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Pillar III Quarterly Report on Capital Adequacy at 30 September 2013
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
('Nedbank Group' or 'the group')
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
("Nedbank Limited" or "the bank")
PILLAR III QUARTERLY REPORT ON CAPITAL ADEQUACY AT 30 SEPTEMBER
2013
Quarterly Report in terms of Regulation 43(1)(e)(ii) of the Banks Act 94 of 1990 (as amended) (“the
Regulation”).
Certain of the information required to be disclosed in terms of the Regulation is included in Nedbank
Group's Third Quarter 2013 Trading Update.
The group remains well capitalised with capital ratios exceeding Basel III minimum regulatory
requirements and within revised internal Basel III targets. Following the payment of the interim
dividend in September 2013, the common equity tier 1 ratio was at 11,6% (June 2013: 11,%), the tier
1 capital ratio at 12,9% (June 2013: 13,0%) and total capital ratio at 14,7% (June 2013: 14,8%).
The following table sets out the available capital as at 30 September 2013:
Nedbank Group Nedbank Limited
Including unappropriated profits Rm % Rm %
Tier 1 Capital 50 779 12,9% 38 907 11,4%
Common Equity Tier 1 Capital 45 904 11,6% 34 031 10,0%
Share capital and premium 16 863 17 461
Reserves 39 871 23 556
Minority interest:
ordinary shareholders 234 0
Goodwill (5 101) (1 410)
Excess of expected loss over eligible
provisions (1 071) (1 278)
Defined benefit pension fund assets (1 231) (1 231)
Other regulatory differences and
non-qualifying reserves (3 661) (3 068)
Additional Tier 1 Capital 4 875 1,3% 4 877 1,4%
Preference share capital and
premium 3 471 3 472
Hybrid debt capital 1 752 1 752
Grandfathering and other
adjustments ( 348) ( 347)
Tier 2 Capital 7 057 1,8% 6 994 2,1%
Long-term liabilities 7 732 7 732
General allowance for credit
impairment 99 36
Grandfathering and other
adjustments ( 773) ( 773)
Total Capital 57 836 14,7% 45 901 13,5%
Excluding unappropriated profits
Tier 1 Capital 48 355 12,3% 37 451 11,0%
Common Equity Tier 1 Capital 43 480 11,0% 32 575 9,5%
Total Capital 55 412 14,0% 44 446 13,0%
Nedbank Group Nedbank Limited
Minimum required capital
and reserve funds per risk
type Pillar 1 Pillar 2a Total Pillar 1 Pillar 2a Total
Minimum ratios 8,0% 1,5% 9,5% 8,0% 1,5% 9,5%
Credit Risk 23 839 4 470 28 309 21 172 3 969 25 141
Equity Risk 1 285 241 1 526 1 101 206 1 307
Market Risk 357 67 424 261 49 310
Operational risk 4 468 838 5 306 3 748 703 4 451
Other 1 613 302 1 915 1 019 192 1 211
Total Minimum required
capital and reserve funds 31 562 5 918 37 480 27 301 5 119 32 420
Notes:
1. The figures above have not been audited.
2. Minimum required capital and reserve funds have been reported at 9,5%, in terms of Directive
05/2011 issued in terms of section 6(4) of the Banks Act, 1990.
Sandton
29 October 2013
Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
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