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FSR FSRP FST FRII FRD FRLE - Pillar 3 Quarterly Disclosures as at 31 March 2019
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 interest rate issuer: FRII
JSE company code debt issuer: FRD
JSE company code ETF issuer: FRLE
(FRB or the bank)
PILLAR 3 QUARTERLY DISCLOSURES AS AT 31 MARCH 2019
In accordance with Pillar 3 of the Basel Accord, Regulation 43 of
the Regulations relating to Banks requires the group to disclose
quarterly information on its capital adequacy. The capital positions
(excluding unappropriated profits) for the group and the bank for
the quarter ended 31 March 2019 are set out below.
R million FSR FRB
Ordinary share capital and premium 8 073 16 808
Other reserves and non-controlling interests 116 824 69 001
Regulatory deductions (10 289) 519
Total Common Equity Tier 1 capital 114 608 86 328
Total Additional Tier 1 capital 7 382 4 742
Total Tier 1 capital 121 990 91 070
Tier 2 instruments 24 653 23 714
Other qualifying reserves 5 545 2 937
Regulatory deductions (7 494) (2 590)
Total Tier 2 capital 22 704 24 061
Total qualifying capital and reserves 144 694 115 131
Minimum capital requirement
Credit 85 426 60 585
Counterparty credit 1 766 1 521
Operational 16 398 12 195
Market 3 049 2 535
Equity investment 3 039 539
Other assets 3 533 2 700
Threshold items 2 288 913
Total minimum capital requirement 115 499 80 988
Common Equity Tier 1 capital ratio 11.6% 12.3%
Tier 1 capital ratio 12.3% 13.0%
Total capital ratio 14.6% 16.4%
Notes:
- Figures above have not been reviewed or reported on by the group’s
external auditors.
- FRB includes foreign branches and subsidiaries.
- Total qualifying capital and reserves, and capital positions
exclude unappropriated profits.
- Ratios as at 31 March 2019 include the transitional impact of IFRS
9.
- The disclosed minimum capital requirement excludes the
confidential bank-specific individual capital requirement and
add-on for domestic systemically-important banks, but includes
the countercyclical buffer requirement. The minimum requirement
is 11.69% and 11.56% for group and bank, respectively.
- The group is required to calculate the countercyclical buffer
requirement on private sector credit exposures in foreign
jurisdictions where these buffer requirements are applicable. The
current impact on the minimum requirements for the group and bank
is 19 bps and 6 bps, respectively.
ADDITIONAL DISCLOSURE
Regulation 43 of the Regulations relating to Banks and the BCBS
Pillar 3 framework require additional quarterly disclosures on
capital, risk weighted assets, leverage and liquidity. These
disclosures are available on the group’s website:
https://www.firstrand.co.za/InvestorCentre/Pages/commondisclosures
.aspx
Sandton
31 May 2019
Sponsor and Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 31/05/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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