SASFIN HOLDINGS LIMITED - Semi-annual report in terms of Regulation 43(1)(e)(ii) of the Banks Act

Semi-annual report in terms of Regulation 43(1)(e)(ii) of the Banks Act

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 – SEMI-ANNUAL REPORT
31 December 2013

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 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 December 2013, and meets the on-going 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 2013 Integrated Annual Report and Audited Annual Financial Statements.
This information is available on the website: www.sasfin.com.




                                                                                Sasfin Holdings Limited            Sasfin Bank and Subsidiaries

                                                                            R'000                         %age    R'000                     %age

1.   Total Risk weighted assets & exposures                                     5 099 975                         4 051 504
     Credit risk                                                                2 349 788                         2 214 736
     Operational risk                                                             750 241                           405 993
     Market risk                                                                  228 409                           228 409
     Equity investment risk                                                       559 076                            38 699
     Securitisation risk                                                          880 167                           880 167
     Other risk                                                                   332 294                           283 500


2.   Common Equity Tier 1 Capital                                                919 639                 18.03     795 948                19.65
       Share Capital & Premium                                                   145 236                           313 476
        Retained Earnings                                                      1 052 560                           583 134
        Prescribed deductions and non-qualifying reserves                       -278 157                          -100 662

      Additional Tier 1
 3.   Capital
        Non-redeemable preference share capital                                  179 350                3.52             -                   -

 4.   Total Tier 1 Capital                                                     1 098 989                21.55       795 948               19.65

 5.   Tier 2 Capital                                                             123 043                2.41         82 043                2.03
         Sub-ordinated Debt                                                       74 205                             74 205
         General other reserves                                                   45 898                              4 898
         General allowance for credit impairment                                   2 940                              2 940



      Total Qualifying Capital & Capital Adequacy ratio                        1 222 032               23.96         877 991              21.67

 6.   Minimum Required Capital & Reserves                                        484 498                9.50         384 893               9.50



 7.
      The South African economy faced a challenging environment in 2013, amid quantitative easing inflicted pressures and
      possible sovereign downgrade issues, rand volatility has escalated affecting growth levels required to stimulate the
      economy. In addition, with a rising interest rate outlook, consumer over indebtedness remains a concern.



      Sasfin Bank Group remained well capitalised as at 31 December 2013 with a total capital adequacy ratio of 24% and a
      Tier 1 capital adequacy ratio of 22%, significantly exceeding minimum regulatory requirements.



3 April 2014
Johannesburg

Lead Sponsor
KPMG Services (Pty) Limited

Joint Sponsor
SASFIN CAPITAL A DIVISION OF SASFIN BANK LIMITED

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