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Mercantile Bank Holdings Limited - Company Profile Snapshot

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Company Profile: Mercantile Bank Holdings Limited
Ticker: MTL
Exchanges: JNB
2008 Sales: 931,620,000
Major Industry: Financial
Sub Industry: Commercial Banks
Country: SOUTH AFRICA
Employees: 445

Business Description
Mercantile Bank Holdings Limited. The Group's principal activity is providing a range of international and domestic banking services. It has four business segments, Retail Banking, Alliance Banking, MBL Credit Card and Structured Loans, Treasury, and Support and Other Services. Retail Banking provides banking, investment and other financial services offered to banking customers. Alliance Banking, MBL Credit Card and Structured Loans provides car processing services and structured loans offered to banking customers. Treasury manages internal liquidity as well as serving retail and alliance banking customers. Support and Other Services supports services for the segments of the Group as well as collections, specialised asset finance, insurance brokers inter-group eliminations and International Financial Reporting Standards (IFRS) adjustments.

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