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ASA
AMAGB
ASA - ABSA GROUP Limited - ABSA Group - Basel Ii Pillar 3 Disclosure
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa or Absa Group)
ABSA GROUP - BASEL II PILLAR 3 DISCLOSURE
Absa, together with all registered banks, is required to comply with the Basel
II Capital Accord (Basel II), effective 1 January 2008. Basel II is divided into
three pillars, namely Pillar 1 (minimum capital requirements); Pillar 2
(supervisory review process) and Pillar 3 (market discipline).
This announcement is made in accordance with the requirements of Pillar 3. The
purpose of Pillar 3 is to complement the minimum capital requirements and the
supervisory review process of Basel II. The minimum set of disclosure
requirements is intended to allow market participants to assess key pieces of
information on the scope of application, capital, risk exposures, risk
assessment processes, and hence the capital adequacy of the institution.
In accordance with Regulation 43(1) (e) (ii) of the regulations relating to
banks, the minimum requirements of the quantitative information to be disclosed
to the public on a quarterly basis are:
- primary capital, including the primary capital
adequacy ratio;
- total capital, including the total capital adequacy
ratio;
- the components of capital;
- the total required amount of capital and reserve
funds; and
- any risk exposure or other item that is subject to
rapid or material change.
The disclosure required semi-annually and annually is more comprehensive than
the quarterly requirements as it encompasses both quantitative and qualitative
information.
The table below represents the consolidated regulatory capital position for the
Absa Group as at 31 March 2011 (Quarter 1, 2011).
Absa Group
31 March 2011
R m
Qualifying capital
Primary capital
Share capital and reserves (Note 2) 48,299
Preference share capital and premium 4,644
Non-controlling interest - ordinary shares 1,029
Less: Deductions 2,729
Total primary capital 51,243
Secondary capital
Debt instruments 12,611
General allowance for credit impairment, after deferred 21
tax: Standardised approach
Less: Deductions 1,253
Total secondary capital 11,379
Total qualifying capital and reserve funds 62,622
Minimum required capital and reserve funds 40,866
Capital adequacy ratios (Note 3)
Total capital adequacy ratio 14.94
Primary capital ratio 12.23
Notes:
1) The figures above have not been audited.
2) Share capital and reserves excludes unappropriated
profits. The capital adequacy ratios disclosed in the
annual and interim results presentations include
unappropriated profits and are consequently higher.
3) The 2011 Absa Group Board approved target capital ranges
of 12% - 14% for the Total and 10%-12% for the Tier 1
Capital Adequacy Ratios (inclusive of unappropriated
profits) were complied with over the reporting period
ending March 2011.
Johannesburg
3 June 2011
Enquiries:
Alan Hartdegen - Head Investor Relations
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 03/06/2011 10:00:01 Produced by the JSE SENS Department.
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