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Announcement
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
(“Standard Bank Group” or “the group”)
ANNOUNCEMENT
In terms of the requirements under Regulation 43(1)(e) of the regulations relating to banks and
Directive 4/2014 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum
disclosure on the capital adequacy of the group and its leverage ratio is required on a quarterly basis.
This disclosure is in accordance with Pillar 3 of the Basel III accord.
Capital adequacy and leverage
The capital adequacy and leverage ratios for the group and The Standard Bank of South Africa
Limited are set out below.
Standard Bank Group
Capital adequacy
Mar 2017
Rm
Ordinary share capital and premium 18 099
Ordinary shareholders' reserves 1 130 572
Qualifying common equity tier I non-controlling interest 4 750
Regulatory deductions against common equity tier I capital (34 126)
Common equity tier I capital 119 295
Unappropriated Profit (7 222)
Common equity tier 1 capital excluding unappropriated profit 112 073
Additional Tier 1 instruments 4 491
Qualifying tier I non-controlling interest 673
Tier I capital excluding unappropriated profit 117 237
Tier II subordinated debt instruments 16 291
General allowances for credit impairments 2 197
Total qualifying capital excluding unappropriated profit 135 725
Minimum total regulatory capital requirement ² 95 895
Capital adequacy ratios (excl. unappropriated profit)
Total capital adequacy ratio (%) 15.2
Tier I capital adequacy ratio (%) 13.1
Common equity tier I capital adequacy ratio (%) 12.6
Capital adequacy ratios (incl. unappropriated profit)
Total capital adequacy ratio (%) 16.0
Tier I capital adequacy ratio (%) 14.0
Common equity tier I capital adequacy ratio (%) 13.4
1
Including unappropriated profits.
² Measured at 10.75% in line with transitional requirements and excludes any bank-specific capital requirements. There is currently no requirement for
a countercyclical buffer add-on in South Africa. The impact on the group's countercyclical buffer requirement from other jurisdictions that the group
operates in is insignificant (buffer requirement of 0.0001%).
Leverage ratio
Mar 2017 Dec 2016 Sept 2016 Jun 2016
Tier I capital (excl. unappropriated profit, Rm) 117 237 118 020 111 701 116 464
Tier I capital (incl. unappropriated profit, Rm) 124 459 126 188 119 257 123 775
Total exposures (Rm) 1 822 110 1 821 551 1 798 857 1 817 388
Leverage ratio (excl. unappropriated profits, %) 6.4 6.5 6.2 6.4
Leverage ratio (incl. unappropriated profits, %) 6.8 6.9 6.6 6.8
The Standard Bank of South Africa Limited and its subsidiaries
Capital adequacy
Mar 2017
Rm
Ordinary share capital and premium 41 198
Ordinary shareholders' reserves 1 50 476
Regulatory deductions against common equity tier I capital (19 529)
Common equity tier I capital 72 145
Unappropriated Profit (4 470)
Common equity tier 1 capital excluding unappropriated profit 67 675
Additional Tier 1 instruments 1 744
Tier I capital excluding unappropriated profit 69 419
Tier II subordinated debt instruments 18 355
General allowances for credit impairments 313
Regulatory deductions – investment in Tier II instruments of other banks (2 852)
Total qualifying capital excluding unappropriated profit 85 235
Minimum total regulatory capital requirement ² 60 834
Capital adequacy ratios (excl. unappropriated profit)
Total capital adequacy ratio (%) 15.1
Tier I capital adequacy ratio (%) 12.3
Common equity tier I capital adequacy ratio (%) 12.0
Capital adequacy ratios (incl. unappropriated profit)
Total capital adequacy ratio (%) 15.9
Tier I capital adequacy ratio (%) 13.1
Common equity tier I capital adequacy ratio (%) 12.7
1
Including unappropriated profits.
² Measured at 10.75% in line with transitional requirements and excludes any bank-specific capital requirements. There is currently no
requirement for the countercyclical buffer add-on in South Africa. The impact on The Standard Bank of South Africa Limited’s countercyclical
buffer requirement from other jurisdictions that have announced a countercyclical buffer requirement is insignificant (buffer requirement of
0.0002%).
Leverage ratio
Mar 2017 Dec 2016 Sept 2016 Jun 2016
Tier I capital (excl. unappropriated profit, Rm) 69 419 68 097 67 965 68 387
Tier I capital (incl. unappropriated profit, Rm) 73 889 76 866 72 578 72 905
Total exposures (Rm) 1 369 622 1 379 147 1 360 038 1 369 638
Leverage ratio (excl. unappropriated profits, %) 5.1 4.9 5.0 5.0
Leverage ratio (incl. unappropriated profits, %) 5.4 5.6 5.3 5.3
Liquidity coverage ratio
In terms of the Basel III requirements in Directive 11/2014 issued in terms of section 6(6) of the Banks
Act, (Act No. 94 of 1990), banks are directed to comply with the minimum disclosure on the liquidity
coverage ratio (LCR) of the group and the bank on a quarterly basis. This disclosure is in accordance
with Pillar 3 of the Basel III liquidity accord.
The LCR is designed to promote short-term resilience of the 30 calendar day liquidity profile, by
ensuring that banks have sufficient high quality liquid assets (HQLA) to meet potential outflows in a
stressed environment. The minimum regulatory requirement for 2017 is 80% and will increase by
10% each year to 100% on 1 January 2019.
The Standard Bank of
Standard Bank Group South Africa Limited
Solo
Mar 2017 Mar 2017
Total high quality liquid assets (Rm) 197 736 142 717
Net cash outflows (Rm) 168 634 154 634
LCR (%) 117.3 92.3
Minimum requirement (%) 80.0 80.0
Notes:
1
Only banking and/or deposit taking entities are included and the group data represent an aggregation of the relevant individual net cash
outflows and the individual HQLA portfolios, where surplus HQLA holding in excess of the minimum requirement of 80% have been excluded
from the aggregated HQLA number in the case of all Africa Regions entities.
² The above figures for Standard Bank Group reflect the simple average of 90 days of daily observations over the previous quarter ended 31
March 2017 for The Standard Bank of South Africa Limited including The Standard Bank of South Africa Isle of Man branch, Stanbic Bank
Ghana, Stanbic Bank Uganda, Standard Bank Isle of Man Limited and Standard Bank Jersey Limited. The remaining Africa Regions banking
entities results are based on the month-end values at 31 January 2017, 28 February 2017 and 31 March 2017. The figures are based on the
regulatory submission to the South Africa Reserve Bank.
The information contained in this announcement has not been reviewed and reported on by the
group's external auditors.
Johannesburg
26 May 2017
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 26/05/2017 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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