TIDMINVP
RNS Number : 3522W
Investec PLC
31 July 2018
Investec Limited Investec plc
Incorporated in the Republic of South Incorporated in England
Africa and Wales
Registration number 1925/002833/06 Registration number 3633621
JSE share code: INL LSE share code: INVP
NSX share code: IVD JSE share code: INP
BSE share code: INVESTEC ISIN: GB00B17BBQ50
ISIN: ZAE000081949
As part of the dual listed company structure, Investec plc and
Investec Limited notify both the London Stock Exchange and the JSE
Limited of matters which are required to be disclosed under the
Disclosure Guidance, Transparency Rules (DTR) and Listing Rules of
the United Kingdom Listing Authority (the "UKLA") and/or the JSE
Listing Requirements.
Accordingly, we advise of the following:
Investec Limited - Basel III disclosures at 30 June 2018
Capital disclosures
The disclosures below are made with respect to Basel III
quarterly disclosure requirements. Investec Limited holds capital
in excess of regulatory requirements targeting a minimum common
equity tier one capital ratio above 10% and a total capital
adequacy ratio range of 14% to 17%.
Investec Limited* IBL*
As at 30 June 2018 R'mn R'mn
----------------------------------- ------------------ -----------
Common equity tier 1 capital 34,959 34,452
------------------ -----------
Additional tier 1 capital 2,797 963
Tier 1 capital 37,756 35,415
------------------ -----------
Tier 2 capital 12,892 14,231
Total regulatory capital 50,648 49,646
------------------ -----------
Risk-weighted assets per
risk type:
Credit risk 274,079 269,738
Counterparty credit risk 5,486 5,535
Credit valuation adjustment
risk 1,859 1,883
Equity risk 26,293 23,422
Market Risk 3,549 2,694
Operational risk 31,578 21,779
Total risk-weighted assets 342,844 325,051
------------------ -----------
Total minimum capital requirement 38,141 36,162
Capital ratios
Common equity tier 1 ratio 10.2% 10.6%
Tier 1 ratio 11.0% 10.9%
Total capital adequacy
ratio 14.8% 15.3%
Leverage ratio disclosures
Investec Limited* IBL*
As at 30 June 2018 R'mn R'mn
-------------------- ------------------ ---------
Tier 1 capital 37,756 35,415
Total exposure 498,957 472,789
Leverage ratio 7.6% 7.5%
* Where: IBL is Investec Bank Limited consolidated. The
information for Investec Limited includes the information for
IBL.
Investec Limited's and IBL's capital information includes
unappropriated profits. If unappropriated profits are excluded from
capital information, all Investec Limited's capital ratios would be
65bps lower and IBL's capital ratios would be 47bps lower.
Liquidity disclosures
Liquidity coverage ratio (LCR)
The objective of the LCR is to promote the short-term resilience
of the liquidity risk profile of banks by ensuring that they have
sufficient high quality liquid assets to survive a significant
stress scenario lasting 30 calendar days.
The minimum LCR requirement in South Africa is 90% for 2018,
increasing by 10% each year to 100% on 1 January 2019. This applies
to both Investec Bank Limited (IBL) (solo basis) and Investec Bank
Limited (IBL) consolidated group.
In accordance with the provisions of section 6(6) of the South
African Banks Act 1990 (Act No. 94 of 1990), banks are directed to
comply with the relevant LCR disclosure requirements. This
disclosure is in accordance with Pillar 3 of the Basel III
liquidity accord, as specified by BCBS d400 (2017) and Directive
D1/2018.
The following table sets out the LCR for IBL (solo basis) and
IBL consolidated group as at 30 June 2018:
IBL (solo basis) - IBL consolidated group
Total weighted value - Total weighted value
High quality liquid assets
(HQLA) (R'mn) 83,858 84,969
---------------------- ------------------------
Net cash outflows (R'mn) 61,676 62,573
---------------------- ------------------------
Actual LCR 136.2% 136.1%
============================ ====================== ========================
Required LCR 90% 90%
---------------------- ------------------------
The values in the table are calculated as the simple average of
91 calendar daily values over the period 1 April 2018 to 30 June
2018 for IBL (solo basis). IBL consolidated group values use daily
values for IBL (solo basis), while those for other group entities
use the average of April, May, June 2018 month-end values.
Net stable funding ratio (NSFR)
The objective of the NSFR is to promote the resilience in the
banking sector by requiring banks to maintain a stable funding
profile in relation to the composition of their assets and
off-balance sheet activities on an ongoing structural basis. By
ensuring that banks do not embark on excessive maturity
transformation that is not sustainable, the NSFR is intended to
reduce the likelihood that disruptions to a bank's funding sources
would erode its liquidity position, increasing its risk of failure
and potentially lead to broader systemic risk.
The minimum NSFR requirement in South Africa is 100%. This
applies to both IBL (solo basis) and IBL consolidated group.
In accordance with the provisions of section 6(6) of the South
African Banks Act 1990 (Act No. 94 of 1990), banks are directed to
comply with the relevant NSFR disclosure requirements. This
disclosure is in accordance with Pillar 3 of the Basel III
liquidity accord, as specified by Directive 11/2015 and Directive
01/2018.
The following table sets out the NSFR for IBL (solo basis) and
IBL consolidated group as at 30 June 2018:
IBL (solo basis) IBL consolidated group
Actual NSFR 107.9% 108.6%
----------------- -----------------------
Required NSFR 100% 100%
----------------- -----------------------
Further disclosures with respect to Investec Limited's and
Investec Bank Limited's capital and liquidity is provided on the
Investec website as required by the relevant regulations.
Johannesburg
31 July 2018
Sponsor: Investec Bank Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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