Mercantil Bank (Schweiz) AG

Established in 1925, Mercantil Bank is a Venezuelan universal bank, providing a broad range of retail, private, corporate and investment banking products and services to natural persons and legal entities. Mercantil Bank (Schweiz) AG is focused on providing private banking and wealth management solutions.

Bank Category

Foreign-controlled banks

Financials

Total Assets (2017)
169.22 mln CHF  (-1.08%)
Number of Employees (2016)
20  (-3.85%)

In 2017 total assets of Mercantil Bank (Schweiz) AG were 169,22 mln CHF. Mercantil Bank (Schweiz) AG had 20 employees in 2016.

Mercantil Bank (Schweiz) AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.

Contacts

Talacker 42, 8036, Zürich, Switzerland
9758
0433 444 555
0433 444 550

Mercantil Bank (Schweiz) AG is headquartered in Zürich.

Bank Identifiers

BIC (SWIFT)
BAMRCHZZXXX
Company Number
CHE-106.287.817
Founded
2000

Financial Positions

Total Assets (2017)
169.22 mln CHF  (-1.08%)
Assets Under Management (2016)
575.40 mln CHF  (-15.93%)

In 2017 total assets of Mercantil Bank (Schweiz) AG were 169.22 mln CHF. Decline compared to the previous period (2016) was -1.08%. The evolution of the total assets of Mercantil Bank (Schweiz) AG is shown at Chart 1 below.

Total Assets of Mercantil Bank (Schweiz) AG.

Chart 1. Total Assets of Mercantil Bank (Schweiz) AG.

In 2016 assets under management of Mercantil Bank (Schweiz) AG were 575.40 mln CHF. Decline compared to the previous period (2015) was -15.93%. The evolution of the assets under management of Mercantil Bank (Schweiz) AG is shown at Chart 2 below.

Assets Under Management of Mercantil Bank (Schweiz) AG.

Chart 2. Assets Under Management of Mercantil Bank (Schweiz) AG.

Profit and Loss

Gross Profit (2016)
2.40 mln CHF  (+1 100.00%)
Annual Profit (2016)
2.80 mln CHF

In 2016 gross profit of Mercantil Bank (Schweiz) AG was 2.40 mln CHF. Growth compared to the previous period (2015) was 1 100.00%. The evolution of the gross profit of Mercantil Bank (Schweiz) AG is shown at Chart 3 below.

Gross Profit of Mercantil Bank (Schweiz) AG.

Chart 3. Gross Profit of Mercantil Bank (Schweiz) AG.

Recent changes in gross profit of Mercantil Bank (Schweiz) AG and its main components are shown in Table 1.

2015 2016 % change
Net Interest Income 5.8 3.1 -46.55%
Net Commission Income 3.8 3.9 +2.63%
Net Income from Trading Operations 0.5 0.5 0.00%
Net Income from Banking Operations 8.8 10.0 +13.64%
Gross Profit 0.2 2.4 +1 100.00%
Table 1. Recent changes in gross profit of Mercantil Bank (Schweiz) AG (mln CHF).

In 2016 annual profit of Mercantil Bank (Schweiz) AG was 2.80 mln CHF. Decline compared to the previous period (2015) was -800.00%. The evolution of the annual profit of Mercantil Bank (Schweiz) AG is shown at Chart 4 below.

Annual Profit of Mercantil Bank (Schweiz) AG.

Chart 4. Annual Profit of Mercantil Bank (Schweiz) AG.

Number of Employees

Number of Employees (2016)
20  (-3.85%)

In 2016 there were 20 employees of Mercantil Bank (Schweiz) AG. Decline compared to the previous period (2015) was -3.85%. The evolution of the number of employees of Mercantil Bank (Schweiz) AG is shown at Chart 5 below.

Number of Employees of Mercantil Bank (Schweiz) AG.

Chart 5. Number of Employees of Mercantil Bank (Schweiz) AG.

Market Share and Rank (among banks in Switzerland)

Total Assets (2016)
225th (market share 0.01%)

In 2016 Mercantil Bank (Schweiz) AG was ranked the 225th largest bank in Switzerland in terms of total assets, having 0.01% of the domestic market share.

Market share of Mercantil Bank (Schweiz) AG (among banks in Switzerland)

Chart 6. Market share of Mercantil Bank (Schweiz) AG (among banks in Switzerland)

Several banks having the market shares and ranks closest to Mercantil Bank (Schweiz) AG are shown below.

RankNameTotal AssetsMarket Share
224 Privatbank Von Graffenried AG173.02 mln CHF0.01%
225 Mercantil Bank (Schweiz) AG171.07 mln CHF0.01%
226 Mitsubishi UFJ Wealth Management Bank (Switzerland), Ltd. (closed)169.91 mln CHF0.01%
 

Market Share and Rank (among Foreign-controlled banks in Switzerland)

Total Assets (2016)
73rd (market share 0.07%)

In 2016 Mercantil Bank (Schweiz) AG was ranked the 73rd largest foreign-controlled bank in Switzerland in terms of total assets, having 0.07% of the category's market share.

Market share of Mercantil Bank (Schweiz) AG (among Foreign-controlled banks in Switzerland)

Chart 7. Market share of Mercantil Bank (Schweiz) AG (among Foreign-controlled banks in Switzerland)

Several foreign-controlled banks having the market shares and ranks closest to Mercantil Bank (Schweiz) AG are shown below.

RankNameTotal AssetsMarket Share
72 M.M. Warburg Bank (Schweiz) AG173.97 mln CHF0.07%
73 Mercantil Bank (Schweiz) AG171.07 mln CHF0.07%
74 Mitsubishi UFJ Wealth Management Bank (Switzerland), Ltd. (closed)169.91 mln CHF0.07%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 CHF 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 Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of Mercantil Bank (Schweiz) AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

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 Mercantil Bank (Schweiz) AG and its components are shown in the table below.

BIC  BAMRCHZZXXX
Bank BIC Code  BAMR
Country Code  CH (Switzerland)
Location Code  ZZ
Branch Code  XXX

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-106.287.817

European Presence: 3 banks in 3 countries

Mercantil Bank (Schweiz) AG operates under the brand name Mercantil Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Curacao

Switzerland

  •  (this bank) Mercantil Bank (Schweiz) AG (Zürich)