| Thu 21 May 2009, 13:40 | | 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 ("Bank") at March 2009 is set out below.
March 2009
Group Bank
R`000 R`000
Total primary capital 1,136,657 1,171,553
Total secondary capital 51,681 19,518
Total regulatory capital 1,188,338 1,191,071
Primary capital adequacy ratio (%) 25.99 26.11
Secondary capital adequacy ratio (%) 1.18 0.43
Total capital adequacy ratio (%) 27.17 26.54
Total capital requirement 415,543 426,268
B. Risk exposure
The Regulations also require details of any risk exposure or other item that is
subject to rapid or material change.
The ongoing slow down in activity in the domestic economy is expected to result
in an increase in business defaults.
Johannesburg
21 May 2009
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 21/05/2009 13:40:01 Produced by the JSE SENS Department.
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