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Quarterly report
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 December 2017
Sasfin Holdings Limited and Sasfin Bank Limited are required in terms of Regulation 43(1)(e)(ii) of the Banks Act, No 94 of 1990, as amended,
of South Africa, and Regulations, 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 2017 Integrated Report and the 2017 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 December 2017 are disclosed below.
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 Minimum
Risk Risk capital Risk Risk capital Risk Risk capital
weighted weighted requirements weighted weighted requireme weighted weighted requirements
assets assets * assets assets nts * assets assets *
December September December December September December December September December
Risk weighted assets 2017 (T) 2017 (T-1) 2017 (T) 2017 (T) 2017 (T-1) 2017 (T) 2017 (T) 2017 (T-1) 2017 (T)
Overview of Risk
weighted assets
Credit risk (excluding
counterparty credit
1 risk) (CCR) 5 806 734 5 713 985 624 224 5 109 823 4 929 537 549 306 4 482 369 4 284 253 481 855
Of which standardised
2 approach (SA) 5 806 734 5 713 985 624 224 5 109 823 4 929 537 549 306 4 482 369 4 284 253 481 855
Of which internal
rating-based (IRB)
3 approach - - - - - - - -
Counterparty credit
4 risk 175 710 45 126 18 889 175 710 45 126 18 889 175 474 44 037 18 863
Of which standardised
approach for
counterparty credit risk
5 (SA-CCR) 175 710 45 126 18 889 175 710 45 126 18 889 175 474 44 037 18 863
Of which internal
6 model method (IMM) - - - - - - - - -
Equity positions in
banking book under
market-based
7 approach - - - - - - - - -
Equity investments in
funds - look-through
8 approach - - - - - - - - -
Equity investments
in funds - mandate-
9 based approach - - - - - - - -
Equity investments in
funds - fall back
approach - - - - - - - - -
11 Settlement risk - - - - - - - - -
Securitisation
exposures in banking
12 book 608 814 309 511 65 448 608 814 309 511 65 448 608 814 309 511 65 448
Of which IRB ratings-
13 based approach (RBA) - - - - - - - - -
Of which IRB
Supervisory Formula
14 Approach (SFA) - - - - - - - - -
Of which SA/simplified
supervisory formula
15 approach (SSFA) 608 814 309 511 65 448 608 814 309 511 65 448 608 814 309 511 65 448
16 Market risk 5 200 36 410 559 5 200 36 410 559 3 824 3 922 411
Of which standardised
17 approach (SA) 5 200 36 410 559 5 200 36 410 559 3 824 3 922 411
Of which internal
model approaches
18 (IMM) - - - - - - - - -
19 Operational risk 1 433 563 1 371 421 154 108 910 156 858 963 97 842 704 246 651 421 75 706
Of which Basic
20 Indicator Approach 1 433 563 1 371 421 154 108 910 156 858 963 97 842 704 246 651 421 75 706
21 Of which standardised - - - - - - - - -
approach
Of which Advanced
Measurement
22 Approach - - - - - - - - -
Amounts below the
thresholds for
deduction (subject to
23 250% risk weight) 455 537 424 240 48 970 323 856 309 860 34 815 - - -
24 Floor adjustment 374 795 956 818 40 290 277 666 394 369 29 849 172 877 205 603 18 584
25 Total 8 860 353 8 857 511 952 488 7 411 225 6 883 776 796 708 6 147 604 5 498 747 660 867
* 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
December September December September December September
2017 (T) 2017 (T-1) 2017 (T) 2017 (T-1) 2017 (T) 2017 (T-1)
Qualifying capital and
reserves
Tier 1 capital 1 575 282 1 520 805 1 229 436 1 218 815 969 229 929 470
Common equity tier 1
capital 1 481 239 1 426 762 1 229 436 1 218 815 969 229 929 470
Share capital and premium 160 103 144 327 463 476 463 476 463 476 463 476
Distributable reserves and
other 1 301 379 1 229 443 742 540 717 579 452 207 410 999
Prescribed deductions and
non-qualifying reserves 19 757 57 038 35 300 50 606 53 546 54 995
Intragroup investments 0 -4 046 -11 880 -12 846 - -
Additional tier 1 capital
Non-redeemable preference
share capital 94 043 94 043 - - - -
Tier 2 capital 22 498 24 522 25 071 27 550 21 029 23 702
Sub-ordinated debt 6 422 5 967 8 995 8 995 8 995 8 995
General allowance for credit
impairment 16 076 18 555 16 076 18 555 12 034 14 707
Total qualifying capital and
reserves 1 597 780 1 545 327 1 254 507 1 246 365 990 258 953 172
Minimum required capital
and reserves 952 488 952 182 796 708 740 006 660 867 591 115
Capital adequacy ratios
Tier 1 capital (%) 17.779 17.170 16.589 17.706 15.766 16.903
Common equity tier 1 (%) 16.718 16.108 16.589 17.706 15.766 16.903
Additional tier 1 (%) 1.061 1.062 - - - -
Tier 2 capital (%) 0.254 0.277 0.338 0.400 0.342 0.431
Total capital adequacy ratio
(%) 18.033 17.447 16.927 18.106 16.108 17.334
Minimum required capital
adequacy ratio (%) 10.750 10.750 10.750 10.750 10.750 10.750
Leverage and liquidity
coverage
Total Exposures for
Leverage disclosure 13 333 085 13 046 766 11 478 432 10 641 153 7 873 029 7 539 579
Leverage ratio (Total Tier 1
capital / Total exposures)
(%) 11.815 11.657 10.711 11.454 12.311 12.328
Minimum required
Leverage Ratio (%) 4.000 4.000 4.000 4.000 4.000 4.000
Liquidity coverage ratio (%) 242 200
Benchmark liquidity
coverage ratio (%) 80 80
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.
The amounts highlighted in yellow cast, however due to the use of the round formula results in a marginal difference when multiplying total risk weighted assets by the
regulatory minimum percentage.
26 April 2018
Johannesburg
Sponsor
Sasfin Capital (a member of the Sasfin group)
Independent Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 26/04/2018 05:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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