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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.20% | 509.00 | 510.00 | 510.50 | 510.50 | 504.00 | 510.00 | 921,777 | 16:35:04 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 1.3B | 292.79M | 0.3267 | 15.61 | 4.57B |
TIDMINVP
RNS Number : 6747U
Investec PLC
31 July 2020
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 2020
Capital disclosures
The disclosures below are made with respect to Basel III quarterly disclosure requirements . Investec Limited holds capital in excess of regulatory requirements . Effective 1 April 2019, Investec Limited and Investec Bank Limited adopted the Foundation Internal Ratings Based (FIRB) approach for calculating regulatory capital. As such the below capital disclosures have been prepared on this basis.
Hot Features
Premium
Including unappropriated
profits
Investec Limited* IBL*
As at 30 June 2020 R'mn R'mn
=================================== ================== ===========
Common equity tier 1 capital 40,007 41,257
------------------ -----------
Additional tier 1 capital 1,870 652
Tier 1 capital 41,877 41,909
------------------ -----------
Tier 2 capital 10,825 12,682
Total regulatory capital 52,702 54,591
------------------ -----------
Risk-weighted assets per
risk type:
Credit risk 261,108 261,741
Counterparty credit risk 8,745 8,699
Credit valuation adjustment
risk 2,827 2,821
Equity risk 29,864 14,519
Market Risk 6,530 6,150
Operational risk 27,777 22,162
-----------
Total risk-weighted assets 336,851 316,092
------------------ -----------
Total minimum capital requirement 35,369 33,190
Capital ratios
Common equity tier 1 ratio 11.9% 13.1%
Tier 1 ratio 12.4% 13.3%
Total capital adequacy
ratio 15.6% 17.3%
Leverage ratio disclosures
Including unappropriated
profits
Investec Limited* IBL*
As at 30 June 2020 R'mn R'mn
==================== ================== =========
Tier 1 capital 41,877 41,909
Total exposure 590,570 562,460
Leverage ratio 7.1% 7.5%
Excluding unappropriated
profits
Investec Limited* IBL*
As at 30 June 2020 R'mn R'mn
=================================== ================== ========
Common equity tier 1 capital 38,016 39,889
------------------ --------
Additional tier 1 capital 1,882 612
Tier 1 capital 39,898 40,501
------------------ --------
Tier 2 capital 10,960 12,597
Total regulatory capital 50,858 53,098
------------------ --------
Risk-weighted assets per
risk type:
Credit risk 260,244 261,327
Counterparty credit risk 8,745 8,699
Credit valuation adjustment
risk 2,827 2,821
Equity risk 29,598 14,519
Market Risk 6,530 6,150
Operational risk 27,777 22,162
Total risk-weighted assets 335,721 315,678
------------------ --------
Total minimum capital requirement 35,251 33,146
Capital ratios
Common equity tier 1 ratio 11.3% 12.6%
Tier 1 ratio 11.9% 12.8%
Total capital adequacy
ratio 15.1% 16.8%
Leverage ratio disclosures
Excluding unappropriated
profits
Investec Limited* IBL*
As at 30 June 2020 R'mn R'mn
==================== ================== ========
Tier 1 capital 39,898 40,501
Total exposure 590,163 562,296
Leverage ratio 6.8% 7.2%
* 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 2020:
IBL (solo basis) - IBL consolidated group
Total weighted value - Total weighted value
High quality liquid assets
(HQLA) (R'mn) 82,946 84,633
---------------------- ------------------------
Net cash outflows (R'mn) 62,198 59,928
---------------------- ------------------------
Actual LCR 134.4% 142.6%
============================ ====================== ========================
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 2020 to 30 June 2020 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 2020 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 2020:
IBL (solo basis) IBL consolidated group
Actual NSFR 117.4% 118.5%
----------------- -----------------------
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.
31 July 2020
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.
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(END) Dow Jones Newswires
July 31, 2020 04:00 ET (08:00 GMT)
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