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SFN/SFNP - Sasfin Holdings Limited - 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)
("Sasfin" or "the Group")
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
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 II, 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 the Sasfin Group`s quantitative information
relating to its Capital and Capital Adequacy levels as at 31 March 2011, and
meets the ongoing reporting requirements for its quarterly disclosure in terms
of Pillar 3 of the Basel II Accord.
The qualitative information regarding the Group`s Capital Management Plan and
Strategy is fully disclosed in the Group`s 2010 Annual Report and Audited Annual
Financial Statements and the Capital Adequacy - Annual Report.
This report is available for download from www.sasfin.com
Sasfin Sasfin Bank
Holdings Limited &
Limited its
subsidiaries
R`000 %age R`000 %age
1. Total Risk weighted 3,026,228 1,844,967
assets & exposures
Credit risk 1,241,250 1,074,073
Operational risk 733,250 334,919
Market risk 249,775 249,775
Equity investment risk 564,614 154
Other risk 237,339 186,045
2. Tier 1 Primary Capital 774,987 25.61 574,738 31.15
Share Capital & Premium 163,686 253,476
Distributable reserves 886,050 464,284
and other***
Non-redeemable preference 158,964 60,000
share capital
Prescribed deductions and -433,713 -203,022
non-qualifying reserves
3. Tier 2 Secondary Capital 103,207 3.41 14,917 0.81
Non-redeemable preference 40,314 -
share capital
Subordinated debt 82,450 82,450
General allowance and 52,874 4,898
other reserves
Prescribed deductions and -72,431 -72,431
non-qualifying reserves
Total Capital & Capital 878,194 29.02 589,655 31.96
Adequacy ratio
4. Minimum Required Capital 287,492 9.50% 175,272 9.50%
& Reserves
5. The South African economy has reflected gradual growth and modest recovery
during this calendar year. The economy still shows signs of uncertainty with
renewed inflationary pressures on the horizon due to higher energy prices and
wage bills. These factors are likely to have an impact on business activity
across all sectors. Sasfin continues to focus in its niche target market and is
well capitalised to meet the increased business levels as the economy improves.
***Distributable reserves include current year unappropriated profits.
Johannesburg
14 June 2011
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 14/06/2011 13:19:01 Supplied by www.sharenet.co.za
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