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Barclays Africa Group Limited - Basel III Pillar disclosure as at 31 March 2014
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, ABMN
(Barclays Africa Group) (Absa Bank)
BARCLAYS AFRICA GROUP LIMITED – BASEL III PILLAR 3 DISCLOSURE AS AT 31 MARCH 2014
The quarterly Pillar 3 disclosure is made in accordance with the requirements of the Banks Act, No. 94 of 1990
(the Banks Act).
Barclays Africa Group remains capitalised above the regulatory minimum requirements and above our board
approved target ranges. As at 31 March 2014, Barclays Africa Group’s Common Equity Tier 1 ratio was 11.6%,
Tier 1 ratio was 12.4% and Total Capital Adequacy ratio was 14.6%.
The table below represents the capital position for Barclays Africa Group at 31 March 2014 and the
comparatives at 31 December 2013.
1 1
31-Mar-2014 31-Dec-2013
Regulatory Capital Position (excluding unappropriated profit) Rm % Rm %
Common Equity Tier 1 56 011 9.8% 56 829 10.1%
Share capital and premium 6 341 6 168
Reserves 54 114 55 403
Non-controlling interest - ordinary shares 2 160 2 100
Deductions (6 604) (6 842)
Additional Tier 1 capital 4 408 0.7% 4 855 0.9%
Tier 1 capital 60 419 10.5% 61 684 11.0%
Tier 2 capital 12 448 2.2% 14 330 2.6%
Total capital 72 867 12.7% 76 014 13.6%
Statutory Capital Position (including unappropriated profit)
Common Equity Tier 1 66 666 11.6% 67 884 12.1%
Tier 1 capital 71 074 12.4% 72 740 13.0%
Total capital 83 522 14.6% 87 070 15.5%
Board Approved Target Ranges
Common Equity Tier 1 9.5% - 11.0% 9.5% - 11.0%
2
Tier 1 Capital 10.5% - 12.0% -
Total Capital 12.5% - 14.0% 12.5% - 14.0%
Page 1 of 3
31-Mar-2014
Minimum required capital
Risk Weighted Assets (RWA) and Minimum Required RWA Pillar 1 Pillar 2a Total
3
Capital per Risk Type
Per risk type 8% 2% 10%
Rm Rm Rm Rm
Credit risk 424 904 33 992 8 498 42 490
Counterparty credit risk 14 327 1 146 287 1 433
Equity investment risk 15 570 1 246 311 1 557
Market risk 14 691 1 175 294 1 469
Operational risk 79 235 6 339 1 585 7 924
Non-customer assets 25 024 2 002 500 2 502
Total RWA and minimum required capital 573 751 45 900 11 475 57 375
31-Dec-2013
Minimum required capital
3
RWA and Minimum Required Capital per Risk Type: RWA Pillar 1 Pillar 2a Total
Per risk type 8% 1.5% 9.5%
Rm Rm Rm Rm
Credit risk 410 461 32 837 6 157 38 994
Counterparty credit risk 13 310 1 065 200 1 265
Equity investment risk 14 624 1 170 219 1 389
Market risk 17 079 1 366 256 1 622
Operational risk 79 235 6 339 1 188 7 527
Non-customer assets 26 224 2 098 393 2 491
Total RWA and Minimum Required Capital 560 933 44 875 8 413 53 288
Absa Bank
Absa Bank remains capitalised above the regulatory minimum requirements, with Common Equity Tier 1 and
Tier 1 ratios being within, and Total Capital Adequacy ratio being above, our board approved target ranges. As
at 31 March 2014, Absa Bank’s Common Equity Tier 1 ratio was 10.4%, Tier 1 ratio was 11.3% and Total
Capital Adequacy ratio was 14.4%.
The table below represents the capital position for Absa Bank at 31 March 2014 and comparatives at 31
December 2013.
1 1
31-Mar-2014 31-Dec-2013
Regulatory Capital Position (excluding unappropriated profit) Rm % Rm %
Common Equity Tier 1 39 014 9.4 39 234 9.7
Share capital and premium 13 766 13 768
Reserves 29 212 30 051
Deductions (3 964) (4 585)
Additional Tier 1 capital 3 715 0.9 4 180 1.0
Tier 1 capital 42 729 10.3 43 414 10.7
Tier 2 capital 12 762 3.0 14 476 3.6
Total capital 55 491 13.3 57 890 14.3
Statutory Capital Position (including unappropriated profit)
Common Equity Tier 1 43 444 10.4% 44 636 11.0%
Tier 1 capital 47 159 11.3% 48 816 12.0%
Total capital 59 921 14.4% 63 292 15.6%
Board Approved Target Ranges
Common Equity Tier 1 9.0% - 10.5% 9.0% - 10.5%
Page 2 of 3
2
Tier 1 Capital 10.0% - 11.5% -
Total Capital 12.0% - 13.5% 12.0% - 13.5%
31-Mar-2014
Minimum required capital
Risk Weighted Assets (RWA) and Minimum Required RWA Pillar 1 Pillar 2a Total
3
Capital per Risk Type Per risk type 8% 2% 10%
Rm Rm Rm Rm
Credit risk 307 631 24 610 6 153 30 763
Counterparty credit risk 13 943 1 115 279 1 394
Equity investment risk 10 544 843 211 1 054
Market risk 13 554 1 084 271 1 355
Operational risk 57 431 4 594 1 149 5 743
Other 12 797 1 024 256 1 280
Total RWA and minimum required capital 415 900 33 270 8 319 41 589
31-Dec-2013
Minimum required capital
3
RWA and Minimum Required Capital per Risk Type RWA Pillar 1 Pillar 2a Total
Per risk type 8% 1.5% 9.5%
Rm Rm Rm Rm
Credit risk 297 255 23 780 4 459 28 239
Counterparty credit risk 13 171 1 054 197 1 251
Equity investment risk 9 648 772 145 917
Market risk 16 163 1 293 242 1 535
Operational risk 57 431 4 595 861 5 456
Other 12 342 987 185 1 172
Total RWA and Minimum Required Capital 406 010 32 481 6 089 38 570
Notes:
1. The 31 March 2014 figures have not been audited. (31 December 2013 comparatives have been audited).
2. In addition to the 2013 board approved target ranges, Tier 1 board target ranges were approved for 2014.
3. The regulatory minimum Common Equity Tier 1 requirement as at 31 March 2014 is 5.5% (31 December 2013:
4.5%).
Johannesburg
2 June 2014
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:
Absa Bank Limited Corporate and Investment Banking Division
Page 3 of 3
Date: 02/06/2014 03:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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