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.
In 2020, MERKANTI BANK LIMITED achieved the position of 14th largest bank in Malta with a market share of 0.14%; its total assets grew by 11.74%.
Additionally, the bank became the 6th profitable bank in relation to its total assets showcasing 0.47% return on assets in 2020.
Deposits up to 100,000 EUR are covered by Maltese deposit guarantee scheme in MERKANTI BANK LIMITED.
MERKANTI BANK LIMITED is the 14th largest bank in Malta in terms of total assets. In 2020 its total assets were 40,61 mln EUR, providing the bank with the market share of 0.14%. MERKANTI BANK LIMITED had 8 employees in 2015.
MERKANTI BANK LIMITED participates in the deposit guarantee scheme of Malta which 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 SAN GILJAN.