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Sasfin Holdings Limited / Sasfin Bank Limited Capital Adequacy – Quarterly Report 30 June 2017
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 – QUARTERLY REPORT 30 June 2017
Sasfin Holdings Limited and Sasfin Bank Limited are required in terms of Regulation 43(1)(e)(ii) of the Banks Act, No 94 of 1990, as amended, of South
Africa, and Regulations, 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 the 2017 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 2017 are disclosed
below.
Sasfin Holdings Limited Sasfin Bank Limited and Subsidiaries Sasfin Bank Limited
R'000 R'000 R'000 R'000 R'000 R'000 R'000 R'000 R'000
Minimum Minimum Minimum
Risk Risk capital Risk Risk capital capital
weighted weighted requirements weighted weighted requirement Risk weighted Risk weighted requirements
assets assets * assets assets s* assets assets *
June 2017 March 2017 June 2017 June 2017 March June 2017 June 2017 March 2017 June 2017
Risk weighted assets (T) (T-1) (T) (T) 2017 (T-1) (T) (T) (T-1) (T)
Overview of Risk weighted
assets
Credit risk (excluding
counterparty credit risk)
1 (CCR) 6 255 544 5 787 940 672 471 5 483 209 5 027 599 589 445 4 903 097 4 517 062 527 083
Of which standardised
2 approach (SA) 6 255 544 5 787 940 672 471 5 483 209 5 027 599 589 445 4 903 097 4 517 062 527 083
3 Of which internal rating- - - - - - - - - -
based (IRB) approach
4 Counterparty credit risk 54 966 71 563 5 909 54 966 71 563 5 909 54 027 66 089 5 808
Of which standardised
approach for counterparty
5 credit risk (SA-CCR) 54 966 71 563 5 909 54 966 71 563 5 909 54 027 66 089 5 808
Of which internal model
6 method (IMM) - - - - - - - - -
Equity positions in banking
book under market-based
7 approach - - - - - - - - -
Equity investments in funds
8 - look-through approach - - - - - - - - -
Equity investments in funds
9 - mandate-based approach - - - - - - - - -
Equity investments in funds
10 - fall back approach - - - - - - - - -
11 Settlement risk - - - - - - - - -
Securitisation exposures in
12 banking book 326 580 341 094 35 107 326 580 341 094 35 107 326 580 341 094 35 107
Of which IRB ratings-based
13 approach (RBA) - - - - - - - - -
Of which IRB Supervisory
14 Formula Approach (SFA) - - - - - - - - -
Of which SA/simplified
supervisory formula
15 approach (SSFA) 326 580 341 094 35 107 326 580 341 094 35 107 326 580 341 094 35 107
16 Market risk 10 058 44 355 1 081 10 058 44 355 1 081 3 494 2 857 376
Of which standardised
17 approach (SA) 10 058 44 355 1 081 10 058 44 355 1 081 3 494 2 857 376
Of which internal model
18 approaches (IMM) - - - - - - - - -
19 Operational risk 1 371 421 1 289 913 147 428 858 963 807 387 92 339 651 421 607 948 70 028
Of which Basic Indicator
20 Approach 1 371 421 1 289 913 147 428 858 963 807 387 92 339 651 421 607 948 70 028
Of which standardised
21 approach - - - - - - - - -
Of which Advanced
22 Measurement Approach - - - - - - - - -
Amounts below the
thresholds for deduction
(subject to 250% risk
23 weight) 411 724 399 682 44 260 313 500 290 041 33 701 - - -
24 Floor adjustment 462 328 402 759 49 700 369 931 316 692 39 768 243 239 222 249 26 148
25 Total 8 892 621 8 337 306 955 956 7 417 207 6 898 731 797 350 6 181 858 5 757 299 664 550
* The minimum capital requirement per risk category is 10.750% which comprises the Base minimum (8.000%) plus the Pillar 2A systemic risk Add-on (1.500%) plus the
Capital Conservation Buffer (CCB) (1.250%).
R'000 R'000 R'000 R'000 R'000 R'000
June 2017 March 2017 June 2017 March March 2017
(T) (T-1) (T) 2017 (T-1) June 2017 (T) (T-1)
Qualifying capital and
reserves
Tier 1 capital 1 461 558 1 439 385 1 200 411 1 140 167 939 313 945 044
Common equity tier 1
capital 1 367 515 1 345 342 1 200 411 1 140 167 939 313 945 044
Share capital and premium 144 327 144 327 463 476 463 476 463 476 463 476
Distributable reserves and
other 1 183 816 1 153 519 699 746 631 473 411 002 410 995
Prescribed deductions and
non-qualifying reserves 48 804 58 944 51 708 65 214 64 835 70 573
Intragroup investments -9 432 -11 448 -14 519 -19 996 - -
Additional tier 1 capital
Non-redeemable preference
share capital 94 043 94 043 - - - -
Tier 2 capital 25 222 25 577 27 577 28 432 23 732 24 827
Sub-ordinated debt 6 640 6 140 8 995 8 995 8 995 8 995
General allowance for credit
impairment 18 582 19 437 18 582 19 437 14 737 15 832
Total qualifying capital and
reserves 1 486 780 1 464 962 1 227 988 1 168 599 963 045 969 871
Minimum required capital
and reserves 955 956 896 262 797 350 741 613 664 550 618 910
Capital adequacy ratios
Tier 1 capital (%) 16.436 17.264 16.184 16.527 15.195 16.415
Common equity tier 1 (%) 15.378 16.136 16.184 16.527 15.195 16.415
Additional tier 1 (%) 1.058 1.128 - - - -
Tier 2 capital (%) 0.284 0.307 0.372 0.412 0.384 0.431
Total capital adequacy ratio
(%) 16.720 17.571 16.556 16.939 15.579 16.846
Minimum required capital
adequacy ratio (%) 10.750 10.750 10.750 10.750 10.750 10.750
Leverage and liquidity
coverage
Total Exposures for
Leverage disclosure 12 727 746 12 357 405 10 912 673 10 518 313 7 968 038 7 797 907
Leverage ratio (Total Tier 1
capital / Total exposures)
(%) 11.483 11.648 11.000 10.840 11.789 12.119
Minimum required
Leverage Ratio (%) 4.000 4.000 4.000 4.000 4.000 4.000
Liquidity coverage ratio (%) 164 137
Benchmark liquidity
coverage ratio (%) 80 80
Risk weighted assets flow statements of credit risk exposures under IRB
Sasfin does not use the internal ratings based, but rather the standardised approach, in the calculation of credit risk-weighted assets. This template is therefore not
completed.
Risk weighted assets flow statements of CCR exposures under Internal Model Method (IMM)
Sasfin does not use an internal model method, but rather the standardised approach, in the calculation of counterparty credit risk. This template is therefore not
completed.
Risk weighted assets flow statements of market risk exposures under an IMA
Sasfin does not use an internal model approach, but rather the standardised approach, for its market risk exposures. This template is therefore not completed.
4 October 2017
Johannesburg
Lead Sponsor
Sasfin Capital (a member of the Sasfin group)
Independent Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Date: 04/10/2017 09:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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