Unlocking the power of a dynamic workforce enabled with technology, information and innovation to deliver value to our customers and clients.. i Serving growth areas such as construction, utilities and transportation, retail and wholesale, agriculture, and manufacturing i Enabling international client coverage, product distribution and execution. i Driving resilience in technology infrastructure i Using data insights and digital innovation to understand and i Leveraging robotics to respond to customer and accelerate business client needs i Using multiple channels to serve our customer and clients. i Shaping the working environment to enable engaged employees i Attracting, developing and retaining employees i 8VLQJDUWLÀFLDOLQWHOOLJHQFH as a complementary tool to our employees in interacting with our customers. Measured against our medium-term targets …. While building the Group of the future …. A return on equity in the range of 18 – 20%. We keep evolving and building new strategic capabilities that enable us to be relevant and competitive moving into the future such as launching new digital payment technologies (blockchain) and leveraging strategic partnerships to drive innovation (Rise Africa), increase market access and enhance our customer value propositions.. 7RSWKUHHE\UHYHQXHLQRXUÀYHNH\PDUNHWV (Botswana, Ghana, Kenya, South Africa and Zambia) A revenue share of 20 – 25% from outside South Africa A cost-to-income ratio in the low 50s. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. By focusing on …. 9.
(12) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. Consolidated salient features. 30 June. Change. 31 December. %. 2016. 2017. 2016. 36 324 20 498 7 391 7 618. 36 508 7 019 7 252. (1) 5 5 5. 39 956 . 728 985 1 137 876 696 362 87,1. 715 209 676 968 87,1. 2 (0) 3. 720 309 1 101 023 . 16,1 1,37 2,18 3,73. 16,1 1,29 2,08 . 16,6 . 4,93 0,96 42,6 56,4 (5,69) 28,0. 5,01 1,29 5,11 28,3. 1,08 55,2 26,9. 847,8 847,1 846,5 846,7. . . 899,9 899,7 873,1 872,9 475 1,9 12 644 12 206. 856,7 856,7 829,2 829,2 1,9 10 788 10 359. 16,1 17,4. . 15,1. 13,7 14,1. 12,1 10,8. 12,1 11,6. Statement of comprehensive income (Rm) Income Operating expenses 3URÀWDWWULEXWDEOHWRRUGLQDU\HTXLW\KROGHUV Headline earnings. 6WDWHPHQWRIÀQDQFLDOSRVLWLRQ Loans and advances to customers (Rm) Total assets (Rm) Deposits due to customers (Rm) Loans to deposits and debt securities ratio (%). Financial performance (%) Return on equity (RoE) Return on average assets (RoA) Return on risk-weighted assets (RoRWA) Non-performing loans (NPLs) ratio on gross loans and advances. Operating performance (%) Net interest margin on average interest-bearing assets1 Credit loss ratio on gross loans and advances to customers and banks Non-interest income as a percentage of total income Cost-to-income ratio Jaws Effective tax rate. Share statistics (million) Number of ordinary shares in issue Number of ordinary shares in issue (excluding treasury shares) Weighted average number of ordinary shares in issue Diluted weighted average number of ordinary shares in issue Headline earnings per ordinary share Diluted headline earnings per ordinary share Basic earnings per ordinary share Diluted basic earnings per ordinary share Dividend per ordinary share relating to income for the reporting period Dividend cover (times) NAV per ordinary share Tangible NAV per ordinary share. 5 5 5 5 3 — 17 18. 1 769,6 1 737,5 1 737,3 1 030 1,7 10 980 10 501. Capital adequacy (%) Barclays Africa Group Limited Absa Bank Limited. Common Equity Tier 1 (%) Barclays Africa Group Limited Absa Bank Limited. Note 1. 10. 7KH*URXSFKDQJHGLWVGHÀQLWLRQRI´,QWHUHVWEHDULQJDVVHWVDQGOLDELOLWLHVµWRRQO\LQFOXGHDVVHWVDQGOLDELOLWLHVWKDWJHQHUDWH´1HWLQWHUHVWLQFRPHµ7KLVUHVXOWHGLQ FHUWDLQLQWHUJURXSDVVHWVDQGOLDELOLWLHVEHLQJH[FOXGHGIURP´,QWHUHVWEHDULQJDVVHWVDQGOLDELOLWLHVµDVWKHVHJHQHUDWH´1RQLQWHUHVWLQFRPHµ&RQVHTXHQWO\ interest-bearing assets and liabilities have been restated for 30 June 2016 and 31 December 2016.. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Share statistics (cents).
(13) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. Consolidated salient features by segment. 30 June. Change. 31 December. %. 20161. 5 612. 6. 11 678. 1 001. (9) 76. 8 822 2 856. 1 512 574 (285) (152). 1 266 621 —. 19 (8) 15 100. 2 756 1 258 (712) —. South Africa Banking. 2,39. 2,32. 2,38. RBB South Africa CIB South Africa. 2,68 1,91. 2,95 1,16. 2,81 1,61. 1,91. . . South Africa Banking. 20,8. 20,2. 20,9. RBB South Africa CIB South Africa. 22,8 17,1. 25,5 10,3. . 17,4 19,3. 13,5 21,1. 15,1 21,7. South Africa Banking. 0,91. 1,28. 1,03. RBB South Africa CIB South Africa. 1,28 0,18. 0,97. 1,33 . 1,38 0,09. 1,68 (0,05). 1,62 0.13. 2017. 20161. South Africa Banking. 5 969. RBB South Africa CIB South Africa. 4 205 1 764. Headline earnings (Rm). Rest of Africa Banking WIMI +HDG2IÀFH7UHDVXU\DQGRWKHURSHUDWLRQVLQ6RXWK$IULFD Barclays separation. Return on average risk-weighted assets (%). Rest of Africa Banking. Return on regulatory capital (%). Rest of Africa Banking2 WIMI3. Credit loss ratio (%). Rest of Africa Banking WIMI South Africa Banking. 643 851. 626 370. 3. . RBB South Africa CIB South Africa. 439 167 204 684. 193 205. 1 6. 202 015. 78 938 5 485 711. 5 895 1 070. (7) . 77 877 5 660 618. South Africa Banking. 472 999. . 5. . RBB South Africa CIB South Africa. 289 695 183 304. 276 123 . 5 . 286 297 173 783. 119 996 4 904 98 463. 123 162 . (3) (0) 2. 111 993 . 295. . . 288. 31 63 209 (8). 36 59 197 (8). 7 6 —. 28 (8). Rest of Africa Banking WIMI +HDG2IÀFH7UHDVXU\DQGRWKHURSHUDWLRQVLQ6RXWK$IULFD. Deposits due to customers (Rm). Rest of Africa Banking WIMI +HDG2IÀFH7UHDVXU\DQGRWKHURSHUDWLRQVLQ6RXWK$IULFD. 2IIVWDWHPHQWRIÀQDQFLDOSRVLWLRQ 5EQ Assets under management and administration Exchange traded funds Money market Non-money market Intra-segment eliminations. Notes 1. These numbers have been restated, refer to the reporting changes overview on the inside front cover.. 2. As Rest of Africa Banking consists primarily of a set of legal entities, the denominator in the RoRC for the Rest of Africa Banking calculation is the sum of the average equity of the legal entities.. 3. As WIMI consists primarily of a set of legal entities with a smaller contribution from the Wealth division of Absa Bank Limited, the denominator in the RoRC for WIMI is calculated as the sum of average legal entities’ equity including the regulatory capital (RC) contribution for the Wealth division.. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Loans and advances to customers (Rm). 11.
