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CPI CPIP
CPI
CPI/CPIP - Capitec Bank Holdings Limited - Quarterly disclosure in terms of
regulation 43 of the Bank`s Act 1990 (as amended)
CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
QUARTERLY DISCLOSURE IN TERMS OF REGULATION 43 OF THE BANK`S ACT 1990 (AS
AMENDED)
Capitec Bank Holdings Limited and its subsidiaries ("group"), have complied with
the Bank`s Act 1990 (as amended), effective 1 January 2008, which incorporates
the requirements of Basel II.
In terms of Pillar 3 under Basel II, the consolidated group is required to
disclose quantitative information on its capital adequacy ratios on a quarterly
basis.
The group`s consolidated capital position at the end of the 1st financial
quarter is set out below :
1st Quarter 2009 4th Quarter 2008
31 May 2008 29 February 2008
Capital Capital
Adequacy Adequac
y
R`000 Ratio % R`000 Ratio %
Qualifying ordinary share
capital and reserves 1 021 184 1 015 222
Qualifying preference share
capital 154 606 154 606
PRIMARY (TIER 1) CAPITAL 1 175 790 47.0 1 169 828 35.8
Qualifying unidentified loan
impairments 23 602 20 044
SECONDARY (TIER 2) CAPITAL 23 602 0.9 20 044 0.6
TOTAL QUALIFYING REGULATORY
CAPITAL 1 199 392 47.9 1 189 872 36.4
TOTAL REGULATORY CAPITAL
REQUIREMENT 626 003 817 462
The increase in the capital adequacy ratio of the group was a result of a change
in the methodology used to calculate the operational risk component of the
regulatory capital requirement.
The group reported to the market on 16 April 2008 that approval was received
from the South African Reserve Bank to apply the Alternative Standardised
Approach ("ASA") methodology for the calculation of the operational risk
component of the regulatory capital requirement.
For ease of comparison, the table below shows the position with the comparative
4th Quarter 2008 figures revised, to illustrate the impact had the ASA been
effective at that time.
Revised
1st Quarter 2009 4th Quarter 2008
31 May 2008 29 February 2008
Capital Capital
Adequacy Adequac
y
R`000 Ratio % R`000 Ratio %
Qualifying ordinary share
capital and reserves 1 021 184 1 015 222
Qualifying preference share
capital 154 606 154 606
PRIMARY (TIER 1) CAPITAL 1 175 790 47.0 1 169 828 54.1
Qualifying unidentified loan
impairments 23 602 20 044
SECONDARY (TIER 2) CAPITAL 23 602 0.9 20 044 0.9
TOTAL QUALIFYING REGULATORY
CAPITAL 1 199 392 47.9 1 189 872 55.0
TOTAL REGULATORY CAPITAL
REQUIREMENT 626 003 540 720
The above disclosures have been prepared in compliance with the group`s
disclosure policy.
By order of the Board.
Stellenbosch
15 July 2008
Sponsor - PSG Capital (Pty) Limited
Date: 15/07/2008 15:00:01 Produced by the JSE SENS Department.
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