| Fri 6 Mar 2009, 11:03 | | MTL - Mercantile - Disclosure In Terms Of Regulation 43 Of The Banks Act |
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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") at December 2008 are set out below.
December 2008
Group Bank
R`000 R`000
Total primary capital 1,107,855 1,157,213
Total secondary capital 50,581 18,418
Total regulatory capital 1,158,436 1,175,631
Primary capital adequacy ratio (%) 26.23 26.89
Secondary capital adequacy ratio 1.19 0.43
(%)
Total capital adequacy ratio (%) 27.42 27.32
Total capital requirement 401,311 408,862
B. Risk exposure
The Regulations also require details of any risk exposure or other item that is
subject to rapid or material change.
The current difficult global economic conditions are expected to have an
increasingly negative impact on the South African economy. These conditions are
expected to result in an increase in business defaults.
C. Bi-annual disclosure
In addition, the Regulations require bi-annual qualitative and quantitative
disclosure to the public. This disclosure is available on the Group`s website:
www.mercantile.co.za
Johannesburg
6 March 2009
Sponsor: Bridge Capital Advisors (Pty) Limited
Bridge Capital Advisors (Pty) Limited
Date: 06/03/2009 11:03:36 Produced by the JSE SENS Department.
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