(14) 12. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. This page has been left blank intentionally.
(15) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW. Salient features i. %DUFOD\V$IULFD*URXSGLVFORVHG,)56ÀQDQFLDOUHVXOWVWRJHWKHUZLWKDQRUPDOLVHGYLHZZKLFKDGMXVWVIRUWKHÀQDQFLDOFRQVHTXHQFHVRI separating from Barclays PLC.. i. 'LOXWHG+(36LQFUHDVHGWR FHQWVZKLOHQRUPDOLVHGGLOXWHG+(36JUHZWR FHQWV. i. 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Operating environment 7KHJOREDOHFRQRP\DQGPDUNHWVZHUHJHQHUDOO\ZHOOVXSSRUWHGLQWKHÀUVWKDOI86PRQHWDU\SROLF\FRQWLQXHGRQLWVJUDGXDOO\WLJKWHQLQJWUDMHFWRU\ DQGWKHHYROXWLRQRIWKH8.·VQHZUHODWLRQVKLSZLWKWKH(8UHPDLQHGDWDQHDUO\VWDJH 6RXWK$IULFD·VHFRQRP\VKUDQNRQDQDQQXDOLVHGEDVLVLQWKHÀUVWTXDUWHUSXOOLQJWKHHFRQRP\LQWRUHFHVVLRQ&UHGLWUDWLQJDJHQFLHV GRZQJUDGHG6RXWK$IULFD·VVRYHUHLJQUDWLQJVLQUHVSRQVHWRWKLVHFRQRPLFVORZGRZQFRQFHUQVRYHUJRYHUQDQFHDQGÀQDQFLDOSHUIRUPDQFHLQVWDWH RZQHGHQWHUSULVHVDQGJUHDWHUXQFHUWDLQW\LQHFRQRPLFSROLF\7KRXJKWKHUHLVHYLGHQFHRIDJULFXOWXUHUHFRYHULQJLQPDQ\SDUWVRIWKHFRXQWU\IURP WKHGURXJKWFRQGLWLRQVWKDWSHUVLVWHGLQODWHDQGPXFKRIRWKHUVHFWRUVRIWKHHFRQRP\DUHWDNLQJVWUDLQ+RXVHKROGLQFRPHVDUHXQGHU SUHVVXUHZLWKDSRRUMREPDUNHWDQGZHDNFRQVXPHUFRQÀGHQFHFRQWULEXWLQJWRZHDNXQGHUO\LQJGHPDQG%XVLQHVVVHFWRUVXUYH\VFRQWLQXHWR SRLQWWRYHU\ZHDNFRQÀGHQFHDQGDFRQFHUQRYHUWKHODFNRIFODULW\RQHFRQRPLFSROLF\7KHSULPHUDWHZDVÁDWLQWKHÀUVWKDOIDVWKH5HVHUYH%DQN EDODQFHGDEHWWHULQÁDWLRQRXWORRNZLWKFRQFHUQRIWKHSRWHQWLDOWKDWWKHGRZQJUDGHRIWKHFRXQWU\·VFUHGLWUDWLQJVFRXOGWULJJHUKLJKHULQÁDWLRQ (FRQRPLFSHUIRUPDQFHLQWKH*URXS·VSUHVHQFHPDUNHWVLQWKHUHVWRI$IULFDZDVPL[HGZLWKJHQHUDOO\LPSURYLQJRXWFRPHVLQFRXQWULHVOLNH*KDQD 0R]DPELTXHDQG8JDQGDDQGVRPHZKDWZHDNHUWUHQGVLQFRXQWULHVOLNH.HQ\D=DPELDDQG%RWVZDQD. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. 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(16) Group performance. 2. Segment performance. 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW Group performance Statement of financial position 7RWDODVVHWVGHFUHDVHGPDUJLQDOO\WR5EQDW-XQHGXHWRORZHUORDQVDQGDGYDQFHVWREDQNV2QDQRUPDOLVHGEDVLVH[FOXGLQJ WKH5EQFRQWULEXWLRQIURP%DUFOD\V3/&WRWDODVVHWVGHFOLQHGWR5EQ. Loans and advances to customers 1HWORDQVDQGDGYDQFHVWRFXVWRPHUVLQFUHDVHGWR5 EQRURQDFRQVWDQWFXUUHQF\EDVLV6RXWK$IULFDQ%DQNLQJORDQVURVHWR 5EQ5HWDLO%DQNLQJ6RXWK$IULFD·VORDQVJUHZWR5EQUHÁHFWLQJJURZWKLQ9HKLFOHDQG$VVHW)LQDQFH 9$) DQGKLJKHU3HUVRQDO /RDQVZKLOH+RPH/RDQVDQG&DUGGHFOLQHGDQGUHVSHFWLYHO\%XVLQHVV%DQNLQJ6RXWK$IULFD·VORDQVURVHWR5EQ&,%6RXWK$IULFD·V ORDQVJUHZWR5EQ5HVWRI$IULFD%DQNLQJORDQVGHFUHDVHGWR5 EQGHVSLWHLQFUHDVLQJLQFRQVWDQWFXUUHQF\. Funding 7KH*URXS·VOLTXLGLW\SRVLWLRQUHPDLQVVWURQJ'HSRVLWVGXHWRFXVWRPHUVJUHZWR5 EQ7KH*URXS·VORDQVWRGHSRVLWDQGGHEWVHFXULWLHVZDV ÁDWDW'HSRVLWVGXHWRFXVWRPHUVFRQVWLWXWHGRIWRWDOIXQGLQJIURPGXHWRDUHGXFWLRQLQGHSRVLWVIURPEDQNV5HWDLO%DQNLQJ 6RXWK$IULFDPDLQWDLQHGLWVOHDGLQJPDUNHWVKDUHDQGLQFUHDVHGGHSRVLWVWR5EQ%XVLQHVV%DQNLQJ6RXWK$IULFD·VGHSRVLWVJUHZWR 5 