| Tue 23 Aug 2011, 12:32 | | 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 RELATING TO BANKS ISSUED UNDER
SECTION 90 OF THE BANKS ACT, NO 94 OF 1990, AS AMENDED ("REGULATION 43")
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 30 June 2011 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,309,463 1,336,762
Total secondary capital 32,282 5,043
Total regulatory capital 1,341,745 1,341,805
Primary capital adequacy ratio (%) 25.27 26.33
Secondary capital adequacy ratio (%) 0.63 0.10
Total capital adequacy ratio (%) 25.90 26.43
Total capital requirement (@ 9.5%) 492,221 482,272
Bi-annual disclosure
In addition, Regulation 43 requires bi-annual qualitative and quantitative
disclosure to the public. This disclosure is available on the Group`s website:
www.mercantile.co.za
Johannesburg
23 August 2011
Sponsor: Bridge Capital Advisors (Pty) Ltd
Date: 23/08/2011 12:32:02 Produced by the JSE SENS Department.
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