TIDMINVP
RNS Number : 4565M
Investec PLC
28 July 2017
Investec Limited Investec plc
Incorporated in the Republic Incorporated in England
of South Africa and Wales
Registration number 1925/002833/06 Registration number
JSE share code: INL 3633621
NSX share code: IVD LSE share code:
BSE share code: INVESTEC INVP
ISIN: ZAE000081949 JSE share code: INP
ISIN: GB00B17BBQ50
Investec (comprising Investec plc and Investec Limited) - Basel
III disclosures at 30 June 2017
28 July 2017
Capital disclosures
The disclosures below are made with respect to Basel III
quarterly disclosure requirements. The group 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% on a consolidated basis for each of Investec
plc and Investec Limited.
Investec Investec
plc*^ IBP*^ Limited* IBL*
GBP GBP
As at 30 June 2017 'mn 'mn R'mn R'mn
----------------------------- ------------- ------------- -------------- -----------
Common equity tier
1 capital 1,557 1,575 33,583 34,465
------------- ------------- -------------- -----------
Additional tier 1
capital 24 - 2,911 767
Tier 1 capital 1,581 1,575 36,494 35,232
------------- ------------- -------------- -----------
Tier 2 capital 468 531 12,402 15,407
Total regulatory capital 2,049 2,106 48,896 50,639
------------- ------------- -------------- -----------
Risk-weighted assets
per risk type:
Credit risk 9,959 9,725 249,934 246,032
Counterparty credit
risk 541 549 5,484 5,548
Credit valuation adjustment
risk 74 75 1,632 1,632
Equity risk 79 80 47,851 46,045
Market Risk 1,063 1,033 4,681 4,291
Operational risk 2,087 1,656 30,486 20,499
Total risk-weighted
assets 13,803 13,118 340,068 324,047
------------- ------------- -------------- -----------
Total minimum capital
requirement 1,104 1,049 36,557 34,835
Capital ratios
Common equity tier
1 ratio 11.3% 12.0% 9.9% 10.6%
Tier 1 ratio 11.5% 12.0% 10.7% 10.9%
Total capital ratio 14.8% 16.1% 14.4% 15.6%
Leverage ratio disclosures
Investec Investec
plc*^ IBP*^ Limited* IBL*
GBP GBP
As at 30 June 2017 'mn 'mn R'mn R'mn
-------------------- --------- ------- ------------- ---------
Tier 1 capital 1,581 1,575 36,494 35,232
Total exposure 20,242 20,053 471,559 445,879
Leverage ratio 7.8% 7.9% 7.7% 7.9%
* Where: IBP is Investec Bank plc consolidated and IBL is
Investec Bank Limited consolidated. The information for Investec
plc includes the information for IBP. The information for Investec
Limited includes the information for IBL.
^ The capital adequacy disclosures follow Investec's normal
basis of presentation so as to show a consistent basis of
calculation across the jurisdictions in which the group operates.
For Investec plc and IBP this does not include the deduction of
foreseeable dividends when calculating CET1 capital as required
under the Capital Requirements Regulation and EBA technical
standards and in line with Investec's normal basis of presentation
includes unaudited profits for the current quarter.
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
46bps lower and IBL's capital ratios would be 20 bps lower.
Liquidity coverage ratio disclosure
The objective of the liquidity coverage ratio (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.
Investec Bank Limited (solo basis) and Investec Bank Limited
Consolidated Group
The minimum LCR requirement in South Africa is 80% for 2017,
increasing by 10% each year to 100% on 1 January 2019.
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, as set out in
Directive 6/2014 and Directive 11/2014. This disclosure is in
accordance with Pillar 3 of the Basel III liquidity accord.
The following table sets out the LCR for Investec Bank Limited
(solo basis) and Investec Bank Consolidated Group as at 30 June
2017:
Investec Bank Investec Bank Limited
Limited Solo Consolidated Group
- Total weighted - Total weighted
R'mn value value
--------------------- ------------------ ----------------------
High quality liquid
assets (HQLA) 69,025 69,101
--------------------- ------------------ ----------------------
Net cash outflows 52,969 47,833
--------------------- ------------------ ----------------------
Actual LCR (%) 130.4% 127.4%
===================== ================== ======================
Required LCR (%) 80% 80%
--------------------- ------------------ ----------------------
The values in the table are calculated as the simple average of
daily observations over the period 1 April 2017 to 30 June 2017 for
Investec Bank Limited (IBL) bank solo. 61 business day observations
were used. Investec Bank Limited consolidated group values use
daily values for IBL bank solo, while those for other group
entities use the average of April, May, June 2017 month-end
values.
Investec plc, Investec Bank plc (solo basis)
On 1 October 2015 under European Commission Delegated Regulation
2015/61, the LCR became the PRA's primary regulatory reporting
standard for liquidity. The LCR is a Pillar 1 metric to which the
PRA apply Pillar 2 add-ons. The LCR is being introduced on a phased
basis, and the PRA has opted to impose higher liquidity coverage
requirements during the phased-in period than the minimum required
by CRD IV. From 1 January 2017, UK banks are required to maintain a
minimum of 90%, rising to 100% on 1 January 2018. The published LCR
excludes Pillar 2 add-ons.
For Investec plc and Investec Bank plc (solo basis), the LCR is
calculated using our own interpretations of the EU Delegated Act.
The reported LCR may change over time with regulatory
developments.
The LCR reported to the PRA at 30 June 2017 was 613% for
Investec plc and 525% for Investec Bank plc (solo basis).
Johannesburg and London
28 July 2017
Sponsor:
Investec Bank Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCRPMBTMBTTBMR
(END) Dow Jones Newswires
July 28, 2017 08:00 ET (12:00 GMT)
Investec (LSE:INVP)
Historical Stock Chart
From Apr 2024 to May 2024
Investec (LSE:INVP)
Historical Stock Chart
From May 2023 to May 2024