PUBLIC BANK BERHAD (6463-H) (Incorporated in Malaysia)

Transcription

1 A 2 9. Capital Adequacy a) T h e capital adequacy ratios of t h e G r o u p a n d t h e B a n k below a r e disclosed p u r s u a n t to t h e requirements of B a n k Negara Malaysia ("BNM")'s Risk Weighted Capital A d e q u a c y Framework (Basel II) - Disclosure Requirements (Pillar 3 ): Group B a n k Before deducting interim dividends * Common equity Tier I ("CET I") capital ratio % % % % Tier I capital ratio % % % % Total capital ratio % % % % After deducting interim dividends * CET I capital ratio % % % % Tier I capital ratio % % % % Total capital ratio % % % % * Refers to interim dividends declared subsequent to the financial period/year end. Group B a n k RM'000 RM'000 RM'000 RM'000 Components of CET I, Tier I and Tier II capital: CET I / Tier I capital: Paid-up share capital 3, 5 3 1, , 5 3 1, , 5 3 1, , 5 3 1, Share premium 1, 0 7 3, , 0 7 3, , 0 7 3, , 0 7 3, Other reserves 4, 3 9 5, , 4 0 2, , 9 2 1, , 9 2 4, Retained profits 1 0, 4 5 6, , 5 0 7, , 8 4 1, , 8 9 2, Treasury shares ( 2 1 5, ) ( 2 1 5, ) ( 2 1 5, ) ( 2 1 5, ) Qualifying non-controlling interests 5 1 8, , Less: Goodwill ( 1, 9 9 8, ) ( 2, 0 0 3, ) ( 6 9 5, ) ( 6 9 5, ) Less: Deferred tax assets, net ( 7 0, ) ( 7 0, ) - - Less: Defined benefit pension fund assets ( 2 1 2, ) ( 2 2 0, ) ( 2 0 7, ) ( 2 1 5, ) Less: Investment in banking / insurance subsidiary companies and associated companies deducted from CET 1 capital ( 2 8, ) - ( 8 5 2, ) - Total CET I capital 1 7, 4 5 0, , 5 2 7, , 3 9 6, , 2 9 6, Innovative Tier I capital securities 1, 4 4 9, , 6 3 0, , 4 4 9, , 6 3 0, Non-innovative Tier I stapled securities 1, 6 7 0, , 8 7 9, , 6 7 0, , 8 7 9, Qualifying CET I and additional Tier I capital instruments held by third parties 4 1, , Total Tier I capital 2 0, 6 1 1, , 0 7 8, , 5 1 6, , 8 0 5,

2 A 2 9. Capital Adequacy (continued) a) The capital adequacy ratios of the Group and the Bank (continued): Group B a n k RM'000 RM'000 RM'000 RM'000 Tier II capital Collective assessment allowance and regulatory reserves # 1, 1 5 2, , 1 2 3, , , Subordinated notes - meeting all relevant criteria 1, 9 4 9, , 9 4 9, , 9 4 9, , 9 4 9, subject to gradual phase-out treatment 3, 4 7 1, , 4 7 1, , 4 7 1, , 4 7 1, Qualifying CET I and additional Tier I and Tier II capital instruments held by third parties 5 5, , Less: Investment in banking / insurance subsidiary companies and associated companies deducted from Tier II capital ( 1 1 3, ) ( 1 4 2, ) ( 3, 4 1 1, ) ( 4, 2 6 4, ) Total Tier II capital 6, 5 1 4, , 4 5 7, , 6 6 3, , 7 8 0, Total capital 2 7, 1 2 5, , 5 3 6, , 1 7 9, , 5 8 6, # Excludes collective assessment allowance on impaired loans restricted f r o m Tier II c a p i t a l of t h e Group a n d t h e B a n k of R M 586,597,000 (2013 : R M 600,816, 000) and R M434, 986, 000 ( : R M 4 4 6, 9 4 8, 000 ) respectively. Includes t h e Group's qualifying r e g u l a t o r y reserves for non -impaired loans which pertain to Public B a n k (Hong Kong) Limited a n d Public Finance Limited amounting to R M131, 346, 000 ( : R M 1 3 2, 4 3 7, 000 ). T h e capital adequacy r a t i o s of t h e Group consist o f total capital a n d risk -weighted assets derived f r o m consolidated balances of t h e B a n k a n d its s u b s i d i a r y companies. T h e capital adequacy ratios o f t h e B a n k consist o f t o t a l capital a n d risk -weighted assets derived f r o m t h e B a n k a n d f r o m i t s w h o l l y-owned offshore banking subsidiary company, Public B a n k (L) Ltd. 5 1

