| Wed 23 Mar 2011, 9:12 | | 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 31 December 2010 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,246,754 1,276,395
Total secondary capital 43,006 5,161
Total regulatory capital 1,289,760 1,281,556
Primary capital adequacy ratio (%) 22.68 23.67
Secondary capital adequacy ratio (%) 0.78 0.10
Total capital adequacy ratio (%) 23.46 23.77
Total capital requirement (@ 9.5%) 522,223 512,181
Johannesburg
23 March 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 23/03/2011 09:12:29 Produced by the JSE SENS Department.
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