MTL - Mercantile - Quarterly Disclosure On Basel II Capital Adequacy
MTL
MTL
MTL - Mercantile - Quarterly Disclosure On Basel II Capital Adequacy
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000164/06)
Share code: MTL & ISIN: ZAE000064721
("Mercantile" or "the Group")
QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY
Mercantile and Mercantile Bank Limited ("the Bank") has complied with Basel II
since 1st January 2008. In terms of Pillar 3 under Basel , the Group is required
to disclose quantitative information on its capital adequacy ratios on a
quarterly basis.
The consolidated capital position of the Group and the capital position of the
Bank at the end of the first quarter are set out below.
March 2008
Group Bank
R`000 R`000
Total primary capital 819 642 858 425
Total secondary capital 60 552 33 734
Total regulatory capital 880 194 892 159
Capital adequacy ratio
Primary capital (%) 22.8 23.3
Secondary capital (%) 1.7 0.9
Total (%) 24.5 24.2
Total capital requirement
in terms of Basel 341 758 349 816
In addition, the Regulations require details of any risk exposure or other item
that is subject to rapid or material change. The current high interest rate
environment with anticipated further increases in rates is expected to have an
adverse impact on consumer and business credit risk.
Johannesburg
6 June 2008
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 06/06/2008 09:19:02 Produced by the JSE SENS Department.
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