3 A 2 9. Capital Adequacy (continued) a) The capital adequacy ratios of the Group and the Bank (continued): T h e total r i s k -weighted assets o f t h e Group a n d t h e B a n k are computed based on t h e following approaches: (i) Standardised Approach for Credit Risk; (ii) Standardised Approach for Market Risk; (iii) Basic Indicator Approach for Operational Risk. T h e capital adequacy ratios of t h e Group and t h e Bank are computed in accordance with BNM's Capital A d e q u a c y Framework (Capital Components a n d Basel II - Risk -weighted Assets) issued on 2 8 November , which is effective f r o m 1 J a n u a r y T h e minimum regulatory capital adequacy ratios, a s required under BNM's Capital A d e q u a c y Framework (Capital Components) which includes transitional arrangements for year , are set o u t as follows: C E T I Tier I Total Calendar Year Capital Ratio Capital Ratio Capital Ratio % % % onwards * * Before including capital conservation buffer of 2. 5 %, counter -cyclical buffer a n d a n y other buffers t o b e introduced b y B N M. 5 2

4 A 2 9. Capital Adequacy (continued) b ) The capital adequacy ratios of the banking subsidiary companies of the Group are as follows: Public Public Islamic Investment Public Public Bank Public Cambodian B a n k B a n k B a n k (Hong Kong) Finance Public Bank Berhad 1 Berhad 2 3 ( L ) L t d. Limited 4 Limited 4 Plc 5 31 March 2014 Before deducting interim dividends: * CET I capital ratio % % N/A % % N/A Tier I capital ratio % % % % % N/A Total capital ratio % % % % % % After deducting interim dividends: * CET I capital ratio % % N/A % % N/A Tier I capital ratio % % % % % N/A Total capital ratio % % % % % % 31 December 2013 Before deducting interim dividends: * CET I capital ratio % % N/A % % N/A Tier I capital ratio % % % % % N/A Total capital ratio % % % % % % After deducting interim dividends: * CET I capital ratio % % N/A % % N/A Tier I capital ratio % % % % % N/A Total capital ratio % % % % % % * Refers to interim dividends declared subsequent to the financial period/year end. 53

5 A29. Capital Adequacy (continued) b) The capital adequacy ratios of the banking subsidiary companies of the Group are as follows: The risk-weighted a s s e t s of P u b l i c Islamic Bank Berhad are computed based on the Standardised Approach for Credit and Market Risk and the Basic Indicator Approach for Operational Risk. The capital a d e q u a c y ratios are computed in accordance with BNM's Capital A d e q u a c y Framework for Islamic Banks (Capital Components and Risk-weighted Assets) issued on 28 November 2012, which is effective from 1 J a n u a r y The minimum r e g u l a t o r y capital a d e q u a c y requirement for CET I capital ratio, Tier I capital ratio and total capital ratio are 4.0%, 5.5% and 8.0% respectively for year The risk-weighted a s s e t s of Public Investment Bank Berhad are computed based on the Standardised Approach for Credit and Market Risk and the Basic Indicator Approach f o r Operational Risk. The capital a d e q u a c y ratios are computed in accordance with BNM's Capital A d e q u a c y Framework (Capital Components and Basel II - R i s k-weighted Assets) issued on 28 November 2012, which is effective on 1 J a n u a r y T h e minimum regulatory capital a d e q u a c y requirement for CET I capital ratio, Tier I capital ratio a n d total capital ratio are 4.0%, 5.5% and 8.0% respectively for year The capital a d e q u a c y ratios of P u b l i c Bank (L) Ltd. for capital compliance on a s t a n d a l o n e basis a r e computed in accordance with the Guidelines on Risk-weighted Capital Adequacy issued b y the Labuan Financial Services A u t h o r i t y (Labuan FSA), which is based on the Basel I capital accord. The minimum regulatory capital a d e q u a c y requirements are 4.0% and 8.0% for the Tier I capital ratio and total capital ratio respectively. 4 5 These two s u b s i d i a r y companies have adopted the Standardised Approach for Credit and Market Risk. P u b l i c B a n k ( H o n g Kong) Limited has adopted the Basic Indicator Approach f o r Operational Risk and P u b l i c Finance Limited h a s adopted the Standardised Approach f o r Operational Risk. W i t h effect from 1 J a n u a r y , the capital a d e q u a c y ratios of these t w o subsidiaries a r e computed in accordance with t h e provisions of the Banking (Amendment) Ordinance 2012 relating to Basel III capital standards and the a m e n d e d Banking Capital Rules. The amount presented here is t h e S o l v e n c y R a t i o of Cambodian P u b l i c Bank Plc, which is the nearest equivalent r e g u l a t o r y compliance ratio. This ratio is computed i n accordance with Prakas B , B , B and B issued b y t h e National Bank o f Cambodia. This ratio is derived as Cambodian P u b l i c Bank Plc's net worth divided b y its riskweighted assets and o f f-balance sheet items. The minimum regulatory s o l v e n c y ratio requirement is 15.0%. 54

6 A29. Capital Adequacy (continued) c) The breakdown of risk-weighted assets by each major risk category is as follows: Group B a n k RM'000 RM'000 RM'000 RM'000 Credit risk 187,914, ,113, ,345, ,360,722 Market risk 2,039,764 2,111,436 2,742,458 2,850,579 Operational risk 14,666,068 14,497,356 10,333,814 10,228, ,620, ,722, ,421, ,439,978 55