| Mon 14 Nov 2011, 16:13 | | MTL - Mercantile Bank Holdings Limited - Unaudited disclosure in terms of |
|
MTL
MTL
MTL - Mercantile Bank Holdings Limited - Unaudited disclosure in terms of
Regulation 43 relating to Banks issued under Section 90 of the banks Act, No
94 of 1990, as amended
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 September 2011 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,338,203 1,365,726
Total secondary capital 31,725 3,720
Total regulatory capital 1,369,928 1,369,446
Primary capital adequacy ratio (%) 25.50 26.54
Secondary capital adequacy ratio (%) 0.60 0.07
Total capital adequacy ratio (%) 26.10 26.61
Total capital requirement (@ 9.5%) 498,573 488,875
Johannesburg
14 November 2011
Sponsor: Bridge Capital Advisors (Pty) Ltd
Date: 14/11/2011 16:13:02 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.
