CPI - Capitec Bank Holdings - Approval Of Alternat
CPI CPIP
CPI
CPI - Capitec Bank Holdings - Approval Of Alternative Standardised Approach For
Calculation Of Operational Risk Capital
Capitec Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code: CPI & ISIN: ZAE000035861)
(JSE share code: CPIP & ISIN: ZAE000083838)
("Capitec" or "the company")
APPROVAL OF ALTERNATIVE STANDARDISED APPROACH FOR CALCULATION OF OPERATIONAL
RISK CAPITAL
It was reported on 2 April 2008 in the public announcement of the financial
results for the year ended 29 February 2008 that Capitec Bank ("the bank") had
applied to the South African Reserve Bank ("SARB") for permission to implement
the Alternative Standardised Approach ("ASA") for the calculation of operational
risk capital required under Basel II.
We are pleased to announce that the SARB has approved our application, subject
to standard conditions, with effect from 1 April 2008. According to our best
estimate, if the ASA had been used in the calculation of the bank`s capital
adequacy as at 29 February 2008, the capital adequacy ratio would have been 53%
as against the 36% reported using the Basic Indicator Approach.
By order of the Board.
Stellenbosch
16 April 2008
Sponsor - PSG Capital (Pty) Limited
Date: 16/04/2008 14:09:11 Produced by the JSE SENS Department.
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