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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
MANAGEMENT DISCUSSION AND ANALYSIS
ECONOMIC OVERVIEWAND OUTLOOK 115 The Domestic Landscape – Review of 2014/2015 115 Global Outlook and Regional Developments 127 BUSINESS SEGMENTS REVIEW135
Corporate Banking 135 Private Banking and Wealth Management 137 Global Business Banking 140 Treasury 144 Africa Strategy 148 South Africa Representative Offices 150 London Representative Office 151 Zimbabwe 151 NON BANKING SUBSIDIARIES 152 AfrAsia Capital Management 152 AfrAsia Corporate Finance 154 FINANCIAL HIGHLIGHTS – YEAR UNDER REVIEW 156 CURRENT PERFORMANCE AGAINST OBJECTIVES AND FUTURE GROWTH 156 FINANCIAL ANALYSIS 158 Revenue Growth 158