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Basel III capital adequacy, leverage ratio and liquidity coverage ratio disclosure as at 30 September 2015
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
(“Standard Bank Group” or “the group”)
Basel III capital adequacy, leverage ratio and liquidity
coverage ratio disclosure as at 30 September 2015
In terms of the requirements under Regulation 43(1)(e)(iii) of
the regulations relating to banks and Directive 4/2014 issued
in terms of section 6(6) of the Banks Act (Act No. 94 of
1990), minimum disclosure on the capital adequacy of the group
and its leverage ratio is required on a quarterly basis. This
disclosure is in accordance with Pillar 3 of the Basel III
accord.
Standard Bank Group capital adequacy and leverage ratio
September
2015
Rm
Ordinary share capital and premium 17 947
Ordinary shareholders' reserves1 126 142
Qualifying common equity tier I non-controlling
interest 5 388
Regulatory deductions against common equity tier
I capital (35 424)
Common equity tier I capital 114 053
Unappropriated Profit 14 231
Common equity tier 1 capital excluding
unappropriated profit 99 822
Perpetual preference shares 3 847
Qualifying tier I non-controlling interest 154
Tier I capital excluding unappropriated profit 103 822
Tier II subordinated debt 19 443
General allowance for credit impairments 1 665
Tier II capital 21 109
Total qualifying capital excluding
unappropriated profit 124 931
Total minimum regulatory capital requirement2 89 807
Credit Risk 65 695
Counterparty credit risk 2 146
Equity Risk in the banking book 1 152
Market Risk 4 697
Operational Risk 12 939
Threshold items 3 178
Capital Adequacy Ratio (excl unappropriated
profit)
Total capital adequacy ratio (%) 13.9
Tier I capital adequacy ratio (%) 11.6
Common equity tier I capital adequacy ratio (%) 11.1
Capital Adequacy Ratio (incl unappropriated
profit)
Total capital adequacy ratio (%) 15.5
Tier I capital adequacy ratio (%) 13.1
Common equity tier I capital adequacy ratio (%) 12.7
Leverage ratio
Tier I capital (excl unappropriated profit) 103 822
Tier I capital (incl unappropriated profit) 118 053
Total exposures 1 796 023
Leverage ratio (excl unappropriated profits, %) 5.8
Leverage ratio (incl unappropriated profits, %) 6.6
Note:
1 Including unappropriated profits.
2 The minimum capital requirement excludes any bank-specific capital requirement and is
reported at 10%.
The Standard Bank of South Africa Limited and its subsidiaries
(“SBSA”) capital adequacy and leverage ratio
September
2015
Rm
Common equity tier I capital1 63 483
Tier I capital1 63 483
Tier II capital 17 989
Total qualifying capital1 81 472
Unappropriated Profit 3 769
Total minimum regulatory capital requirement2 56 032
Credit Risk 42 131
Counterparty credit risk 1 801
Equity Risk in the banking book 1 107
Market Risk 2 753
Operational Risk 7 794
Threshold items 447
Capital Adequacy Ratio (excl unappropriated profit)
Total capital adequacy ratio (%) 14.5
Tier I capital adequacy ratio (%) 11.3
Common equity tier I capital adequacy ratio (%) 11.3
Capital Adequacy Ratio (incl unappropriated profit)
Total capital adequacy ratio (%) 15.2
Tier I capital adequacy ratio (%) 12.0
Common equity tier I capital adequacy ratio (%) 12.0
Leverage ratio
Tier I capital (excl unappropriated profit) 63 483
Tier I capital (incl unappropriated profit) 67 252
Total exposures 1 316 036
Leverage ratio (excl unappropriated profits, %) 4.8
Leverage ratio (incl unappropriated profits, %) 5.1
Note:
1 Excluding unappropriated profits.
2 The minimum capital requirement excludes any bank-specific capital
requirement and is reported at 10%.
Liquidity coverage ratio disclosure
In terms of the Basel III requirements in Directive 11/2014 issued
in terms of section 6(6) of the Banks Act (Act No. 94 of 1990),
minimum disclosure on the liquidity coverage ratio (LCR) of the
group and the bank is required on a quarterly basis. This disclosure
is in accordance with Pillar 3 of the Basel III liquidity accord.
The LCR is designed to promote short-term resilience of the 1 month
liquidity profile, by ensuring that banks have sufficient high
quality liquid assets (HQLA) to meet potential outflows in a
stressed environment. The LCR was phased in at 60% on 1 January
2015 and will increase by 10% each year to 100% on 1 January 2019.
Standard Bank Standard Bank of
Group South Africa
Consolidated 30 Solo
September 2015 30 September 2015
Rm Rm
Total high quality liquid
assets 159 793 113 815
Net cash outflows 146 959 126 765
LCR (%) 108.7 89.8
Minimum requirement (%) 60.0 60.0
Note:
1. Only banking and/or deposit taking entities are included and the group data
represent an aggregation of the relevant individual net cash outflows and HQLA
portfolios.
2. The above figures reflect the simple average of the month-end values at 31 July 2015,
31 August 2015 and 30 September 2015, based on the regulatory submissions to the SARB.
The information contained in this announcement has not been reviewed by or reported on by
the group's auditors.
Johannesburg
24 November 2015
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
Deutsche Securities (SA) Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 24/11/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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