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FSR / FSRP / FSPP - FirstRand Limited - Quarterly disclosure on Basel II capital

Release Date: 21/05/2010 12:36
Code(s): FSR FSRP FSPP
Wrap Text

FSR / FSRP / FSPP - FirstRand Limited - Quarterly disclosure on Basel II capital adequacy FirstRand Limited (Incorporated in South Africa) (Registration number 1966/010753/06) JSE Ordinary Share Code: FSR JSE ISIN: ZAE000066304 JSE "B" Preference Share Code: FSRP JSE ISIN: ZAE000060141 JSE "B1" Preference Share Code: FSPP JSE ISIN: ZAE000070900 NSX Ordinary Share Code: FSR ("FirstRand") QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY FirstRand Bank has complied with Basel II since the start of January 2008. In terms of Pillar 3 under Basel II, FirstRand Bank Holdings (FRBH) is required to disclose quantitative information on its capital adequacy ratios on a quarterly basis. The consolidated capital position of FRBH is set out below. March 2010 December 2009 Rm % Rm %
Primary capital Ordinary share capital and 5 750 5 750 premium Ordinary shareholders` reserves 35 489 34 218 Preference shares 3 100 3 100 Minority interest 1 733 1 668 Regulatory deductions against (2 571) (2 563) primary capital Total primary capital 43 501 42 173 Secondary capital Subordinated debt instruments 6 660 6 633 Qualifying Upper Tier 2 1 068 1 068 instruments Other qualifying reserves 179 176 Regulatory deductions against (474) (431) secondary capital Total secondary capital 7 433 7 446 Total regulatory capital 50 934 49 619 Total capital requirement 33 468 33 740 Primary capital adequacy ratio 12.67 12.19 Total capital adequacy ratio 14.84 14.34 Notes: The figures above have not been audited. Share capital and reserves do not include unappropriated profits. Sandton 21 May 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/05/2010 12:36:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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