| Wed 1 Sep 2010, 11:52 | | MTL - Mercantile Bank Holdings Limited - Disclosure in terms of regulation 43 of |
|
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
("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 qualifying capital position of the Group and of Mercantile
Bank Limited ("Bank") at 30 June 2010 is set out below.
June 2010
Group Bank
R`000 R`000
Total primary capital 1,207,158 1,234,350
Total secondary capital 52,869 16,300
Total regulatory capital 1,260,027 1,250,650
Primary capital adequacy ratio (%) 22.35 23.30
Secondary capital adequacy ratio (%) 0.98 0.30
Total capital adequacy ratio (%) 23.33 23.60
Total capital requirement (@ 9.5%) 513,010 503,357
B. 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
1 September 2010
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 01/09/2010 11:52:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
