SOHAR INTERNATIONAL BANK SAOG Basel III common disclosure template to be used during the transition of regulatory adjustments
(Please fill in only the cells highlighted in green with numbers and those in yellow with comments, if any)
AMOUNTS SUBJECT TO PRE-BASEL III
RO '000 | TREATMENT |
313,393 | |
(2,998) | |
63,377 | |
- | |
- | |
- | - |
373,772 | |
2,311 | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | - |
- | |
2,311 | |
- | - |
- | - |
- | - |
- | - |
- | |
- | |
- | |
- | |
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover | - |
deductions | |
43 Total regulatory adjustments to Additional Tier 1 capital | - |
National specific regulatory adjustments
Common Equity Tier 1 capital: instruments and reserves |
1 Directly issued qualifying common share capital (and equivalent for non-joint stock |
companies) plus related stock surplus |
2 Retained earnings |
3 Accumulated other comprehensive income (and other reserves) |
4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock |
companies) |
Public sector capital injections grandfathered until 1 January 2018 |
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in |
group CET1) |
6 Common Equity Tier 1 capital before regulatory adjustments |
Common Equity Tier 1 capital: regulatory adjustments |
7 Prudential valuation adjustments |
8 Goodwill (net of related tax liability) |
9 Other intangibles other than mortgage-servicing rights (net of related tax liability) |
10 Deferred tax assets that rely on future profitability excluding those arising from temporary |
differences (net of related tax liability) |
11 Cash-flow hedge reserve |
12 Shortfall of provisions to expected losses |
13 Securitisation gain on sale (as set out in paragraph 14.9 of CP-1) |
14 Gains and losses due to changes in own credit risk on fair valued liabilities. |
15 Defined-benefit pension fund net assets |
16 Investments in own shares (if not already netted off paid-in capital on reported balance sheet) |
17 Reciprocal cross-holdings in common equity |
18 Investments in the capital of banking, financial, insurance and takaful entities that are outside |
the scope of regulatory consolidation, net of eligible short positions, where the bank does not |
own more than 10% of the issued share capital (amount above 10% threshold) |
19 Significant investments in the common stock of banking, financial, insurance and takaful |
entities that are outside the scope of regulatory consolidation, net of eligible short positions |
(amount above 10% threshold) |
20 Mortgage Servicing rights (amount above 10% threshold) |
21 Deferred tax assets arising from temporary differences (amount above 10% threshold, net of |
related tax liability) |
22 Amount exceeding the 15% threshold |
23 of which: significant investments in the common stock of financials |
24 of which: mortgage servicing rights |
25 of which: deferred tax assets arising from temporary differences |
26
REGULATORY ADJUSTMENTS APPLIED TO COMMON EQUITY TIER 1 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1
29 | Common Equity Tier 1 capital (CET1) | 371,461 |
Additional Tier 1 capital: instruments | ||
30 | Directly issued qualifying Additional Tier 1 instruments plus related stock surplus | 200,000 |
31 | of which: classified as equity under applicable accounting standards 5 | 200,000 |
32 | of which: classified as liabilities under applicable accounting standards 6 | - |
33 | Directly issued capital instruments subject to phase out from Additional Tier 1 | - |
34 | Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held by third parties (amount allowed in group AT1) | - |
35 | of which: instruments issued by subsidiaries subject to phase out | - |
36 | Additional Tier 1 capital before regulatory adjustments | 200,000 |
Additional Tier 1 capital: regulatory adjustments
37 Investments in own Additional Tier 1 instruments
38 Reciprocal cross-holdings in Additional Tier 1 instruments
39 Investments in the capital of banking, financial, insurance and takaful entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)
40 Significant investments in the capital of banking, financial, insurance and takaful entities that are outside the scope of regulatory consolidation (net of eligible short positions)
41
National specific regulatory adjustments
REGULATORY ADJUSTMENTS APPLIED TO ADDITIONAL TIER 1 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
44 | Additional Tier 1 capital (AT1) | 200,000 |
45 | Tier 1 capital (T1 = CET1 + AT1) | 571,461 |
Tier 2 capital: instruments and provisions | ||
46 | Directly issued qualifying Tier 2 instruments plus related stock surplus | |
47 | Directly issued capital instruments subject to phase out from Tier 2 | 7,000 |
48 | Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2) | 10 |
49 | of which: instruments issued by subsidiaries subject to phase out |
