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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 2012 (Quarter 1, 2012).
Absa
Group
31
March
2012
R m
Qualifying capital
Primary capital
Share capital and reserves (Note 2) 48,234
Preference share capital and premium 4,644
Non-controlling interest - ordinary shares 1,433
Less: Deductions 3,047
Total primary capital 51,264
Secondary capital
Debt instruments 12,611
General allowance for 22
credit impairment, after
deferred tax:
Standardised approach
Less: Deductions 1,357
Total secondary capital
11,276
Total qualifying capital and
reserve funds
62,540
Capital adequacy ratios
(Note 3)
Total capital adequacy
ratio 15.12
Primary capital ratio
12.40
Minimum Required Capital per
Risk type:
Pillar 1 Pillar 2a Total
Credit Risk 23,972 4,495 28,467
Operational Risk 4,757 892 5,649
Market Risk 1,113 209 1,322
Equity Risk 1,909 358 2,267
Other 1,333 250 1,583
Total minimum required
capital and reserve funds
33,084 6,204 39,288
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 2012 Absa Group Board approved target capital ranges are 12,50%-14,00%
for the Total and 9,50%-11,00% for the Core Tier 1 Capital Adequacy Ratios
(inclusive of unappropriated profits). Absa Group has complied with these
internal capital ranges over the reporting period.
Johannesburg
29 May 2012
Enquiries:
Mr. Alan Hartdegen
+27 11 350 2598
E-mail: Alan.Hartdegen@absa.co.za
Lead Sponsor:
J.P. Morgan Equities Limited
Joint Sponsor:
Absa Capital
Date: 29/05/2012 10:05:01 Produced by the JSE SENS Department.
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