MEINL BANK AG

Meinl Bank is an Austrian private bank, providing private, investment and institutional banking products and services.

Bank Category

Joint stock banks and private banks

Products

Financials

Total Assets (2017)
273.50 mln EUR  (-11.28%)
Net Income (2017)
-37 364 000.00 EUR  (+5.70%)

In 2017 total assets of MEINL BANK AG were 273,50 mln EUR. In 2017 the bank's net income was -37,36 mln EUR.

MEINL BANK AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative).

MEINL BANK AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Bauernmarkt, 2, 1010, Wien, Austria
99
01/53188
01/5318844

MEINL BANK AG is headquartered in Wien.

Bank Identifiers

BIC (SWIFT)
MEINATWWXXX
MFI ID
AT0000003881495
Bank Sort Code
19240
Company Number
77279x
Established On
26 February 1987

Business Summary

The range of products offered by MEINL BANK AG includes time deposit accounts (0.42 - 0.65 %).

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with MEINL BANK AG are covered by deposit guarantee scheme of Austria up to 100 000 EUR per depositor. MEINL BANK AG offers the following time deposit accounts.

Updated on 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.42 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.42 %
Deposit Term (months)
6
Investment Amount
5000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.65 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.65 %
Deposit Term (months)
12
Investment Amount
5000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
273.50 mln EUR  (-11.28%)

In 2017 total assets of MEINL BANK AG were 273.50 mln EUR. Decline compared to the previous period (2016) was -11.28%. The evolution of the total assets of MEINL BANK AG is shown at Chart 1 below.

Total Assets of MEINL BANK AG.

Chart 1. Total Assets of MEINL BANK AG.

Recent changes in total assets of MEINL BANK AG and its main components are shown in Table 1.

2016 2017 % change
Loans to banks 42.6 15.5 -63.61%
Loans to customers 111.9 75.7 -32.33%
Bonds and other fixed-income securities 1.1 15.9 +1 325.85%
Shares and other variable-yield securities 6.9 17.2 +150.57%
Total Assets 308.3 273.5 -11.28%
Table 1. Recent changes in total assets of MEINL BANK AG (mln EUR).

Recent changes in total liabilities of MEINL BANK AG and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 18.6 32.2 +72.98%
Customer deposits 224.0 175.3 -21.75%
Total Liabilities 308.3 273.5 -11.28%
Table 2. Recent changes in total liabilities of MEINL BANK AG (mln EUR).

Profit and Loss

Operating Income (2017)
29.95 mln EUR  (+67.10%)
Net Income (2017)
-37 364 000.00 EUR  (+5.70%)

Recent changes in gross profit of MEINL BANK AG and its main components are shown in Table 3.

2016 2017 % change
Commission Income 10.6 4.9 -53.23%
Commission Charges -1.9 -1.9 +0.53%
Interest Income 5.6 4.2 -25.27%
Interest Charges -1.0 -0.9 -7.54%
Net Interest Income 4.6 3.3 -29.15%
Table 3. Recent changes in gross profit of MEINL BANK AG (mln EUR).

In 2017 net income of MEINL BANK AG was -37 364 000.00 EUR. Growth compared to the previous period (2016) was 5.70%. The evolution of the net income of MEINL BANK AG is shown at Chart 2 below.

Net Income of MEINL BANK AG.

Chart 2. Net Income of MEINL BANK AG.

Market Share and Rank (among banks in Austria)

Total Assets (2015)
161st (market share 0.05%)

In 2015 MEINL BANK AG was ranked the 161st largest bank in Austria in terms of total assets, having 0.05% of the domestic market share.

Market share of MEINL BANK AG (among banks in Austria)

Chart 3. Market share of MEINL BANK AG (among banks in Austria)

Several banks having the market shares and ranks closest to MEINL BANK AG are shown below.

RankNameTotal AssetsMarket Share
160Raiffeisenbank Region Schallaburg eGen411.75 mln EUR0.05%
161MEINL BANK AG410.41 mln EUR0.05%
162Raiffeisenbank Weiz-Anger eGen409.02 mln EUR0.05%
 

Market Share and Rank (among Joint stock banks and private banks in Austria)

Total Assets (2015)
29th (market share 0.17%)

In 2015 MEINL BANK AG was ranked the 29th largest joint stock bank and private bank in Austria in terms of total assets, having 0.17% of the category's market share.

Market share of MEINL BANK AG (among Joint stock banks and private banks in Austria)

Chart 4. Market share of MEINL BANK AG (among Joint stock banks and private banks in Austria)

Several joint stock banks and private banks having the market shares and ranks closest to MEINL BANK AG are shown below.

RankNameTotal AssetsMarket Share
28Deutsche Bank Österreich AG539.96 mln EUR0.23%
29MEINL BANK AG410.41 mln EUR0.17%
30Valartis Bank (Austria) AG (closed)348.09 mln EUR0.15%
 

Credit Ratings (as of May 2018)

Fitch Moody's
B- (highly speculative) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. MEINL BANK AG is rated by Fitch.

Credit ratings assigned to MEINL BANK AG as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for MEINL BANK AG it is set to B- (highly speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for MEINL BANK AG is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  B-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  b-
Support Rating  5
Support Rating Floor  NF

Viability rating for MEINL BANK AG is set to b- (highly speculative fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

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 Austria are obliged to participate in Austrian deposit guarantee scheme.

In the case of MEINL BANK AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all balances on interest-bearing and non-interest bearing accounts
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

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 MEINL BANK AG and its components are shown in the table below.

BIC  MEINATWWXXX
Bank BIC Code  MEIN
Country Code  AT (Austria)
Location Code  WW
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 MEINL BANK AG is shown in the table below.

MFI ID  AT0000003881495

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  19240

In Austria the code consists of five digits.


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  77279x

Defunct Banks: 1 bank in 1 country

The following banks operating under Meinl Bank brand name has been recently closed down:

Czech Republic