Standard Chartered Bank Zambia : Q1 2024 Capital position

INTERNAL

QUARTERLY FINANCIAL STATEMENTS

Published in accordance with the section 92(1) of the Banking and Financial Services Act, 2017

Take note that the financial statements on a month-on-month basis are available on request at every branch of our bank

STATEMENT OF CAPITAL POSITION as at	31-Mar-24
		ZMW'000
I PRIMARY (TIER 1) CAPITAL
	(a) Paid-up common shares	416,745
	(b) Eligible preferred shares	-
	(c) Contributed surplus	62,312
	(d) Retained earnings	994,599
	(e) General reserves	-
	(f) Statutory reserves	12,285
	(g) Minority interests (common shareholders' equity)	-
	(h) Sub-total	1,485,941
	LESS:
	(i) Goodwill and other intangible assets	59,636
	(j) Investments in unconsolidated subsidiaries and associates	-
	(k) Lending of a capital nature to subsidiaries and associates	-
	(l) Holding of other banks' or financial institutions' capital instruments	-
	(m) Assets pledged to secure liabilities	-
	(n) Net unrealized gains (losses) on available-for-sale securities	72,753
	Sub-total (A) (items i to m)	132,389
	OTHER ADJUSTMENTS:
	Provisions	-
	Assets of little or no realizable value	-
	Other adjustments (Prepayments)	-
	(n) Sub-total (B) - (Sub-total A above + Other adjustments)	132,389
	(o) Total primary capital (h - n)	1,353,552
II SECONDARY (TIER 2) CAPITAL
	(a) Eligible preferred shares (Regulations 13 and 17)	-
	(b) Eligible subordinated term debt (Regulation 17 (b))	19,840
	(c) Eligible loan stock / capital (Regulation 17(b))	-
	(d) Revaluation reserves (Regulation 17 (a)). Maximum is 40% of revaluation res.	-
	(e) Other (Regulation (17 (c)). Specify	-
	(f) Total secondary capital	19,840
III	ELIGIBLE SECONDARY CAPITAL
	(the maximum amount of secondary capital is limited to 100% of primary capital)	19,840
IV	ELIGIBLE TOTAL CAPITAL (I(o) + III) (Regulatory capital)	1,373,392
V MINIMUM TOTAL CAPITAL REQUIREMENT:
	(Higher of K520m or 10% of total on and off balance sheet risk-weighted
	assets as established in the First schedule)	597,258
VI	EXCESS (DEFICIENCY) (IV minus V)	776,134
	RISK-WEIGHTED ASSETS	5,972,580