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

Semi-Annual 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
(“the Group”)


SASFIN HOLDINGS LIMITED / SASFIN BANK LIMITED

CAPITAL ADEQUACY – SEMI-ANNUAL REPORT 30 June 2016



Semi-Annual 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 2016 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 June 2016 are disclosed
below.


                                                           Sasfin Holdings Limited        Sasfin Bank and Subsidiaries              Sasfin Bank Limited

                                                              R'000                %           R'000                 %            R'000                %

 Capital Structure and Capital Adequacy levels
1.   Total risk weighted assets and exposures     7 767 313           6 364 100           5 079 486

       Credit risk                                4 478 297           4 543 041           3 855 815

       Operational risk                           1 191 265            732 503             561 795

       Market risk                                  39 333              39 333              12 829

       Equity investment risk                     1 003 541            159 638             159 405

       Securitisation risk                         340 932             340 932             340 932

       Other risk                                  713 945             548 653             148 710


2.   Common equity Tier 1 capital                 1 331 244   17.14   1 193 616   18.76    958 478    18.87

       Share capital and premium                   144 327             463 476             463 476

       Distributable reserves and other           1 124 440            667 566             411 003

       Prescribed deductions and non-qualifying
       reserves                                     65 238              77 710              83 999

       Intragroup investments                        -2 761             -15 136                  0


3.   Additional Tier 1 capital

       Non-redeemable preference share capital     115 721     1.49           -       -           -



4.   Total Tier 1 capital                         1 446 965   18.63   1 193 616   18.76    958 478    18.87


5.   Tier 2 capital                                 30 596     0.39     36 501     0.57     32 135     0.63
         Sub-ordinated debt                                     12 084                          17 989                    17 989

         General allowance for credit impairment                18 512                          18 512                    14 146


       Total qualifying capital and capital
       adequacy ratio                                        1 477 561        19.02          1 230 117         19.33     990 613         19.50


 6.    Minimum required capital and reserves                   805 859        10.38           660 275          10.38     526 997         10.38


 Leverage and liquidity coverage


 7.    Total Exposures for Leverage disclosure              11 362 310                       9 447 647                  6 446 968


       Leverage ratio (Total Tier 1 capital / Total
 8.    exposures)                                                             12.73                            12.63                     14.87


 9.    Minimum required Leverage Ratio                                         4.00                              4.00                     4.00


 10.   Liquidity coverage ratio                                                                                                            206


 11.   Benchmark liquidity coverage ratio                                                                                                      70



12.    South Africa, a significant commodity producer with a wide wealth gap, chronic unemployment and a high level of consumer indebtedness
       has been negatively affected by the weak global economy and declining commodity prices.


       This coupled with political uncertainty in South Africa continues to result in increased market volatility.
      The South African banking industry, while taking strain from the weak economy, escalating regulation, technological disruption and
      cybercrime, remains resilient and well capitalised.


      Sasfin Holdings Limited and Sasfin Bank Limited have maintained their strong capital and liquidity positions with Total Capital Adequacy,
      Tier 1 Capital Adequacy, Leverage and Liquidity coverage ratios all exceeding the minimum regulatory requirements and in full compliance
      with Basel III.




30 September 2016
Johannesburg

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

Independent Sponsor
KPMG Services (Pty) Ltd

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