|
|
|
The group’s capital adequacy ratio and
risk weighted assets are based on the aggregation of the
banks within the group. The requirement of capital adequacy
is not
a group concept but is a requirement of each bank. The table
below is indicative of the group as a whole, as if it were
a bank.
 |
|
|
|
|
|
|
|
| |
|
|
|
|
Risk weighted
assets
|
| |
|
|
Percentage
|
|
2004
|
|
2003
|
| |
|
|
weighting
|
|
Rm
|
|
Rm
|
| Money, interbank deposits and claims on
central government |
|
|
|
|
|
|
|
| Landbank and other public sector bodies |
|
|
10
|
|
101
|
|
79
|
| Trade transactions with recourse to other
banks |
|
|
20
|
|
4
580
|
|
5 463
|
| Residential mortgage loans |
|
|
50
|
|
25
050
|
|
21 019
|
| All other banking assets excluding intragroup |
|
|
100
|
|
136
448
|
|
135 334
|
| Notional trading assets based on trading
exposures |
|
|
100
|
|
11
947
|
|
11 077
|
| All other non-banking assets |
|
|
100
|
|
20
973
|
|
23 971
|
| Total on-balance-sheet items |
|
|
|
|
199
099
|
|
196 943
|
| Counterparty risk |
|
|
0 – 100
|
|
4
946
|
|
4 960
|
| Off-balance-sheet items |
|
|
0 – 100
|
|
7
957
|
|
10 680
|
| Large exposure requirements |
|
|
1 000
|
|
457
|
|
267
|
| Total risk weighted assets |
|
|
|
|
212
459
|
|
212 850
|
| |
|
|
|
|
|
|
|
| |
2004
Capital |
|
2003
Capital |
Nedcor Group |
Rm
|
|
%
|
|
Rm
|
|
%
|
| Tier 1 capital (primary) |
17
274
|
|
8,1
|
|
10 593
|
|
5,0
|
| Share capital and reserves |
18
095
|
|
8,5
|
|
11 647
|
|
5,5
|
| Minority interest – ordinary shareholders |
721
|
|
0,3
|
|
652
|
|
0,3
|
| – preference shareholders |
2
770
|
|
1,3
|
|
2 802
|
|
1,3
|
| Impairments |
(20)
|
|
|
|
(39)
|
|
|
| Goodwill |
(3
441)
|
|
(1,6)
|
|
(3 762)
|
|
(1,8)
|
| Other |
(851)
|
|
(0,4)
|
|
(707)
|
|
(0,3)
|
| Tier 2 capital (secondary) |
8
095
|
|
3,9
|
|
10 516
|
|
4,9
|
| Long-term debt instruments |
7
308
|
|
3,5
|
|
10 086
|
|
4,7
|
| Items not qualifying as Tier 2 capital |
(83)
|
|
|
|
(178)
|
|
(0,1)
|
| Provision for performing loans |
880
|
|
0,4
|
|
648
|
|
0,3
|
| Impairments |
(10)
|
|
|
|
(40)
|
|
|
| Tier 3 capital (tertiary) |
294
|
|
0,1
|
|
480
|
|
0,2
|
| |
25
663
|
|
12,1
|
|
21 589
|
|
10,1
|
| |
|
|
|
|
|
|
|
| |
2004 |
|
2003 |
| |
Weighted
|
|
|
|
Weighted
|
|
|
| Capital adequacy analysis by bank |
assets
|
|
Capital
|
|
assets
|
|
Capital
|
| (solo
supervision) |
Rm
|
|
%
|
|
Rm
|
|
%
|
| Nedbank Limited |
184
872
|
|
12,5
|
|
186 298
|
|
11,2
|
| Imperial Bank Limited |
15
467
|
|
10,2
|
|
11 978
|
|
12,0
|
| Peoples Bank |
5
439
|
|
25,5
|
|
5 877
|
|
24,0
|
| Nedbank (Lesotho) Limited |
211
|
|
38,5
|
|
170
|
|
46,7
|
| Nedbank (Swaziland) Limited |
395
|
|
15,2
|
|
386
|
|
16,6
|
| Nedbank (Malawi) Limited |
129
|
|
13,4
|
|
50
|
|
36,1
|
| Nedbank (Namibia) Limited |
1
863
|
|
10,4
|
|
1 765
|
|
15,8
|
| SBM Nedbank International Limited |
228
|
|
28,3
|
|
172
|
|
42,7
|
| Fairbairn Private Bank (Jersey) Limited |
1
105
|
|
12,9
|
|
978
|
|
15,8
|
| Fairbairn Private Bank (IOM) Limited |
1
703
|
|
13,5
|
|
1 684
|
|
14,7 |
|
