Last checked at 4 Feb 2015 07:00
Investec LimitedIncorporated in the Republic of South AfricaRegistration number 1925/002833/06JSE share code: INL NSX share code: IVD BSE share code: INVESTEC ISIN: ZAE000081949 | Investec plcIncorporated in England and WalesRegistration number 3633621LSE share code: INVP JSE share code: INPISIN: GB00B17BBQ50 |
(together "Investec")
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, Transparency and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.
Investec (comprising Investec plc and Investec Limited) - Basel III capital adequacy disclosure at 31 December 2014
4 February 2014
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% by March 2016 and a total capital adequacy ratio range of 14% to 17% on a consolidated basis for each of Investec plc and Investec Limited.
Investec plc* | IBP* | Investec Limited* | IBL* | |
As at 31 Dec 2014 | GBP 'mn | GBP 'mn | ZAR 'mn | ZAR 'mn |
Common equity tier 1 capital before deductions | 1,654 | 1,715 | 25,293 | 26,537 |
Deductions | (534) | (420) | (97) | 689 |
Common equity tier 1 capital | 1,120 | 1,295 | 25,196 | 27,226 |
Additional tier 1 capital | 234 | - | 4,297 | 1,227 |
Tier 1 capital | 1,354 | 1,295 | 29,493 | 28,453 |
Tier 2 capital | 609 | 598 | 9,776 | 10,637 |
Total regulatory capital | 1,963 | 1,893 | 39,269 | 39,090 |
Risk-weighted assets | 12,380 | 11,432 | 263,363 | 249,817 |
Capital ratios | ||||
Common equity tier 1 ratio | 9.0% | 11.3% | 9.6% | 10.9% |
Tier 1 ratio | 10.9% | 11.3% | 11.2% | 11.4% |
Total capital ratio | 15.9% | 16.5% | 14.9% | 15.6% |
* 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 common equity tier 1 as now required under the Capital Requirements Regulation and European Banking Authority technical standards.