MERKUR PRIVATBANK KGaA

Latest Results (22.12.2025):

MERKUR PRIVATBANK KGaA — full year (Q4) 2024 (year ended 31 December 2024): the bank reported consolidated total assets of €4.042 billion (up ~7.6% year‑on‑year) and a profit for the year of €11.587 million (up ~7.3% y/y). Net interest income was essentially flat at €95.88 million, while net commission income rose strongly. Risk charges and a higher transfer to the fund for general banking risks weighed on the operating result, but equity increased to €142.817 million.

Key balance‑sheet growth

Total assets: €4,041.52m (2024) vs €3,756.70m (2023), +7.6%. Loans and advances to customers: €3,306.01m vs €3,121.86m, +5.9%. Customer deposits (liabilities to customers): €3,360.52m vs €3,139.89m, +7.0% — showing continued deposit growth and funding stability.

Profitability

Profit for the year: €11.587m (2024) vs €10.795m (2023), +7.3%. Result from ordinary activities: €27.342m vs €26.890m. The bank delivered a small rise in net profit despite higher costs and risk charges.

Interest income and margin dynamics

Interest income from lending and money market transactions: €190.23m (2024) vs €146.45m (2023), +29.9%. Interest expenses rose sharply to €94.35m from €50.97m (+85.1%), leaving net interest income effectively unchanged at €95.88m (+0.1%).

Fee business

Net commission income: €28.99m (2024) vs €20.74m (2023), +39.8% — a material contributor to operating income growth and diversification beyond interest earnings.

Costs and operating items

General administrative expenses: €65.716m (2024) vs €60.232m (2023). Personnel expenses increased to €40.700m. Depreciation and other operating expenses rose modestly, reflecting business expansion and higher operating activity.

Risk provisioning and prudential measures

Write‑downs and impairments of loans and allocations for lending business: €9.856m vs €8.115m, +21.5%. Transfer to fund for general banking risks: €18.00m vs €17.00m, +5.9% — indicating a cautious stance on credit and structural risk coverage.

Capital and solvency signal

Total equity: €142.817m (2024) vs €133.733m, +6.8%. Additional Tier 1 capital increased to €46.689m and the fund for general banking risks stands at €91.885m, supporting the bank’s capital base.