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Pillar III quarterly disclosures at 30 June 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
JSE debt code: INLV ISIN: GB00B17BBQ50
NSX share code: IVD LEI: 2138007Z3U5GWDN3MY22
BSE share code: INVESTEC
ISIN: ZAE000081949
LEI: 213800CU7SM6O4UWOZ70
Pillar III quarterly disclosures at 30 June 2024
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:
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 Investec
Limited^** 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 Investec Bank
Limited (solo basis) 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
Date: 30-08-2024 02:00:00
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