Unaudited Interim Financial Statements for the nine months ended 31 March 2019

For the nine months ended 31 March 2019, AfrAsia Bank Limited (the 'Bank') registered an operating income of MUR 2.8bn, a strong increase of 35.5% compared to MUR 2.0bn for the same period last year.The Profit after tax for the period stood at MUR 1.3bn (MUR 644.2m for same period last year).

 

Total loans and advances to customers stood at MUR 27.4bn and deposits from customers at MUR 123.1bn as at the end of March 2019, that is, maintaining a healthy liquidity position. Deposits grew by 10.5% from June 2018 to March 2019. The Bank continues to secure a reasonable share of the market while remaining prudent in its lending.

 

The Bank’s Capital Adequacy Ratio stood at 14.9% as at end of March 2019 against a regulatory limit of 12.9%. The Capital Adequacy Ratio was at 14.7%for the same quarter last year.