Société Générale Bank & Trust (Monaco)

Societe Generale Bank and Trust provides private banking and securities services.

Business Focus

Private Banking
Securities Services

Financials

Total Assets (2017)
4 168.29 mln EUR  (-22.78%)
Net Income (2017)
11.56 mln EUR  (-1.48%)

Société Générale Bank & Trust (Monaco) is the 6th largest bank in Monaco in terms of total assets. In 2017 its total assets were 4 168,29 mln EUR, providing the bank with the market share of 9.30%. In 2017 the bank's net income was 11,56 mln EUR.

Société Générale Bank & Trust (Monaco) participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

13-15, Boulevard des Moulins, 98000, Monaco, Monaco

Bank Identifiers

BIC (SWIFT)
SGBTMCMCXXX
MFI ID
FR13368

Financial Positions

Total Assets (2017)
4 168.29 mln EUR  (-22.78%)

In 2017 total assets of Société Générale Bank & Trust (Monaco) were 4 168.29 mln EUR. Decline compared to the previous period (2016) was -22.78%. The evolution of the total assets of Société Générale Bank & Trust (Monaco) is shown at Chart 1 below.

Total Assets of Société Générale Bank & Trust (Monaco).

Chart 1. Total Assets of Société Générale Bank & Trust (Monaco).

Recent changes in total assets of Société Générale Bank & Trust (Monaco) and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 0.0 0.0 0.00%
Loans to banks 1 765.1 1 786.7 +1.23%
Loans to customers 3 523.2 3 176.7 -9.84%
Total Assets 5 398.1 4 168.3 -22.78%
Table 1. Recent changes in total assets of Société Générale Bank & Trust (Monaco) (mln EUR).

Recent changes in total liabilities of Société Générale Bank & Trust (Monaco) and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 2 985.7 2 948.0 -1.26%
Customer deposits 2 133.8 1 802.3 -15.54%
Total Liabilities 5 398.1 4 168.3 -22.78%
Table 2. Recent changes in total liabilities of Société Générale Bank & Trust (Monaco) (mln EUR).

Profit and Loss

Net Income (2017)
11.56 mln EUR  (-1.48%)

Recent changes in gross profit of Société Générale Bank & Trust (Monaco) and its main components are shown in Table 3.

2016 2017 % change
Interest Income 59.4 58.7 -1.18%
Interest Charges -31.0 -28.3 -8.67%
Net Interest Income 28.4 30.4 +6.98%
Commission Income 32.5 29.8 -8.26%
Commission Charges -1.8 -1.3 -24.78%
Net Commission Income 30.7 28.5 -7.30%
Table 3. Recent changes in gross profit of Société Générale Bank & Trust (Monaco) (mln EUR).

In 2017 net income of Société Générale Bank & Trust (Monaco) was 11.56 mln EUR. Decline compared to the previous period (2016) was -1.48%. The evolution of the net income of Société Générale Bank & Trust (Monaco) is shown at Chart 2 below.

Net Income of Société Générale Bank & Trust (Monaco).

Chart 2. Net Income of Société Générale Bank & Trust (Monaco).

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
6th (market share 9.30%)

In 2017 Société Générale Bank & Trust (Monaco) was ranked the 6th largest bank in Monaco in terms of total assets, having 9.30% of the domestic market share.

Market share of Société Générale Bank & Trust (Monaco) (among banks in Monaco)

Chart 3. Market share of Société Générale Bank & Trust (Monaco) (among banks in Monaco)

Several banks having the market shares and ranks closest to Société Générale Bank & Trust (Monaco) are shown below.

RankNameTotal AssetsMarket Share
5Compagnie monegasque de banque4382.91 mln EUR9.77%
6Société Générale Bank & Trust (Monaco)4168.29 mln EUR9.30%
7Banque J. Safra Sarasin (Monaco) SA2781.24 mln EUR6.20%
 

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 Société Générale Bank & Trust (Monaco) 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

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 Société Générale Bank & Trust (Monaco) and its components are shown in the table below.

BIC  SGBTMCMCXXX
Bank BIC Code  SGBT
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 Société Générale Bank & Trust (Monaco) is shown in the table below.

MFI ID  FR13368

European Presence: 2 banks in 2 countries

Société Générale Bank & Trust (Monaco) operates under the brand name Societe Generale Bank and Trust. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Luxembourg

Monaco

  • (this bank) Société Générale Bank & Trust (Monaco) (Monaco)