| Tue 16 Sep 2008, 16:23 | | ASA / ABSP - Absa - Basel II Pillar 3 Disclosure |
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JSE ASA ABSP
ABSP AMAGB
ASA / ABSP - Absa - Basel II Pillar 3 Disclosure
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa or Absa Group)
ABSA BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
ABSA GROUP LIMITED - BASEL II PILLAR 3 DISCLOSURE
Absa, together with all registered banks, is required to comply with Basel II
Capital Accord, effective 1 January 2008. Basel II is divided into three
pillars, namely Pillar 1 (Minimum Capital Requirements); Pillar 2 (Supervisory
Review Process) and Pillar 3 (Market Discipline).
This announcement is made in accordance with the requirements of Pillar 3. The
purpose of Pillar 3 is to complement the Minimum Capital Requirements and the
Supervisory Review Process of Basel II. The minimum set of disclosure
requirements is intended to allow market participants to assess information on
the scope of application, capital, risk exposures, risk management processes,
and hence the capital adequacy of the institution.
In accordance with Regulation 43(2) of the Regulations relating to banks, semi-
annual and annual disclosures are required which are more comprehensive than the
quarterly requirements as it encompasses both quantitative and qualitative
information.
The semi-annual disclosure for Absa Group Limited, based on June 2008
information, will be published on 16 September 2008 on the Absa website,
www.absa.co.za, under Investor Relations.
Johannesburg
16 September 2008
Enquiries
Carel Gronum - Group Treasurer
(+2711) 350-8995
E-mail: carelg@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 16/09/2008 16:23:01 Produced by the JSE SENS Department.
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