MERKUR PRIVATBANK KGaA
MBK
ISIN DE0008148206 / Valor 982036
MERKUR PRIVATBANK KGaA
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About company
MERKUR PRIVATBANK KGaA is a German private bank offering a range of financial services to individuals and businesses.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Net Income Growth
In Q1 2024, MERKUR PRIVATBANK KGaA reported a net income of EUR 2.7 million, marking a 15% year-over-year increase. This result surpassed the forecasted EUR 2.3 million, indicating a strong start to the year for the bank.
Commission Income Surge
MERKUR PRIVATBANK KGaA experienced a significant boost in commission income during Q1 2024, with a 48% year-over-year increase to EUR 7.1 million. This performance was well above the forecasted EUR 5.4 million, driven by the bank's asset management business.
Loan Portfolio Growth
The bank's loan portfolio continued to grow in Q1 2024, albeit at a slower pace compared to 2023. The portfolio increased by 1% quarter-over-quarter and 21% year-over-year, reflecting a normalization after the strong growth seen in the previous year.
Assets Under Management
Assets under management (AuM) for MERKUR PRIVATBANK KGaA increased by 5% quarter-over-quarter to EUR 3.7 billion in Q1 2024. Year-over-year, AuM saw a 16% increase, contributing to the strong commission income growth.
Net Interest Margin Decline
MERKUR PRIVATBANK KGaA's net interest margin declined by 13 basis points quarter-over-quarter to 2.86% in Q1 2024. This was the lowest level since Q2 2022, reflecting the unsustainable high margin levels achieved during 2023.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
108 M
Market cap (USD)
368
Daily traded volume (Shares)
13.6 / 13.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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