NEDBANK CAPITAl - Nedbank Group Limited

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These decreases were offset by an increase in operational-risk-weighted assets of R8 billion due to the inclusion of the ‘most recentyear of gross income’ data in the calculation under the Standardised Approach (TSA).Summary of risk-weighted assets (by risk type) and capital adequacy positionNedbank Group Nedbank Limited***Risk type2009Rm2008Rm2009Rm2008RmCredit risk 246 099 285 457 184 472 221 969Credit portfolios subject to Advanced Internal Ratings-basedApproach (ie Nedbank Limited) 192 842 238 480 180 968 218 142Corporate, sovereign, bank (including small and mediumenterprises) 105 669 131 955 95 274 114 050Residential mortgage 51 023 70 401 49 543 67 968Qualifying revolving retail 7 385 6 554 7 386 6 554Other retail 28 765 29 570 28 765 29 570Credit portfolios subject to Standardised Approach 49 344 42 829Corporate, sovereign, bank 19 534 16 849Retail exposures 29 810 25 980Counterparty credit risk 3 057 3 169 2 908 3 109Securitisation exposures (Internal Ratings-based Approach) 856 979 596 718Equity risk (market-based Simple Risk Weight Approach) 13 396 13 035 10 781 10 190– Listed (300% risk weighting) 1 447 1 574 1 447 1 471– Unlisted (400% risk weighting) 11 949 11 461 9 334 8 719Market risk (Standardised Approach) 5 718 7 049 4 455 5 445Operational risk (Standardised Approach) 47 222 36 497 39 025 30 559Other assets (100% risk weighting) 14 031 13 197 10 429 10 170Total risk-weighted assets 326 466 355 235 249 162 278 333Total minimum regulatory capital requirements* 35 097 34 635 27 560 27 137Qualifying capital and reserves** 48 584 44 119 38 939 36 577Total surplus capital over minimum requirements 13 487 9 484 11 379 9 440Analysis of total surplus capital**Core Tier 1 capital 15 296 10 285 10 816 7 695Tier 1 capital 14 820 9 100 11 691 7 699Total capital 13 487 9 484 11 379 9 440GROUP REPORTSOPERATIONAL REVIEWS* Includes Basel II capital floor since February 2009.** Includes unappropriated profits.*** Nedbank Limited refers to the SA reporting entity in terms of Regulation 38 (BA700) of the SA banking regulations.GOVERNANCEOVERVIEW177NEDBANK GROUP ANNUAL REPORT 2009
isk and BALANCE SHEET management reportSummary of qualifying capital and reservesExcluding unappropriated profitsNedbank Group Nedbank LimitedRm2009 2008 2009 2008Tier 1 capital (primary) 36 627 33 458 28 600 27 031Core Tier 1 capital 31 389 28 427 23 365 22 156Ordinary share capital 436 410 27 27Ordinary share premium 13 728 11 370 14 434 14 434Reserves 25 485 23 133 15 610 14 298Minority interest: ordinary shareholders 1 849 1 881Deductions (10 109) (8 367) (6 706) (6 602)Impairments (8) (6) (3 430) (3 608)Goodwill (4 981) (3 894) (1 126) (1 126)Excess of expected loss over eligible provisions (50%) (780) (588) (861) (588)Unappropriated profits (1 312) (658) (798) (300)Foreign currency translation reserves (223) (545) (9) (9)Share-based payment reserves (875) (949) 206 (281)Property revaluation reserves (1002) (951) (666) (668)Surplus capital held in insurance entities (50%) (489) (387)Other regulatory differences (439) (389) (22) (22)Non-core Tier 1 capital 5 238 5 031 5 235 4 874Preference share capital and premium 3 486 3 279 3 483 3 122Hybrid debt capital instruments 1 752 1 752 1 752 1 752Tier 2 capital (secondary) 10 911 10 153 9 807 9 395Long-term debt instruments 11 500 10 464 10 848 9 812Revaluation reserves (50%) 501 476 333 334Deductions (1 090) (787) (1 374) (751)Surplus capital held in insurance and financial entities (50%) (489) (387)Excess of expected loss over eligible provisions (50%) (780) (588) (861) (588)General allowance for credit impairment 212 212Other regulatory differences (33) (24) (513) (163)Tier 3 capital (tertiary) – – – –Total 47 538 43 611 38 407 36 426Including unappropriated profitsNedbank Group Nedbank LimitedRm2009 2008 2009 2008Core Tier 1 capital 32 435 28 935 23 897 22 307Tier 1 capital 37 673 33 966 29 132 27 182Total capital 48 584 44 119 38 939 36 577178NEDBANK GROUP ANNUAL REPORT 2009
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OPERATIONAL REVIEWNEDBANK corporate
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OPERATIONAL REVIEWimperial bankRen
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chief operatingofficer’s report
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CHIEF operating OFFICER’S REPORT
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CHIEF FINANCIAL OFFICER’S REPORT
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OVERVIEWGROUP ECONOMIC CAPITALGroup
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GOVERNANCEOPERATIONAL REVIEWSGROUP
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Major shareholders/managersNumberof
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OVERVIEWOverviewGroup Technology is
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GROUP REPORTSOVERVIEWOverviewHistor
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Group Marketing,Communications andC
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Strategic Planning prospectsfor 201
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group human resources andemployment
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group human resources andemployment
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employment equity report ... contin
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Skills development reportNedbank Gr
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OPERATIONAL REVIEWbalance sheetmana
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NEDBANK CAPITAl - Nedbank Group Limited

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