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SFN/SFNP - Sasfin Holdings Limited - Quarterly report on Basel II capital
adequacy requirements 31 December 2011
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 ON BASEL II CAPITAL ADEQUACY REQUIREMENTS 31 DECEMBER 2011
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 December 2011, and meets the ongoing reporting requirements for a
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 2011 Integrated Report and
Audited Annual Financial Statements. This report is also 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 3,365,040 2,230,685
assets & exposures
Credit risk 1,485,474 1,472,208
Operational risk 760,260 397,754
Market risk 204,331 204,331
Equity investment 654,049 154
risk
Other risk 260,926 156,237
2. Tier 1 Primary 822,016 24% 590,491 26%
Capital
Share Capital & 163,686 253,476
Premium
Distributable 854,257 440,983
reserves and
other***
Non-redeemable 164,403 60,000
preference share
capital
Prescribed -360,330 -163,968
deductions and non-
qualifying reserves
***Distributable reserves
include current year
unappropriated profits
3. Tier 2 Secondary 140,616 4% 64,741 3%
Capital
Non-redeemable
preference share 34,875 -
capital
Subordinated debt
82,450 82,450
General allowance
and other reserves 52,128 11,128
Prescribed
deductions and non- -28,837 -28,837
qualifying reserves
Total Capital & 962,632 29% 655,232 29%
Capital Adequacy
ratio
4. Minimum Required 319,679 9.50% 211,915 9.50%
Capital & Reserves
5. The uncertainty and volatility stemming from the global economy where
fears of sovereign credit default and recessionary concerns persists,
is impacting world markets and the contagion effect on the banking
industry. Locally, the banking sector remains largely subdued with
mixed signs of credit demand. Sasfin continues to broaden its franchise
and grow its non-banking activities, focusing on the entrepreneurial
market and private client base. Sasfin`s growth trajectory is indeed
sustainable on the back of its strong capital position, improved
liquidity levels and diversified funding and activity base.
Johannesburg
8 March 2012
Lead Sponsor
KPMG SERVICES (PTY) LTD
Joint sponsor
SASFIN CAPITAL
A DIVISION OF SASFIN BANK LIMITED
Date: 08/03/2012 12:17:01 Supplied by www.sharenet.co.za
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