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CAPITEC BANK HOLDINGS LIMITED - Quarterly disclosure in terms of regulation 43 of the Banks Act 1990 (as amended)

Release Date: 25/06/2013 07:05
Code(s): CPI     PDF:  
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Quarterly disclosure in terms of regulation 43 of the Bank’s Act 1990 (as amended)

Capitec Bank Holdings Limited
Registration number: 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI   ISIN code: ZAE000035861
JSE preference share code: CPIP   ISIN code: ZAE000083838


QUARTERLY DISCLOSURE IN TERMS OF REGULATION 43 OF THE BANK’S ACT 1990 (AS
AMENDED)

Capitec Bank Holdings Limited and its subsidiaries (“group”), have complied
with the Bank’s Act 1990 (as amended), which incorporates the requirements
of the Basel Committee on Banking Supervision (Basel).

In terms of Pillar 3 of the Basel rules, the consolidated group is required
to disclose quantitative information on its capital adequacy ratios on a
quarterly basis.

The group’s consolidated capital position at the end of the 1st quarter for
the 28 February 2014 financial year end is set out below:


                                  1st Quarter 2014         4th Quarter 2013
                                     31 May 2013            28 February 2013

                                                Capital                  Capital
                                               Adequacy                 Adequacy
                                      R’000     ratio %        R’000     ratio %

  Common Equity Tier 1
  capital (CET1)                  8 035 406        29.3    8 004 872        30.2
  Additional Tier 1 capital
  (AT1)(1)                          233 072          0.8     233 072         0.9

TIER 1 CAPITAL (T1)               8 268 478        30.1    8 237 944        31.1


  Total subordinated debt(1)(2)   2 429 817                2 422 315
  Unidentified loan
  impairments                       308 676                  295 582

TIER 2 CAPITAL (T2)               2 738 493        10.0    2 717 897        10.2


TOTAL QUALIFYING REGULATORY
CAPITAL                           11 006 971       40.1    10 955 841       41.3



REQUIRED REGULATORY
CAPITAL(3)                        2 608 993                2 517 174

(1)The non-loss absorbent AT1 and T2 capital has been adjusted for a 10%
phase-out in terms of Basel III.

(2)An adjustment has been made for the deemed surplus T2 capital of
subsidiaries issued to outside third parties, which is excluded from group
qualifying regulatory capital in terms of the accelerated adoption of Basel
III rules.

(3)This value is 9.5% of risk-weighted assets, being the Basel global minimum
requirement of 8% and a South African country-specific buffer of 1.5%. In
terms of the regulations the Individual Capital Requirement (ICR) is
excluded.

By order of the Board
Stellenbosch
25 June 2013
Sponsor - PSG Capital (Pty) Limited

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