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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 30 September 2011 (Quarter 3, 2011).
Absa Group
30 September
2011
R m
Qualifying capital
Primary capital
Share capital and reserves 48,490
(Note 2)
Preference share capital and 4,644
premium
Non-controlling interest - 1,368
ordinary shares
Less: Deductions 2,773
Total primary capital 51,729
Secondary capital
Debt instruments 12,611
General allowance for credit 26
impairment, after deferred
tax: Standardised approach
Less: Deductions 1,287
Total secondary capital 11,350
Total qualifying capital and 63,079
reserve funds
Capital adequacy ratios (Note
3)
Total capital adequacy ratio 15.21%
Primary capital ratio 12.47%
Minimum required capital and
reserve funds per risk type
Risk type Pillar 1 Pilla Total
Rm Rm r 2a Rm
Rm
Credit risk 24,582 29,191
Operational 4,723 4,609 5,609
risk 756 886 898
Market risk 1,767 142 2,098
Equity risk 1,357 331 1,611
Total minimum required capital Non-customer 254
and reserve funds assets 33,185
6,222 39,407
Total minimum required capital
ratio 8.00%
1.50% 9.50%
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 exceeded over the reporting period ending 30
September 2011.
Johannesburg
29 November 2011
Enquiries:
Mr. Alan Hartdegen - Investor Relations Officer
(+2711) 350-2598
E-mail: Alan.Hartdegen@absa.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 29/11/2011 12:14:01 Produced by the JSE SENS Department.
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