| Fri 12 Mar 2010, 7:05 | | MTL - Mercantile Bank Holdings - Unaudited disclosure in terms of regulation 43 |
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MTL
MTL
MTL - Mercantile Bank Holdings - Unaudited 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")
UNAUDITED 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 31 December 2009 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,198,110 1,225,749
Total secondary capital 55,900 19,331
Total regulatory capital 1,254,010 1,245,080
Primary capital adequacy ratio (%) 25.11 25.07
Secondary capital adequacy ratio (%) 1.17 0.40
Total capital adequacy ratio (%) 26.28 25.47
Total capital requirement (@ 9.5%) 453,246 464,390
B. Bi-annual disclosure
In addition, Regulation 43 requires bi-annual qualitative and quantitative
disclosure to the public. This disclosure is available on our website:
www.mercantile.co.za.
Johannesburg
12 March 2010
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 12/03/2010 07:05:03 Produced by the JSE SENS Department.
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