MERKUR PRIVATBANK KGaA

Latest Results (12.06.2026):

MERKUR PRIVATBANK KGaA — Q4 2024 (full-year 2024 results): The bank reported full-year 2024 net profit of EUR 11.587m (up ~7.3% vs. 2023 EUR 10.795m) on total assets of EUR 4.042bn (up ~7.6% year‑on‑year). Net interest income was stable at EUR 95.877m while net commission income rose strongly to EUR 28.990m. Loans to customers and customer deposits both grew, equity increased to EUR 142.817m, and the bank maintained significant buffer items (Additional Tier 1, subordinated debt and a large fund for general banking risks).

Profitability

Profit for the year: EUR 11.587m (2023: EUR 10.795m), +≈7.3%. Result from ordinary activities: EUR 27.342m. Approximate return on equity (net profit / year‑end equity): ≈8.1% for 2024.

Net interest & commission

Net interest income: EUR 95.877m (flat vs. 2023). Interest income rose to EUR 190.231m (≈+29.7%) but interest expenses increased markedly to EUR 94.354m (≈+85%), leaving NII broadly unchanged. Net commission income increased to EUR 28.990m (from EUR 20.740m, ≈+39.8%).

Costs and impairments

Total administrative expenses including personnel and other admin: EUR 65.716m; depreciation EUR 1.606m; other operating expenses and profit shares ~EUR 6.786m. Loan impairments and provisioning: EUR 9.856m (up from EUR 8.115m). Transfer to fund for general banking risks: EUR 18.000m (vs. EUR 17.000m).

Balance sheet size and lending

Total assets: EUR 4.0415bn (31 Dec 2024) up ≈7.6% y/y. Loans and advances to customers: EUR 3.3060bn (≈+5.9% y/y). Customer deposits: EUR 3.3605bn (≈+7.0% y/y). Cash and central bank balances: EUR 33.172m.

Capital and liquidity

Equity (total shareholders’ equity): EUR 142.817m (up ≈6.8% y/y). Additional Tier 1 capital: EUR 46.689m. Subordinated liabilities: EUR 57.132m. Fund for general banking risks: EUR 91.885m. These items indicate meaningful capital and technical buffers.

Credit exposure & contingent commitments

Contingent liabilities (sureties/guarantees): EUR 113.409m. Irrevocable lending commitments: EUR 88.598m. Write‑downs and provisioning (EUR 9.856m) rose modestly versus prior year, reflecting continued attention to credit risk.

Key takeaways

MERKUR PRIVATBANK’s 2024 results show modest profit growth, stable net interest income despite a large rise in interest expenses (offset by higher interest income), strong commission growth, balance sheet expansion in both loans and deposits, and continued strengthening of risk buffers and capital reserves.