FSR FSRP - Pillar 3 Quarterly Disclosures as at 30 September 2020
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
JSE ordinary share code: FSR
Ordinary share ISIN: ZAE000066304
JSE B preference share code: FSRP
B preference share ISIN: ZAE000060141
NSX ordinary share code: FST
LEI:529900XYOP8CUZU7R671
(FSR or the group)
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code interest rate issuer: FRII
JSE company code debt issuer: FRD
JSE company code ETF issuer: FRLE
JSE company code ETN issuer: FRTN
LEI: ZAYQDKTCATIXF9OQY690
(FRB or the bank)
PILLAR 3 QUARTERLY DISCLOSURES AS AT 30 SEPTEMBER 2020
Regulation 43 of the Regulations relating to Banks requires the group
to disclose quarterly information on its capital adequacy. The
capital positions (excluding unappropriated profits) for the group
and the bank for the quarter ended 30 September 2020 are set out
below.
R million FSR FRB
Ordinary share capital and premium 8 065 16 808
Other reserves and non-controlling interests 132 215 77 217
Regulatory deductions (14 977) (2 919)
Total Common Equity Tier 1 capital 125 303 91 106
Total Additional Tier 1 capital 6 746 3 393
Total Tier 1 capital 132 049 94 499
Tier 2 instruments 20 558 19 504
Other qualifying reserves 7 423 3 778
Regulatory deductions (1 718) (3 287)
Total Tier 2 capital 26 263 19 995
Total qualifying capital and reserves 158 312 114 494
Minimum capital requirement
Credit 97 786 65 828
Counterparty credit 4 051 3 581
Operational 18 150 13 905
Market 3 915 3 480
Equity investment 3 350 551
Other assets 4 252 3 079
Threshold items 3 032 1 130
Total minimum capital requirement 134 536 91 554
Common Equity Tier 1 capital ratio 11.2% 11.9%
Tier 1 capital ratio 11.8% 12.4%
Total capital ratio 14.1% 15.0%
Notes:
- Figures above have not been reviewed or reported on by the group
or bank's external auditors.
- FRB includes foreign branches.
- Qualifying capital and reserves, and capital ratios exclude
unappropriated profits.
- Capital ratios at 30 September 2020 include the transitional
impact of IFRS 9.
- The disclosed minimum capital requirement excludes the
confidential bank-specific individual capital requirement but
includes the add-on for domestic systemically-important banks (D-
SIB). The minimum requirement is 12.0% for both the group and the
bank. The D-SIB requirement for both group and bank was 1.5%. The
countercyclical buffer requirement at 30 September 2020 was 0%
for both group and bank.
ADDITIONAL DISCLOSURE
Regulation 43 of the Regulations relating to Banks and the BCBS
Pillar 3 framework require additional quarterly disclosures on
capital, risk weighted assets, leverage and liquidity. These
disclosures are available on the group's website:
https://www.firstrand.co.za/investors/basel-pillar-3-disclosure/
Sandton
24 November 2020
Sponsor and debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 24-11-2020 08:00:00
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