| Wed 25 May 2011, 14:37 | | 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 March 2011 are set out below.
Group Bank
R`000 R`000
Total primary capital 1,271,358 1,297,714
Total secondary capital 30,378 4,416
Total regulatory capital 1,301,736 1,302,130
Primary capital adequacy ratio (%) 24.82 25.86
Secondary capital adequacy ratio (%) 0.59 0.09
Total capital adequacy ratio (%) 25.41 25.95
Total capital requirement (@ 9.5%) 486,639 476,669
Johannesburg
25 May 2011
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 25/05/2011 14:37:01 Produced by the JSE SENS Department.
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