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SFN SFNP
SFN
SFN/SFNP - Sasfin Holdings Limited - Annual Report in terms of regulation 43
(1) (E) (II) of The Banks Act 1990 (as amended)
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 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 30 June 2010, and
meets the ongoing reporting requirements for its annual 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 2010 Annual Report and Audited
Annual Financial Statements.
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 2,982,795 1,844,611
& exposures
Credit risk 1,107,610 968,787
Operational risk 668,462 296,292
Market risk 415,301 415,301
Equity investment risk 606,367 8,253
Other risk 185,055 155,978
2. Tier 1 Primary Capital 785,475 26.33 476,243 25.82
Share Capital & Premium 163,686 141,475
Distributable reserves 801,036 405,349
Non-redeemable preference 157,095 60,000
share capital
Prescribed deductions and (336,342) (130,581)
non-qualifying reserves
3. Tier 2 Secondary Capital 164,975 5.53 81,792 4.43
Non-redeemable preference 42,183 -
share capital
Sub-ordinated Debt 82,450 82,450
General other reserves 45,898 4,898
General allowance for 5,792 5,792
credit impairment
Prescribed deductions and (11,348) (11,348)
non-qualifying reserves
Total Qualifying Capital & 950,450 31.86 558,035 30.25
Capital Adequacy ratio
4. Total Required Capital & 290,823 9.75 179,850 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 markets and is well
capitalised to meet the increased business levels as the economy
improves.
Johannesburg
04 October 2010
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 04/10/2010 17:45:01 Produced by the JSE SENS Department.
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