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BARCLAYS \ABSA - Basel III Pillar disclosure as at 30 September 2016
BARCLAYS AFRICA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)
ISIN: ZAE000174124 ISIN: ZAE000079810
JSE share code: BGA JSE share code: ABSP
(Barclays Africa Group) (Absa Bank)
BARCLAYS AFRICA GROUP LIMITED – BASEL III PILLAR 3 DISCLOSURE AS AT 30 SEPTEMBER 2016
The quarterly Pillar 3 disclosure is made in accordance with the requirements of the Banks Act, No. 94 of 1990 (the Banks
Act).
1) Capital Adequacy
Barclays Africa Group Limited
Barclays Africa Group Limited remains capitalised above the minimum regulatory capital requirements, with Tier 1 and Total
Capital Adequacy ratios being within our board approved target capital ranges and Common Equity Tier 1 above the board
approved target capital ranges. As at 30 September 2016, Barclays Africa Group Limited’s Common Equity Tier 1 ratio was
11.7%, Tier 1 ratio was 12.3% and Total Capital Adequacy ratio was 14.4%.
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The table below represents the capital position for Barclays Africa Group Limited at 30 September 2016 and the comparatives
at 30 June 2016.
30 Sep 2016(1) 30 Jun 2016(1)
Regulatory Capital Position (excluding unappropriated profit) Rm % Rm %
Common Equity Tier 1 capital 78 553 11.1% 79 249 11.3%
Share capital and premium 6 084 6 106
Reserves 75 207 75 621
Non-controlling interest - ordinary shares 2 163 2 219
Deductions (4 901) (4 697)
Additional Tier 1 capital 3 657 0.5% 3 713 0.6%
Tier 1 capital 82 210 11.6% 82 962 11.9%
Tier 2 capital 15 123 2.2% 13 645 1.9%
Total capital 97 333 13.8% 96 607 13.8%
Statutory Capital Position (including unappropriated profit)
Common Equity Tier 1 capital 82 873 11.7% 84 377 12.1%
Tier 1 capital 86 529 12.3% 88 090 12.6%
Total capital 101 652 14.4% 101 735 14.6%
Board Approved Target Ranges(2)
Common Equity Tier 1 capital 9.5% - 11.5% 9.5% - 11.5%
Tier 1 capital 10.5% - 12.5% 10.5% - 12.5%
Total capital 13.0% - 15.0% 13.0% - 15.0%
30 Sep 2016(1) 30 Jun 2016(1)
Minimum Minimum
Risk Weighted Assets (RWA) and Minimum Required
required required
Capital per Risk Type RWA capital(3) RWA capital(3)
Rm Rm Rm Rm
Credit risk 500 900 51 969 506 576 52 558
Counterparty credit risk 33 334 3 459 26 773 2 778
Equity investment risk 9 620 998 10 611 1 101
Market risk 31 001 3 216 25 160 2 610
Operational risk 100 310 10 407 100 310 10 407
Non-customer assets 30 577 3 172 29 255 3 035
Total RWA and minimum required capital 705 742 73 221 698 685 72 489
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Absa Bank Limited (4)
Absa Bank Limited remains capitalised above the minimum regulatory capital requirements and above our board approved
target capital ranges. As at 30 September 2016, Absa Bank Limited’s Common Equity Tier 1 ratio was 11.0%, Tier 1 ratio was
11.6% and Total Capital Adequacy ratio was 14.4%.
The table below represents the capital position for Absa Bank Limited at 30 September 2016 and comparatives at
30 June 2016.
30 Sep 2016(1) 30 Jun 2016(1)
Regulatory Capital Position (excluding unappropriated
Rm % Rm %
profit)
Common Equity Tier 1 capital 51 429 10.1% 50 908 10.1%
Share capital and premium 23 354 23 268
Reserves 32 613 31 791
Deductions (4 538) (4 151)
Additional Tier 1 capital 2 768 0.5% 2 768 0.6%
Tier 1 capital 54 197 10.6% 53 676 10.7%
Tier 2 capital 14 539 2.8% 12 913 2.6%
Total capital 68 736 13.4% 66 589 13.3%
Statutory Capital Position (including unappropriated
profit)
Common Equity Tier 1 capital 56 506 11.0% 54 410 10.8%
Tier 1 capital 59 274 11.6% 57 178 11.4%
Total capital 73 813 14.4% 70 091 14.0%
Board Approved Target Ranges(2)
Common Equity Tier 1 capital 9.0% - 10.5% 9.0% - 10.5%
Tier 1 capital 10.0% - 11.5% 10.0% - 11.5%
Total capital 12.5% - 14.0% 12.5% - 14.0%
30 Sep 2016(1) 30 Jun 2016(1)
Minimum Minimum
Risk Weighted Assets (RWA) and Minimum Required
required required
Capital per Risk Type RWA capital(3) RWA capital(3)
Rm Rm Rm Rm
Credit risk 364 073 37 773 364 121 37 777
Counterparty credit risk 32 726 3 395 26 600 2 760
Equity investment risk 2 624 272 3 146 326
Market risk 24 235 2 514 20 950 2 174
Operational risk 69 859 7 248 69 859 7 248
Non-customer assets 18 173 1 886 17 164 1 781
Total RWA and minimum required capital 511 690 53 088 501 840 52 066
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2) Leverage ratio
The leverage ratio framework is complementary to the risk-based capital framework and is a non-risk based contingency
measure to restrict the build-up of excessive leverage in the banking sector.
