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Pillar 3 Quarterly Disclosures as at 30 September 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
LEI:529900XYOP8CUZU7R671
(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
LEI: ZAYQDKTCATIXF9OQY690
(FRB or the bank)
PILLAR 3 QUARTERLY DISCLOSURES AS AT 30 SEPTEMBER 2019
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 30 September 2019 are set out
below.
R million FSR FRB
Ordinary share capital and premium 8 079 16 808
Other reserves and non-controlling interests 121 770 72 363
Regulatory deductions (11 092) (494)
Total Common Equity Tier 1 capital 118 757 88 677
Total Additional Tier 1 capital 8 435 4 847
Total Tier 1 capital 127 192 93 524
Tier 2 instruments 23 649 22 486
Other qualifying reserves 3 908 931
Regulatory deductions (2 717) (2 849)
Total Tier 2 capital 24 840 20 568
Total qualifying capital and reserves 152 032 114 092
Minimum capital requirement
Credit 89 587 61 138
Counterparty credit 2 155 1 979
Operational 16 798 12 528
Market 3 069 2 758
Equity investment 3 496 706
Other assets 4 069 3 076
Threshold items 2 858 1 001
Total minimum capital requirement 122 032 83 186
Common Equity Tier 1 capital ratio 11.4% 12.3%
Tier 1 capital ratio 12.2% 13.0%
Total capital ratio 14.6% 15.8%
Notes:
- The figures above have not been reviewed or reported on by the
group’s or the bank’s external auditors.
- FRB includes foreign branches.
- Total qualifying capital and reserves and capital ratios exclude
unappropriated profits.
- Capital ratios as at 30 September 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 11.55% for the group and the 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 the
bank is 18.6 bps and 4.9 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/investors/basel-pillar-3-disclosure/
Sandton
28 November 2019
Sponsor and Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28-11-2019 10:00:00
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