EQ&,%·VGHSRVLWVJUHZWR5EQLQFOXGLQJKLJKHUFKHTXHDFFRXQWGHSRVLWV5HVWRI$IULFD%DQNLQJGHSRVLWVGHFUHDVHGWR 5EQGHVSLWHLQFUHDVLQJ LQFRQVWDQWFXUUHQF\LQFOXGLQJ&,%JURZLQJ. Net asset value 7KH*URXS·V1$9URVHWR5EQDQGLWV1$9SHUVKDUHJUHZWRFHQWV2QDQRUPDOLVHGEDVLVERWKLQFUHDVHG'XULQJWKHKDOI LWJHQHUDWHGSURÀWVRI5EQIURPZKLFKLWSDLG5EQLQRUGLQDU\GLYLGHQGV,WVIRUHLJQFXUUHQF\WUDQVODWLRQUHVHUYHUHGXFHGIURP5EQWR 5EQ. Capital to risk-weighted assets *URXSULVNZHLJKWHGDVVHWV 5:$V LQFUHDVHGWR5EQDW-XQHGXHWRLQFUHDVHGFUHGLWULVN5:$V7KH*URXSUHPDLQVZHOO FDSLWDOLVHGFRPIRUWDEO\DERYHPLQLPXPUHJXODWRU\UHTXLUHPHQWV7KH*URXS·V&(7DQG7LHUFDSLWDODGHTXDF\UDWLRVZHUHDQG UHVSHFWLYHO\ IURPDQG 2QDQRUPDOLVHGEDVLVLWV&(7ZDV7KH*URXSJHQHUDWHGRI&(7FDSLWDOLQWHUQDOO\GXULQJWKH SHULRG,WVWRWDOQRUPDOLVHGFDSLWDODGHTXDF\UDWLRZDV'HFODULQJDKLJKHU'36RIFHQWVRQDGLYLGHQGFRYHURI WLPHVWRRNLQWR DFFRXQWWKHGLIÀFXOWDQGYRODWLOHPDFURHFRQRP\WKH*URXS·VVWURQJFDSLWDOSRVLWLRQLQWHUQDOFDSLWDOJHQHUDWLRQVWUDWHJ\DQGJURZWKSODQV. Statement of comprehensive income Net interest income 1HWLQWHUHVWLQFRPHGHFUHDVHGWR5P RU5 PRQDQRUPDOLVHGEDVLV IURP5 PZKLOHDYHUDJHLQWHUHVWEHDULQJDVVHWVJUHZ 1RUPDOLVHGQHWLQWHUHVWLQFRPHJUHZLQFRQVWDQWFXUUHQF\H[FOXGLQJWKHLPSDFWRIWKHVWURQJ5DQG. 7KH*URXS·VGHSRVLWPDUJLQGHFOLQHGESDVKLJKHUZKROHVDOHOLTXLGLW\SUHPLXPVDQGWKHQHJDWLYHPL[LPSDFWRILQFUHDVHGZKROHVDOHIXQGLQJ RIIVHWLPSURYHGSULFLQJLQ%XVLQHVV%DQNLQJDQG&RUSRUDWH +LJKHU6RXWK$IULFDQLQWHUHVWUDWHVUHVXOWHGLQDESVJUHDWHUHQGRZPHQWEHQHÀWRQGHSRVLWVDQGHTXLW\'HVSLWHUHOHDVLQJ5 PWRWKHLQFRPH VWDWHPHQWWKHEHQHÀWIURPVWUXFWXUDOKHGJLQJGHFOLQHGESV5HVWRI$IULFDUHGXFHGWKH*URXSPDUJLQE\ESVUHÁHFWLQJUHJXODWRU\FDSVLQ .HQ\DDQGLWVORZHUZHLJKWLQJLQWKHRYHUDOOFRPSRVLWLRQGXHWRWKHVWURQJHU5DQG 6RXWK$IULFD·VQHWLQWHUHVWPDUJLQQDUURZHGWRIURPDQG5HVWRI$IULFD·VGHFUHDVHGWRIURP . Non-interest income 1RQLQWHUHVWLQFRPHZDVODUJHO\ÁDWDW5PIURP5PWRDFFRXQWIRURIWRWDOUHYHQXH2QDQRUPDOLVHGEDVLVH[FOXGLQJD5P VHSDUDWLRQUHODWHGKHGJLQJJDLQQRQLQWHUHVWLQFRPHGHFOLQHGWR5 P2QDFRQVWDQWFXUUHQF\EDVLVQRUPDOLVHGQRQLQWHUHVWLQFRPH increased 1%. 1HWIHHDQGFRPPLVVLRQLQFRPHJUHZWR5PZKLFKUHSUHVHQWHGRIWRWDOQRQLQWHUHVWUHYHQXH(OHFWURQLFEDQNLQJIHHVDQG FRPPLVVLRQVLQFUHDVHGWR5PDQGFKHTXHDFFRXQWVURVHWR5 P&UHGLWFDUGVIHHVDQGFRPPLVVLRQVIHOOWR5PDQG VDYLQJVDFFRXQWVGHFUHDVHGWR5P&DUGPHUFKDQWLQFRPHJUHZWR5 P,QYHVWPHQWPDUNHWVH[HFXWLRQDQGLQYHVWPHQWEDQNLQJ IHHVLQFUHDVHG WR5P5HWDLO%DQNLQJ6RXWK$IULFDIHHVDQGFRPPLVVLRQVLQFUHDVHGWR5P 1HWWUDGLQJGHFOLQHGWR5PUHÁHFWLQJDUHGXFWLRQLQ6RXWK$IULFDWUDGLQJUHYHQXHDQGWKHHIIHFWRIWKHVWURQJ5DQG :LWKLQRWKHURSHUDWLQJLQFRPHWKHUHZDVD5PIRUHLJQFXUUHQF\WUDQVODWLRQUHVHUYHJDLQIURPWKHJURXS·V/RQGRQEUDQFKLQWKHÀUVWKDOIRI ZKLFKGLGQRWUHFXU7KLVLWHPZDVH[FOXGHGIURPKHDGOLQHHDUQLQJV. 14. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. 7KH*URXS·VQHWLQWHUHVWPDUJLQ WRDYHUDJHLQWHUHVWEHDULQJDVVHWV QDUURZHGWR IURP/RDQSULFLQJKDGDESVQHJDWLYHLPSDFW SULPDULO\GXHWRWKHLPSDFWRIORZHU1DWLRQDO&UHGLW$FW 1&$ FDSVRQXQVHFXUHGUHWDLOSRUWIROLRVLQ6RXWK$IULFDDQGVXVSHQGHGLQWHUHVWRQ13/ /RDQFRPSRVLWLRQUHGXFHGWKH*URXS·VPDUJLQE\ESVGXHWRDKLJKHUSURSRUWLRQRI&,%ORDQV.
