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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Investec Plc | LSE:INVP | London | Ordinary Share | GB00B17BBQ50 | ORD GBP0.0002 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.00 | 0.55% | 547.00 | 546.50 | 548.00 | 549.00 | 542.50 | 542.50 | 501,783 | 16:35:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 1.3B | 292.79M | 0.3267 | 16.76 | 4.91B |
TIDMINVP
RNS Number : 1010H
Investec PLC
30 July 2021
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 LEI: 2138007Z3U5GWDN3MY22 LEI: 213800CU7SM6O4UWOZ70
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 Financial Conduct Authority and/or the JSE Listing Requirements.
Accordingly, we advise of the following:
Investec Limited - Basel III disclosures at 30 June 2021
Capital disclosures
Investec Limited calculates capital resources and requirements at a group level using the Basel III framework, as implemented in South Africa by the South African Prudential Authority, in accordance with the Bank's Act and all related regulations. Investec Limited continues to hold capital in excess of regulatory requirements and board-approved minimum targets .
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Including unappropriated
profits
Investec Limited* IBL*
As at 30 June 2021 R'mn R'mn
=================================== ================== =============
Common equity tier 1 capital 44,317 43,792
------------------ -------------
Additional tier 1 capital 2,727 1,936
Tier 1 capital 47,044 45,728
------------------ -------------
Tier 2 capital 10,405 13,326
Total regulatory capital 57,449 59,054
------------------ -------------
Risk-weighted assets per
risk type:
Credit risk 260,201 256,442
Counterparty credit risk 11,393 11,393
Credit valuation adjustment
risk 6,523 6,523
Equity risk 24,301 9,542
Market Risk 6,120 3,422
Operational risk 26,832 22,193
-------------
Total risk-weighted assets 335,370 309,515
------------------ -------------
Total minimum capital requirement 36,891 34,047
Capital ratios
Common equity tier 1 ratio 13.2% 14.1%
Tier 1 ratio 14.0% 14.8%
Total capital adequacy
ratio 17.1% 19.1%
Leverage ratio disclosures
Including unappropriated
profits
Investec Limited* IBL*
As at 30 June 2021 R'mn R'mn
==================== ================== =========
Tier 1 capital 47,044 45,728
Total exposure 618,715 584,373
Leverage ratio 7.6% 7.8%
Excluding unappropriated
profits
Investec Limited* IBL*
As at 30 June 2021 R'mn R'mn
=================================== ================== ========
Common equity tier 1 capital 41,456 42,399
------------------ --------
Additional tier 1 capital 2,733 1,937
Tier 1 capital 44,189 44,336
------------------ --------
Tier 2 capital 10,467 13,326
Total regulatory capital 54,656 57,662
------------------ --------
Risk-weighted assets per
risk type:
Credit risk 259,476 256,126
Counterparty credit risk 11,393 11,393
Credit valuation adjustment
risk 6,523 6,523
Equity risk 23,839 9,542
Market Risk 6,120 3,422
Operational risk 26,862 22,193
Total risk-weighted assets 334,183 309,199
------------------ --------
Total minimum capital requirement 36,760 34,012
Capital ratios
Common equity tier 1 ratio 12.4% 13.7%
Tier 1 ratio 13.2% 14.3%
Total capital adequacy
ratio 16.4% 18.6%
Leverage ratio disclosures
Excluding unappropriated
profits
Investec Limited* IBL*
As at 30 June 2021 R'mn R'mn
==================== ================== ========
Tier 1 capital 44,189 44,336
Total exposure 618,315 584,246
Leverage ratio 7.1% 7.6%
* Where: IBL is Investec Bank Limited consolidated. The information for Investec Limited includes the information for IBL.
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.
With effect from 1 April 2020, the minimum LCR requirement in South Africa was reduced from 100% to 80%, until such time as the South African Prudential Authority (PA) is of the view that the financial markets have normalised post COVID-19. This applies for 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 for the quarter ending 30 June 2021:
IBL (solo basis) - IBL consolidated group
Total weighted value - Total weighted value
High quality liquid assets
(HQLA) (R'mn) 97,587 99,249
---------------------- ------------------------
Net cash outflows (R'mn) 65,633 62,895
---------------------- ------------------------
Actual LCR 149.3% 158.5%
============================ ====================== ========================
Required LCR 80%^ 80%^
---------------------- ------------------------
^ - temporarily reduced from 100% by the PA.
The values in the table are calculated as the simple average of 91 calendar daily values over the period 1 April 2021 to 30 June 2021 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 and June 2021 month-end values.
Net stable funding ratio (NSFR)
The objective of the NSFR is to promote the resilience of 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, increase 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 2021:
IBL (solo basis) IBL consolidated group
Actual NSFR 114.7% 116.0%
----------------- -----------------------
Required NSFR 100% 100%
----------------- -----------------------
Further disclosures with respect to Investec Limited's and Investec Bank Limited's capital and liquidity will be provided on the Investec website in due course as required by the relevant regulations.
30 July 2021
Sponsor: Investec Bank Limited
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July 30, 2021 10:00 ET (14:00 GMT)
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