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SBK
SBK
SBK - Standard Bank Group Limited - Standard Bank Group Basel II Capital
Standard Bank Group Limited
Adequacy Disclosure as at 30 September 2008
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE share code: SBK
NSX share code: SNB
ISIN ZAE000109815
("Standard Bank Group")
STANDARD BANK GROUP - BASEL II CAPITAL ADEQUACY DISCLOSURE AS AT 30 SEPTEMBER
2008
In terms of the Basel II requirements under Regulation 43(1)(e)(ii) of
regulations relating to banks, minimum disclosure on the capital adequacy of the
group is required on a quarterly basis. This announcement meets the ongoing
reporting requirement for quarterly disclosure in terms of Pillar 3 of the Basel
II capital accord.
Standard Bank Group remained well capitalised as at 30 September 2008 with a
total capital adequacy of 13.6% and Tier 1 capital adequacy of 11.0%,
significantly exceeding minimum regulatory requirements.
September June
2008 2008
Rm Rm
Ordinary share capital and premium 17 343 17 301
Ordinary shareholders` reserves 59 473 63 392
Preference share capital and premium 5 495 5 495
Minority interest 5 034 4 607
Regulatory deductions against primary (14 225) (12
capital 058)
Regulatory exclusions against primary
capital:
Foreign currency translation (4 968) (4 932)
reserves
Other (2 654) (6 638)
Primary capital 65 498 67 167
Subordinated debt 17 802 17 566
Secondary unimpaired reserve funds 1 144 980
Regulatory deductions against (5 931) (4 257)
secondary capital
Secondary capital 13 015 14 289
Tertiary capital - Subordinated debt 2 212 2 196
Total qualifying capital 80 725 83 652
Total minimum capital requirement 57 813 58 651
% %
Total capital adequacy ratio 13.6 13.9
Primary capital adequacy ratio 11.0 11.2
Notes:
(1) The figures reflected above have not been audited.
(2) Ordinary shareholders` reserves include unappropriated
profits.
(3) The changes in ordinary shareholders` reserves arose as a
result of:
(i) Ordinary dividends of R 2 951m declared in August 2008;
and
(ii) Earnings attributable to ordinary shareholders for the
quarter.
(4) The changes in regulatory deductions and regulatory
exclusions arose mainly as a result of the additional 31.95%
interest acquired in Liberty Holdings Limited.
(5) No new qualifying capital instruments were issued during
the quarter ended 30 September 2008.
Johannesburg
1 December 2008
Sponsor
Standard Bank
Date: 01/12/2008 17:12:13 Produced by the JSE SENS Department.
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