Meinl Bank is an Austrian private bank, providing private, investment and institutional banking products and services.
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.
MEINL BANK AG is headquartered in Wien.
The range of products offered by MEINL BANK AG includes time deposit accounts (0.42 - 0.65 %).
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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 22 February 2019
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|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.
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.
|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%|
|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.
|Table 2. Recent changes in total liabilities of MEINL BANK AG (mln EUR).|
|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.
|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.
Chart 2. Net Income of MEINL BANK AG.
|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.
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-|
|Short-Term Issuer Default Rating||B|
|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).
|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|
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.
|Bank BIC Code||MEIN|
|Country Code||AT (Austria)|
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.
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 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.
The following banks operating under Meinl Bank brand name has been recently closed down: