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 HOLDINGS LIMITED / SASFIN BANK LIMITED
CAPITAL ADEQUACY – QUARTERLY REPORT
31 March 2013




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 III, 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 Sasfin Group’s quantitative
information relating to its Capital and Capital Adequacy
levels as at 31 March 2013, and meets the ongoing reporting
requirements for a quarterly disclosure in terms of Pillar
3 of the Basel III Accord.

The qualitative information regarding the Group's Capital
Management Plan and Strategy is fully disclosed in the Group's
2012 Integrated Annual Report and Audited Annual Financial Statements.

This information is available on the website:
www.sasfin.com.

                                    Sasfin Holdings    Sasfin Bank and
                                        Limited         Subsidiaries
                                     R'000      %age    R'000      %age
     Total Risk weighted assets &
1.   exposures                      4 002 036           3 183 728
       Credit risk                  1 841 496           1 817 604
       Operational risk               756 608             393 660
       Market risk                    203 547             203 547
       Equity investment risk         448 858              38 435
        Securitisation risk             513 481             513 481
        Other risk                      238 046             217 001

2.    Tier 1 Capital                    852 351  21.30      705 541   22.16
      Share Capital & Premium           163 686             313 476
      Retained Earnings               1 018 052             524 005
      Prescribed deductions and
      non-qualifying reserves          -329 387            -131 940
3.    Additional Tier 1 Capital
      Non-redeemable preference
      share capital                     199 278   4.98
4.      Total Tier 1 Capital          1 051 629  26.28      705 541   22.16
5.    Tier 2 Capital                    124 274   3.11       83 274    2.62
      Sub-ordinated Debt                 74 205              74 205
      General other reserves             45 898               4 898
      General allowance for credit
      impairment                          4 171               4 171
      Total Qualifying Capital &
      Capital Adequacy ratio          1 175 903  29.38      788 815   24.78
6.    Minimum Required Capital &
      Reserves                          380 193   9.50      302 454   9.50
7.    The Eurozone, which is the country's major trading partner,
      continues to show signs of recession and increasing debt
      levels. This invariably impacts on South Africa's growth
      prospects, and coupled with the significant concerns around
      the political environment and the escalating politics and
      social unrest in South Africa, the country is faced with a
      weak growth trajectory.

      Sasfin Bank Group remained well capitalised as at 31 March
      2013 with a total capital adequacy of 29% and a Tier 1
      capital adequacy of 26%, significantly exceeding minimum
      regulatory requirements.

      The Group has successfully implemented the new Basel III
      requirements and currently meets both the liquidity and
      capital levels as stipulated in the Amended Regulations.

     6 June 2013

     Johannesburg

     Lead Sponsor
     KPMG Services (Pty) Limited

     Joint Sponsor
     SASFIN CAPITAL A DIVISION OF SASFIN BANK LIMITED

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