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FIRSTRAND LIMITED - Pillar 3 Quarterly Disclosures as at 30 September 2019

Release Date: 28/11/2019 10:00
 
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Pillar 3 Quarterly Disclosures as at 30 September 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
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 30 SEPTEMBER 2019

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 2019 are set out
below.

R million                                                FSR          FRB
Ordinary share capital and premium                     8 079       16 808
Other reserves and non-controlling interests         121 770       72 363
Regulatory deductions                                (11 092)        (494)
Total Common Equity Tier 1 capital                   118 757       88 677

Total Additional Tier 1 capital                        8 435        4 847

Total Tier 1 capital                                 127 192       93 524

Tier 2 instruments                                    23 649       22 486
Other qualifying reserves                              3 908          931
Regulatory deductions                                 (2 717)      (2 849)
Total Tier 2 capital                                  24 840       20 568

Total qualifying capital and reserves                152 032      114 092

Minimum capital requirement
Credit                                                89 587       61 138
Counterparty credit                                    2 155        1 979
Operational                                           16 798       12 528
Market                                                 3 069        2 758
Equity investment                                      3 496          706
Other assets                                           4 069        3 076
Threshold items                                        2 858        1 001
Total minimum capital requirement                    122 032       83 186


Common Equity Tier 1 capital ratio                     11.4%        12.3%
Tier 1 capital ratio                                   12.2%        13.0%
Total capital ratio                                    14.6%        15.8%

Notes:
- The figures above have not been reviewed or reported on by the
  group’s or the bank’s external auditors.
- FRB includes foreign branches.
- Total qualifying capital and reserves and capital ratios exclude
  unappropriated profits.
- Capital ratios as at 30 September 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 11.55% for the group and the 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 the
  bank is 18.6 bps and 4.9 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/investors/basel-pillar-3-disclosure/



Sandton

28 November 2019

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

Date: 28-11-2019 10:00:00
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