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SFN SFNP
SFN
SFN/SFNP - Sasfin Holdings - Quarterly 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
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 30 September 2011, and
meets the ongoing reporting requirements for its 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 2011 Integrated Report and Audited
Annual Financial Statements.
This report is available for download from www.sasfin.com
Sasfin Sasfin Bank
Holdings Limited &
Limited its
subsidiaries
R`000 %age R`000 %age
1. Total Risk weighted assets & 3,215,518 1,931,015
exposures
Credit risk 1,238,217 1,118,081
Operational risk 871,451 397,745
Market risk 238,148 238,148
Equity investment risk 663,053 154
Other risk 204,649 176,888
2. Tier 1 Primary Capital 884,640 27.51 601,598 31.15
Share Capital & Premium 163,686 253,476
Distributable reserves and 927,128 453,202
other***
Non-redeemable preference 172,253 60,000
share capital
Prescribed deductions and -378,427 -165,080
non-qualifying reserves
***Distributable reserves include
current year unappropriated profits.
3. Tier 2 Secondary Capital 133,241 4.14 58,691 3.04
Non-redeemable preference -
share capital 27,026
Subordinated debt 82,450
82,450
General allowance and other 4,898
reserves 52,422
Prescribed deductions and -28,657
non-qualifying reserves -28,657
Total Capital & Capital 1,017,880 31.66 660,289 34.19
Adequacy ratio
4. Minimum Required Capital & 305,474 9.50% 183,446 9.50%
Reserves
5. The uncertainty and volatility stemming from the global economy where fears
of sovereign credit default and recessionary concerns persists, is impacting
world markets and the contagion effect on the banking industry. Locally, the
banking sector remains largely subdued with mixed signs of credit demand. Sasfin
continues to broaden its franchise and grow its non-banking activities, focusing
on the entrepreneurial market and private client base. Sasfin`s growth
trajectory is indeed sustainable on the back of its strong capital position,
improved liquidity levels and diversified funding and activity base.
Johannesburg
28 November 2011
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
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