Banca popolare di Sondrio (Suisse)

Established in 1871, Banca Popolare di Sondrio is an Italian cooperative bank offering retail banking products and services to individuals, families, professionals, small and large companies, and public institutions.

Business Focus

Retail Banking

Financials

Total Assets (2017)
384.21 mln EUR  (-11.06%)
Net Income (2017)
601 570.52 EUR  (+124.79%)

Banca popolare di Sondrio (Suisse) is the 16th largest bank in Monaco in terms of total assets. In 2017 its total assets were 384,21 mln EUR, providing the bank with the market share of 0.86%. In 2017 the bank's net income was 601 570,52 EUR.

Banca popolare di Sondrio (Suisse) participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

3 rue Princesse Florestine, 98011, MONACO CEDEX, Monaco
B.P. 416

Bank Identifiers

BIC (SWIFT)
POSOMCM1XXX
MFI ID
FR14908

Financial Positions

Total Assets (2017)
384.21 mln EUR  (-11.06%)

In 2017 total assets of Banca popolare di Sondrio (Suisse) were 384.21 mln EUR. Decline compared to the previous period (2016) was -11.06%. The evolution of the total assets of Banca popolare di Sondrio (Suisse) is shown at Chart 1 below.

Total Assets of Banca popolare di Sondrio (Suisse).

Chart 1. Total Assets of Banca popolare di Sondrio (Suisse).

Recent changes in total assets of Banca popolare di Sondrio (Suisse) and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 3.9 3.9 +0.95%
Loans to banks 276.1 230.8 -16.41%
Loans to customers 116.4 125.4 +7.67%
Total Assets 432.0 384.2 -11.06%
Table 1. Recent changes in total assets of Banca popolare di Sondrio (Suisse) (mln EUR).

Recent changes in total liabilities of Banca popolare di Sondrio (Suisse) and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 19.6 18.0 -8.38%
Customer deposits 389.9 343.7 -11.85%
Total Liabilities 432.0 384.2 -11.06%
Table 2. Recent changes in total liabilities of Banca popolare di Sondrio (Suisse) (mln EUR).

Profit and Loss

Net Income (2017)
601 570.52 EUR  (+124.79%)

Recent changes in gross profit of Banca popolare di Sondrio (Suisse) and its main components are shown in Table 3.

2016 2017 % change
Interest Income 3.1 4.8 +51.19%
Interest Charges -1.1 -1.7 +47.58%
Net Interest Income 2.0 3.1 +53.23%
Commission Income 1.7 1.4 -14.50%
Commission Charges -0.1 -0.1 +33.97%
Net Commission Income 1.6 1.3 -17.19%
Table 3. Recent changes in gross profit of Banca popolare di Sondrio (Suisse) (mln EUR).

In 2017 net income of Banca popolare di Sondrio (Suisse) was 601 570.52 EUR. Growth compared to the previous period (2016) was 124.79%. The evolution of the net income of Banca popolare di Sondrio (Suisse) is shown at Chart 2 below.

Net Income of Banca popolare di Sondrio (Suisse).

Chart 2. Net Income of Banca popolare di Sondrio (Suisse).

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
16th (market share 0.86%)

In 2017 Banca popolare di Sondrio (Suisse) was ranked the 16th largest bank in Monaco in terms of total assets, having 0.86% of the domestic market share.

Market share of Banca popolare di Sondrio (Suisse) (among banks in Monaco)

Chart 3. Market share of Banca popolare di Sondrio (Suisse) (among banks in Monaco)

Several banks having the market shares and ranks closest to Banca popolare di Sondrio (Suisse) are shown below.

RankNameTotal AssetsMarket Share
15 Andbank Monaco S.A.M.384.96 mln EUR0.86%
16 Banca popolare di Sondrio (Suisse)384.21 mln EUR0.86%
17 Martin Maurel Sella Banque Privée - Monaco SAM247.16 mln EUR0.55%
 

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 Banca popolare di Sondrio (Suisse) 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 Banca popolare di Sondrio (Suisse) and its components are shown in the table below.

BIC  POSOMCM1XXX
Bank BIC Code  POSO
Country Code  MC (Monaco)
Location Code  M1
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 Banca popolare di Sondrio (Suisse) is shown in the table below.

MFI ID  FR14908

European Presence: 3 banks in 3 countries

Banca popolare di Sondrio (Suisse) operates under the brand name Banca Popolare di Sondrio. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Italy

Monaco

  •  (this bank) Banca popolare di Sondrio (Suisse) (MONACO CEDEX)

Switzerland