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Quarterly Basel II disclosure
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 2.5, 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 2012, and meets the ongoing
reporting requirements for a quarterly disclosure in terms
of Pillar 3 of the Basel 2.5 Accord. The qualitative
information regarding the Group's Capital Management Plan
and Strategy is fully disclosed in the Group's 2012
Integrated Annual Report and Audited Annual Financial
Statements.
This report is available for download from www.sasfin.com.
Sasfin Bank
Limited &
Sasfin its
Holdings subsidiaries
Limited
R'000 %age R'000 %age
Total Risk weighted
1. assets & exposures 3,577,414 2,802,273
Credit risk 1,996,728 1,977,659
Operational risk 760,455 397,507
Market risk 186,672 186,672
Equity investment risk 398,963 38,435
Other risk 234,596 202,000
2. Tier 1 Primary Capital 948,240 26.51 619,286 22.10
Share Capital &
Premium 163,686 313,476
Distributable reserves
and other*** 942,752 458,870
Non-redeemable
preference share
capital 189,648 -
Prescribed deductions
and non-qualifying
reserves -347,846 -153,060
Tier 2 Secondary
3. Capital 129,058 3.61 78,428 2.80
Non-redeemable
preference share
capital 9,630 -
Subordinated debt 82,450 82,450
General allowance and
other reserves 51,224 10,224
Prescribed deductions
and non-qualifying
reserves -14,246 -14,246
Total Capital & Capital
Adequacy ratio 1,077,298 30.11 697,714 24.90
4. Minimum Required 339,854 9.50 266,216 9.50
Capital & Reserves
5. The uncertainty and volatility in the global economy
remains a key factor in the Financial Services sector with
sovereign credit default and recessionary concerns impacting
world markets. The banking sector in South Africa, whilst
subdued, shows signs of recovery at a pedestrian pace. Sasfin
Group is well positioned to grow its franchise value on the
back of its strong capital position, significant liquidity
levels and diversified funding base. The Group is well
capitalised above minimum regulatory requirements with a total
capital adequacy ratio of 30.11%. Furthermore, on a pro-forma
basis, Sasfin adequately complies with the minimum capital and
liquidity requirements as per the pending Basel III
Regulations.
***Distributable reserves include current year unappropriated
profits.
4 December 2012
Johannesburg
Lead sponsor
KPMG Services (Pty) Limited
Joint Sponsor
Sasfin Capital
A division of Sasfin Bank Limited.
Date: 04/12/2012 11:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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