BACB Summary (English) | BACB

BACB Summary

Key financials & contacts

Who we are

BACB is an international wholesale bank. We provide tailored trade solutions to clients, with a focus on facilitating trade to and from developing markets in Africa and the Middle East.

Established in 1972, BACB is a UK-registered public limited company. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

What we do

We are based in multicultural London, banking capital of the world, which provides our clients with the assurance of dealing with a UK regulated bank. It enables us to tap into a diverse, talented range of experienced international bankers, who understand our core markets and who are aligned with the Bank’s ambition to make a difference in the markets in which we do business.

The Bank aims to build long-term added value relationships and a sustainable revenue base, leveraging our core competency in facilitating cross border trade with our chosen clients and markets.

At BACB we always put our clients first and provide specialised trade finance products and services, as well as a high-end UK real estate finance offering.

2019 Factsheet

We are focused on strengthening the Bank by reviewing our core business, our risk appetite and leveraging our new core banking system. Our growth strategy is focused on providing excellent service and value-add solutions to our clients. BACB is well placed to build on our client-centric approach, extensive network and the expertise of our multi-cultural and diverse, talented team in facilitating value-add trade solutions.

We are firmly focused on delivering sustainable profitable growth. We continue to monitor the impact of BREXIT on the Bank, which we currently assess to be limited.

To date, 2019 has been a year of significant progress in BACB’s vision for growth. Currently tracking ahead of target, the Bank has achieved revenues of more than £40m and profits of £12.6m with a reduced cost to income ratio. This has been achieved by ongoing strong performance across the business, as well as a revised risk appetite based on the quality of the business we undertake so that we continue to close the gap and deliver ‘sustainable profitable growth’.

BACB is supported by its sector expertise and an extensive network across Africa and was awarded Best Trade Finance Bank in North Africa at the GTR Leaders in Trade Awards 2019.

Despite operating in dynamic and constantly evolving markets, with the backdrop of a challenging global landscape, BACB’s performance continues to prove just what our business is capable of.

Download Factsheet PDF

Financial Highlights: Interim Profits H1 2019

The performance as at 30 June 2019 shows a profit of £12.6 million, which has been approved for inclusion in regulatory capital.

£3.24bn total assets 19% increase in operating income from H1 2018 increase in operating income to £35.7m 18.7% total capital ratio* 225% liquidity coverage ratio
  H1 2019 FY 2018 FY 2017 FY 2016 FY 2015

Financial Position (£m)

         
Operating Income before Loan impairments 35.7 64.8 53.4 42.7 38.5
Profit/(Loss) before income tax 13.6 (35.4) 7.3 2.6 (15.1)
Profit/(Loss) for the year 12.6 (35.3) 6.8 2.7 (14.5)
Total Assets 3,242 3,894 2,953 2,939 3,021
Total Loans 1,829 2,079 2,086 1,624 1,596
Total Equity 185 168 217 208 210
Tier 1 & 2 Capital (Eligible Capital) 235 233 281 278 271

Ratios (%)

         
Capital Adequacy1 18.7%* 14.3% 16.3% 19.7% 19.9%
Cost Income Ratio2 58% 59% 67% 77% 90%
Return on Tier 1 Capital 8% -22% 3% 1% -7%
Return on Tier 1 & 2 (Total Eligible Capital) 5% -15% 2% 1% -6%
Non Performing Loans % 8% 10% 4% 3% 3%

1 Tier 1 and 2 capital divided by Risk Weighted Assets
2 Based on Administrative Expenses divided by Operating Income before allowances for credit losses
* Includes the H1 2019 profit of £12.6m

Our Approach

We are BACB, a unique team of bankers who offer a bespoke service, and an absolute commitment to a long term, highly effective and personal relationship with all our clients.

This approach is endorsed by more than 48 years’ experience facilitating international trade.

We’re ready to listen

Our head office is in the City of London and we have Representative Offices in Abidjan, Algiers, Dubai, Munich and Tripoli. For specific product and service enquiries departmental contacts are also provided.

London office details

8-10 Mansion House Place
London, EC4N 8BJ, UK
View on Google Maps

Tel: +44 (0)20 7648 7777
Fax: +44 (0)20 7600 3318
SWIFT: BACM GB 2L
Reuters: BACM
Email: enquiries@bacb.co.uk

Calls may be recorded.

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Representative Offices

Algeria

Tour Algeria Business Center
12 Eme Etage
Pins Maritimes
El Mohammadia
16212 Algiers

Cô​​te D'Ivoire

15 bis, Avenue Franchet d'Esperey
Immeuble Ollo
1er Etage Escalier B
Abidjan – Plateau
Cô​​te D'Ivoire

UAE

Office 504
Standard Chartered Tower
Level 5, Emaar Square
Downtown, Burj Khalifa
Dubai
U.A.E.

Libya

Floor 11
Office no. 111
PO Box 91051
Tripoli

Germany

Office 309
Maximilianstrasse 13
80539 Munich
Germany
International Expertise learn more about our expertise