(17) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW Group performance (continued) Statement of comprehensive income Non-interest income (continued). (continued). 6RXWK$IULFD%DQNLQJ·VQRQLQWHUHVWLQFRPHJUHZWR5P RIWKH*URXSWRWDO5HWDLO%DQNLQJ6RXWK$IULFDLQFUHDVHGWR5P DV7UDQVDFWLRQDODQG'HSRVLWVJUHZDQG&DUGLQFOXGLQJJURZWKLQDFTXLULQJYROXPHV%XVLQHVV%DQNLQJ·VQRQLQWHUHVWLQFRPHJUHZ WR5PFRPSRVHGRI JURZWKH[FOXGLQJHTXLWLHVDQGORZHUHTXLWLHVQRQLQWHUHVWLQFRPHGXHWRUHGXFHGUHYDOXDWLRQJDLQVLQWKH SRUWIROLR&,%6RXWK$IULFDZDVÁDWDW5PZLWK&RUSRUDWHXSDQGWKH,QYHVWPHQW%DQNGRZQGXHWRORZHU0DUNHWVUHYHQXH 5HVWRI$IULFD%DQNLQJ·VQRQLQWHUHVWLQFRPHGHFOLQHGWR5 PGXHWRWKHVWURQJ5DQGZKLFKRXWZHLJKHG JURZWKLQFRQVWDQWFXUUHQF\ &,%5HVWRI$IULFDLQFUHDVHGWR5PRULQFRQVWDQWFXUUHQF\JLYHQVWURQJJURZWKLQWUDGLQJUHYHQXH5%%5HVWRI$IULFDIHOOWR 5PRUE\LQFRQVWDQWFXUUHQF\GXHWRORZHUIHHVRQWUDQVDFWLRQDODFFRXQWV :,0,·VQRQLQWHUHVWUHYHQXHZDVÁDWDW5 PGHVSLWH/LIH,QVXUDQFHQHWSUHPLXPLQFRPHJURZLQJDV6KRUWWHUP,QVXUDQFHQHWSUHPLXP income declined 9%. 1RQLQWHUHVWLQFRPHLQ6RXWK$IULFDJUHZWR5PRURIWKHWRWDOZKLOH5HVWRI$IULFDIHOOWR5 PGHVSLWHJURZLQJLQ constant currency.. Impairment losses on loans and advances *URXSFUHGLWLPSDLUPHQWVGHFUHDVHGWR5PIURP5 PSURGXFLQJD FUHGLWORVVUDWLRIURP RIFXVWRPHUORDQVDQGORDQV WREDQNV&UHGLWLPSDLUPHQWVLQFOXGHGFROOHFWLRQFRVWVRI5P *URXS13/VGHFUHDVHGWR5PRURIJURVVORDQVDQGDGYDQFHVIURP DQG DW'HFHPEHU 7RWDO13/FRYHUDJH ZDVODUJHO\ÁDWDWIURP7RWDOEDODQFHVKHHWSURYLVLRQVGHFUHDVHGWR5 P3RUWIROLRSURYLVLRQVLQFUHDVHGWR5 P FRQVWLWXWLQJRIWRWDOSHUIRUPLQJORDQVIURP7KLVLQFOXGHVKLJKHUPDFURHFRQRPLFLPSDLUPHQWVRI5P 6RXWK$IULFD%DQNLQJFUHGLWLPSDLUPHQWVGHFUHDVHGWR5PUHVXOWLQJLQD FUHGLWORVVUDWLRIURP5%%6RXWK$IULFD·VFKDUJH fell 9% to R2 911m. 5HWDLO%DQNLQJFUHGLWLPSDLUPHQWVGHFOLQHGWR5PLPSURYLQJLWVFUHGLWORVVUDWLRWR IURP+RPH/RDQV·FKDUJHUHGXFHG WR5PDFUHGLWORVVUDWLRIURP0RUWJDJH13/FRYHUUHGXFHGWR IURP UHÁHFWLQJDQLPSURYHGOHJDOSRUWIROLR FRQVWUXFWZKLOHLWVSHUIRUPLQJORDQSRUWIROLRSURYLVLRQZDVÁDWDW9HKLFOHDQG$VVHW)LQDQFH·VFUHGLWLPSDLUPHQWVGHFUHDVHGWR5P UHGXFLQJLWVFUHGLWORVVUDWLRWRIURP&DUGFUHGLWLPSDLUPHQWVGHFUHDVHGWR5PGXHWRDUHGXFWLRQLQWKHVWRUHFDUGERRN DQGORZHUHDUO\DUUHDUVUHVXOWLQJLQDFUHGLWORVVUDWLRIURP 3HUVRQDO/RDQVFUHGLWLPSDLUPHQWVURVHUHÁHFWLQJVWULFWHUZULWHRII FULWHULDZKLFKLQFUHDVHGLWVFUHGLWORVVUDWLRWRIURP %XVLQHVV%DQNLQJ6RXWK$IULFDFUHGLWLPSDLUPHQWVIHOOWR5 PUHÁHFWLQJORZHUHDUO\DUUHDUVDFURVVDOOLWVSRUWIROLRVDQGLPSURYHGFROOHFWLRQ FDSDELOLWLHV,WVFUHGLWORVVUDWLRGHFUHDVHGWRIURP. 5HVWRI$IULFD%DQNLQJFUHGLWLPSDLUPHQWVGHFUHDVHGRULQFRQVWDQWFXUUHQF\WR5PIURP5 P,WVFUHGLWORVVUDWLRGHFUHDVHGWR IURP5%%5HVWRI$IULFD·VFKDUJHIHOO RULQFRQVWDQWFXUUHQF\WR5PUHÁHFWLQJDQLPSURYHGSRUWIROLRFRQVWUXFWDQG LQFUHDVHGIRFXVRQFROOHFWLRQV&,%5HVWRI$IULFD·VFUHGLWLPSDLUPHQWVGHFUHDVHG RULQFRQVWDQWFXUUHQF\RIIDKLJKEDVHWKDWLQFOXGHGDQ DGMXVWPHQWWRHPHUJHQFHSHULRGVDQGVRPHVSHFLÀFH[SRVXUHV. Operating expenses *URXSRSHUDWLQJH[SHQVHVJUHZWR5 PIURP5 PUHVXOWLQJLQDFRVWWRLQFRPHUDWLRIURP2QDQRUPDOLVHGEDVLV H[FOXGLQJ5PRIVHSDUDWLRQUHODWHGFRVWVH[SHQVHVLQFUHDVHGWR5PDQGWKHFRVWWRLQFRPHUDWLRZDV1RUPDOLVHGRSHUDWLQJ H[SHQVHVLQFUHDVHGLQFRQVWDQWFXUUHQF\DGMXVWLQJIRUWKHVWURQJHU5DQG 6WDIIFRVWVJUHZDQGDFFRXQWHGIRURIWRWDOH[SHQVHV6DODULHVURVHRULQFRQVWDQWFXUUHQF\H[FOXGLQJ%DUFOD\V3/&VHSDUDWLRQ FRVWV%RQXVHVLQFUHDVHGZKLOHGHIHUUHGFDVKDQGVKDUHEDVHGSD\PHQWVJUHZDVQHZVFKHPHVZHUHLQWURGXFHG 1RQVWDIIFRVWVJUHZZLWKSURSHUW\UHODWHGFRVWVÁDWDW5PDQGGHSUHFLDWLRQXSWR5 P7RWDO,7VSHQGJUHZWR5PDQG FRQVWLWXWHG RI*URXSH[SHQVHV3URIHVVLRQDOIHHVLQFUHDVHGWR5PGXHHQWLUHO\WRVHSDUDWLRQUHODWHGFRQVXOWDQF\DQG,7 GHYHORSPHQWFRVWVVLQFHEXVLQHVVDVXVXDOSURIHVVLRQDOIHHVIHOO0DUNHWLQJJUHZ WR5PLQFOXGLQJDQHOHPHQWRIVHSDUDWLRQFRVWV SOXVUHWDLOSURGXFWFDPSDLJQVDQGWKH*URXS·V6KDUHG*URZWKLQLWLDWLYH$PRUWLVDWLRQRILQWDQJLEOHDVVHWVLQFUHDVHGGXHWRLQYHVWPHQWLQ GLJLWDOGDWDDQGDXWRPDWLRQFDSDELOLWLHV 6RXWK$IULFD%DQNLQJFRVWVJUHZWR5P5%%6RXWK$IULFDLQFUHDVHGUHÁHFWLQJFRQWLQXHGLQYHVWPHQWLQIURQWOLQHVWDIIPDUNHWLQJ FDPSDLJQVDQGUHWDLOSURGXFWODXQFKHVDQGLQGLJLWDODQGFKDQQHOV&,%6RXWK$IULFDH[SHQVHVJUHZEHORZLQÁDWLRQDWDVHIÀFLHQF\LQLWLDWLYHV DOORZHGFRQWLQXHGLQYHVWPHQWLQWHFKQRORJ\ZKLFKLQFUHDVHG. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. &,%6RXWK$IULFDFUHGLWLPSDLUPHQWVGHFUHDVHGWR5PIURP5P7KHÀUVWKDOIEDVHLQFOXGHGWZRODUJHVLQJOHQDPHH[SRVXUHV DQGLQFUHDVHGSRUWIROLRSURYLVLRQV,WVFUHGLWORVVUDWLRUHGXFHGWRIURPDKLJKSULRU\HDUEDVHRI &,%·VZDWFKOLVWVFRQWLQXHWRLPSURYH ZLWKUHGXFHGHDUO\DQGODWHVWDJHDUUHDUV. 15.
