REG - Investec PLC - Quarterly Capital Disclosures 31 December 2023

InvestecAnnouncement

29/02/2024 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240229:nRSc9855Ea&default-theme=true

RNS Number : 9855E  Investec PLC  29 February 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 31 December 2023

 

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^  IBL
                               £'million       R'million          R'million
 Common Equity Tier 1 ratio**  11.5%           13.0%              16.0%
 Tier 1 ratio                  12.8%           14.4%              17.2%
 Total capital ratio           16.5%           17.0%              20.0%
 Risk weighted assets          19 034          291 569            272 577
 Leverage ratio                8.9%            6.1%               7.0%

 

^  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 October to 31 December 2023. 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'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 34bps and
43bps lower respectively and leverage ratio would be

    15bps and 17bps 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*  IBL (solo basis) **  IBL consolidated group **
 Actual LCR   394%           165.5%               176.1%
 Actual NSFR  143%           116.5%               116.1%

 

*   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 October 2023 to

    31 December 2023 for IBL (solo basis). IBL group values use daily
values for IBL (solo basis), while those for other group entities

    use the average of October, November and December 2023 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.

 

29 February 2024

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDPPUQGPUPCGGB