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SBK
SBK
SBK - Standard Bank Group - Basel II Capital Adequacy Disclosure As At
30 September 2009
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank Group" or "the group")
STANDARD BANK GROUP - BASEL II CAPITAL ADEQUACY DISCLOSURE AS AT 30 SEPTEMBER
2009
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
Standard Bank Group remained well capitalised as at 30 September 2009 with a
total capital adequacy of 14.4% and Tier 1 capital adequacy of 11.9%,
significantly exceeding minimum regulatory requirements.
September June
2009 2009
Rm Rm
Ordinary share capital and premium 17 149 17 100
Ordinary shareholders` reserves (note) 62 847 63 070
Minority interest 3 741 3 958
Regulatory deductions against primary capital (16 414) (15 079)
Regulatory exclusions from primary capital:
Foreign currency translation reserve - (10)
Other (3 249) (3 381)
Preference share capital and premium 5 495 5 495
Primary capital 69 569 71 153
Subordinated debt 16 656 17 067
Secondary unimpaired reserve funds 1 215 832
Regulatory deductions against secondary capital (5 754) (5 866)
Secondary capital 12 117 12 033
Tertiary capital - Subordinated debt 2 045 2 040
Total qualifying capital 83 731 85 226
Total minimum regulatory capital requirement 56 842 57 711
Total capital adequacy ratio (%) 14.4 14.4
Primary capital adequacy ratio (%) 11.9 12.0
Note:
Ordinary shareholders` reserves include unappropriated profits net of dividends
paid during the period.
STANDARD BANK OF SOUTH AFRICA (the company)
Standard Bank of South Africa remained well capitalised as at 30 September 2009
with a total capital adequacy of 13.6% and Tier 1 capital adequacy of 10.2%,
significantly exceeding minimum regulatory requirements.
September June
2009 2009
Rm Rm
Primary capital (note) 36 499 36 352
Secondary capital 11 671 11 640
Tertiary capital - Subordinated debt 300 300
Total qualifying capital 48 470 48 292
Total minimum regulatory capital requirement 34 872 35 721
Total capital adequacy ratio (%) 13.6 13.2
Primary capital adequacy ratio (%) 10.2 9.9
Note:
Primary capital includes unappropriated profits net of dividends paid during the
period.
The information contained in this announcement has not been reviewed by or
reported on by Standard Bank Group`s external auditors.
Johannesburg
10 November 2009
Sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 10/11/2009 17:05:02 Produced by the JSE SENS Department.
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