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

Release Date: 25/05/2011 12:23
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" or "the Company") QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY FirstRand Limited is a registered bank controlling company, therefore it is required in terms of Pillar 3 of the Basel II Capital Accord, to disclose quantitative information on its capital adequacy ratios on a quarterly basis. The consolidated capital position of FirstRand Limited is set out below. March 2011 December 2010
Rm % Rm % Primary capital Ordinary share capital and 5 223 premium 5 248 Qualifying reserves 43 961 43 966 Preference shares 4 519 4 519 Minority interest 2 573 2 869 Less: Regulatory deductions 4 311 5 047 against primary capital Total primary capital 51 965 51 555 Secondary capital Subordinated debt instruments 5 701 5 692 Qualifying Upper Tier 2 1 068 1 068 instruments Other qualifying reserves 208 199 Less: Regulatory deductions 1 463 620 against secondary capital Total secondary capital 5 514 6 339
Total regulatory capital 57 479 57 894 Total capital requirement 36 586 35 957
Primary capital adequacy ratio 13.49 13.62 Total capital adequacy ratio 14.92 15.30 Notes: The figures above have not been reviewed/audited by the Company`s external auditors. Share capital and reserves do not include unappropriated profits. Sandton 25 May 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/05/2011 12:23:01 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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