FIRSTRAND BANK LIMITED - FSR FSRP FST FRII FRD FRLE - Pillar 3 Quarterly Disclosures as at 31 March 2020

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
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.