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.

Factsheet Financial Year End 2019

BACB has continued to strengthen its balance sheet throughout 2019; taking important steps in our return to profitability whilst shoring up the foundations of our business, preparing the Bank for the future. 

We have focused on several areas of enhancement, refining our asset quality and revising our risk appetite throughout our areas of operation; making strong strategic hires across the organisation including the key areas of client coverage. We are improving the resilience and functionality of our internal operations in core areas, such as compliance screening; as well as bolstering the expertise of our diverse and talented team. 

By adhering fully to these priorities, we have returned a profit of £8.1m before tax as at 2019-year end, with our capital strength increasing from 14% to 20%. Importantly, the enhancements undertaken this year have complemented our core principles of providing relationship-driven banking services that make a difference to our clients. 

The COVID-19 environment in 2020 underscores the importance of the Bank’s prudent and disciplined growth strategy. We remain committed to our clients and core markets, whilst continuing to protect the wellbeing and interests of our staff and shareholders. 

Sector expertise and a robust network in the regions we operate are crucial components for the future. BACB has received market recognition for these characteristics, being awarded Best Trade Finance Bank in North Africa at the GTR Leaders in Trade Awards 2020. 

We remain committed to providing specialist banking for specialist markets in the times ahead.

Download Factsheet PDF

£8.1m

2019 profit before tax

£2.78bn

total assets

£64.0m Operating Income

down 1%

19.6%

total capital ratio

4%

non-performing loan ratio

  2019 2018 2017 2016  2015

Financial Position (£m)

         
Operating Income before Loan impairments 64.0 64.8 53.4 42.7 38.5
Profit/(Loss) before income tax 8.1 (35.4) 7.3 2.6 (15.1)
Profit/(Loss) for the year 7.6 (35.3) 6.8 2.7 (14.5)
Total Assets 2,779 3,894 2,953 2,939 3,021
Total Loans 1,841 2,079 2,086 1,624 1,596
Total Equity 178 168 217 208 210
Tier 1 & 2 Capital (Eligible Capital) 236 233 281 278 271

Ratios (%)

         
Capital Adequacy1 19.6% 14.3% 16.3% 19.7% 19.9%
Cost Income Ratio2 58% 59% 67% 77% 90%
Return on Tier 1 Capital 4% -22% 3% 1% -7%
Return on Tier 1 & 2 (Total Eligible Capital) 3% -15% 2% 1% -6%
Non Performing Loans % 5% 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
During 2018 the Bank has adopted IFRS 9 and changed its recognition and measurement of some financial assets and liabilities. Due to the transition method chosen, comparative information in respect of 2017 and prior years has not been restated.

We’re ready to listen

Our head office is in the City of London and we have Representative Offices in Abidjan, Algiers 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.

Make an Enquiry

* indicates a required field.

Representative Offices

Algeria

Tour Algeria Business Center
12 Eme Etage
Pins Maritimes
El Mohammadia
16212 Algiers
Rep: Abdelaziz Izri
Tel: +213 21 89 14 34
Fax: +213 21 89 14 36
Email: abdelaziz.izri@bacb.co.uk
view in Google Maps

Cô​​te D'Ivoire

15 bis, Avenue Franchet d'Esperey
Immeuble Ollo
1er Etage Escalier B
Abidjan – Plateau
Cô​​te D'Ivoire
Rep: Patrick Porquet
Tel: +225 20 20 24 88
Email: patrick.porquet@bacb.co.uk
view in Google Maps

Libya

Floor 11
Office no. 111
PO Box 91051
Tripoli
Rep: Esam Shakshuki
Tel: +218 21 335 1489
Fax: +218 21 335 1732
Email: esam.shakshuki@bacb.co.uk
view in Google Maps