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Capital Adequacy- quarterly report 30 September 2013
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 AND ITS SUBSIDIARIES
CAPITAL ADEQUACY – QUARTERLY REPORT 30 SEPTEMBER 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 30 September 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 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 4 704 809 3 879 954
Credit risk 2 485 050 2 471 049
Operational risk 748 142 403 894
Market
risk 245 396 245 396
Equity investment
risk 468 249 35 749
Securitisation risk 550 614 550 614
Other risk 207 359 173 252
2. Common Equity Tier 1 Capital 904 573 19.23 783 844 20.20
Share Capital & Premium 145 236 313 476
Retained Earnings 1 052 560 582 860
Prescribed deductions and non-qualifying reserves -293 223 -112 492
Additional Tier 1
3. Capital
Non-redeemable preference share capital 179 350 3.81 - -
4. Total Tier 1 Capital 1 083 923 23.04 783 844 20.20
5. Tier 2 Capital 123 874 2.63 82 874 2.14
Sub-ordinated Debt 74 205 74 205
General other
reserves 45 898 4 898
General allowance for credit impairment 3 771 3 771
Total Qualifying Capital & Capital Adequacy ratio 1 207 797 25.67 866 718 22.34
6. Minimum Required Capital & Reserves 446 957 9.50 368 596 9.50
7. The South African economy faced a challenging environment, amid quantitative easing inflicted pressures and continued strike activity, rand volatility
has escalated affecting growth levels required to stimulate the economy.
Notwithstanding the above the Sasfin Bank Group remained well capitalised as at 30 September 2013 with a total capital adequacy ratio of 26%
and a Tier 1 capital adequacy ratio of 23%, significantly exceeding minimum regulatory requirements.
4 December 2013
Johannesburg
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
SASFIN CAPITAL A DIVISION OF SASFIN BANK LIMITED
Date: 04/12/2013 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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