Merkanti Bank (formerly MFC Merchant Bank Ltd., formerly BAWAG Malta Bank) is a specialized in trade and structured finance, factoring and forfaiting. Merkanti Bank started its operation in February 2016. Merkanti Bank is a subsidiary of Scully Royalty Ltd., a NYSE-listed company.
Merkanti Bank Limited is the 20th largest bank in Malta in terms of total assets. In 2018 its total assets were 17,00 mln EUR, providing the bank with the market share of 0.06%. In 2018 the bank's profit before taxes was 620 000,00 EUR. Merkanti Bank Limited had 8 employees in 2015.
Merkanti Bank Limited participates in the deposit guarantee scheme of Malta. This deposit guarantee scheme applies to most types of deposits made by natural persons (Maltese and foreign), legal entities (Maltese and foreign) and covers up to up to 100,000 EUR per bank per depositor. Merkanti Bank Limited is a member of Depositor Compensation Scheme (DCS) and makes its contributions into it.
Merkanti Bank Limited is headquartered in Sliema.