Prudential Reporting December 2011

Disclosure of Prudential Information for the quarter ended 31 December 2011

CAPITAL STRUCTURE AS AT 31 DECEMBER 2011

Capital ($)
Tier 1 capital
Retained earnings, including current year earnings 276,593,435
Deductions from Tier 1 capital (16,796,448)
Total Tier 1 capital 259,796,987
Tier 2 capital (net of deductions) 62,144,308
Total capital base 321,941,295

CAPITAL ADEQUACY AS AT 31 DECEMBER 2011

Risk Weighted Assets ($)
Credit risk - standardised approach
Corporate -
Government -
ADIs 214,288,455
Residential Mortgage 1,539,166,176
Other Retail 252,766,403
Other 69,215,818
Off Balance Sheet 38,534,586
Total capital requirement for credit risk 2,113,971,438
Capital requirement relating to securitisation exposures 20,119,660
Capital requirement for operational risk 344,506,421
Total risk weighted assets capital requirement 2,478,597,519
Tier 1 Capital Ratio 10.48%
Total Capital Ratio 12.99%

CREDIT RISK AS AT 31 DECEMBER 2011

Gross Credit Exposure
($)
Average Gross Credit
Exposure for Quarter
($)
Exposure Type
Cash and investment securities 1,357,089,093 1,364,555,400
Loans and advances 4,593,630,615 4,543,122,375
Other assets 175,231,227 181,176,103
Total on balance sheet exposures 6,125,950,935 6,088,853,878
Loans approved not yet advanced 80,618,880 77,297,305
Other off balance sheet 5,291,170 5,110,019
Total off balance sheet exposures 85,910,050 82,407,324
Total exposures 6,211,860,985 6,171,261,202
Exposure by Category
Corporate - -
Government 469,104,129 428,068,150
ADIs 887,984,964 936,487,250
Residential Mortgage 4,418,229,271 4,366,672,667
Other Retail 256,020,224 253,747,013
Other 180,522,397 186,286,122
6,211,860,985 6,171,261,202

CREDIT RISK FOR THE QUARTER ENDED 31 DECEMBER 2011

Impaired loans ($)Past due loans ($)Specific provision balance ($)Charges for specific provision for quarter ($)Write-offs for quarter ($)
Exposure by category
Corporate - - - - -
Government - - - - -
ADIs - - - - -
Residential Mortgage 2,543,523 8,017,801 457,162 49,415 80
Other Retail 3,326,135 2,226,975 1,412,255 118,681 358,288
Other - - - - -
Total 5,869,658 10,244,776 1,869,417 168,096 358,368
General Reserve for Credit Losses 2,565,806

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.