OREANDA-NEWS. November 27, 2015.

Standard Bank Group Limited

Registration No. 1969/017128/06

Incorporated in the Republic of South Africa

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)

("Standard Bank Group" or "the group")

 

Basel III capital adequacy, leverage ratio and liquidity coverage ratio disclosure as at 30 September 2015

In terms of the requirements under Regulation 43(1)(e)(iii) of the regulations relating to banks and Directive 4/2014 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum disclosure on the capital adequacy of the group and its leverage ratio is required on a quarterly basis. This disclosure is in accordance with Pillar 3 of the Basel III accord.

Standard Bank Group capital adequacy and leverage ratio

September

2015

Rm

Ordinary share capital and premium

17 947

Ordinary shareholders' reserves1

126 142

Qualifying common equity tier I non-controlling interest

5 388

Regulatory deductions against common equity tier I capital

(35 424)

Common equity tier I capital

114 053

Unappropriated Profit

14 231

Common equity tier 1 capital excluding unappropriated profit

99 822

Perpetual preference shares

3 847

Qualifying tier I non-controlling interest

154

Tier I capital excluding unappropriated profit

103 822

Tier II subordinated debt

19 443

General allowance for credit impairments

1 665

Tier II capital

21 109

Total qualifying capital excluding unappropriated profit

124 931

Total minimum regulatory capital requirement2

89 807

Credit Risk

65 695

Counterparty credit risk

2 146

Equity Risk in the banking book

1 152

Market Risk

4 697

Operational Risk

12 939

Threshold items

3 178

Capital Adequacy Ratio (excl unappropriated profit)

Total capital adequacy ratio (%)

13.9

Tier I capital adequacy ratio (%)

11.6

Common equity tier I capital adequacy ratio (%)

11.1

Capital Adequacy Ratio (incl unappropriated profit)

Total capital adequacy ratio (%)

15.5

Tier I capital adequacy ratio (%)

13.1

Common equity tier I capital adequacy ratio (%)

12.7

Leverage ratio

Tier I capital (excl unappropriated profit)

103 822

Tier I capital (incl unappropriated profit)

118 053

Total exposures

1 796 023

Leverage ratio (excl unappropriated profits, %)

5.8

Leverage ratio (incl unappropriated profits, %)

6.6

Note:

1 Including unappropriated profits.

2 The minimum capital requirement excludes any bank-specific capital requirement and is reported at 10%.

 

The Standard Bank of South Africa Limited and its subsidiaries ("SBSA") capital adequacy and leverage ratio

September

 

2015

 

Rm

 

Common equity tier I capital1

63 483

 

Tier I capital1

63 483

 

Tier II capital

17 989

 

 

Total qualifying capital1

81 472

 

 

Unappropriated Profit

3 769

 

 

Total minimum regulatory capital requirement2

56 032

 

Credit Risk

42 131

 

Counterparty credit risk

1 801

 

Equity Risk in the banking book

1 107

 

Market Risk

2 753

 

Operational Risk

7 794

 

Threshold items

447

 

 

Capital Adequacy Ratio (excl unappropriated profit)

 

Total capital adequacy ratio (%)

14.5

 

Tier I capital adequacy ratio (%)

11.3

 

Common equity tier I capital adequacy ratio (%)

11.3

 

 

Capital Adequacy Ratio (incl unappropriated profit)

 

Total capital adequacy ratio (%)

15.2

 

Tier I capital adequacy ratio (%)

12.0

 

Common equity tier I capital adequacy ratio (%)

12.0

 

 

Leverage ratio

 

Tier I capital (excl unappropriated profit)

63 483

 

Tier I capital (incl unappropriated profit)

67 252

 

Total exposures

1 316 036

 

Leverage ratio (excl unappropriated profits, %)

4.8

 

Leverage ratio (incl unappropriated profits, %)

5.1

 

 

Note:

 

 

1 Excluding unappropriated profits.

 

2 The minimum capital requirement excludes any bank-specific capital requirement and is reported at 10%.

 

 

Liquidity coverage ratio disclosure

In terms of the Basel III requirements in Directive 11/2014 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum disclosure on the liquidity coverage ratio (LCR) of the group and the bank is required on a quarterly basis. This disclosure is in accordance with Pillar 3 of the Basel III liquidity accord.

The LCR is designed to promote short-term resilience of the 1 month liquidity profile, by ensuring that banks have sufficient high quality liquid assets (HQLA) to meet potential outflows in a stressed environment.  The LCR was phased in at 60% on 1 January 2015 and will increase by 10% each year to 100% on 1 January 2019.

Standard Bank Group Consolidated 30 September 2015

Standard Bank of South Africa Solo

30 September 2015

Rm

Rm

 

Total high quality liquid assets

159 793

113 815

 

 

Net cash outflows

146 959

126 765

 

 

LCR (%)

108.7

89.8

 

 

Minimum requirement (%)

60.0

60.0

 

Note:

1. Only banking and/or deposit taking entities are included and the group data represent an aggregation of the relevant individual net cash outflows and HQLA portfolios.

 

 

2. The above figures reflect the simple average of the month-end values at 31 July 2015, 31 August 2015 and 30 September 2015, based on the regulatory submissions to the SARB.

 

 

 

 

The information contained in this announcement has not been reviewed by or reported on by the group's auditors.