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SBK SBKP SBPP
SBK
SBK - Standard Bank Group Limited - Standard Bank Group - Basel II Capital
Adequacy Disclosure as at 30 September 2011
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE Share code: SBK
ISIN:ZAE000109815
NSX share code: SNB
NSX share code: SNB ZAE000109815
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond codes: SBS, SBK, SBN, SBR, ETN series
and CLN series (all JSE listed bonds issued in
terms of The Standard Bank of South Africa
Limited`s Domestic Medium Term Note Programme and
Credit Linked Note Programme)
("Standard Bank Group" or "the group")
Standard Bank Group - Basel II Capital Adequacy Disclosure as at 30
September 2011
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
2011 with a total capital adequacy of 13.6% and primary capital
adequacy of 11.3%, significantly exceeding minimum regulatory
requirements.
September June
2011 2011
Rm Rm
Ordinary share capital and premium 17 681 17 646
Ordinary shareholders` reserves(1) 77 512 72 885
Minority interest 12 122 11 099
Regulatory deductions against primary
capital (19 838) (18
716)
Regulatory exclusions from primary capital (14 274) (15
624)
Foreign Currency Translation Reserve(2) 1 440 5 365
Other regulatory exclusions (11 815) (12
863)
Unappropriated Profit (3 899) (8
126)
Preference share capital and premium 5 495 5 495
Primary capital 78 698 72 785
Subordinated debt 21 690 20 407
Secondary unimpaired reserve funds 1 444 1 371
Regulatory deductions against secondary
capital (6 763) (6
546)
Secondary capital 16 371 15 232
Tertiary capital - Subordinated debt 469 469
Total qualifying capital 95 538 88 486
Total minimum regulatory capital
requirement(3) 69 261 62 168
Credit Risk 50 718 44 486
Equity Risk 1 921 1 759
Market Risk 6 135 5 855
Operational Risk 10 487 10 068
Capital Adequacy Ratio (excl unappropriated
profit)
Total capital adequacy ratio (%) 13.1 13.5
Primary capital adequacy ratio (%) 10.8 11.1
Capital Adequacy Ratio (incl unappropriated
profit)
Total capital adequacy ratio (%) 13.6 14.8
Primary capital adequacy ratio (%) 11.3 12.4
Notes:
1. Ordinary shareholders` reserves include unappropriated profits net
of dividends paid during the period.
2. Movement due to currency translation gains arising from a
weakening of the rand exchange rate.
3. Total minimum capital requirement calculated at 9.5% is comprised of
Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific add-ons
and capital floors. The R7bn increase in capital requirement arose from
translation of risk weighted assets at a weaker exchange rate
accounting for R3bn of the increase in capital requirement. The
remainder of the increase in capital requirement is due to an increase
in credit risk capital requirement in the Corporate & Investment
Banking business arising from loan growth. In addition there have been
increased credit risk exposures arising from loan growth and increased
market risk exposures in the Rest of Africa.
Standard Bank Of South Africa (the company)
Standard Bank of South Africa remained well capitalised
as at 30 September 2011 with a total capital adequacy of
13.7% and primary capital adequacy of 10.7%,
significantly exceeding minimum regulatory requirements.
September June
2011 2011
Rm Rm
Primary capital(1) 43 949 40 278
Secondary capital 12 046 12 385
Tertiary capital - Subordinated debt 300 300
Total qualifying capital 56 295 52 963
Unappropriated Profit 664 3 935
Total minimum regulatory capital
requirement(2) 39 589 36 919
Credit Risk 30 723 28 138
Equity Risk 1 571 1 391
Market Risk 1 156 1 208
Operational Risk 6 139 6 182
Capital Adequacy Ratio (excl unappropriated
profit)
Total capital adequacy ratio (%) 13.5 13.6
Primary capital adequacy ratio (%) 10.5 10.4
Capital Adequacy Ratio (incl unappropriated
profit)
Total capital adequacy ratio (%) 13.7 14.6
Primary capital adequacy ratio (%) 10.7 11.4
Notes:
1. Primary capital excludes unappropriated profits and is net of
dividends paid during the period.
2. Total minimum capital requirement calculated at 9.5% is comprised
of Pillar 1 at 8% and Pillar 2a at 1.5% and excludes bank specific
add-ons and capital floors. Capital requirement increased during the
quarter by R2.7bn due to loan growth in the Corporate & Investment
banking portfolio.
The information contained in this announcement has not been reviewed
by or reported on by Standard Bank Group`s external auditors.
Johannesburg
16 November 2011
Sponsor
Standard Bank
Independent sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 16/11/2011 15:40:01 Produced by the JSE SENS Department.
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