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FSR/FSRP - FirstRand Limited - Quarterly disclosure on Basel II Capital Adequacy

Release Date: 17/11/2010 12:26
Code(s): FSR FSRP
Wrap Text

FSR/FSRP - 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 NSX Ordinary Share Code: FSR ("FirstRand") QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY In terms of the group restructuring on 1 July 2010, FirstRand Limited became the bank controlling company, therefore, it is required in terms of Pillar 3 under Basel II, to disclose quantitative information on its capital adequacy ratios on a quarterly basis. The consolidated capital position of FirstRand is set out below. September 2010 R million % Primary capital Ordinary share capital and premium 2 093 Ordinary shareholders` reserves 43 961 Preference shares 4 519 Minority interest 3 033 Regulatory deductions against primary capital (3 722) Total primary capital 49 884 Secondary capital Subordinated debt instruments 5 712 Qualifying Upper Tier 2 instruments 1 068 Other qualifying reserves 196 Regulatory deductions against secondary capital (551) Total secondary capital 6 425 Total regulatory capital 56 309
Total capital requirement 39 493 Primary capital adequacy ratio 13.23 Total capital adequacy ratio 14.93 Notes: The figures above have not been audited. Share capital and reserves do not include unappropriated profits. Sandton 17 November 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/11/2010 12:26:01 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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