|
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
("Nedbank Limited" or "the bank")
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 is included in Nedbank Group`s
trading update for the three month period to 31 March 2009 (released on 7 May
2009) and the additional capital adequacy information given below should be read
in conjunction with that trading statement.
Nedbank Group remains strongly capitalised. The group`s Tier 1 capital adequacy
ratio improved from 9,6% at 31 December 2008 to 10,0% at 31 March 2009 while the
total capital adequacy increased from 12,4% to 13,2% over the same period.
The following table sets out the available capital as at 31 March 2009:
Nedbank Group Nedbank Limited
Rm % Rm %
Tier 1 capital (Primary) 34 927 10,0% 27 553 10,1%
Share capital and
reserves 35 937 29 311
Minority interest:
ordinary shareholders 1 923 -
Minority interest:
preference
shareholders 3 285 3 122
Hybrid debt capital 1 752 1 752
Impairments (6) (3 647)
Goodwill (3 894) (1 126)
Unappropriated profits (307) (307)
Excess of expected
loss over eligible
provisions (50%) (624) (624)
Other regulatory
differences and non-
qualifying reserves (3 139) (928)
Tier 2 capital
(Secondary) 11 192 3,2% 10 392 3,8%
Long-term liabilities 11 499 10 847
Excess of expected
loss over eligible
provisions (50%) (624) (624)
General allowance for
credit impairment 239 -
Other regulatory
differences 78 169
Tier 3 capital (Tertiary) - - - -
Total 46 119 13,2% 37 945 13,9%
Minimum required 34 089 26 614
capital and reserve funds
Notes:
1. Available capital includes unappropriated profits to the extent that they
are not expected to reverse
2. The minimum required capital and reserve funds balances reflected above do
not include the effect of Basel II capital floors for the bank which have
no effect on the above capital adequacy ratios
3. Nedbank Limited issued $100 million lower Tier 2 debt during the quarter
In addition, the regulations require details of any risk exposure or other item
that is subject to rapid or material change. These are detailed in the trading
statement released on 7 May 2009.
Sandton
7 May 2009
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: 07/05/2009 08:01:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
