FIRSTRAND LIMITED - Quarterly disclosure on Basel III capital adequacy

Quarterly disclosure on Basel III capital adequacy

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
JSE Ordinary Share Code: FSR
Ordinary Share ISIN: ZAE000066304
JSE B Preference Share Code: FSRP
B Preference Share ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(FSR or the Group)

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code: BIFR1
(FRB or the Bank)

QUARTERLY DISCLOSURE ON BASEL III CAPITAL ADEQUACY

In terms of Regulation 43(1)(e) of the Regulations relating to
Banks, the Group is required to disclose quantitative information
on its capital adequacy ratios on a quarterly basis. This is in
accordance with Pillar 3 of the Basel Accord.

The consolidated capital positions of the Group and the Bank at 30
September 2014 are set out below.


R million                                    FSR              FRB

Common Equity Tier 1 capital
Ordinary share capital and premium          5 582           15 308
Qualifying reserves                        74 738           46 063
Non-controlling interests                     743               -
Regulatory deductions                      (2 229)           (872)
Total Common Equity Tier 1 capital         78 834           60 499

Total Additional Tier 1 capital             5 203            2 400

Total Tier 1 capital                       84 037           62 899

Tier 2 capital
Tier 2 instruments                          9 904            9 825
Other qualifying reserves                   1 191              898
Regulatory deductions                           -            (156)
Total Tier 2 capital                       11 095           10 567

Total qualifying capital and reserves      95 132           73 466
Minimum requirement per risk type:
Credit risk                                39 419           33 440
Counterparty credit risk                      838              819
Operational risk                            9 361            7 001
Market risk                                 1 505            1 354
Equity investment risk                      3 392              626
Other assets                                3 627            1 992
Total minimum capital requirement          58 142           45 232

Common Equity Tier 1 capital adequacy        13.6             13.4
ratio (%)
Tier 1 capital adequacy ratio (%)            14.5            13.9
Total capital adequacy ratio (%)             16.4            16.2


Notes:
   - The figures above have not been reviewed and reported on by
     the Group’s external auditors.
   - Qualifying reserves exclude any unappropriated profits.
   - The minimum capital requirement excludes any bank-specific
     individual capital requirement and is reported at 10%.
   - FRB includes foreign branches and subsidiaries.

Sandton
19 November 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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