|
SFN SFNP
SFN
SFN - Sasfin Holdings Limited - Semi-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
SEMI-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 31 December 2010, and
meets the ongoing reporting requirements for its semi-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 3,354,683 2,145,929
& exposures
Credit risk 1,408,381 1,313,063
Operational risk 733,250 334,919
Market risk 279,795 279,795
Equity investment risk 592,567 2,535
Other risk 340,690 215,617
2. Tier 1 Primary Capital 777,783 23.18 502,956 23.44
Share Capital & Premium 163,686 141,475
Distributable reserves 807,889 438,925
Non-redeemable preference 152,640 60,000
share capital
Prescribed deductions and (346,432) (137,444)
non-qualifying reserves
3. Tier 2 Secondary Capital 170,052 5.07 82,413 3.84
Non-redeemable preference 46,639 -
share capital
Sub-ordinated Debt 82,450 82,450
General other reserves 45,898 4,898
General allowance for 7,330 7,330
credit impairment
Prescribed deductions and (12,265) (12,265)
non-qualifying reserves
Total Qualifying Capital & 947,834 28.25 585,369 27.28
Capital Adequacy ratio
4. Minimum Required Capital & 318,695 9.50 203,863 9.50
Reserves
5. The South African economy continues to prove challenging, with signs
of recovery in certain sectors. Notwithstanding the improving
business environment, the banking sector remains sluggish, with the
demand for credit being mixed and subdued in most areas. In
addition, the regulatory landscape which is changing significantly,
impacts growth opportunities and increases costs of compliance.
Johannesburg
28 March 2011
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 28/03/2011 14:47:03 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 ] | |||||||||||||
|
|||||||||||||
