| Fri 23 Mar 2012, 12:58 | | 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 relating to Banks issued under Section 90 of the Banks Act, No 94
of 1990, as amended ("REGULATION 43")
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")
A 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 31 December 2011 is set out below.
Group Bank
R`000 R`000
Total primary capital 1,325,848 1,410,687
Total secondary capital 34,692 3,509
Total regulatory capital 1,360,540 1,414,196
Primary capital adequacy ratio (%) 23.49 25.50
Secondary capital adequacy ratio (%) 0.61 0.06
Total capital adequacy ratio (%) 24.10 25.56
Total capital requirement (@ 9.5%) 536,224 525,552
B. Bi-annual disclosure
In addition, the Regulations require bi-annual qualitative and quantitative
disclosure to the public. This disclosure is available on the Group`s
website: www.mercantile.co.za
Johannesburg
23 March 2012
Sponsor: Bridge Capital Advisors (Pty) Ltd
Date: 23/03/2012 12:58:01 Produced by the JSE SENS Department.
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