Corporate Profile & Overview

"Our aim is to leverage the group's lines of business and strategic partners to generate further synergies while targeting new markets in Africa, Asia, and beyound."

 

JEAN JUPPIN DE FONDAUMIERE
Chairperson

"The most satisfying element of our performance has been the progress made in driving our customer centric initiatives to provide a more personalised and seamless service."

 

SANJIV BHASIN
CEO

Sustainability Report

 

AfrAsia Bank believes in adopting an integrated approach to its strategy. The Bank is providing for the first time, both an Integrated Report, which gives a detailed overview of its financial performance, and a Sustainability Report, providing a comprehensive overview of its sustainability strategy and initiatives.

VIEW OUR SUSTAINABILITY REPORT
(to be read in conjunction with AfrAsia Bank’s Integrated Report)

Corporate Governance Report

The Board of Directors (Board) deems that endorsing quality norms and beliefs of corporate governance in the Bank provide a solid bedrock for sustainability, a long haul value creation for all of its stakeholders and promote a culture of debate and openness.

VIEW OUR CORPORATE GOVERNANCE REPORT

Risk Management Report


“With a clear vision of where we want to be heading and an elaborate risk appetite framework, AfrAsia Bank is fully prepared to manage and mitigate the risks and challenges across the various products we offer and in the various markets we operate.”

ARVIND M. SETHI
Chairman of Board Risk Committee

VIEW OUR RISK MANAGEMENT REPORT

Management Discussion & Analysis

“AfrAsia Bank’s financial position continued to strengthen during the last financial year, despite a challenging environment characterised by increased uncertainty in global markets which remain the core segment for the Bank’s activity.”

JENNIFER JEAN-LOUIS
Chief Financial Officer

VIEW MANAGEMENT DISCUSSION & ANALYSIS

Financial Statements

VIEW OUR FINANCIAL STATEMENTS

About This Report

REPORTING PERIOD
AfrAsia Bank Limited (the “Bank” or “AfrAsia Bank” or “ABL” or “AfrAsia”) Integrated Report 2019 is a thorough report that addresses our economic, environmental and social performance for the financial year 2018-2019, as well as our vision and goals.
TARGETED AUDIENCE
This report is intended for all stakeholders of the Bank. Together with the Sustainability Report (available on our website), this report 2019 gives emphasis to material issues, value creation over the short, medium and long-terms, as well as disclosure and transparency to enable our stakeholders make informed decisions.
INTERNATIONAL STANDARDS
Last year, AfrAsia Bank submitted its first Integrated Report which was based on the Integrated Reporting Framework as directed by the International Integrated Reporting Council (IIRC) and based on the GRI Reporting Principles, as set of standards that are essential to reporting non-financial metrics. For the first time in its history, AfrAsia Bank is providing both an Integrated Report which gives a detailed overview of its financial performance and a summary of its sustainability strategy. AfrAsia Bank’s first Sustainability Report (available at website) must be read in conjunction with its Integrated Report and provides a comprehensive overview of its sustainability strategy and initiatives.
BOUNDARIES
This report includes information pertaining to AfrAsia Bank Limited and its subsidiaries. The boundaries for Key Performance Indicators have been clearly stated in light of our commitment to being more transparent with regards to our stakeholders.
FORWARD LOOKING STATEMENT
Note that this report also includes forward-looking statements, which may change in future in line with the corporate strategy and vision.