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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
("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)("the Regulation").
Certain of the information required to be disclosed in terms of the Regulation
is included in Nedbank Group`s trading update for the nine month period to 30
September 2010 (issued on 18 October 2010) and the additional capital adequacy
information given below should be read in conjunction with that trading update.
The group`s Tier 1 capital adequacy ratio remains strong at 11,4% (30 June 2010:
11,5%) as with the total capital adequacy ratio at 14,7% (30 June 2010: 14,8%).
The following table sets out the available capital as at 30 September 2010:
Nedbank Group Nedbank Limited
Rm % Rm %
Tier 1 capital (Primary) 37 603 11,4% 27 363 11,0%
Share capital and
reserves 42 131 29 963
Minority interest:
ordinary shareholders 123 -
Minority interest:
preference
shareholders 3 560 3 560
Hybrid debt capital 1 752 1 752
Impairments (960) (6 795)
Goodwill (4 961) -
Unappropriated profits (1 711) (1 186)
Excess of expected
loss over eligible
provisions (50%) (798) (759)
Other regulatory
differences and non-
qualifying reserves (3 072) (187)
Tier 2 capital
(Secondary) 10 771 3,3% 9 917 4,0%
Long-term liabilities 11 502 10 850
Excess of expected
loss over eligible
provisions (50%) (798) (759)
General allowance for
credit impairment 201 -
Other regulatory
differences (134) (174)
Tier 3 capital (Tertiary) - - - -
Total 48 374 14,7% 37 280 15,0%
Minimum required 32 108 24 314
capital and reserve funds
Notes:
1. The figures above have not been audited.
2. Available capital includes unappropriated profits to the extent that they are
not expected to reverse
3. These numbers do not include the effect of capital floors for the bank, in
terms of Directive 1/2009 issued in terms of section 6(6) of the Banks Act,
1990, which will fall away by 31 December 2011
4. Regulation requires details of any risk exposure or other item that is
subject to rapid or material change. These are detailed in the trading update
released on 18 October 2010.
Sandton
9 November 2010
For further information contact
Tier 1 Investor Relations
Tel: +27 (0)21 702-3102
Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Sponsors to Nedbank Limited in South Africa:
Nedbank Capital
Investec Bank Limited
Date: 09/11/2010 13:00:57 Produced by the JSE SENS Department.
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