23.06.2015 22:31:00

Mercantile Bank Limited -- Moody's affirms Mercantile Bank's Baa3.za/P-3.za national scale issuer ratings; outlook stable

Limassol, June 23, 2015 -- Moody's Investors Service has today affirmed Mercantile Bank Limited's Baa3.za/P-3.za national scale issuer ratings and changed the outlook to stable from negative. The ratings affirmation reflects the bank's (1) sound credit fundamentals and its satisfactory financial performance in 2014; (2) strong capitalisation; and (3) certain funding challenges, although on an improving trend.

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