|Address||1051, Hungary, Budapest, József Attila utca 8.|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
|Total Assets (2013)||927.91 mln EUR (+15.36%)|
|Total Equity (2013)||87.85 mln EUR (+4.00%)|
|Profit and Loss|
|Net Income (2013)||4.76 mln EUR (+1.39%)|
Any bank can be identified for different purposes and hence can have several different identifiers.
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.
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 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
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|
In 2013 total assets of Merkantil Bank Zrt. were 927.91 mln EUR. Growth compared to the previous period (2012) was 15.36%. The evolution of the total assets of Merkantil Bank Zrt. is shown at Chart 1 below.
Recent changes in total assets of Merkantil Bank Zrt. and its main components are shown in Table 1.
|Cash and deposits with Central Banks||1.2||1.7||+41.47%|
|Table 1. Recent changes in total assets of Merkantil Bank Zrt. (mln EUR).|
Recent changes in total liabilities of Merkantil Bank Zrt. and its main components are shown in Table 2.
|Deposits from other clients||130.1||132.1||+1.59%|
|Deposits from financial institutions||0.0||0.0||0.00%|
|Table 2. Recent changes in total liabilities of Merkantil Bank Zrt. (mln EUR).|
Recent changes in gross profit of Merkantil Bank Zrt. and its main components are shown in Table 3.
|Net Interest Income||38.4||39.3||+2.45%|
|Net Commission Income||-2.2||-3.3||+48.42%|
|Table 3. Recent changes in gross profit of Merkantil Bank Zrt. (mln EUR).|
In 2013 net income of Merkantil Bank Zrt. was 4.76 mln EUR. Growth compared to the previous period (2012) was 1.39%. The evolution of the net income of Merkantil Bank Zrt. is shown at Chart 2 below.