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NED NBKP
NED NBKP
NED/NBKP - Nedbank Group/Nedbank Limited - Quarterly report on basel II capital
adequacy
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group" or "the group")
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667
QUARTERLY REPORT ON BASEL II CAPITAL ADEQUACY
Quarterly Report in terms of Regulation 43(1)(e)(ii) of the Banks Act 94 of 1990
(as amended).
Most of the information required to be disclosed was included in Nedbank Group`s
trading update for the nine month period to 30 September 2008 which was issued
on 4 November 2008. The additional capital adequacy information given below
should be read in conjunction with that trading statement.
The group`s Tier 1 capital adequacy ratio improved from 8,7% in June 2008 to
8,8% in September 2008 while the total capital adequacy remained steady at
11,7%.
The following table sets out the available capital as at 30 September 2008:
Nedbank Group Nedbank Limited
Rm % Rm %
Tier 1 capital (Primary) 31 161 8,8% 25 625 8,6%
Share capital and
reserves 33 077 27 156
Minority interest:
ordinary shareholders 1 572 -
Minority interest:
preference
shareholders 3 421 3 122
Hybrid debt capital 1 467 1 467
Impairments (89) (3 108)
Goodwill (3 921) (1 126)
Unappropriated profits (363) -
Excess of expected
loss over eligible
provisions (50%) (825) (825)
Other regulatory
differences and non-
qualifying reserves (3 178) (1 061)
Tier 2 capital
(Secondary) 10 263 2,9% 9 268 3,1%
Long-term liabilities 10 848 9 812
Excess of expected
loss over eligible
provisions (50%) (825) (825)
General allowance for
credit impairment 210 -
Other regulatory
differences 30 281
Tier 3 capital (Tertiary) - - - -
Total 41 424 11,7% 34 893 11,7%
In addition, the regulations require details of any risk exposure or other item
that is subject to rapid or material change. These have been detailed in the
trading statement released on 4 November 2008.
Sandton
6 November 2008
For further information contact
Tier 1 Investor Relations
Tel: +27 (0)21 702-3102
Sponsors to Nedbank Group:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsors to Nedbank Limited:
Nedbank Capital
Investec Bank Limited
Date: 06/11/2008 08:00:01 Produced by the JSE SENS Department.
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