Merkur Bank

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The Merkur Bank KGaA is a German private bank headquartered in Munich.

Video Merkur Bank

History

In 1959 the company Merkur Bank Horowicz KG was founded by Zanwel Horowicz, Motek and Hela Horowicz. Back then its business was limited to the sales of medals and currencies. In 1986 a group of investors under the leadership of the Swabian company Siegfried Lingel acquired the Merkur Bank Horowicz KG and founded the Merkur Bank GmbH & Co. KG. From here on the Merkur Bank entered into the universal bank business, initially with a focus on financing building contractors.

In 1989 the bank acquired sections of the Bankhaus Sinzinger KG and extended its business to Ingolstadt. The expansion into the new states of Germany started in 1991 with the opening of a branch in Auerbach. In the following years the ban opened more banches in Treuen, Weimar, Jena, Markneukirchen and Plauen, as well as a representative office for building contractors in Stuttgart.

In November 1998 the bank was transformed into a KGaA (limited joint-stock partnership). Since 1999 the stock of the Merkur Bank is listed at the Bavarian stock market with the Wertpapierkennnummer (security identification number) 814820, since 2005 in the stock segment M:access. In the same year the Merkur Bank extended its business and offered leasing refinancing.

Since 2009 Merkur Bank offers not only accounts for private customers in their branches but also online. After initially only instant access savings accounts and term accounts were offered online, in 2012, the online range was extended by an online portfolio for private customers.

Maps Merkur Bank

Business

The Merkur Bank, as an owner managed private bank, is active in the business areas of financing and investments. While the bank only offers financing in its branches, private customers can open an instant access savings account, portfolio, term account or savings account online.

In the financing business area the Merkur Bank focusses on residential building projects by middle-sized building contractors which are situated in Munich and Stuttgart. In addition it focusses on middle class financing for companies in Bavaria, Saxony and Thuringia and as nationwide partner of middle-sized product leasing companies it also focusses on refinancing leasing.

Negativzinsen fÃ¼r Privatkunden! Was tun, wenn die Strafzinsen kommen?

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Deposit guarantee

For the Merkur Bank the legal deposit guarantee of up to 100.000 Euro per person is covered by the Entschädigungseinrichtung deutscher Banken GmbH, EdB (compensatory fund of German banks). In addition to this the bank is a member of the deposit guarantee fund of the Association of German Banks. The fund secures deposits of natural persons and private charities which exceed 100.000 Euro, per person an amount of up to 20 percent of the liable equity of the respective bank. In the case of the Merkur Bank KGaA the backup line amounts to 17 million Euro per customer.