| Tue 17 Nov 2009, 9:27 | | MTL - Mercantile Bank Holdings Limited - Disclosure In Terms Of Regulation 43 Of |
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MTL
MTL
MTL - Mercantile Bank Holdings Limited - 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
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 30 September 2009 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,188,954 1,216,837
Total secondary capital 52,208 20,046
Total regulatory capital 1,241,162 1,236,883
Primary capital adequacy ratio (%) 26.35 26.31
Secondary capital adequacy ratio (%) 1.15 0.43
Total capital adequacy ratio (%) 27.50 26.74
Total capital requirement (@ 9.5%) 428,716 439,350
The information disclosed in this announcement has not been reviewed by or
reported on by the Group`s auditors.
Johannesburg
17 November 2009
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 17/11/2009 09:27:01 Produced by the JSE SENS Department.
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