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FSR FSRP FST FRII FRD FRLE - Pillar 3 Quarterly Disclosures as at 31 March 2020
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 31 MARCH 2020
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 2020 are set out below.
R million FSR FRB
Ordinary share capital and premium 8 008 16 808
Other reserves and non-controlling interests 131 537 76 950
Regulatory deductions (12 412) (512)
Total Common Equity Tier 1 capital 127 133 93 246
Total Additional Tier 1 capital 7 913 4 686
Total Tier 1 capital 135 046 97 932
Tier 2 instruments 22 888 21 801
Other qualifying reserves 4 383 826
Regulatory deductions (2 455) (3 369)
Total Tier 2 capital 24 816 19 258
Total qualifying capital and reserves 159 862 117 190
Minimum capital requirement
Credit 94 950 62 743
Counterparty credit 3 560 2 993
Operational 17 117 13 065
Market 2 521 2 236
Equity investment 3 391 657
Other assets 4 074 2 876
Threshold items 2 767 931
Total minimum capital requirement 128 380 85 501
Common Equity Tier 1 capital ratio 11.4% 12.5%
Tier 1 capital ratio 12.1% 13.2%
Total capital ratio 14.3% 15.8%
Notes:
- Figures above have not been reviewed or reported on by the group
or bank’s external auditors.
- FRB includes foreign branches.
- Qualifying capital and reserves, and capital ratios exclude
unappropriated profits.
- Capital ratios at 31 March 2020 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 11.50% for both the group and the bank. The countercyclical
buffer requirement at 31 March 2020 was 0% for both group and
bank.
- The Prudential Authority’s temporary relief measures for COVID-
19, i.e. a reduction in the Pillar 2A requirement from 1% to 0%
is only effective from April 2020.
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 May 2020
Sponsor and debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28-05-2020 01:45:00
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