The table below represents the leverage ratios for Barclays Africa Group Limited at 30 September 2016 and the comparatives
at 30 June 2016.
Barclays Africa Group Limited
30 Sep 2016(1) 30 Jun 2016(1)
Tier 1 Capital (excluding unappropriated profit) (Rm) 82 210 82 962
Tier 1 Capital (including unappropriated profit) (Rm) 86 529 88 090
Total Exposures (Rm) 1 255 335 1 336 240
Leverage Ratio (excluding unappropriated profit) 6.5% 6.2%
Leverage Ratio (including unappropriated profit) 6.9% 6.6%
Minimum Required Leverage Ratio 4.0% 4.0%
Board Target Leverage Ratio > or = 4.5% > or = 4.5%
The table below represents the leverage ratios for Absa Bank Limited at 30 September 2016 and the
comparatives at 30 June 2016.
Absa Bank Limited(4)
30 Sep 2016(1) 30 Jun 2016(1)
Tier 1 Capital (excluding unappropriated profit) (Rm) 54 197 53 676
Tier 1 Capital (including unappropriated profit) (Rm) 59 274 57 178
Total Exposures (Rm) 1 083 526 1 148 984
Leverage Ratio (excluding unappropriated profit) 5.0% 4.7%
Leverage Ratio (including unappropriated profit) 5.5% 5.0%
Minimum Required Leverage Ratio 4.0% 4.0%
Board Target Leverage Ratio > or = 4.5% > or = 4.5%
3) Liquidity Coverage Ratio
The objective of the liquidity coverage ratio (LCR) is to promote the short-term resilience of the liquidity risk profile of banks by
ensuring that they have sufficient high quality liquid assets (HQLA) to survive a significant stress scenario lasting 30 calendar
days. The LCR requirement, from 1 January 2015, was 60% and will increase by 10% per year to 100% on 1 January 2019.
The requirement for 2016 is 70%.
The LCR is calculated as the value of HQLA divided by total net cash outflows. HQLA represents the value of assets that can
be easily and immediately converted into cash. Net cash outflows are calculated according to regulations.
Absa Bank Limited successfully applied for a committed liquidity facility from the South African Reserve Bank under guidance
note 8 of 2014 and 5 of 2015, which is included in HQLA for LCR purposes from January 2016.
Barclays Africa Group Limited
Barclays Africa Group Limited holds HQLA in excess of the regulatory minimum requirement. The table below represents the
average LCR for Barclays Africa Group Limited(5) at 30 September 2016 and the comparatives at 30 June 2016(6):
30 Sep 2016(1) 30 Jun 2016(1)
High Quality Liquid Assets (Rm) 130 326 129 086
Net Cash Outflows (Rm) 150 251 154 656
Liquidity Coverage Ratio 86.7% 83.5%
Required Liquidity Coverage Ratio 70.0% 70.0%
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Absa Bank Solo(7)
Absa Bank Solo holds HQLA in excess of the regulatory minimum requirement. The table below represents the average LCR
for Absa Bank Solo at 30 September 2016 and the comparatives at 30 June 2016(6):
30 Sep 2016(1) 30 Jun 2016(1)
High Quality Liquid Assets (Rm) 121 589 118 301
Net Cash Outflows (Rm) 135 614 140 871
Liquidity Coverage Ratio 89.7% 84.0%
Required Liquidity Coverage Ratio 70.0% 70.0%
Notes:
1. The 30 September 2016 figures and 30 June 2016 comparatives are unaudited.
2. Board approved target ranges include unappropriated profit.
3. The 2016 minimum regulatory capital requirements of 10.375% include the RSA minimum of 8%, Pillar 2a of 1.75% and
capital conservation buffer of 0.625% but exclude the bank-specific individual capital requirement (Pillar 2b add-on) and
the domestic systemically important banks (D-SIB) add-on.
4. Absa Bank Limited includes subsidiary undertakings, special purpose entities, joint ventures, associates and offshore
holdings.
5. The LCR of Barclays Africa Group Limited represents an aggregation of the relevant individual net cash outflows and
HQLA portfolios of only the banking and/or deposit taking entities. HQLA holdings in excess of the minimum requirement
have been excluded from the aggregated HQLA number for all non-South African banking entities.
6. The values disclosed represent the simple average of the relevant 3 month-end data points.
7. Absa Bank Solo includes the South African banking operations.
Johannesburg
28 November 2016
Enquiries:
Alan Hartdegen
(+2711) 350-2598
E-mail: Alan.Hartdegen@barclaysafrica.com
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Corporate and Investment Bank – a division of Absa Bank Limited
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Date: 28/11/2016 12:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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