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Barclays Africa Group Limited – Basel III Pillar 3 disclosure as at 30 September 2013
BARCLAYS AFRICA GROUP LIMITED ABSA BANK LIMITED
(Formerly known as Absa Group Limited) (Incorporated in the Republic of South
(Incorporated in the Republic of South Africa)
Africa) (Registration number: 1986/004794/06)
(Registration number: 1986/003934/06) ISIN: ZAE000079810
ISIN: ZAE000174124 JSE share code: ABSP, ABMN
JSE share code: BGA (“Absa Bank”)
(“Barclays Africa Group”)
BARCLAYS AFRICA GROUP LIMITED – BASEL III PILLAR 3 DISCLOSURE AS AT 30
SEPTEMBER 2013
The quarterly Pillar 3 disclosure is made in accordance with the requirements of the Banks
Act, 1990, Act No. 94 of 1990, as amended.
Barclays Africa Group remains capitalised above the regulatory minimum requirements and
above our board target range after completing the combination of the Barclays’ African
operations with Absa Group Limited (as it was named then) (“Absa Group”) on 31 July 2013.
Combining Barclays’ African operations with Absa Group resulted in an increase in risk
weighted assets (RWA) of c.R96 billion and qualifying capital of c.R12 billion, improving the
Barclays Africa Group’s Common Equity Tier 1 ratio by 10 basis points. Declaring a R6 billion
special dividend in July 2013 reduced the Common Equity Tier 1 ratio by 130 basis points.
The residual movement in the Common Equity Tier 1 ratio between 30 June 2013 and 30
September 2013 was attributable to retained profits, offset by RWA growth.
As at 30 September 2013, Barclays Africa Group’s Common Equity Tier 1 ratio was 11.3%,
Tier 1 ratio was 12.3% and Total Capital Adequacy ratio was 14.9%.
Page 1 of 3
The table below represents the capital position for Barclays Africa Group at 30 September
2013, while the 30 June 2013 figures are for Absa Group, prior to our combination with
Barclays’ African operations.
30-Sep-20131 30-Jun-20131
Regulatory Capital Position (excluding unappropriated profit): Rm % Rm %
Common Equity Tier 1 53 853 9.5% 47 682 10.4%
Share capital and premium 10 561 5 902
Reserves : 50 055 47 735
Non-controlling interest - ordinary shares 1 130 383
Deductions (7 893) (6 338)
Additional Tier 1 capital 5 696 1.0% 4 627 1.0%
Tier 1 capital 59 549 10.5% 52 309 11.4%
Tier 2 capital 14 599 2.6% 13 884 3.1%
Total capital 74 148 13.1% 66 193 14.5%
Statutory Capital Position (including unappropriated profit)2:
Common Equity Tier 1 63 839 11.3% 57 311 12.5%
Tier 1 capital 69 535 12.3% 61 938 13.5%
Total capital 84 134 14.9% 75 822 16.6%
Board Approved Target Ranges:
Common Equity Tier 1 9.5% - 11.0% 9.5% - 11.0%
Total Capital 12.5% - 14.0% 12.5% - 14.0%
30-Sep-13
RWA and Minimum Required Capital per Risk Type 3: RWA Minimum required capital
Per risk type Pillar 1 Pillar 2a Total
Rm Rm Rm Rm
Credit risk 419 218 33 538 6 288 39 826
Equity investment risk 21 930 1 754 329 2 083
Market risk 19 064 1 525 286 1 811
Operational risk 79 431 6 354 1 192 7 546
Other 25 536 2 043 383 2 426
Total risk weighted assets (RWA) and minimum required capital 565 179 45 214 8 478 53 692
30-Jun-13
RWA and Minimum Required Capital per Risk Type 3: RWA Minimum required capital
Per risk type Pillar 1 Pillar 2a Total
Rm Rm Rm Rm
Credit risk 338 075 27 046 5 071 32 117
Equity investment risk 22 081 1 766 332 2 098
Market risk 13 907 1 113 208 1 321
Operational risk 63 035 5 043 945 5 988
Other 20 382 1 631 306 1 937
Total RWA and Minimum Required Capital 457 480 36 599 6 862 43 461
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Absa Bank
Absa Bank remains capitalised above the regulatory minimum requirements, with Common
Equity Tier 1 ratio being within, and Total Capital Adequacy ratio being above, our board
target capital ranges, respectively. As at 30 September 2013 Absa Bank’s Common Equity
Tier 1 ratio was 10.3%, Tier 1 ratio was 11.3% and Total Capital Adequacy ratio was 14.8%.
The decline in Absa Bank’s Common Equity Tier 1 ratio reflects its interim and special
dividend, plus RWA growth. Absa Bank is unaffected by the combining of Barclays’ African
operations with Absa Group. The table below represents the capital position for Absa Bank at
30 September 2013 and 30 June 2013.
30-Sep-20131 30-Jun-20131
Regulatory Capital Position (excluding unappropriated profit): Rm % Rm %
Common Equity Tier 1 38 115 9.2% 44 285 11.0%
Share capital and premium 12 768 12 768
Reserves 30 249 36 363
Deductions (4 902) (4 846)
Additional Tier 1 capital 4 179 1.0% 4 180 1.0%
Tier 1 capital 42 294 10.2% 48 465 12.0%
Tier 2 capital 14 262 3.5% 14 409 3.6%
Total capital 56 556 13.7% 62 874 15.6%
Statutory Capital Position (including unappropriated profit)2:
Common Equity Tier 1 42 414 10.3% 48 874 12.2%
Tier 1 capital 46 593 11.3% 53 054 13.2%
Total capital 60 855 14.8% 67 463 16.8%
Board Approved Target Ranges:
Common Equity Tier 1 9.0% - 10.5% 9.0% - 10.5%
Total Capital 12.0% - 13.5% 12.0% - 13.5%
RWA and Minimum Required Capital 3: RWA Pillar 1 Pillar 2a Total
Rm Rm Rm Rm
30-Sep-2013 412 228 32 978 6 184 39 162
30-Jun-2013 402 141 32 171 6 032 38 203
Notes:
1. The 30 June 2013 and 30 September 2013 figures have not been audited.
2. The statutory capital position is reflected post our 2013 interim and special dividends declared in July 2013 and paid in
September 2013 and November 2013 respectively.
3. The minimum required capital which is based on the regulatory minimum (9.5%), comprises Pillar 1 (8.0%) and Pillar 2a
(1.5%) and excludes the bank specific Pillar 2b add on.
Johannesburg
27 November 2013
Enquiries:
Alan Hartdegen
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za
Lead Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited - Corporate and Investment Banking Division
Page 3 of 3
Date: 27/11/2013 03:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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