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Pillar 3 Quarterly Disclosures as at 30 September 2018
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 30 SEPTEMBER 2018
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 30 September 2018 are set out below.
R million FSR FRB
Ordinary share capital and premium 8 064 16 808
Other reserves and non-controlling interests 104 241 64 898
Regulatory deductions (9 175) 753
Total Common Equity Tier 1 capital 103 130 82 459
Total Additional Tier 1 capital 5 107 1 200
Total Tier 1 capital 108 237 83 659
Tier 2 instruments 27 523 26 575
Other qualifying reserves 1 857 649
Regulatory deductions (5 020) (8)
Total Tier 2 capital 24 360 27 216
Total qualifying capital and reserves 132 597 110 875
Minimum capital requirement
Credit 77 246 55 895
Counterparty credit 1 913 1 684
Operational 15 033 11 068
Market 2 627 2 274
Equity investment 2 838 531
Other assets 3 507 2 808
Threshold items 2 209 965
Total minimum capital requirement 105 373 75 225
Common Equity Tier 1 capital ratio 11.0% 12.2%
Tier 1 capital ratio 11.5% 12.4%
Total capital ratio 14.1% 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 30 September 2018 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 11.19% and 11.15% 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 group and bank minimum requirements are 7
bps and 2 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
27 November 2018
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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