To view the PDF file, sign up for a MySharenet subscription.

SASFIN HOLDINGS LIMITED - Sasfin Holdings Limited / Sasfin Bank Limited Capital Adequacy Quarterly Report 31 March 2017

Release Date: 30/05/2017 10:55
Code(s): SFNP SFN     PDF:  
Wrap Text
Sasfin Holdings Limited / Sasfin Bank Limited Capital Adequacy – Quarterly Report 31 March 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 31 March 2017

                                                                 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
                                                                                                  capital                                               capital
                                                    Risk weighted      Risk weighted       requirements      Risk weighted      Risk weighted requirements        Risk weighted     Risk weighted        Minimum capital
                                                            assets            assets                    *            assets             assets                *           assets           assets         requirements *
                                                           March      December 2016          March 2017                       December 2016             March            March     December 2016                  March
 Risk weighted assets                                     2017 (T)              (T-1)                 (T)   March 2017 (T)               (T-1)         2017 (T)         2017 (T)             (T-1)               2017 (T)
 Overview of Risk weighted assets
 Credit risk (excluding counterparty credit risk)
 (CCR)                                                  5 787 940           5 610 184           622 204          5 027 599          4 874 822          540 467        4 517 062          4 335 318               485 584
 Of which standardised approach (SA)                    5 787 940           5 610 184           622 204          5 027 599          4 874 822          540 467        4 517 062          4 335 318               485 584
 Of which internal rating-based (IRB) approach                  -                   -                 -                  -                  -                -

 Counterparty credit risk                                  71 563              94 903              7 693            71 563             94 903            7 693           66 089             87 619                 7 105
 Of which standardised approach for counterparty
 credit risk (SA-CCR)                                      71 563              94 903              7 693            71 563             94 903            7 693           66 089             87 619                 7 105
 Of which internal model method (IMM)                           -                   -                  -                 -                  -                -                -                  -                     -
 Equity positions in banking book under market-
 based approach                                                  -                   -                  -                 -                  -                -                -                  -                     -
 Equity investments in funds - look-through
 approach                                                        -                   -                  -                 -                  -                -                -                  -                     -
 Equity investments in funds - mandate-based
 approach                                                       -                   -                  -                 -                  -                -                -                  -                     -
 Equity investments in funds - fall back approach               -                   -                  -                 -                  -                -                -                  -                     -
 Settlement risk                                                -                   -                  -                 -                  -                -                -                  -                     -
 Securitisation exposures in banking book                 341 094             348 245             36 668           341 094            348 245           36 668          341 094            348 245                36 668
 Of which IRB ratings-based approach (RBA)                      -                   -                  -                 -                  -                -                -                  -                     -
 Of which IRB Supervisory Formula Approach
 (SFA)                                                           -                   -                  -                 -                  -                -                -                  -                     -
 Of which SA/simplified supervisory formula
 approach (SSFA)                                          341 094             348 245            36 668            341 094            348 245           36 668          341 094            348 245                36 668
 Market risk                                               44 355              47 306             4 768             44 355             47 306            4 768            2 857              3 634                   307
 Of which standardised approach (SA)                       44 355              47 306             4 768             44 355             47 306            4 768            2 857              3 634                   307
 Of which internal model approaches (IMM)                       -                   -                 -                  -                  -                -                -                  -                     -
 Operational risk                                       1 289 913           1 289 913           138 666            807 387            807 387           86 794          607 948            607 948                65 354
 Of which Basic Indicator Approach                      1 289 913           1 289 913           138 666            807 387            807 387           86 794          607 948            607 948                65 354
 Of which standardised approach                                 -                   -                 -                  -                  -                -                -                  -                     -

 Of which Advanced Measurement Approach                          -                   -               -                   -                  -                -               -                    -                     -
 Amounts below the thresholds for deduction
 (subject to 250% risk weight)                             399 682            401 373          42 966            290 041            289 383            31 179                -                   -                     -
 Floor adjustment                                          402 759            386 401          43 297            316 692            321 525            34 044          222 249             231 845                23 892
 Total                                                   8 337 306          8 178 325         896 262          6 898 731          6 783 571           741 613        5 757 299           5 614 609               618 910
* 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
                                                              March            December                                 March           December                       March       December
                                                             2017 (T)          2016 (T-1)                              2017 (T)         2016 (T-1)                    2017 (T)     2016 (T-1)
 Qualifying capital and reserves
 Tier 1 capital                                            1 439 385            1 466 746                            1 140 167           1 137 274                       945 044     956 679
 Common equity tier 1 capital                              1 345 342            1 353 894                            1 140 167           1 137 274                       945 044     956 679
 Share capital and premium                                   144 327              144 327                              463 476             463 476                       463 476     463 476
 Distributable reserves and other                          1 153 519            1 150 068                              631 473             617 388                       410 995     410 998
 Prescribed deductions and non-qualifying
 reserves                                                     58 944               70 169                                65 214             76 669                        70 573      82 205
 Intragroup investments                                      -11 448              -10 670                               -19 996            -20 259                             -           -
 Additional tier 1 capital

 Non-redeemable preference share capital                      94 043              112 852                                    -                   -                             -           -
 Tier 2 capital                                               25 577               31 724                               28 432              36 731                        24 827      33 570
 Sub-ordinated debt                                            6 140               12 982                                8 995              17 989                         8 995      17 989
 General allowance for credit impairment                      19 437               18 742                               19 437              18 742                        15 832      15 581
 Total qualifying capital and reserves                     1 464 962            1 498 470                            1 168 599           1 174 005                       969 871     990 249
 Minimum required capital and reserves                       896 262              848 500                              741 613             703 795                       618 910     582 517

 Capital adequacy ratios
 Tier 1 capital (%)                                           17.264               17.935                               16.527              16.765                        16.415      17.039
 Common equity tier 1 (%)                                     16.136               16.555                               16.527              16.765                        16.415      17.039
 Additional tier 1 (%)                                         1.128                1.380                                0.000               0.000                         0.000       0.000
 Tier 2 capital (%)                                            0.307                0.388                                0.412               0.541                         0.431       0.598
 Total capital adequacy ratio (%)                             17.571               18.323                               16.939              17.306                        16.846      17.637
 Minimum required capital adequacy ratio
 (%)                                                          10.750               10.375                               10.750              10.375                        10.750      10.375

 Leverage and liquidity coverage
 Total Exposures for Leverage disclosure                  12 357 405           11 694 980                           10 518 313           9 856 123                     7 797 907   6 995 420
 Leverage ratio (Total Tier 1 capital / Total
 exposures) (%)                                               11.648               12.542                               10.840              11.539                        12.119      13.676
 Minimum required Leverage Ratio (%)                           4.000                4.000                                4.000               4.000                         4.000       4.000
 Liquidity coverage ratio (%)                                                                                                                                                137         279
 Benchmark liquidity coverage ratio (%)                                                                                                                                       80          70




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.


30 May 2017
Johannesburg

Lead Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Independent Sponsor
KPMG Services (Pty) Ltd

Date: 30/05/2017 10:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story