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Basel III capital adequacy, leverage ratio, liquidity coverage ratio and net stable funding ratio disclosure
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
Registration No. 1969/017128/06
JSE and A2X share code: SBK
NSX share code: SNB
ISIN: ZAE000109815
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond code: SBKI
(“Standard Bank Group” or “the group”)
Basel III capital adequacy, leverage ratio, liquidity coverage ratio and net stable
funding ratio disclosure as at 31 March 2022.
In terms of the requirements under Regulation 43(1)(e)(iii) of the regulations relating to banks,
Directive 11/2015 and Directive 1/2018 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
March 2022 (Rm)
Ordinary share capital and premium 27 451
Ordinary shareholders' reserves 167 986
Qualifying Common Equity Tier I non-controlling interest 8 355
Regulatory deductions against Common Equity Tier I capital (20 533)
Common Equity Tier I capital 183 259
Unappropriated profit (12 126)
Common Equity Tier 1 capital excl. unappropriated profit 171 133
Qualifying other equity instruments 8 771
Qualifying Tier I non-controlling interest 1 461
Tier I capital excl. unappropriated profit 181 365
Qualifying Tier II subordinated debt 22 822
General allowance for credit impairments 5 973
Tier II capital 28 795
Total regulatory capital excl. unappropriated profit 210 160
March 2022 (Rm)
Credit risk 123 209
Counterparty credit risk 11 310
Equity risk in the banking book 2 108
Market risk 9 291
Operational risk 22 232
Investments in financial entities 8 343
Total minimum regulatory capital requirement 2 176 493
March 2022
Capital Adequacy Ratio (excl. unappropriated profit)
Total capital adequacy ratio (%) 15.5
Tier I capital adequacy ratio (%) 13.4
Common Equity Tier I capital adequacy ratio (%) 12.6
Capital Adequacy Ratio (incl. unappropriated profit)
Total capital adequacy ratio (%) 16.4
Tier I capital adequacy ratio (%) 14.3
Common Equity Tier I capital adequacy ratio (%) 13.5
Leverage ratio
Tier I capital (excl. unappropriated profit) (Rm) 181 365
Tier I capital (incl. unappropriated profit) (Rm) 193 491
Total exposures (Rm) 2 444 141
Leverage ratio (excl. unappropriated profits, %) 7.4
Leverage ratio (incl. unappropriated profits, %) 7.9
Note:
1
Including unappropriated profits.
2 Measured at 13% and excludes confidential bank-specific capital requirements. There is currently no requirement for the
countercyclical buffer add-on in South Africa or in other jurisdictions in which the group has significant exposures.
The Standard Bank of South Africa Limited (SBSA) and its
subsidiaries’ capital adequacy and leverage ratio
March 2022 (Rm)
Ordinary share capital and premium 49 313
1
Ordinary shareholders' reserves 52 143
Regulatory deductions against Common Equity Tier I capital (9 499)
Common Equity Tier I capital 91 957
Unappropriated profit (2 872)
Common Equity Tier 1 capital excl. unappropriated profit 89 085
Qualifying other equity instruments 8 772
Tier I capital excl. unappropriated profit 97 857
Qualifying Tier II subordinated debt 20 636
General allowance for credit impairments 2 864
Tier II capital 23 501
Total regulatory capital excl. unappropriated profit 121 357
March 2022 (Rm)
Credit risk 74 993
Counterparty credit risk 9 027
Equity risk in the banking book 974
Market risk 5 659
Operational risk 13 120
Investments in financial entities 2 254
Total minimum regulatory capital requirement 2 106 027
March 2022 (Rm)
Capital Adequacy Ratio (excl. unappropriated profit)
Total capital adequacy ratio (%) 15.5
Tier I capital adequacy ratio (%) 12.5
Common Equity Tier I capital adequacy ratio (%) 11.3
Capital Adequacy Ratio (incl. unappropriated profit)
Total capital adequacy ratio (%) 15.8
Tier I capital adequacy ratio (%) 12.8
Common Equity Tier I capital adequacy ratio (%) 11.7
Leverage ratio
Tier I capital (excl. unappropriated profit) (Rm) 97 857
Tier I capital (incl. unappropriated profit) (Rm) 100 729
Total exposures (Rm) 1 864 313
Leverage ratio (excl. unappropriated profits, %) 5.2
Leverage ratio (incl. unappropriated profits, %) 5.4
Note:
1 Including unappropriated profits.
2 Measured at 13.5% and excludes any confidential bank-specific capital requirements. There is currently no requirement for the
countercyclical buffer add-on in South Africa or in other jurisdictions in which the group has significant exposures.
Liquidity Coverage Ratio (LCR)
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), banks are directed to comply with the minimum
disclosure on the liquidity coverage ratio (LCR) on both a Standard Bank Group consolidated
as well as SBSA Solo entity level. 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 30-calendar day liquidity profile,
by ensuring that banks have sufficient high quality liquid assets (HQLA) to meet potential
outflows in a stressed environment.
The temporary liquidity relief measure granted by the South African Reserve Bank (SARB)
due to the effects of Covid-19 pandemic has been withdrawn in a phased approach whereby
the minimum regulatory requirement increased from 80% to 90% effective 1 January 2022
as per the SARB Prudential Authority directive D8/2021 issued on 29 October 2021.
Standard Bank Group
Consolidated SBSA Solo
31 March 2022 31 March 2022
Rm Rm
Total HQLA 367 507 226 079
Net cash outflows 259 951 201 958
LCR (%) 141.4 111.9
Minimum requirement (%) 90.0 90.0
Note:
1. Only banking and/or deposit taking entities are included. The group data represents a
consolidation of the relevant individual net cash outflows and the individual HQLA portfolios,
where surplus HQLA holdings in excess of the minimum requirement of 90% have been excluded
from the aggregated HQLA figure in the case of all Africa Regions entities.
2. The above figures reflect the simple average of 90 days of daily observations over the quarter
ended 31 March 2022 for SBSA including SBSA Isle of Man branch, Stanbic Bank Ghana,
Stanbic Bank Uganda, Stanbic IBTC Bank Nigeria, Standard Bank Namibia, Standard Bank Isle
of Man Limited and Standard Bank Jersey Limited. The remaining Africa Regions banking entities
results are based on the average of the month-end data points as at 31 January 2022, 28
February 2022 and 31 March 2022. The figures are based on the regulatory submissions to the
SARB.
3. The SBSA Solo disclosure excludes foreign branches.
Net Stable Funding Ratio
In terms of the Basel III requirements in Directive 8/2017 issued in terms of section 6(6) of
the Banks Act, (Act No. 94 of 1990), banks are directed to comply with the minimum
disclosure on the net stable funding ratio (NSFR) on both a Standard Bank Group
consolidated as well as SBSA Solo entity level. This disclosure is in accordance with Pillar 3
of the Basel III liquidity accord.
The objective of the Basel III Net stable funding ratio (NSFR) is to promote funding stability
and resilience in the banking sector by requiring banks to maintain a stable funding profile in
relation to the composition of assets and off-balance sheet activities.
.
Standard Bank Group
Consolidated SBSA Solo
31 March 2022 31 March 2022
Rm Rm
Available stable funding 1 403 009 956 614
Required stable funding 1 158 557 903 804
NSFR (%) 121.1 105.8
Minimum requirement (%) 100.0 100.0
The information contained in this announcement has not been reviewed and reported on by
the group's external auditors.
Johannesburg
25 May 2022
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
JP Morgan Equities South Africa Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 25-05-2022 08:00:00
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