Basel III common disclosure template to be used during the transition of regulatory adjustments
(Please fill in only the cells highlighted in green with numbers and those in yellow with comments, if any)
RO '000
50 | Provisions | 10,971 |
51 | Tier 2 capital before regulatory adjustments | 17,981 |
Tier 2 capital: regulatory adjustments
52 Investments in own Tier 2 instruments
53 Reciprocal cross-holdings in Tier 2 instruments
54 Investments in the capital of banking, financial, insurance and takaful entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above the 10% threshold)
55 Significant investments in the capital banking, financial, insurance and takaful entities that are
56
outside the scope of regulatory consolidation (net of eligible short positions) National specific regulatory adjustments
REGULATORY ADJUSTMENTS APPLIED TO TIER 2 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
Of which: [INSERT NAME OF ADJUSTMENT]
AMOUNTS SUBJECT TO PRE-BASEL III
TREATMENT
Risk Weighted Assets | |
RISK WEIGHTED ASSETS IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT | - |
Of which: [INSERT NAME OF ADJUSTMENT] | |
Of which: [INSERT NAME OF ADJUSTMENT] | |
Of which: [INSERT NAME OF ADJUSTMENT] |
60 | Total risk weighted assets (60a+60b+60c) | 3,256,414 |
60a | Of which: Credit risk weighted assets | 2,877,475 |
60b | Of which: Market risk weighted assets | 179,215 |
60c | Of which: Operational risk weighted assets | 199,723 |
Capital Ratios | ||
61 | Common Equity Tier 1 (as a percentage of risk weighted assets) | 11.41 |
62 | Tier 1 (as a percentage of risk weighted assets) | 17.55 |
63 | Total capital (as a percentage of risk weighted assets) | 18.10 |
64 | Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus countercyclical buffer requirements plus G-SIB/D-SIB buffer requirement expressed as a percentage of risk weighted assets) | 8.25% |
65 | of which: capital conservation buffer requirement | 1.25% |
66 | of which: bank specific countercyclical buffer requirement | |
67 | of which: D-SIB/G-SIB buffer requirement | |
68 | Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted assets | 3.13 |
National minima (if different from Basel III) | ||
69 | National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) | 8.250 |
70 | National Tier 1 minimum ratio (if different from Basel 3 minimum) | 10.250 |
71 | National total capital minimum ratio (if different from Basel 3 minimum) | 12.250 |
Amounts below the thresholds for deduction (before risk weighting) | ||
72 | Non-significant investments in the capital of other financials | - |
73 | Significant investments in the common stock of financials | - |
74 | Mortgage servicing rights (net of related tax liability) | - |
75 | Deferred tax assets arising from temporary differences (net of related tax liability) | - |
Applicable caps on the inclusion of provisions in Tier 2 | ||
76 | Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to application of cap) | 10,971 |
77 | Cap on inclusion of provisions in Tier 2 under standardised approach | 35,968 |
78 | Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap) | - |
79 | Cap for inclusion of provisions in Tier 2 under internal ratings-based approach | - |
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022) | ||
80 | Current cap on CET1 instruments subject to phase out arrangements | - |
81 | Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) | - |
82 | Current cap on AT1 instruments subject to phase out arrangements | - |
83 | Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) | - |
84 | Current cap on T2 instruments subject to phase out arrangements | - |
85 | Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) | - |
BANK SOHAR SAOG
RECONCILIATION TEMPLATE - AS OF Mar'22 Step 1 :
( RO '000 )
Balance sheet as in published financial statements | Under regulatory scope of consolidation | ||
As at Mar'22 | As at Mar'22 | Differences | |
Assets | |||
Cash and balances with Central Bank of Oman | 101,755.000 | 101,753.000 | (2) |
Certificates of deposit | - | - | |
Due from banks | 123,661.000 | 123,661.000 | - |
Loans and advances | 2,670,692.000 | 2,670,692.000 | - |
Investments in securities | 1,015,774.000 | 1,015,774.000 | - |
Loans and advances to banks | - | - | |
Property and equipment | 50,795.000 | 50,795.000 | - |
Deferred tax assets | - | - | |
Other assets | 233,453.000 | 233,455.000 | 2 |
Total assets | 4,196,130.000 | 4,196,130.000 | - |
Liabilities | |||
Due to banks | 905,320.000 | 905,320.000 | - |
Customer deposits | 2,410,225.000 | 2,410,225.000 | - |
Certificates of deposit | - | - | |
Current and deferred tax liabilities | - | - | |
Other liabilities | 259,472.000 | 259,472.000 | - |
Subordinated Debts | 35,645.000 | 35,645.000 | - |
Compulsory Convertible bonds | - | - | - |
Total liabilities | 3,610,662.000 | 3,610,662.000 | - |
Shareholders' Equity | |||