(18) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW Group performance (continued) Statement of comprehensive income (continued) Operating expenses (continued) 5HVWRI$IULFD%DQNLQJH[SHQVHVGHFUHDVHGGXHWRWKHVWURQJ5DQG,WVFRVWVLQFUHDVHGLQFRQVWDQWFXUUHQF\ZLWK&,%JURZLQJDQG5%% ULVLQJ5HVWRI$IULFD%DQNLQJ·VFRVWWRLQFRPHUDWLRLPSURYHGIURP WRZKLFKLVVLPLODUWRWKHRI6RXWK$IULFD%DQNLQJ 2WKHUH[SHQVHVGHFUHDVHGWR5PUHÁHFWLQJORZHU¶RWKHULPSDLUPHQWV·WR5PDQGKLJKHULQGLUHFWWD[DWLRQRI5P2QD QRUPDOLVHGEDVLVRWKHUH[SHQVHVGHFUHDVHGH[FOXGLQJD5PFRPSXWHUVRIWZDUHLPSDLUPHQWRQ%DUFOD\V1HWZKLFKWKH*URXSZLOOQR ORQJHUXVHIROORZLQJWKHVHSDUDWLRQIURP%DUFOD\V3/&. Taxation 7KH*URXS·VWD[DWLRQH[SHQVHLQFUHDVHGWR5PVOLJKWO\OHVVWKDQWKHJURZWKLQSUHWD[SURÀWUHVXOWLQJLQDHIIHFWLYHWD[UDWH IURP$GMXVWLQJIRUWKH5PHIIHFWRIVHSDUDWLRQWD[DWLRQURVHWR5 PRQDQRUPDOLVHGEDVLV. Segment performance 7KH*URXS·VVHJPHQWDOGLVFORVXUHKDVFKDQJHGWRDOLJQZLWKKRZWKHEDQNLQJRSHUDWLRQVDUHQRZUXQDORQJJHRJUDSKLFUDWKHUWKDQGLYLVLRQDOOLQHV. South Africa Banking +HDGOLQHHDUQLQJVJUHZWR5 PGXHWRORZHUFUHGLWLPSDLUPHQWVDVLWVSUHSURYLVLRQSURÀWGHFOLQHGWR5 P5HYHQXHJUHZ WR5PZLWKQRQLQWHUHVWLQFRPHLQFUHDVLQJ&RVWVJUHZWR5PZKLFKLQFUHDVHGWKHFRVWWRLQFRPHUDWLRWRIURP 7KHFUHGLWORVVUDWLRLPSURYHGWR IURPDVDOOWKHGLYLVLRQVLPSURYHG6RXWK$IULFD%DQNLQJFRQVWLWXWHGRIWRWDOQRUPDOLVHG KHDGOLQHHDUQLQJV H[FOXGLQJWKH*URXSFHQWUH DQGJHQHUDWHGDQ5R5&RI. Retail Banking South Africa +HDGOLQHHDUQLQJVGHFUHDVHGWR5 PDVSUHSURYLVLRQSURÀWVGHFOLQHGSDUWLDOO\RIIVHWE\ORZHUFUHGLWLPSDLUPHQWV7UDQVDFWLRQDO DQG'HSRVLWVHDUQLQJVGURSSHGWR5PJLYHQQHJDWLYHRSHUDWLQJ-DZVDVFRVWVJUHZ+RPH/RDQV·HDUQLQJVIHOO WR5P ODUJHO\GXHWRORZHUQHWLQWHUHVWLQFRPHDVORDQVGHFOLQHGDQGLWVPDUJLQQDUURZHGEHFDXVHRILQFUHDVHGLQWHUHVWVXVSHQGHG&DUGHDUQLQJV GHFUHDVHGUHÁHFWLQJORZHUORDQVDQGPDUJLQFRPSUHVVLRQDVDUHVXOWRIWKHUHGXFHG1&$FDSV 9HKLFOHDQG$VVHW)LQDQFHHDUQLQJVURVHODUJHO\GXHWRORDQJURZWKDQGORZHUFUHGLWLPSDLUPHQWV3HUVRQDO/RDQVHDUQLQJVIHOO JLYHQKLJKHUFUHGLWLPSDLUPHQWVDQGPDUJLQSUHVVXUHGXHWRWKH1&$FDSV5HWDLO%DQNLQJ6RXWK$IULFDDFFRXQWHGIRURIWRWDOHDUQLQJV H[FOXGLQJWKH*URXSFHQWUH. Business Banking South Africa +HDGOLQHHDUQLQJVGHFOLQHGWR5PGXHWRQHJDWLYHRSHUDWLQJ-DZV+LJKHUIXQGLQJFRVWVUHGXFHGQHWLQWHUHVWLQFRPHDQGFRVWVJUHZ UHÁHFWLQJFRQWLQXHGLQYHVWPHQWLQIURQWOLQHVWDIIDQGV\VWHPV&UHGLWLPSDLUPHQWVGURSSHG%XVLQHVV%DQNLQJ6RXWK$IULFDJHQHUDWHGRI RYHUDOOHDUQLQJVH[FOXGLQJWKH*URXSFHQWUH. +HDGOLQHHDUQLQJVLQFUHDVHGWR5PODUJHO\GXHWRDQUHGXFWLRQLQFUHGLWLPSDLUPHQWVRIIDKLJKEDVH3UHSURYLVLRQSURÀWVJUHZ DVUHYHQXHJURZWKH[FHHGHGKLJKHUFRVWV&RUSRUDWHHDUQLQJVJUHZWR5PGXHWRUHYHQXHJURZWKDQGORZHUFUHGLW LPSDLUPHQWV,QYHVWPHQW%DQNHDUQLQJVLQFUHDVHGWR5PODUJHO\GXHWRORZHUFUHGLWLPSDLUPHQWV&,%6RXWK$IULFDDFFRXQWHGIRU RIWRWDOHDUQLQJVH[FOXGLQJWKH*URXSFHQWUH. Rest of Africa Banking +HDGOLQHHDUQLQJVJUHZ RULQFRQVWDQWFXUUHQF\WR5PGXHWRSRVLWLYHRSHUDWLQJ-DZVDQGORZHUFUHGLWLPSDLUPHQWV 3UHSURYLVLRQSURÀWLQFUHDVHGRULQFRQVWDQWFXUUHQF\WR5 P5HYHQXHIHOOWR5PPDVNLQJJURZWKLQFRQVWDQW FXUUHQF\:KLOHFRVWVIHOOWR5 PLWLQFUHDVHGLQFRQVWDQWFXUUHQF\VWLOOZHOOEHORZLQÁDWLRQDFURVVWKHSRUWIROLR,WVFRVWWRLQFRPH UDWLRGHFOLQHGWRIURP &UHGLWLPSDLUPHQWVIHOOWR5PUHVXOWLQJLQDFUHGLWORVVUDWLRIURP5HVWRI$IULFD %DQNLQJDFFRXQWHGIRU RIWRWDOHDUQLQJVH[FOXGLQJWKH*URXSFHQWUHDQGJHQHUDWHGD5R(IURP. RBB Rest of Africa +HDGOLQHHDUQLQJVIHOOWR5PDOWKRXJKLWLQFUHDVHGLQFRQVWDQWFXUUHQF\5HYHQXHGHFOLQHGRULQFRQVWDQWFXUUHQF\UHÁHFWLQJ PDUJLQSUHVVXUHGXHWRUHJXODWRU\FKDQJHVLQ.HQ\DDQGORZHUORDQV GRZQLQFRQVWDQWFXUUHQF\ &RVWVIHOO LQFUHDVHGLQ FRQVWDQWFXUUHQF\ UHVXOWLQJLQD FRVWWRLQFRPHUDWLRIURP &UHGLWLPSDLUPHQWVGHFUHDVHG LQFRQVWDQWFXUUHQF\ LPSURYLQJLWVFUHGLWORVVUDWLRWR IURP5%%5HVWRI$IULFDFRQWULEXWHGRIWRWDOHDUQLQJVH[FOXGLQJWKH*URXSFHQWUH. CIB Rest of Africa +HDGOLQHHDUQLQJVJUHZWR5PRULQFRQVWDQWFXUUHQF\5HYHQXHJUHZ RULQFRQVWDQWFXUUHQF\ WRH[FHHGORZHUFRVWV XSLQFRQVWDQWFXUUHQF\ DQGSURGXFHG KLJKHUSUHSURYLVLRQSURÀWV,WVFRVWWRLQFRPHUDWLRIHOOWRIURP&UHGLWLPSDLUPHQWV GURSSHG LQFRQVWDQWFXUUHQF\ UHVXOWLQJLQDFUHGLWORVVUDWLRIURP&,%5HVWRI$IULFDFRQWULEXWHGRIWRWDOHDUQLQJV H[FOXGLQJWKH*URXSFHQWUH. 16. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. CIB South Africa.
