Merkantil Bank Zrt.

Contacts 
    Address  1051, Hungary, Budapest, József Attila utca 8.
Bank Identifiers 
    MFI ID  HU10433748
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Financial Positions 
    Total Assets (2013)  275.63 bln HUF ↑ (+17.23%)
    Total Equity (2013)  26 095.00 mln HUF ↑ (+5.69%)
Profit and Loss 
    Net Income (2013)  1 403.00 mln HUF ↓ (-1.54%)

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  HU10433748

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Hungary are obliged to participate in Hungarian deposit guarantee scheme.

In the case of Merkantil Bank Zrt. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Maximum Protected Amount  100 000 EUR
Paid In Currency  HUF

Further Information: Deposit Guarantee Scheme in Hungary

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  No
Exempt from MRR by ECB  No

Financial Positions

In 2013 total assets of Merkantil Bank Zrt. were 275.63 bln HUF. Growth compared to the previous period (2012) was 17.23%. The evolution of the total assets of Merkantil Bank Zrt. is shown at Chart 1 below.

Total Assets of Merkantil Bank Zrt..
Chart 1. Total Assets of Merkantil Bank Zrt..

Recent changes in total assets of Merkantil Bank Zrt. and its main components are shown in Table 1.

2012 2013 % Change
Cash and deposits with Central Banks 0.3 0.5 +43.77% ↑
Loans 209.4 214.2 +2.32% ↑
Total Assets 235.1 275.6 +17.23% ↑
Table 1. Recent changes in total assets of Merkantil Bank Zrt. (bln HUF).

Recent changes in total liabilities of Merkantil Bank Zrt. and its main components are shown in Table 2.

2012 2013 % Change
Deposits from other clients 38.0 39.2 +3.24% ↑
Deposits from financial institutions 0.0 0.0 0.00%
Total Liabilities 235.1 275.6 +17.23% ↑
Table 2. Recent changes in total liabilities of Merkantil Bank Zrt. (bln HUF).

Profit and Loss

Recent changes in gross profit of Merkantil Bank Zrt. and its main components are shown in Table 3.

2012 2013 % Change
Net Interest Income 11 647.0 11 587.0 -0.52% ↓
Interest Income 21 508.0 20 978.0 -2.46% ↓
Interest Charges -9 861.0 -9 391.0 -4.77% ↓
Net Commission Income -682.0 -983.0 +44.13% ↑
Table 3. Recent changes in gross profit of Merkantil Bank Zrt. (mln HUF).

In 2013 net income of Merkantil Bank Zrt. was 1 403.00 mln HUF. Decline compared to the previous period (2012) was -1.54%. The evolution of the net income of Merkantil Bank Zrt. is shown at Chart 2 below.

Net Income of Merkantil Bank Zrt..
Chart 2. Net Income of Merkantil Bank Zrt..

Related Information on Hungary

Economy and Banking Sector of Hungary

List of Banks in Hungary

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