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African Bank Smashes Growth Targets as Diversification Strategy Pays Off

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African Bank has hit a major milestone, crossing 6.3 million customers as its Excelerate strategy delivers one of the biggest growth stories in South African banking. In studio, Group CEO Kennedy G. Bungane breaks down how the bank transformed from a mono-line lender into a diversified, data-led, full-service institution trusted by millions.

We unpack the Bank’s 2025 annual results, including a 17% surge in total assets, healthier credit metrics, double-digit growth in customer deposits, and the expansion of both Personal and Business Banking. Bungane also explains how new capabilities from secured lending and digital onboarding for SMMEs to a rapidly scaling insurance offering are positioning African Bank for long-term, sustainable growth.
24 Nov 2025 3PM English South Africa Business News · Investing

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