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FIRSTRAND BANK LIMITED - Pillar 3 Quarterly Disclosures as at 30 September 2018

Release Date: 27/11/2018 14:10
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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)


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%

- 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.


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:

27 November 2018

RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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