Paid-up share capital | 295,355 | 295,355 | - |
Share premium | 18,038 | 18,038 | - |
Legal reserve | 34,389 | 34,389 | - |
General reserve | 988 | 988 | - |
Retained earnings | 5,522 | 5,522 | - |
Cumulative changes in fair value of investments | (2,288) | (2,288) | - |
Subordinated debt reserve | 28,000 | 28,000 | - |
Impairment reserve | 5,464 | 5,464 | - |
Special Reserve | - | - | |
Perpetual Tier 1 Capital Securities | 200,000 | 200,000 | - |
Total shareholders' equity | 585,468 | 585,468 | - |
Total liability and shareholders' funds | 4,196,130 | 4,196,130 | - |
BANK SOHAR SAOG
RECONCILIATION TEMPLATE - AS OF Mar'22 Step 2 :
( RO '000 )
Balance sheet as in published financial statements | Under regulatory scope of consolidation | Reference | |
As at Mar'22 | As at Mar'22 | ||
Assets | |||
Cash and balances with CBO | 101,755 | 101,753 | |
Balance with banks and money at call and short notice | 123,661 | 123,661 | |
Investments : | 1,015,774 | 1,015,774 | |
Of which Held to Maturity | 342,821 | 342,821 | |
Out of investments in Held to Maturity: | |||
Investments in subsidiaries | NA | NA | |
Investments in Associates and Joint Ventures | NA | NA | |
Of which Available for Sale | 578,192 | 578,192 | |
Out of investments in Available for Sale : Investments in Subsidiaries | NA | NA | |
Investments in Associates and Joint Ventures | NA | NA | |
Held for Trading | 94,761 | 94,761 | |
Loans and advances | 2,670,692 | 2,670,692 | |
Of which : | |||
Loans and advances to domestic banks | - | - | |
Loans and advances to non-resident banks | - | - | |
Loans and advances to domestic customers | 2,227,580 | 2,227,580 | |
Loans and advances to non-resident Customers for domestic operations | - | - | |
Loans and advances to non-resident Customers for operations abroad | 4,567 | 4,567 | |
Loans and advances to SMEs | 92,493 | 92,493 | |
Financing from Islamic banking window | 346,052 | 346,052 | |
Fixed assets | 50,795 | 50,795 | |
Other assets of which: | 233,453 | 233,455 | |
Goodwill and intangible assets Out of which: | |||
goodwill | - | - | |
Other intangibles (excluding MSRs) | - | - | |
Deferred tax assets | - | - | |
Goodwill on consolidation | - | - | |
Debit balance in Profit & Loss account | - | - | |
Total Assets | 4,196,130 | 4,196,130 | |
Capital & Liabilities | |||
Paid-up Capital | 313,393 | 313,393 | |
Of which: | |||
Amount eligible for CET1 | 313,393 | 313,393 | |
Amount eligible for AT1 | 200,000 | 200,000 | |
Reserves & Surplus | 72,075 | 72,075 | |
Out of which | |||
Retained earnings* | 5,522 | 5,522 | b |
Other Reserves | 68,841 | 68,841 | |
Cumulative changes in fair value of investments | (2,288) | (2,288) | |
Out of which : | |||
Losses from fair value of investments | - | a | |
Gains from fair value of investments | - | ||
Haircut of 55% on Gains | - | ||
Total Capital | 385,468 | 385,468 | |
Deposits : | 2,410,225 | 2,410,225 | |
Of which: | |||
Deposits from banks | - | - | |
Customer deposits | 2,116,785 | 2,116,785 | |
Deposits of Islamic Banking window | 293,440 | 293,440 | |
Other deposits(please specify) | - | - | |
Borrowings | 905,320 | 905,320 | |
Of which: From CBO | - | - | |
From banks | 905,320 | 905,320 | |
From other institutions & agencies | - | - | |
Borrowings in the form of bonds, Debentures and sukuks | - | - | |
Others (Subordinated debt) | 35,645 | 35,645 | |
Other liabilities & provisions** Of which: | 259,472 | 259,472 | |
Out of which : DTLs related to Investments | - | ||
Out of which : DTAs related to Investments | - | ||
Out of which : DTLs related to Fixed Assets | - | ||
DTLs related to goodwill | - | - | |
DTLs related to intangible assets | - | - | |
TOTAL | 3,996,130 | 3,996,130 |
BANK SOHAR SAOG
RECONCILIATION TEMPLATE - AS OF Mar'22 Step 3 :
Common Equity Tier 1 capital: instruments and reserves | |||
Component of regulatory capital reported by bank | Source based on reference numbers/letters of the balance sheet under the regulatory scope of consolidation from step 2 | ||
1 | Directly issued qualifying common share (and equivalent for non- joint stock companies) capital plus related stock surplus | 313,393 | |
2 | Retained earnings | (2,998) | b |
3 | Accumulated other comprehensive income (and other reserves) | 63,377 | |
4 | Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock companies) | - | |
5 | Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) | - | |
6 | Common Equity Tier 1 capital before regulatory adjustments | 373,772 | |
7 | Prudential valuation adjustments | - | |
8 | Goodwill (net of related tax liability) | - | |
9 | Losses from fair value of investments | (2,288) | a |
10 | DTA related to Investments | - | |
11 | Common Equity Tier 1 capital (CET1) | 371,484 |
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Sohar International Bank SAOG published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 12:32:01 UTC.
