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Barclays Africa Group Limited - Basel III Pillar 3 disclosure as at 30 September 2014
BARCLAYS AFRICA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic of South (Incorporated in the Republic of South
Africa) Africa)
(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)
ISIN: ZAE000174124 ISIN: ZAE000079810
JSE share code: BGA JSE share code: ABSP
(Barclays Africa Group) (Absa Bank)
BARCLAYS AFRICA GROUP LIMITED – BASEL III PILLAR 3 DISCLOSURE AS AT 30
SEPTEMBER 2014
The quarterly Pillar 3 disclosure is made in accordance with the requirements of the Banks Act, No.
94 of 1990 (the Banks Act).
Barclays Africa Group remains capitalised above the regulatory minimum requirements, with
Common Equity Tier 1 and Tier 1 ratios above and Total Capital Adequacy ratio within our board
approved target capital ranges. As at 30 September 2014, Barclays Africa Group’s Common Equity
Tier 1 ratio was 11.6%, Tier 1 ratio was 12.4% and Total Capital Adequacy ratio was 14.0%.
Bond ABCPI2 (nominal value of R3 billion), which partially qualified as Tier 2 capital under Basel III
at a Barclays Africa Group and Absa Bank level, was redeemed by Absa Bank at its first optional
redemption date of 20 September 2014.
The table below represents the capital position for Barclays Africa Group at 30 September 2014
and the comparatives at 30 June 2014.
30-Sep-20141 30-Jun-20141
Regulatory Capital Position (excluding
Rm % Rm %
unappropriated profit)
Common Equity Tier 1 63 671 10.5% 63 506 10.7%
Share capital and premium 6 184 6 202
Reserves 61 559 61 199
Non-controlling interest - ordinary shares 2 335 2 183
Deductions (6 407) (6 078)
Additional Tier 1 capital 4 476 0.8% 4 416 0.7%
Tier 1 capital 68 147 11.3% 67 922 11.4%
Tier 2 capital 9 977 1.6% 12 790 2.1%
Total capital 78 124 12.9% 80 712 13.5%
Statutory Capital Position (including
unappropriated profit):
Common Equity Tier 1 70 410 11.6% 69 966 11.8%
Tier 1 capital 74 885 12.4% 74 382 12.5%
Total capital 84 862 14.0% 87 172 14.6%
Board Approved Target Ranges2
Common Equity Tier 1 9.5% - 11.0% 9.5% - 11.0%
Tier 1 Capital 10.5% - 12.0% 10.5% - 12.0%
Total Capital 12.5% - 14.0% 12.5% - 14.0%
30-Sep-2014
RWA Minimum required capital
Risk Weighted Assets (RWA) and Minimum Per risk Pillar 1 Pillar 2a Total
Required Capital per Risk Type3: type 8% 2% 10%
Rm Rm Rm Rm
Credit risk 451 730 36 138 9 035 45 173
Counterparty credit risk 13 360 1 069 267 1 336
Equity investment risk 13 917 1 113 278 1 391
Market risk 20 606 1 649 412 2 061
Operational risk 82 015 6 562 1 640 8 202
Non-customer assets 23 382 1 870 468 2 338
Total RWA and minimum required capital 605 010 48 401 12 100 60 501
30-Jun-2014
RWA Minimum required capital
Per risk Pillar 1 Pillar 2a Total
type 8% 2% 10%
RWA and Minimum Required Capital per Risk
Rm Rm Rm Rm
Type3:
Credit risk 443 629 35 490 8 873 44 363
Counterparty credit risk 11 838 947 237 1 184
Equity investment risk 14 871 1 190 297 1 487
Market risk 17 535 1 403 350 1 753
Operational risk 82 015 6 561 1 641 8 202
Non-customer assets 25 165 2 013 503 2 516
Total RWA and Minimum Required Capital 595 053 47 604 11 901 59 505
Absa Bank
Absa Bank remains capitalised above the regulatory minimum requirements, with Common Equity
Tier 1, Tier 1 and Total Capital Adequacy ratios being within our board approved target capital
ranges. As at 30 September 2014, Absa Bank’s Common Equity Tier 1 ratio was 10.0%, Tier 1 ratio
was 10.9% and Total Capital Adequacy ratio was 13.1%.
The table below represents the capital position for Absa Bank at 30 September 2014 and
comparatives at 30 June 2014.
30-Sep-20141 30-Jun-20141
Regulatory Capital Position (excluding unappropriated
Rm % Rm %
profit)
Common Equity Tier 1 39 834 9.1% 40 208 9.3%
Share capital and premium 14 768 14 768
Reserves 29 302 29 574
Deductions (4 236) (4 134)
Additional Tier 1 capital 3 715 0.9% 3 715 0.8%
Tier 1 capital 43 549 10.0% 43 923 10.1%
Tier 2 capital 9 739 2.2% 12 792 3.0%
Total capital 53 288 12.2% 56 715 13.1%
Statutory Capital Position (including unappropriated
profit):
Common Equity Tier 1 43 613 10.0% 43 987 10.1%
Tier 1 capital 47 328 10.9% 47 702 10.9%
Total capital 57 066 13.1% 60 494 13.9%
2
Board Approved Target Ranges
Common Equity Tier 1 9.0% - 10.5% 9.0% - 10.5%
Tier 1 Capital 10.0% - 11.5% 10.0% - 11.5%
Total Capital 12.0% - 13.5% 12.0% - 13.5%
30-Sept-2014
RWA Minimum required capital
Risk Weighted Assets (RWA) and Minimum Required Per risk Pillar 1 Pillar 2a Total
Capital per Risk Type:3 type 8% 2% 10%
Rm Rm Rm Rm
Credit risk 323 510 25 881 6 470 32 351
Counterparty credit risk 13 216 1 057 264 1 321
Equity investment risk 8 999 720 180 900
Market risk 17 978 1 438 360 1 798
Operational risk 59 302 4 744 1 186 5 930
Non-customer assets 12 858 1 029 257 1 286
Total RWA and minimum required capital 435 863 34 869 8 717 43 586
30-Jun-2014
RWA Minimum required capita
Per risk Pillar 1 Pillar 2a Total
type 8% 2% 10%
3
RWA and Minimum Required Capital per Risk Type : Rm Rm Rm Rm
Credit risk 324 765 25 981 6 495 32 476
Counterparty credit risk 11 698 936 234 1 170
Equity investment risk 9 219 738 184 922
Market risk 15 752 1 260 315 1 575
Operational risk 59 302 4 744 1 186 5 930
Non-customer assets 13 367 1 069 268 1 337
Total RWA and Minimum Required Capital 434 103 34 728 8 682 43 410
Notes:
1. The 30 June 2014 and 30 September 2014 figures have not been audited.
2. Board approved target ranges include unappropriated profit.
3. The regulatory minimum Common Equity Tier 1 requirement as at 30 September 2014 was 5.5% (30 June
2014: 5.5%).
Johannesburg
21 November 2014
Enquiries:
Alan Hartdegen
(+2711) 350-2598
E-mail: Alan.Hartdegen@barclaysafrica.com
Lead Independent Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor:
Absa Bank Limited Corporate and Investment Banking Division
Date: 21/11/2014 11:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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