SASFIN HOLDINGS LIMITED - Quarterly Report in terms of Regulation 43 (1) (e) (ii) of the Banks Act 1990 (as amended).

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)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
(“Sasfin” or “the Group”)

  SASFIN HOLDINGS LIMITED / SASFIN BANK LIMITED
  CAPITAL ADEQUACY – QUARTERLY REPORT -
  30 September 2015

  Quarterly Report in terms of Regulation 43 (1) (e) (ii) of the Banks Act 1990 (as
  amended).
  Sasfin Holdings Limited and Sasfin Bank Limited are required in terms of the requirements of the Banks Act and Basel III, to report on their capital management
  plan, capital strategy, capital structure, capital adequacy and leverage ratio publicly.

  The Group's capital management plan and strategy are fully disclosed in the Group's 2015 Integrated Report and Audited Annual Financial Statements which are
  available at www.sasfin.com or from the Company Secretary.

  Sasfin Holdings Limited and Sasfin Bank Limited capital structure, capital adequacy, leverage and liquidity coverage ratios at 30 September 2015 are disclosed
  below.

                                                                                                            Sasfin Bank and
                                                                                                                                            Sasfin Bank Limited
                                                                        Sasfin Holdings Limited               Subsidiaries
                                                                         R'000               %             R'000            %               R'000                  %
  Capital Structure and Capital Adequacy levels

  1.   Total risk weighted assets and exposures                          7 035 538                         5 603 875                       4 498 558
         Credit risk                                                     4 210 855                         3 939 462                       3 355 452
         Operational risk                                                  975 060                           573 430                         456 262
         Market risk                                                        61 959                            61 959                           7 226
         Equity investment risk                                            768 730                           136 331                         136 331
         Securitisation risk                                               392 514                           392 514                         392 514
         Other risk                                                        626 420                           500 179                         150 773
2.    Common equity Tier 1 capital                                       1 282 839        18.23            1 130 734      20.18              908 264         20.19
        Share capital and premium                                          144 327                           463 476                         463 476
        Distributable reserves and other                                 1 133 965                           704 363                         450 633
        Prescribed deductions and non-qualifying reserves                   19 256                            -8 705                          -5 845  
        Intragroup investments                                             -14 709                           -28 400                               -

3.    Additional Tier 1 capital
        Non-redeemable preference share capital                            136 815         1.94                    -          -                    -             -

4.    Total Tier 1 capital                                               1 419 654        20.18            1 130 734      20.18              908 264          20.19

5.    Tier 2 capital                                                        29 521         0.42               37 658       0.67               36 348           0.81
         Sub-ordinated debt                                                 21 845                            29 982                          29 982
         General allowance for credit impairment                             7 676                             7 676                           6 366

      Total qualifying capital and capital adequacy ratio                1 449 175        20.60            1 168 392       20.85              944 612         21.00
  
6.    Minimum required capital and reserves                                844 265        12.00              672 465       12.00              539 827         12.00

Leverage and liquidity coverage

7.    Total Exposures for Leverage disclosure                           11 651 081                        9 188 408                         6 012 588

      Leverage ratio (Total Tier 1 capital / Total
8.    exposures)                                                                          12.18                            12.31                              15.11

9.    Minimum required Leverage Ratio                                                      4.00                             4.00                               4.00



10.   Liquidity coverage ratio                                                                                                                               302.00

11.   Benchmark liquidity coverage ratio                                                                                                                      60.00
12.   The South African economy continues to face significant macro-economic pressure from falling commodity prices, further devaluation of the rand and
      sovereign rating concerns. This is exacerbated by the local electricity challenges, prolonged drought and political uncertainty which are negatively impacting
       meaningful economic growth.

        Sasfin Holdings Group Limited and Sasfin Bank Limited continue to maintain their strong capital and liquidity positions. Total Capital Adequacy, Tier 1
        Capital Adequacy, Leverage and Liquidity coverage ratios significantly exceed the minimum regulatory requirements, in full compliance with Basel III.


Johannesburg

Lead Sponsor
KPMG Services (Pty) Limited

Joint Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)


9 December 2015

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