REG - Investec PLC - Quarterly Capital Disclosure - 30 June 2024

InvestecAnnouncement

30/08/2024 13:00

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RNS Number : 3630C  Investec PLC  30 August 2024

  Investec Limited                              Investec plc
 Incorporated in the Republic of South Africa   Incorporated in England and Wales

Registration number 1925/002833/06
Registration number 3633621

JSE share code: INL
LSE share code: INVP

 JSE Hybrid code: INPR                          JSE share code: INP

ISIN: GB00B17BBQ50
 JSE debt code: INLV

                                              LEI: 2138007Z3U5GWDN3MY22
 NSX share code: IVD

 BSE share code: INVESTEC

 ISIN: ZAE000081949

 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 United Kingdom Listing Authority (the
"UKLA") and/or the JSE Listing Requirements.

 

Accordingly, we advise of the following:

 
Pillar III quarterly disclosures at 30 June 2024

 

Capital adequacy and leverage disclosures

Investec plc and Investec Limited calculate capital resources and requirements
using the Basel III framework, as implemented in their respective jurisdiction
by the Prudential Regulation Authority and South African Prudential Authority.

 

The following table sets out the capital and leverage metrics for the Investec
plc group, Investec Limited group and Investec Bank Limited group (IBL):

 
                                Investec plc^*  Investec Limited^**  Investec Bank Limited Group**
                                £'million       R'million            R'million
 Common Equity Tier 1 ratio***  11.9%           14.9%                17.8%
 Tier 1 ratio                   14.4%           16.3%                19.0%
 Total capital ratio            18.1%           18.9%                21.8%
 Risk weighted assets           18 911          281 910              263 122
 Leverage ratio                 9.6%            6.6%                 7.5%

 

^ The information for Investec plc includes the information for Investec Bank
plc. The information for Investec Limited includes the information for IBL.

*  Investec plc's capital and leverage ratios exclude quarterly profits and
associated foreseeable charges and dividends for the period 1 April to 30 June
2024. In accordance with the Prudential Regulation Authority rules, quarterly
profits may only be included in a firm's capital position once the profits
have been independently verified by an external audit firm.

** Investec Limited and IBL are predominately on the advanced approach for
credit and market risk.

*** Investec Limited's and IBL's capital information includes unappropriated
profits. If unappropriated profits are excluded from capital information,
Investec Limited's and IBL's CET1 ratio would be 190bps and 198bps lower
respectively. The leverage would be 80bps and 79bps lower respectively.

 

Liquidity Disclosures
 
Liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)

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. The NSFR promotes 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 following table sets out the LCR and NSFR for the Investec plc group, IBL
(solo basis) and IBL group:

 

              Investec plc*  Investec Bank Limited (solo basis) **  Investec Bank Limited Group **
 Actual LCR   428%           157.8%                                 175.3%
 Actual NSFR  144%           125.0%                                 125.7%

 

*  For Investec plc the LCR ratio disclosed is the trailing12-month average
ratio and the NSFR ratio is the trailing 4-quarter average

    ratio.

** The values in the table are calculated as the simple average of 91 calendar
daily values over the period 1 April 2024 to               30
June 2024 for IBL (solo basis). IBL group values use daily values for IBL
(solo basis), while those for other group entities use the average of April,
May and June 2024 month-end values.

 

 

The detailed capital and liquidity disclosures for the above entities are
available on the Investec website in the quarterly Pillar 3 disclosure
reports, as required by the relevant regulations.

 

30 August 2024

Sponsor: Investec Bank Limited

 

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