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MTL
MTL
MTL - Mercantile - Disclosure in terms of regulation 43 of The Banks Act
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")
DISCLOSURE IN TERMS OF REGULATION 43 OF THE BANKS ACT
A. Quarterly disclosure - Capital adequacy
In terms of Regulation 43, 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
Mercantile Bank Limited ("the Bank") for June and September 2008 are set out
below.
June 2008 September 2008
Group Bank Group Bank
R`000 R`000 R`000 R`000
Total primary capital 859 068 879 092 891 439 923 315
Total secondary capital 64 047 38 428 66 628 39 810
Total regulatory capital 923 115 917 519 958 067 963 125
Primary capital adequacy 23.24 23.18 23.23 23.54
ratio (%)
Secondary capital adequacy 1.73 1.01 1.74 1.01
ratio (%)
Total capital adequacy ratio 24.97 24.19 24.97 24.55
(%)
Total capital requirement 351 175 360 282 364 543 372 633
B. Risk exposure
The Regulations also require details of any risk exposure or other item that is
subject to rapid or material change.
The recent volatility of the South African Rand has not impacted the Group as
limited daily net open foreign currency positions are maintained. The impact has
however been on the client base of the Group as margin requirements on their
foreign exchange trading have increased significantly.
C. Bi-annual disclosure
In addition, the Regulations require bi-annual qualitative and quantitative
disclosure to the public. This disclosure is available on our website:
www.mercantile.co.za
Johannesburg
3 November 2008
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 03/11/2008 12:37:03 Produced by the JSE SENS Department.
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