| African Bank Investments Limited (ABIL) is a
publicly quoted bank-controlling company listed on
the JSE Limited. |
| |
| ABIL services approximately 1,5 million clients through its 550 branches and 3 000 staff members and currently has an advances book totalling R11 billion. |
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| PURPOSE |
| ABIL’s purpose is to provide our clients with unsecured credit that is: |
| • |
Affordable, responsible
and convenient |
|
| |
| We do this by: |
| ABIL’s purpose is to provide our clients with unsecured credit that is: |
| • |
Unlocking access to credit
through risk innovation |
| • |
Growing successful initiatives
to market dominance |
| • |
Driving down the cost
of credit |
|
| |
| Affordable |
| To bring down the cost of credit |
| Striving for a low cost model |
| In an environment where constant adaptation is
required to stay ahead, one cannot allow embedded
legacy. Our focus is kept narrow and our processes
are reviewed constantly to remove complexity and
reduce cost. A low cost model enables us to offer
appropriately-priced products, fend off
competition and make sure clients
continue to choose us. |
| |
| Convenience |
Satisfying our clients' needs
for hassle-free access to and
utilisation
of credit |
| Committed to sustaining our position of
market leadership by saying yes to more
people, more swiftly |
We acknowledge that value to clients covers a multitude of attributes and we aim to differentiate
ourselves not only through competitive pricing, but also by
focusing on: |
| • |
Levels of service; |
| • |
Speed of delivery; |
| • |
Convenient access; and |
| • |
Flexible and innovative product offerings. |
|
| |
| Responsibility |
| We recognise that the provision of credit has a delicate balance in terms of its
impact on society. In the past, a significant section of our society has survived
on a wage and cash-based existence without access to financial products and
credit. ABIL believes that the responsible provision of credit allows people to: |
| • |
Harness and leverage today's ideas and energy, and to make repayments out of the future fruits
of these actions. |
| • |
Manage short-term unpredictable and variable expenditures against steady income streams. |
| • |
Make realistic lifestyle investments and improvements
and repay these out of future income streams. |
|
| |
However, we also recognise that pushed too far,
this can create a future burden of over-indebtedness
that outweighs the benefit and utility that the initial
credit provides.
Key to our lending process is the assessment
of an individual's capacity to take on credit
and our capability to offer a product, price
and term that fulfil their
credit needs. |
| |
| Balance |
| Accountable in all facets
of our existence |
| As a public company we embrace our
responsibilities to various stakeholder
groups |
| • |
Shareholders require sustainable returns commensurate with the risk in our business
and honest communication. |
| • |
Clients have needs and choices. Our role is to understand these needs and to provide
the right products, at affordable prices and in a convenient way, to satisfy them. |
| • |
Employees need to thrive and be motivated and incentivised to excel. Without their
enthusiasm, dedication and experience the business cannot exist. |
| • |
Regulators demand compliance, governance and respect for the law. |
| • |
Communities need to share in the prosperity they make possible, in a responsible and
sustainable way. |
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