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SFN SFNP
SFN
SFN/SFNP - Sasfin Holdings Limited - Quarterly report on Basel II Capital
adequacy requirements 30 September 2010
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
QUARTERLY REPORT ON BASEL II CAPITAL ADEQUACY REQUIREMENTS 30 SEPTEMBER 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, 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 September 2010. 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 also available for download from:
www.sasfin.com.
Sasfin Sasfin Bank
Holdings Limited &
Limited its
subsidiaries
R`000 %age R`000 %age
1. Total Risk 3,157,080 2,012,647
weighted assets
& exposures
Credit risk 1,280,439 1,159,806
Operational 668,462 296,292
risk
Market risk 390,138 390,138
Equity 613,571 1,853
investment risk
Other risk 204,470 164,558
2. Tier 1 Primary 804,321 25.48 497,255 24.71
Capital
Share Capital & 163,686 141,475
Premium
Distributable 820,752 428,431
reserves
Non-redeemable 160,864 60,000
preference
share capital
Prescribed -340,981 -132,651
deductions and
non-qualifying
reserves
3. Tier 2 161,098 5.10 81,684 4.06
Secondary
Capital
Non-redeemable
preference 38,414 -
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 -11,456 -11,456
non-qualifying
reserves
Total 965,419 30.58 578,939 28.77
Qualifying
Capital &
Capital
Adequacy ratio
4. Total Required 307,815 9.75 196,233 9.75
Capital &
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
30 November 2010
Lead Sponsor
KPMG SERVICES (PTY) LTD
Joint sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 30/11/2010 13:23:01 Produced by the JSE SENS Department.
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