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FIRSTRAND BANK LIMITED - FSR FSRP FST FRII FRD FRLE - Pillar 3 Quarterly Disclosures as at 31 March 2019

Release Date: 31/05/2019 11:15
 
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FSR FSRP FST FRII FRD FRLE - Pillar 3 Quarterly Disclosures as at 31 March 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
(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 31 MARCH 2019

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 31 March 2019 are set out below.

R million                                                  FSR       FRB
Ordinary share capital and premium                       8 073    16 808
Other reserves and non-controlling interests           116 824    69 001
Regulatory deductions                                  (10 289)      519
Total Common Equity Tier 1 capital                     114 608    86 328

Total Additional Tier 1 capital                          7 382     4 742

Total Tier 1 capital                                   121 990    91 070

Tier 2 instruments                                      24 653    23 714
Other qualifying reserves                                5 545     2 937
Regulatory deductions                                   (7 494)   (2 590)
Total Tier 2 capital                                    22 704    24 061

Total qualifying capital and reserves                  144 694   115 131

Minimum capital requirement
Credit                                                  85 426    60 585
Counterparty credit                                      1 766     1 521
Operational                                             16 398    12 195
Market                                                   3 049     2 535
Equity investment                                        3 039       539
Other assets                                             3 533     2 700
Threshold items                                          2 288       913
Total minimum capital requirement                      115 499    80 988

Common Equity Tier 1 capital ratio                       11.6%     12.3%
Tier 1 capital ratio                                     12.3%     13.0%
Total capital ratio                                      14.6%     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 31 March 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 11.56% 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 minimum requirements for the group and bank
  is 19 bps and 6 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
31 May 2019

Sponsor and Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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