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Basel III Pillar 3 Disclosure as at 31 March 2013
ABSA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa)
(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)
ISIN: ZAE000067237 ISIN: ZAE000079810
JSE share code: ASA JSE share code: ABSP, ABMN
Issuer code: AMAGB (Absa Bank)
(Absa or Absa Group)
ABSA GROUP – BASEL III PILLAR 3 DISCLOSURE AS AT 31 MARCH 2013
Absa Group’s quarterly Pillar 3 disclosure is made in accordance with the requirements
as set out in Regulation 43(1)(e)(iii) of the Regulations relating to Banks, issued under
the Banks Act, 1990 (Act No. 94 of 1990 (as amended)).
Absa Group remains capitalised above the minimum regulatory requirements and board
approved target capital ranges. As at 31 March 2013 Absa Group’s Common Equity Tier
1 ratio was 12.2%, Tier 1 ratio was 13.3% and Total Capital Adequacy was 16.4%, after
the successful implementation of Basel III.
The table below represents the capital position for the Absa Group as at 31 March 2013
based on Basel III while the 31 December 2012 comparatives are based on Basel II.5.
31-Mar-20131 31-Dec-2012
Regulatory Capital Position (excluding unappropriated profit): Rm % Rm %
Common Equity Tier 1 47 808 10.6% 49 371 11.3%
Share capital and premium 5 856 6 039
Reserves : 48 802 45 749
Non-controlling interest - ordinary shares 406 1 267
Deductions (7 256) (3 684)
Additional Tier 1 capital 4 754 1.1% 4 644 1.0%
Tier 1 capital 52 562 11.7% 54 015 12.3%
Tier 2 capital 13 832 3.0% 14 637 3.4%
Total capital 66 394 14.7% 68 652 15.7%
Statutory Capital Position (including unappropriated profit)2:
Common Equity Tier 1 55 152 12.2% 57 017 13.0%
Tier 1 capital 59 906 13.3% 61 661 14.0%
Total capital 73 739 16.4% 76 298 17.4%
Board Approved Target Ranges:
Common Equity Tier 1 9.5% - 11.0% 9.5% - 11.0%
Total Capital 12.5% - 14.0% 12.5% - 14.0%
31-Mar-13
Minimum Required Capital per Risk Type 3 : Rm Rm Rm
Pillar 1 Pillar 2a Total
Credit risk 26 579 4 984 31 563
Equity investment risk 1 763 331 2 094
Market risk 1 111 208 1 319
Operational risk 4 991 936 5 927
Other 1 608 301 1 909
Total minimum required capital 36 052 6 760 42 812
31-Dec-12
Minimum Required Capital per Risk Type 3 : Rm Rm Rm
Pillar 1 Pillar 2a Total
Credit risk 25 720 4 822 30 542
Equity investment risk 1 819 341 2 160
Market risk 1 104 207 1 311
Operational risk 4 990 936 5 926
Other 1 424 267 1 691
Total minimum required capital 35 057 6 573 41 630
Absa Bank
Absa Bank remains capitalised above the minimum regulatory requirements and board
approved target capital ranges. As at 31 March 2013 Absa Bank’s Common Equity Tier 1
ratio was 11.8%, Tier 1 ratio was 12.8% and Total Capital Adequacy was 16.5%, after
the successful implementation of Basel III.
The table below represents the capital position for the Absa Bank as at 31 March 2013
based on Basel III while the 31 December 2012 comparatives are based on Basel II.5.
31-Mar-20131 31-Dec-2012
Regulatory Capital Position (excluding unappropriated profit): Rm % Rm %
Common Equity Tier 1 44 463 11.2% 44 863 11.6%
Share capital and premium 12 768 12 768
Reserves 37 729 34 659
Deductions (6 034) (2 564)
Additional Tier 1 capital 4 180 1.0% 4 644 1.2%
Tier 1 capital 48 643 12.2% 49 507 12.8%
Tier 2 capital 14 382 3.6% 14 647 3.8%
Total capital 63 025 15.8% 64 154 16.6%
Statutory Capital Position (including unappropriated profit)2:
Common Equity Tier 1 46 912 11.8% 48 058 12.5%
Tier 1 capital 51 092 12.8% 52 702 13.7%
Total capital 65 474 16.5% 67 349 17.5%
Board Approved Target Ranges:
Common Equity Tier 1 9.0% - 10.5% 9.0% - 10.5%
Total Capital 12.0% - 13.5% 12.0% - 13.5%
Minimum Required Capital3: Rm Rm Rm
Pillar 1 Pillar 2a Total
31 March 2013 31 834 5 969 37 803
31 December 2012 30 868 5 788 36 656
Notes:
1. The March 2013 figures above have not been audited.
2. The statutory capital position excludes our 2012 final dividend paid in April 2013.
3. The minimum required capital is based on the regulatory minimum (9.5%), comprises Pillar 1 (8.0%)
and Pillar 2a (1.5%) and excludes the bank specific Pillar 2b add on.
Johannesburg
4 June 2013
Enquiries:
Mr. Alan Hartdegen
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za
Lead Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited - Corporate and Investment Banking Division
Date: 04/06/2013 10:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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