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SBK - Standard Bank Group Limited - Standard Bank Group - Basel II Capital

Release Date: 16/11/2011 15:40
Code(s): SBK SBKP SBPP
Wrap Text

SBK - Standard Bank Group Limited - Standard Bank Group - Basel II Capital Adequacy Disclosure as at 30 September 2011 Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) JSE Share code: SBK ISIN:ZAE000109815 NSX share code: SNB NSX share code: SNB ZAE000109815 SBKP ZAE000038881 (First preference shares) SBPP ZAE000056339 (Second preference shares) JSE bond codes: SBS, SBK, SBN, SBR, ETN series and CLN series (all JSE listed bonds issued in terms of The Standard Bank of South Africa Limited`s Domestic Medium Term Note Programme and Credit Linked Note Programme) ("Standard Bank Group" or "the group") Standard Bank Group - Basel II Capital Adequacy Disclosure as at 30 September 2011 In terms of the Basel II requirements under Regulation 43(1)(e)(ii) of regulations relating to banks, minimum disclosure on the capital adequacy of the group is required on a quarterly basis. This announcement meets the ongoing reporting requirement for quarterly disclosure in terms of Pillar 3 of the Basel II capital accord.
Standard Bank Group Standard Bank Group remained well capitalised as at 30 September 2011 with a total capital adequacy of 13.6% and primary capital adequacy of 11.3%, significantly exceeding minimum regulatory requirements. September June
2011 2011 Rm Rm Ordinary share capital and premium 17 681 17 646 Ordinary shareholders` reserves(1) 77 512 72 885 Minority interest 12 122 11 099 Regulatory deductions against primary capital (19 838) (18 716) Regulatory exclusions from primary capital (14 274) (15 624) Foreign Currency Translation Reserve(2) 1 440 5 365 Other regulatory exclusions (11 815) (12 863) Unappropriated Profit (3 899) (8 126)
Preference share capital and premium 5 495 5 495 Primary capital 78 698 72 785
Subordinated debt 21 690 20 407 Secondary unimpaired reserve funds 1 444 1 371 Regulatory deductions against secondary capital (6 763) (6 546) Secondary capital 16 371 15 232 Tertiary capital - Subordinated debt 469 469 Total qualifying capital 95 538 88 486 Total minimum regulatory capital requirement(3) 69 261 62 168 Credit Risk 50 718 44 486 Equity Risk 1 921 1 759 Market Risk 6 135 5 855 Operational Risk 10 487 10 068 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 13.1 13.5 Primary capital adequacy ratio (%) 10.8 11.1 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 13.6 14.8 Primary capital adequacy ratio (%) 11.3 12.4 Notes: 1. Ordinary shareholders` reserves include unappropriated profits net of dividends paid during the period. 2. Movement due to currency translation gains arising from a weakening of the rand exchange rate. 3. Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors. The R7bn increase in capital requirement arose from translation of risk weighted assets at a weaker exchange rate accounting for R3bn of the increase in capital requirement. The remainder of the increase in capital requirement is due to an increase in credit risk capital requirement in the Corporate & Investment Banking business arising from loan growth. In addition there have been increased credit risk exposures arising from loan growth and increased market risk exposures in the Rest of Africa.
Standard Bank Of South Africa (the company) Standard Bank of South Africa remained well capitalised as at 30 September 2011 with a total capital adequacy of 13.7% and primary capital adequacy of 10.7%, significantly exceeding minimum regulatory requirements. September June
2011 2011 Rm Rm Primary capital(1) 43 949 40 278 Secondary capital 12 046 12 385 Tertiary capital - Subordinated debt 300 300 Total qualifying capital 56 295 52 963 Unappropriated Profit 664 3 935 Total minimum regulatory capital requirement(2) 39 589 36 919 Credit Risk 30 723 28 138 Equity Risk 1 571 1 391 Market Risk 1 156 1 208 Operational Risk 6 139 6 182 Capital Adequacy Ratio (excl unappropriated profit) Total capital adequacy ratio (%) 13.5 13.6 Primary capital adequacy ratio (%) 10.5 10.4 Capital Adequacy Ratio (incl unappropriated profit) Total capital adequacy ratio (%) 13.7 14.6 Primary capital adequacy ratio (%) 10.7 11.4
Notes: 1. Primary capital excludes unappropriated profits and is net of dividends paid during the period. 2. Total minimum capital requirement calculated at 9.5% is comprised of Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific add-ons and capital floors. Capital requirement increased during the quarter by R2.7bn due to loan growth in the Corporate & Investment banking portfolio. The information contained in this announcement has not been reviewed by or reported on by Standard Bank Group`s external auditors. Johannesburg 16 November 2011
Sponsor Standard Bank Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 16/11/2011 15:40:01 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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