MERKANTI BANK LIMITED

Anna Mileiko Created by Anna Mileiko

MERKANTI BANK LIMITED Logo

Address

LEVEL 7 ARAGON HOUSE BUSINESS CENTRE TRIQ DRAGONARA, SLM 1640, SAN GILJAN, Malta

BIC

BAWAMTM3XXX

Overview

Category

Commercial banks

Business Focus

corporate banking

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.

Performance

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.

Deposit Protection

Deposits up to 100,000 EUR are covered by Maltese deposit guarantee scheme in MERKANTI BANK LIMITED.

Services

trade finance
structured finance
factoring and forfaiting
inventory finance
bank guarantees

Clients

international companies

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Financials

Total Assets of MERKANTI BANK LIMITED
Market Share of MERKANTI BANK LIMITED
Total Assets (2020)
40.61 mln EUR   (+11.74%)
Number of Employees (2015)

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.

Deposit Guarantee

Guarantee Fund
Depositor Compensation Scheme (DCS)Depositor Compensation Scheme (DCS)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Maltese and foreign)
legal entities (Maltese and foreign)
Covered Accounts
most types of deposits

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.

See Also

Contacts

addressLEVEL 7 ARAGON HOUSE BUSINESS CENTRE TRIQ DRAGONARA, SLM 1640, SAN GILJAN, Malta
phone+356 23 286 000
fax+356 21 315 147
Website Languages
GBEnglish

MERKANTI BANK LIMITED is headquartered in SAN GILJAN.

Bank Identifiers

BIC (SWIFT)
BAWAMTM3XXX
LEI
5299000F1CGJQ8NAXQ58
MFI ID
MTCIMFCB

Bank History

Previous Name
BAWAG Malta Bank Ltd
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