| Tue 16 Nov 2010, 7:05 | | 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 of the Banks Act, 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 2010 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,222,471 1,250,662
Total secondary capital 52,275 15,706
Total regulatory capital 1,274,746 1,266,368
Primary capital adequacy ratio (%) 22.25 23.20
Secondary capital adequacy ratio (%) 0.95 0.29
Total capital adequacy ratio (%) 23.20 23.49
Total capital requirement (@ 9.5%) 521,948 512,220
Johannesburg
16 November 2010
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 16/11/2010 07:05:01 Produced by the JSE SENS Department.
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