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SBK
SBK
SBK - Standard Bank Group Limited - Basel II Capital Adequacy Disclosure as at
30 September 2010
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
2010
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 2010 with a
total capital adequacy of 15.2% and Tier 1 capital adequacy of 12.4%,
significantly exceeding minimum regulatory requirements.
September June
2010 2010
Rm Rm
Ordinary share capital and premium 17 445 17 435
Ordinary shareholders` reserves (1) 68 944 70 590
Minority interest 10 315 10 478
Regulatory deductions against primary (18 518) (18 792)
capital
Regulatory exclusions from primary capital (8 271) (11 731)
Unappropriated profits (10 821) (11 693)
Preference share capital and premium 5 495 5 495
Primary capital 64 589 61 782
Subordinated debt 23 665 23 395
Secondary unimpaired reserve funds 1 005 1 122
Regulatory deductions against secondary (7 497) (7 563)
capital
Secondary capital 17 173 16 954
Tertiary capital - Subordinated debt 478 491
Total qualifying capital 82 240 79 227
Total minimum regulatory capital 60 119 60 545
requirement
Total capital adequacy ratio (%) (2) 15.2 14.6
Primary capital adequacy ratio (%)(2) 12.4 11.8
Note:
(1) Ordinary shareholders` reserves include unappropriated profits net of
dividends paid during the period.
(2) Capital adequacy ratios include unappropriated profits.
Standard Bank of South Africa (the company)
Standard Bank of South Africa remained well capitalised as at 30 September 2010
with a total capital adequacy of 13.9% and Tier 1 capital adequacy of 10.6%,
significantly exceeding minimum regulatory requirements.
September June
2010 2010
Rm Rm
Primary capital (1) 40 135 38 921
Secondary capital 12 022 12 138
Tertiary capital - Subordinated debt 300 300
Total qualifying capital 52 457 51 359
Total minimum regulatory capital 37 418 37 128
requirement
Total capital adequacy ratio (%)(2) 13.9 13.5
Primary capital adequacy ratio (%)(2) 10.6 10.2
Note:
(1) Primary capital includes unappropriated profits net
of dividends paid during the period.
(2) Capital adequacy ratios include unappropriated
profits.
The information contained in this announcement has not
been reviewed by or reported on by Standard Bank Group`s
external auditors.
Johannesburg
19 November 2010
Sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 19/11/2010 16:45:01 Produced by the JSE SENS Department.
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