| Mon 24 May 2010, 15:48 | | MTL - Mercantile Bank Holdings Limited - Unaudited Disclosure in Terms of |
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MTL
MTL
MTL - Mercantile Bank Holdings Limited - 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
("the Group")
UNAUDITED 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 31 March 2010 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,199,284 1,217,500
Total secondary capital 51,774 19,612
Total regulatory capital 1,251,058 1,237,112
Primary capital adequacy ratio 23.59 24.42
(%)
Secondary capital adequacy 1.02 0.39
ratio (%)
Total capital adequacy ratio 24.61 24.81
(%)
Total capital requirement (@ 482,898 473,634
9.5%)
Johannesburg
24 May 2010
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 24/05/2010 15:48:06 Produced by the JSE SENS Department.
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