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Quarterly report in terms of Regulation 43(1)(e)(ii)
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
(“Sasfin” or “the Group” or “the Company”)
SASFIN HOLDINGS LIMITED / SASFIN BANK LIMITED
CAPITAL ADEQUACY – QUARTERLY REPORT
31 March 2015
Quarterly 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 2014 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 31 March 2015 are disclosed below.
Sasfin Bank and
Sasfin Bank Limited
Sasfin Holdings Limited Subsidiaries
R'000 % R'000 % R'000 %
Capital Structure and Capital
Adequacy levels
1. Total risk weighted assets
and exposures 5 893 319 4 476 649 3 797 977
Credit risk 3 204 925 2 972 721 2 771 143
Operational risk 808 434 461 928 382 020
Market risk 277 505 277 505 3 485
Equity investment risk 736 500 121 653 121 653
Securitisation risk 357 079 357 079 357 079
Other risk 508 876 285 763 162 598
2. Common equity Tier 1
capital 1 217 347 20.66 939 893 21.00 746 344 19.65
Share capital and premium 144 327 313 476 313 476
Distributable reserves and
other 1 161 845 593 995 406 229
Prescribed deductions and
non-qualifying reserves 20 303 32 422 26 639
Intragroup investments -109 128
3. Additional Tier 1 capital
Non-redeemable preference
share capital 139 494 2.37 - - - -
4. Total Tier 1 capital 1 356 842 23.02 939 893 21.00 746 344 19.65
5. Tier 2 capital 30 464 0.52 36 655 0.82 35 453 0.93
Sub-ordinated debt 23 791 29 982 29 982
General allowance for credit
impairment 6 673 6 673 5 471
Total qualifying capital and
capital adequacy ratio 1 387 305 23.54 976 548 21.81 781 797 20.58
6. Minimum required capital
and reserves 589 332 10.00 447 665 10.00 379 798 10.00
Leverage and liquidity coverage
7. Total Exposures for
Leverage disclosure 9 856 986 7 523 310 5 183 436
8. Leverage ratio (Total Tier 1
capital / Total exposures) 13.77 12.49 14.40
9. Minimum required
Leverage Ratio 4.00 4.00 4.00
10. Liquidity coverage ratio 421.00
11. Benchmark liquidity
coverage ratio 60.00
12. The South African economy continues to face significant macro economic pressure from falling commodity prices,
further devaluation of the rand and sovereign rating concerns. This is exacerbated by the local electricity and
labour crises which are negatively impacting meaningful economic growth.
Sasfin Holdings Group Limited and Sasfin Bank Limited continue to maintain their strong capital and liquidity
positions. Total Capital Adequacy, Tier 1 Capital Adequacy, Leverage and Liquidity coverage ratios significantly
exceed the minimum regulatory requirements, in full compliance with Basel III.
30 June 2015
Lead Sponsor
KPMG Services (Pty) Limited
Joint Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 30/06/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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