MFC Merchant Bank Limited (formerly BAWAG Malta Bank Ltd)

MFC Merchant Bank Ltd. (formerly BAWAG Malta Bank) is a specialized in trade and structured finance, factoring and forfaiting. The bank started its operation in February 2016. MFC Merchant Bank Ltd. is a subsidiary of MFC Bancorp Ltd., Canadian supply chain and finance company.

Services

Trade Finance
Structured Finance
Factoring and Forfaiting

Financials

Total Assets (2017)
15.00 mln EUR  (-71.70%)
Profit before Taxes (2017)
1.00 mln EUR 
Number of Employees (2015)

MFC Merchant Bank Limited is the 20th largest bank in Malta in terms of total assets. In 2017 its total assets were 15,00 mln EUR, providing the bank with the market share of 0.06%. In 2017 the bank's profit before taxes was 1,00 mln EUR. MFC Merchant Bank Limited had 8 employees in 2015.

MFC Merchant Bank Limited participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

The Plaza Commercial Centre, Level 4, Suite 7, Bisazza Street, SLM 1640, Sliema, Malta
+356 23 286 000
+356 21 315 147

MFC Merchant Bank Limited is headquartered in Sliema.

Bank Identifiers

BIC (SWIFT)
BAWAMTM3XXX
MFI ID
MTCIMFCB

Business Summary

Services
trade finance
structured finance
factoring and forfaiting

MFC Merchant Bank Limited provides products and services in the areas of trade finance, structured finance, factoring and forfaiting.

Financial Positions

Total Assets (2017)
15.00 mln EUR  (-71.70%)

In 2017 total assets of MFC Merchant Bank Limited were 15.00 mln EUR. Decline compared to the previous period (2016) was -71.70%. The evolution of the total assets of MFC Merchant Bank Limited is shown at Chart 1 below.

Total Assets of MFC Merchant Bank Limited.

Chart 1. Total Assets of MFC Merchant Bank Limited.

Profit and Loss

Profit before Taxes (2017)
1.00 mln EUR 
Annual Profit (2016)
1.00 mln EUR 

Recent changes in gross profit of MFC Merchant Bank Limited and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 1 000 000.0 0.0
Net Commission Income 1 000 000.0 2 000 000.0 +100.00%
Table 1. Recent changes in gross profit of MFC Merchant Bank Limited ( EUR).

In 2017 profit before taxes of MFC Merchant Bank Limited was 1.00 mln EUR. The value didn't change compared to the previous period (2016). The evolution of the profit before taxes of MFC Merchant Bank Limited is shown at Chart 2 below.

Profit before Taxes of MFC Merchant Bank Limited.

Chart 2. Profit before Taxes of MFC Merchant Bank Limited.

In 2016 annual profit of MFC Merchant Bank Limited was 1.00 mln EUR. The value didn't change compared to the previous period (2015). The evolution of the annual profit of MFC Merchant Bank Limited is shown at Chart 3 below.

Annual Profit of MFC Merchant Bank Limited.

Chart 3. Annual Profit of MFC Merchant Bank Limited.

Number of Employees

Number of Employees (2015)

In 2015 there were 8 employees of MFC Merchant Bank Limited. The value didn't change compared to the previous period (2014). The evolution of the number of employees of MFC Merchant Bank Limited is shown at Chart 4 below.

Number of Employees of MFC Merchant Bank Limited.

Chart 4. Number of Employees of MFC Merchant Bank Limited.

Market Share and Rank (among banks in Malta)

Total Assets (2017)
20th (market share 0.06%)

In 2017 MFC Merchant Bank Limited was ranked the 20th largest bank in Malta in terms of total assets, having 0.06% of the domestic market share.

Market share of MFC Merchant Bank Limited (among banks in Malta)

Chart 5. Market share of MFC Merchant Bank Limited (among banks in Malta)

Several banks having the market shares and ranks closest to MFC Merchant Bank Limited are shown below.

RankNameTotal AssetsMarket Share
17Novum Bank Limited89.00 mln EUR0.33%
18FCM Bank Ltd70.00 mln EUR0.26%
19AgriBank PLC35.00 mln EUR0.13%
20MFC Merchant Bank Limited15.00 mln EUR0.06%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

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

All credit institutions operating in Malta, except for branches of non-EEA banks, are obliged to participate in Maltese deposit guarantee scheme.

In the case of MFC Merchant Bank Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  most types of deposit are covered, including current, deposit and savings accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  in the same currency as the deposit

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of MFC Merchant Bank Limited and its components are shown in the table below.

BIC  BAWAMTM3XXX
Bank BIC Code  BAWA
Country Code  MT (Malta)
Location Code  M3
Branch Code  XXX

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.

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.

MFI ID of MFC Merchant Bank Limited is shown in the table below.

MFI ID  MTCIMFCB

Domestic Presence

Branches (2015)

In 2015 MFC Merchant Bank Limited had 1 branches in Malta. The value didn't change compared to the previous period (2014).