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SFN SFNP
SFN
SFN/SFNP- Sasfin Holdings Limited - Capital adequacy - Quarterly report 31 March
2010
SASFIN HOLDINGS LIMITED
(Incorporated In the Republic Of South Africa)
(Registration Number 1987/002097/06)
("Sasfin" or "the Company")
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
CAPITAL ADEQUACY - QUARTERLY REPORT 31 March 2010
Quarterly 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, all 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 31 March 2010, and
meets the ongoing reporting requirements for a quarterly disclosure in terms of
Pillar 3 of the Basel II Accord.
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; and the Capital Adequacy - Semi-annual Report. This report
is available for download from www.sasfin.com
Sasfin Holdings Sasfin Bank
Limited Limited & its
subsidiaries
R`000 %age R`000 %age
1. Total Risk weighted assets & 2,643,608 1,660,968
exposures
Credit risk 900,303 721,247
Operational risk 668,462 296,292
Market risk 399,778 399,778
Equity investment risk 395,617 7,773
Other risk 279,448 235,878
2. Tier 1 Primary Capital 814,289 30.80 484,692 29.18
Share Capital & Premium 121,718 141,475
Distributable reserves 730,345 394,205
Non-redeemable preference 179,145 60,000
share capital
Prescribed deductions and non- (216,919) (110,988)
qualifying reserves
3. Tier 2 Secondary Capital 101,369 3.83 81,186 4.89
Non-redeemable preference 20,183 -
share capital
Sub-ordinated Debt 82,450 82,450
General other reserves 4,898 4,898
General allowance for credit 4,667 4,667
impairment
Prescribed deductions and non- (10,829) (10,829)
qualifying reserves
Total Qualifying Capital & 915,658 34.64 565,878 34.07
Capital Adequacy ratio
4. Total Required Capital & 257,752 9.75 161,944 9.75
Reserves
5. The South African economy has reflected moderate growth and recovery
during this calendar year, and the recovery process is expected to
remain gradual.
Sasfin remains focused in its niche target market and is well
capitalised to meet the increased business levels as the economy
improves.
Johannesburg
23 June 2010
Lead Sponsor
KPMG SERVICES (PTY) LTD
Joint Sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 23/06/2010 16:39:11 Produced by the JSE SENS Department.
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