|
SFN SFNP
SFN
SFN - Sasfin Holdings Limited - Quarterly Report on Basel II
SASFIN HOLDINGS LIMITED
(Incorporated In The Republic Of South Africa)
(Registration Number 1987/002097/06)
("Sasfin" or "the Group")
Ordinary share code: SFN & ISIN: ZAE000006565
Preference share code: SFNP & ISIN: ZAE000060273
ANNUAL REPORT ON BASEL II CAPITAL ADEQUACY REQUIREMENTS 30 JUNE 2009
Annual report in terms of Regulation 43 (1) (e) (ii) of the Banks Act 1990 (as
amended).
In terms of the requirements of the Banks Act, and the banking legislation
under Basel II, registered banks and bank controlling companies are obliged to
report certain qualitative and quantitative information on a regular basis to
the public. The following table sets out the Sasfin Group`s quantitative
information relating to its Capital and Capital Adequacy levels as at 30 June
2009. The qualitative information regarding the Group`s Capital Management
Plan and Strategy is fully disclosed in the Group`s 2009 Annual Report and
Audited Annual Financial Statements. This report is also available on its
website: www.sasfin.com.
Sasfin Sasfin Bank
Holdings Limited &
Limited its
subsidiarie
s
R`000 %age R`000 %age
1. Tier 1 Primary Capital 792,363 28.20 513,477 31.18
Share Capital & Premium 44,070 141,475
Distributable reserves 639,655 363,588
Non-redeemable preference share 160,224 60,000
capital
Prescribed deductions iro
securitisation
and non-qualifying reserves -51,586 -51,586
2. Tier 2 Secondary Capital 107,862 3.84 8,758 0.53
Non-redeemable preference share 99,104
capital -
General other reserves 4,898
4,898
General allowance for credit 3,860
impairment 3,860
Total Available Capital & 900,225 32.04 522,235 31.71
Capital Adequacy ratio
3. Total Required Capital & 273,949 9.75 160,583 9.75
Reserves
4. Total Risk weighted assets & 2,809,737 1,647,006
exposures
5. Current market conditions and the slowing economy continues to influence
levels of capital in maintaining a healthy balance between risk appetite and
risk profile. The credit environment remains challenging with credit demands
being soft, whilst credit defaults are on the increase. As expected, the
group is experiencing an increase in credit impairments in line with the
general trends in the banking industry.
The difficult domestic economy, heightened by the market volatility is bound
to impact earnings in all sectors. Sasfin remains well capitalised with a
stable balance sheet, and continues to focus on maintaining prudent capital
and liquidity levels.
Johannesburg
11 November 2009
Lead Sponsor
KPMG SERVICES (PTY) LTD
Joint sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 11/11/2009 11:27:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