(19) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW. WIMI +HDGOLQHHDUQLQJVGHFUHDVHGWR5PZLWKFRQWLQXLQJEXVLQHVVOLQHVGHFOLQLQJ6RXWK$IULFDQHDUQLQJVIURPFRQWLQXLQJOLQHVGHFUHDVHG WR5PZKLOHWKHORVVHVLQ5HVWRI$IULFDLQFUHDVHGWR5P*URVVRSHUDWLQJLQFRPHIURPFRQWLQXLQJOLQHVJUHZWR5PZKLOH FRVWVURVHWR5P/LIHLQVXUDQFHHDUQLQJVZHUHÁDWDW5PLPSDFWHGE\DGHFUHDVHLQVLQJOHSUHPLXPLQYHVWPHQWIHHVKLJKHUFODLPV DQGQHZEXVLQHVVVWUDLQ:,0,·VHDUQLQJVZHUHDOVRÁDWDW5PDOWKRXJKLWVDVVHWVXQGHUPDQDJHPHQWJUHZWR5 EQ6KRUWWHUP LQVXUDQFHHDUQLQJVLQ6RXWK$IULFDGHFOLQHGWR5PUHÁHFWLQJFODLPVRQWZRQDWXUDOGLVDVWHUV([FOXGLQJWKHVHHYHQWVLWVXQGHUZULWLQJ PDUJLQLPSURYHGWR:,0,·VUHWXUQRQHTXLW\GHFOLQHGWR IURPDQGLWJHQHUDWHGRIWRWDOHDUQLQJVH[FOXGLQJWKH*URXSFHQWUH. 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(20) Group performance. 2. Segment performance. 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. 3URÀWDQGGLYLGHQGDQQRXQFHPHQW Declaration of interim ordinary dividend number 62 6KDUHKROGHUVDUHDGYLVHGWKDWDQLQWHULPRUGLQDU\GLYLGHQGRIFHQWVSHURUGLQDU\VKDUHZDVGHFODUHGRQ-XO\IRUWKHSHULRGHQGHG -XQH7KHLQWHULPRUGLQDU\GLYLGHQGLVSD\DEOHWRVKDUHKROGHUVUHFRUGHGLQWKHUHJLVWHURIPHPEHUVRIWKH&RPSDQ\DWWKHFORVHRIEXVLQHVV RQ6HSWHPEHU7KHGLUHFWRUVRI%DUFOD\V$IULFD*URXS/LPLWHGFRQÀUPWKDWWKH*URXSZLOOVDWLVI\WKHVROYHQF\DQGOLTXLGLW\WHVWLPPHGLDWHO\ DIWHUFRPSOHWLRQRIWKHGLYLGHQGGLVWULEXWLRQ 7KHGLYLGHQGZLOOEHVXEMHFWWRORFDOGLYLGHQGVZLWKKROGLQJWD[DWDUDWHRI,QDFFRUGDQFHZLWKSDUDJUDSKV D L WR L[ DQG F RI WKH-6(/LVWLQJV5HTXLUHPHQWVWKHIROORZLQJDGGLWLRQDOLQIRUPDWLRQLVGLVFORVHG i. 7KHGLYLGHQGKDVEHHQGHFODUHGRXWRILQFRPHUHVHUYHV. i. 7KHORFDOGLYLGHQGWD[UDWHLVWZHQW\SHUFHQW . i. 7KHJURVVORFDOGLYLGHQGDPRXQWLVFHQWVSHURUGLQDU\VKDUHIRUVKDUHKROGHUVH[HPSWIURPWKHGLYLGHQGWD[. i. 7KHQHWORFDOGLYLGHQGDPRXQWLVFHQWVSHURUGLQDU\VKDUHIRUVKDUHKROGHUVOLDEOHWRSD\WKHGLYLGHQGWD[. i. %DUFOD\V$IULFD*URXS/LPLWHGFXUUHQWO\KDV RUGLQDU\VKDUHVLQLVVXH LQFOXGHV WUHDVXU\VKDUHV . i. %DUFOD\V$IULFD*URXS/LPLWHG·VLQFRPHWD[UHIHUHQFHQXPEHULV . ,QFRPSOLDQFHZLWKWKHUHTXLUHPHQWVRI6WUDWHWKHHOHFWURQLFVHWWOHPHQWDQGFXVWRG\V\VWHPXVHGE\WKH-6(/LPLWHGWKHIROORZLQJVDOLHQWGDWHVIRU WKHSD\PHQWRIWKHGLYLGHQGDUHDSSOLFDEOH /DVWGD\WRWUDGHFXPGLYLGHQG. 7XHVGD\6HSWHPEHU. 6KDUHVFRPPHQFHWUDGLQJH[GLYLGHQG. :HGQHVGD\6HSWHPEHU. 5HFRUGGDWH. )ULGD\6HSWHPEHU. 3D\PHQWGDWH. 0RQGD\6HSWHPEHU. 6KDUHFHUWLÀFDWHVPD\QRWEHGHPDWHULDOLVHGRUUHPDWHULDOLVHGEHWZHHQ:HGQHVGD\6HSWHPEHUDQG)ULGD\6HSWHPEHUERWKGDWHV LQFOXVLYH2Q0RQGD\6HSWHPEHUWKHGLYLGHQGZLOOEHHOHFWURQLFDOO\WUDQVIHUUHGWRWKHEDQNDFFRXQWVRIFHUWLÀFDWHGVKDUHKROGHUV7KH DFFRXQWVRIWKRVHVKDUHKROGHUVZKRKDYHGHPDWHULDOLVHGWKHLUVKDUHV ZKLFKDUHKHOGDWWKHLUSDUWLFLSDQWRUEURNHU ZLOODOVREHFUHGLWHGRQ 0RQGD\6HSWHPEHU 2QEHKDOIRIWKH%RDUG. N R Drutman. -RKDQQHVEXUJ 28 July 2017 %DUFOD\V$IULFD*URXS/LPLWHGLVDFRPSDQ\GRPLFLOHGLQ6RXWK$IULFD,WVUHJLVWHUHGRIÀFHLVWK)ORRU%DUFOD\V7RZHUV:HVW7UR\H6WUHHW -RKDQQHVEXUJ. 18. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Group Company Secretary.
