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SFN SFNP
SFN
SFN\SFNP - Sasfin Holdings Limited - 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 31 March 2012, and
meets the ongoing reporting requirements for a quarterly disclosure in terms of
Pillar 3 of the Basel II Accord.
This report is available for download from www.sasfin.com.
Sasfin Sasfin Bank
Holdings Limited &
Limited its
R`000 subsidiaries
R`000 %age R`000 %age
1. Total Risk weighted 3,460,182 2,577,482
assets & exposures
Credit risk 1,837,819 1,818,709
Operational risk 760,260 397,754
Market risk 223,538 223,538
Equity investment 482,685 154
risk
Other risk 155,880 137,327
2. Tier 1 Primary 812,519 23% 534,050 21%
Capital
Share Capital & 163,686 253,476
Premium
Distributable 854,257 392,503
reserves and
other***
Non-redeemable 162,504 60,000
preference share
capital
Prescribed -367,928 -171,929
deductions and non-
qualifying reserves
3. Tier 2 Secondary 141,430 4% 63,656 2%
Capital
Non-redeemable
preference share 36,774 -
capital
Subordinated debt
82,450 82,450
General allowance
and other reserves 51,958 10,958
Prescribed
deductions and non- -29,752 -29,752
qualifying reserves
Total Capital & 953,949 28% 597,706 23%
Capital Adequacy
ratio
4. Minimum Required 328,717 9.50% 244,861 9.50%
Capital & Reserves
5. The heightened uncertainty and volatility stemming from
the Eurozone continue to drive market sentiment.
The worsening debt crisis in Europe and the slower
growth in the local economy coupled with the Rand`s
depreciation
is raising inflationary concerns.
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 base.
13 June 2012
Johannesburg
Lead sponsor
KPMG Services (Pty) Limited
Joint Sponsor
Sasfin Capital
A division of Sasfin Bank Limited.
Date: 13/06/2012 15:52:01 Produced by the JSE SENS Department.
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