BSI Monaco SAM (formerly BSI SAM International Private Banking)

Founded in 1873 in Switzerland, BSI Bank is an international bank specializing in wealth management. Since 2015 BSI Bank is a member of BGT Pactual Group (Brazil). In 2017, BSI Monaco SAM was sold to EFG Bank (Monaco).

Business Focus
Wealth Management

BSI Monaco SAM was the 12th largest bank in Monaco in terms of total assets. In 2016 its total assets were 923,79 mln EUR, providing the bank with the market share of 2.07%.

Rank in Monaco
12th largest bank

Total Assets (2016)
923.79 mln EUR  (-10.52%)

BSI Monaco SAM participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Address
1 Avenue Saint Michel, 98000, Monaco, Monaco
BIC (SWIFT)
BSILMCMCXXX
MFI ID
FR11018
Close Date
31 August 2017

Financial Positions

Total Assets (2016)
923.79 mln EUR  (-10.52%)

In 2016 total assets of BSI Monaco SAM were 923.79 mln EUR. Decline compared to the previous period (2015) was -10.52%. The evolution of the total assets of BSI Monaco SAM is shown at Chart 1 below.

Total Assets of BSI Monaco SAM.

Chart 1. Total Assets of BSI Monaco SAM.

Market Position and Market Share (among banks in Monaco)

Total Assets (2016)
12th (market share 2.07%)

In 2016 BSI Monaco SAM was the 12th largest bank in Monaco in terms of total assets, having 2.07% of market share.

Market share of BSI Monaco SAM

Chart 2. Market share of BSI Monaco SAM

Several banks with market shares closest to BSI Monaco SAM are shown below.

RankNameTotal AssetsMarket Share
11 UNION BANCAIRE PRIVEE, UBP SA (new)1132.93 mln EUR2.54%
12 BSI Monaco SAM (closed)923.79 mln EUR2.07%
13 Banque européenne du crédit mutuel Monaco576.95 mln EUR1.29%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

Credit institutions operating in Monaco participate in French deposit guarantee scheme on the same terms as French credit institutions.

In the case of BSI Monaco SAM failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of BSI Monaco SAM and its components are shown in the table below.

BIC  BSILMCMCXXX
Bank BIC Code  BSIL
Country Code  MC (Monaco)
Location Code  MC
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of BSI Monaco SAM is shown in the table below.

MFI ID  FR11018

European Presence: 2 banks in 2 countries

This bank operates in the following European countries and selected dependent territories of the European countries:

Italy

Switzerland