September 20, 2017 9:56 AM ET

Banks

Company Overview of Merkantil Bank Zrt.

Company Overview

Merkantil Bank Zrt., through its subsidiaries, provides banking and financial products and services in Hungary, Bulgaria, and Croatia. The company offers HUF and foreign currency loans for individuals, financing for the purchase of new and used vehicles for enterprises and municipalities; and financial services for car dealers. It also offers financing the means of production and real-estates. It also provides leasing services. The company was founded in 1988 and is based in Budapest, Hungary. Merkantil Bank Zrt. operates as a subsidiary of OTP Bank Plc.

József Attila utca 8.

Budapest,  1051

Hungary

Founded in 1988

357 Employees

Phone:

36 61 268 6868

Fax:

36 61 268 6880

Key Executives for Merkantil Bank Zrt.

President of the Board and Chief Executive Officer
Age: 65
Deputy Chief Executive Officer
Managing Director and Member of the Board of Directors
Age: 65
Compensation as of Fiscal Year 2017.

Merkantil Bank Zrt. Key Developments

Merkantil Group Reports Earnings Results for the Second Quarter and Six Months of 2016

Merkantil Group reported earnings results for the second quarter and six months of 2016. For the first half of 2016, the company reported after tax profit without the effect of adjustments of HUF 1,011 million against HUF 832 million a year ago. Profit before income tax was HUF 1,011 million against HUF 1,094 million a year ago. Operating profit was HUF 2,858 million against HUF 3,416 million a year ago. Net interest income was HUF 7,943 million against HUF 8,415 million a year ago. ROA was 0.6% against 0.5% a year ago. ROE was 9.3% against 8.7% a year ago. Total income was HUF 5,833 million against HUF 6,664 million a year ago. Second quarter of 2016 adjusted after tax profit represents HUF 510 million, almost flat on a quarter over quarter basis.

Merkantil Group Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Merkantil Group reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, after tax profit without the effect of adjustments was HUF 294 million against loss of HUF 1,056 million a year ago. Profit before income tax was HUF 353 million against loss of HUF 996 million a year ago. Operating profit was HUF 1,555 million against HUF 1,572 million a year ago. Total income was HUF 3,135 million against HUF 3,097 million a year ago. Net interest income was HUF 4,723 million against HUF 3,983 million a year ago. ROA was 0.4% against negative 1.3% a year ago. ROE was 6.4% against negative 20.2% a year ago. For the year, after tax profit without the effect of adjustments was HUF 1,625 million against loss of HUF 1,518 million a year ago. Profit before income tax was HUF 1,625 million against loss of HUF 1,518 million a year ago. Operating profit was HUF 6,678 million against HUF 5,900 million a year ago. Total income was HUF 13,062 million against HUF 11,972 million a year ago. Net interest income was HUF 17,736 million against HUF 15,490 million a year ago. ROA was 0.5% against negative 0.5% a year ago. ROE was 7.9% against negative 6.4% a year ago.

Merkantil Bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Merkantil Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the nine months, the company reported after tax profit without the effect of adjustments of HUF 1,331 million compared to loss of HUF 462 million a year ago. Profit before income tax was HUF 1,272 million compared to loss of HUF 522 million a year ago. Operating profit was HUF 5,123 million compared to loss of HUF 4,328 million a year ago. Total income was HUF 9,927 million compared to HUF 8,874 million a year ago. Net interest income was HUF 13,013 million compared to HUF 11,507 million a year ago. ROA was 0.6% compared to negative ROA of 0.2% a year ago. ROE was 10.2% compared to negative ROE of 2.5% a year ago. For the quarter, the company reported after tax profit without the effect of adjustments of HUF 499 million compared to loss of HUF 387 million a year ago. Profit before income tax was HUF 178 million compared to loss of HUF 327 million a year ago. Operating profit was HUF 1,706 million compared to HUF 1,465 million a year ago. Total income was HUF 3,263 million compared to HUF 2,982 million a year ago. Net interest income was HUF 4,599 million compared to HUF 3,887 million a year ago. ROA was 0.6% compared to negative ROA of 0.5% a year ago. ROE was 11.7% compared to negative ROE of 7.6% a year ago.

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