(21) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIFRPSUHKHQVLYHLQFRPH for the reporting period ended. Note Net interest income. 2. Interest and similar income ,QWHUHVWH[SHQVHDQGVLPLODUFKDUJHV Non-interest income. 3. Net fee and commission income Fee and commission income )HHDQGFRPPLVVLRQH[SHQVH . Net insurance premium income 1HWFODLPVDQGEHQHÀWVLQFXUUHGRQLQVXUDQFHFRQWUDFWV &KDQJHVLQLQYHVWPHQWDQGLQVXUDQFHFRQWUDFWOLDELOLWLHV *DLQVDQGORVVHVIURPEDQNLQJDQGWUDGLQJDFWLYLWLHV *DLQVDQGORVVHVIURPLQYHVWPHQWDFWLYLWLHV Other operating income. Total income ,PSDLUPHQWORVVHVRQORDQVDQGDGYDQFHV Operating income before operating expenditure 2SHUDWLQJH[SHQGLWXUH 2WKHUH[SHQVHV Other impairments ,QGLUHFWWD[DWLRQ. Rm. Change %. 'HFHPEHU Rm. 20 837. 21 093. . 42 003. 42 938 (22 101). 42 559 . 1 3. 85 114 . 15 487. 15 415. 0. 30 391. 10 618. 10 305. 3. 20 723. 3.1 3.1. 12 084 (1 466). 11 859 . 2 . 23 972 . 3.2 3.3 3.4 3.5 3.7. 3 250 (1 694) (558) 3 104 448 319. 2 989 277 . 32 4 . 51 1 124. 4. 36 324 (3 773). . . 72 394 . 32 551 (20 498) (1 120). 31 311 . 4 5 . . (376) (744). . 15. . 79. 55. 44. 115. 11 012 (3 080). . 4 3. . 7 932. . 4. 15 847. 7 391 361 180. 7 019 423 . 5 7. 14 708 788 351. 7 932. . 4. 15 847. 873,1 872,9. . 5 5. . 5. . 6KDUHRISRVWWD[UHVXOWVRIDVVRFLDWHVDQGMRLQWYHQWXUHV Operating profit before income tax 7D[DWLRQH[SHQVH. 30 June 2017 Rm. 7. Profit for the reporting period. 3URÀWDWWULEXWDEOHWR 2UGLQDU\HTXLW\KROGHUV Non-controlling interest – ordinary shares Non-controlling interest – preference shares. 1 1. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. (DUQLQJVSHUVKDUH %DVLFHDUQLQJVSHUVKDUH FHQWV 'LOXWHGEDVLFHDUQLQJVSHUVKDUH FHQWV. 19.
(22) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIFRPSUHKHQVLYHLQFRPH for the reporting period ended. 30 June 2017 Rm. Rm. Change %. 'HFHPEHU Rm. . 4. 15 847. (31). . . . &KDQJHVLQRZQFUHGLWULVNRQOLDELOLWLHVPHDVXUHGDW)973/. (26). —. 100. —. )DLUYDOXHORVVHVDULVLQJIURPFKDQJHVLQRZQFUHGLWULVNGXULQJWKH reporting period. (26). —. 100. —. (5). . . . (6) 2 (1). . . (414). . . . 0RYHPHQWLQIRUHLJQFXUUHQF\WUDQVODWLRQUHVHUYH. (675). . . . Differences in translation of foreign operations *DLQVUHOHDVHGWRSURÀWRUORVV. (623) (52). . . . 518. . . . 874. 2 399. . 2 721. . . . (257). 118. . . (349) 18 74. 130 — . 100 . . 7 487. . 8. . 7 036 271 180. 273 . 8 7. 11 931 403 351. 7 487. . 8. . Profit for the reporting period. 7 932. 2WKHUFRPSUHKHQVLYHLQFRPH Items that will not be reclassified to profit or loss. 0RYHPHQWLQUHWLUHPHQWEHQHÀWIXQGDVVHWVDQGOLDELOLWLHV 'HFUHDVHLQUHWLUHPHQWEHQHÀWVXUSOXV ,QFUHDVHLQUHWLUHPHQWEHQHÀWGHÀFLW 'HIHUUHGWD[ Items that are or may be subsequently reclassified to profit or loss. 0RYHPHQWLQFDVKÁRZKHGJLQJUHVHUYH )DLUYDOXHJDLQVDULVLQJGXULQJWKHUHSRUWLQJSHULRG $PRXQWUHPRYHGIURPRWKHUFRPSUHKHQVLYHLQFRPHDQGUHFRJQLVHG LQSURÀWRUORVV 'HIHUUHGWD[ 0RYHPHQWLQDYDLODEOHIRUVDOHUHVHUYH )DLUYDOXH ORVVHV JDLQVDULVLQJGXULQJWKHUHSRUWLQJSHULRG 5HOHDVHWRSURÀWRUORVV 'HIHUUHGWD[ Total comprehensive income for the reporting period. (157) (199). 41. 2UGLQDU\HTXLW\KROGHUV Non-controlling interest – ordinary shares Non-controlling interest – preference shares. 20. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. 7RWDOFRPSUHKHQVLYHLQFRPHDWWULEXWDEOHWR .
(23) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIÀQDQFLDOSRVLWLRQ as at. 30 June 2017 Rm. Rm. Change %. 'HFHPEHU Rm. 45 078 115 834 63 451 101 554 2 278 36 091 536 2 601 728 985 814 19 131 1 144 268 15 044 3 714 1 353. 47 734 1 455 37 275 1 714 715 209 814 19 910 1 005 894 988. 14 57 2 — 14 13 2 37. 114 315 49 789 1 745 25 542 894 823 720 309 985 478 4 049 1 328. 1 137 876. . . 1 101 023. 49 290 42 564 1 478 38 082 1 974 — 114 696 362 140 192 29 918 4 495 15 963 1 113. 77 927 53 020 2 357 37 085 94 9 144 522 28 019 13 548 . 3 >100 3 7 18 . 53 192 47 429 3 005 244 9 139 714 29 198 1 185. 1 021 545. 1 041 794. . 998 743. 1 694 12 868 87 799 4 750. 4 412 78 078 7 180. — >100 12 . 5 293. Non-controlling interest – ordinary shares Non-controlling interest – preference shares. 107 111 4 576 4 644. . 17 —. 93 057 4 579 . Total equity. 116 331. . . 102 280. 1 137 876. . . 1 101 023. Note. Assets &DVKFDVKEDODQFHVDQGEDODQFHVZLWKFHQWUDOEDQNV ,QYHVWPHQWVHFXULWLHV /RDQVDQGDGYDQFHVWREDQNV 7UDGLQJSRUWIROLRDVVHWV Hedging portfolio assets Other assets &XUUHQWWD[DVVHWV Non-current assets held for sale /RDQVDQGDGYDQFHVWRFXVWRPHUV Reinsurance assets ,QYHVWPHQWVOLQNHGWRLQYHVWPHQWFRQWUDFWV ,QYHVWPHQWVLQDVVRFLDWHVDQGMRLQWYHQWXUHV ,QYHVWPHQWSURSHUWLHV 3URSHUW\DQGHTXLSPHQW *RRGZLOODQGLQWDQJLEOHDVVHWV 'HIHUUHGWD[DVVHWV. 8. Total assets. /LDELOLWLHV 'HSRVLWVIURPEDQNV 7UDGLQJSRUWIROLROLDELOLWLHV +HGJLQJSRUWIROLROLDELOLWLHV 2WKHUOLDELOLWLHV 3URYLVLRQV &XUUHQWWD[OLDELOLWLHV 1RQFXUUHQWOLDELOLWLHVKHOGIRUVDOH Deposits due to customers 'HEWVHFXULWLHVLQLVVXH /LDELOLWLHVXQGHULQYHVWPHQWFRQWUDFWV 3ROLF\KROGHUOLDELOLWLHVXQGHULQVXUDQFHFRQWUDFWV %RUURZHGIXQGV 'HIHUUHGWD[OLDELOLWLHV. 9 10. 11. Total liabilities. $WWULEXWDEOHWRRUGLQDU\HTXLW\KROGHUV Share capital Share premium Retained earnings 2WKHUUHVHUYHV. Total liabilities and equity. 11 11. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. (TXLW\ Capital and reserves. 21.
(24) Group performance Segment performance. 2 53. Normalised performance overview Salient features. 3. Overview. 54. South Africa Banking. 61. 10. Per market segment. 58. Rest of Africa Banking. 93. Operational reviews. 61. WIMI. Risk management. 133. Profit and dividend announcement. 13. Appendices. 157. Financials. 19. Notes to the financials. 27. 113. &RQGHQVHGFRQVROLGDWHGVWDWHPHQWRIFKDQJHVLQHTXLW\ for the reporting period ended. Number of ordinary shares ’000. Share capital Rm. Share premium Rm. Retained earnings Rm. Total other reserves Rm. 846 675. 1 693. 4 467. 81 604. 5 293. —. —. —. 7 360. 3URÀWIRUWKHSHULRG. —. —. —. 7 391. 2WKHUFRPSUHKHQVLYHLQFRPH. —. —. —. (31). —. —. —. (4 832). —. —. 7RWDOFRPSUHKHQVLYHLQFRPH. 'LYLGHQGVSDLG 3XUFKDVHRI*URXSVKDUHVLQUHVSHFWRIHTXLW\VHWWOHG VKDUHEDVHGSD\PHQWDUUDQJHPHQWV (OLPLQDWLRQRIWKHPRYHPHQWLQWUHDVXU\VKDUHVKHOGE\ Group entities. (525). 26. (324) — (324) — —. 395. 1. (14). —. —. —. 525. —. (268). 7UDQVIHUIURPVKDUHEDVHGSD\PHQWUHVHUYH. —. —. 525. —. (525). 9DOXHRIHPSOR\HHVHUYLFHV. —. —. —. —. 276. 'HIHUUHGWD[. —. —. —. —. (19). 0RYHPHQWLQJHQHUDOFUHGLWULVNUHVHUYH. —. —. —. 30. (30). 6KDUHRISRVWWD[UHVXOWVRIDVVRFLDWHVDQGMRLQWYHQWXUHV. —. —. —. (79). 79. Disposal of non-controlling interest1. —. —. —. —. —. Barclays separation2. —. —. 8 415. 3 690. —. 847 070. 1 694. 12 868. 87 799. 4 750. 0RYHPHQWLQVKDUHEDVHGSD\PHQWUHVHUYH. Balance at the end of the reporting period. —. Notes 1 7KH*URXSGLVSRVHGRILWVFRQWUROOLQJVWDNHLQDQRQFRUHVXEVLGLDU\ZKLFKZDVFODVVLÀHGDVKHOGIRUVDOH 2 $VSDUWRILWVGLYHVWPHQW%DUFOD\V3/&FRQWULEXWHG5EQLQUHFRJQLWLRQRIWKHLQYHVWPHQWVUHTXLUHGIRUWKH*URXSWRVHSDUDWHIURP%DUFOD\V3/&7KHPDMRULW\RIWKH FRQWULEXWLRQPHHWVWKHGHÀQLWLRQRIDWUDQVDFWLRQZLWKDVKDUHKROGHUDQGLQWHUPVRI,$6Presentation of Financial StatementsZDVUHFRJQLVHGLQHTXLW\RQWKHGDWH WKDWWKH*URXSEHFDPHHQWLWOHGWRWKHFRQWULEXWLRQ. 22. Barclays Africa Group Limited Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. Balance at the beginning of the reporting period.
(25) Risk management overview. 134. Segment reports as reported on 31 December 2016. 158. Capital management. 144. Share performance. 168. Shareholder information and diary. 169. Glossary. 170. Abbreviations and acronyms. 177. 30 June 2017. 757 — — —. Availablefor-sale reserves Rm. Cash flow hedging reserve Rm. 377. (144). (313). 518. — (313). — 518. Foreign currency translation reserve Rm 2 353 (529) — (529). Share- Associates based and joint payment ventures’ reserve reserve Rm Rm. Capital and reserves attributable to ordinary equity holders Rm. NonNoncontrolling controlling interest – interest – ordinary preference shares shares Rm Rm. Total equity Rm. 6. 892. 1 052. 93 057. 4 579. 4 644. —. —. —. 7 036. 271. 180. 7 487. —. —. —. 7 391. 361. 180. 7 932. —. 102 280. —. —. —. (355). (90). —. —. —. —. —. —. —. (4 832). (243). —. —. —. —. —. —. —. (499). —. —. —. —. —. —. —. —. —. (13). —. —. (13). —. —. —. —. —. (268). —. 257. (8). —. 249. —. —. —. —. —. (525). —. —. (8). —. —. —. —. —. —. 276. —. 276. —. —. 276. (180). (445) (5 255) (499). (8). —. —. —. —. —. (19). —. (19). —. —. (19). (30). —. —. —. —. —. —. —. —. —. —. —. —. —. —. —. —. 79. —. —. —. —. —. —. —. —. —. —. —. —. (23). —. (23). —. —. —. —. —. —. —. 12 105. —. —. 12 105. 727. 64. 374. 1 824. 6. 624. 1 131. 107 111. 4 576. 4 644. 116 331. www.barclaysafrica.com Interim financial results for the reporting period ended 30 June 2017. WorldReginfo - 21dab60b-14a2-4ea8-8059-4af40a631271. General creditrisk reserve Rm. Foreign insurance subsidiary regulatory reserve Rm. 23.
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