WATCH: African Bank CEO Kennedy Bungane on lender’s return to profit
Business Day TV speaks to Bungane after the bank more than double its interim profit after tax
24 May 2022 - 21:08
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Easing its lending criteria has helped African Bank more than double its interim profit after tax. The lender has reported an 11% increase in gross loans and advancements, and its credit loss ratio has declined to 4.6% from 6.1%. Business Day TV spoke to CEO Kennedy Bungane for his take on the performance.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: African Bank CEO Kennedy Bungane on lender’s return to profit
Business Day TV speaks to Bungane after the bank more than double its interim profit after tax
Easing its lending criteria has helped African Bank more than double its interim profit after tax. The lender has reported an 11% increase in gross loans and advancements, and its credit loss ratio has declined to 4.6% from 6.1%. Business Day TV spoke to CEO Kennedy Bungane for his take on the performance.
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