Created by Anna Mileiko 
Banca Popolare di Sondrio is a cooperative bank established in 1871 in the Italian townof Sondrio. Established in Lugano in 1991, Banca Popolare di Sondrio (SUISSE)is wholly owned subsidiary of Banca Popolare di Sondrio.Banca popolare di Sondrio (Suisse) opened its branch in Monaco in 2003and specialises in private banking and mortgage financing in the Principalityand in France.
In 2023, Banca popolare di Sondrio (Suisse) achieved the position of 12th largest bank in Monaco with a market share of 1.02%; its total assets grew by 43.61%.
Additionally, the bank became the 5th profitable bank in relation to its total assets showcasing 0.77% return on assets in 2023.
Deposits up to 100,000 EUR are covered by French deposit guarantee scheme in Banca popolare di Sondrio (Suisse).
branch
online banking
Banca popolare di Sondrio (Suisse) ranks as the 12th largest bank in Monaco by total assets. In 2023 its total assets were 720.86 mln EUR, representing a 1.02% market share. In 2023 the bank's net income was 4.69 mln EUR.
Fonds de Garantie des Dépôts et de Résolution (FGDR)Banca popolare di Sondrio (Suisse) protects deposits up to up to 100,000 EUR per depositor through France's deposit guarantee scheme. The scheme applies to all deposit accounts made by natural persons, legal entities. The bank participates in the Fonds de Garantie des Dépôts et de Résolution (FGDR), making regular contributions into it.
Banca popolare di Sondrio (Suisse) operates as a branch of Banca Popolare di Sondrio (Suisse) SA (Switzerland).
3 rue Princesse Florestine, 98011, MONACO CEDEX, Monaco
B.P. 416
WorldwideBanca popolare di Sondrio (Suisse) provides products and services in the areas of private banking, retail banking. Banca popolare di Sondrio (Suisse) offers a range of products including current accounts, prepaid cards, credit cards, mortgage loans, investment funds. Banca popolare di Sondrio (Suisse) makes its solutions available to high net-worth individuals.
branch online bankingProducts and services offered by Banca popolare di Sondrio (Suisse) are available at its branches and via its online banking system.
In 2023 total assets of Banca popolare di Sondrio (Suisse) were 720.86 mln EUR. Growth compared to the previous period (2022) was 43.61%. The evolution of the total assets of Banca popolare di Sondrio (Suisse) is shown at Chart 1 below.
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 2.6 | 3.2 | +21.08% |
| Loans to banks | 138.3 | 302.1 | +118.42% |
| Loans to customers | 333.2 | 381.2 | +14.40% |
| Total Assets | 501.9 | 720.9 | +43.61% |
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 205.8 | 350.1 | +70.11% |
| Customer deposits | 260.6 | 328.9 | +26.18% |
| Total Liabilities | 501.9 | 720.9 | +43.61% |
Table 2. Recent changes in total liabilities of Banca popolare di Sondrio (Suisse) (mln EUR).
Recent changes in gross profit of Banca popolare di Sondrio (Suisse) and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 8.4 | 25.5 | +204.54% |
| Interest Charges | -1.3 | -14.8 | +1,038.41% |
| Net Interest Income | 7.1 | 10.7 | +50.83% |
| Commission Income | 2.6 | 2.2 | -15.26% |
| Commission Charges | -0.1 | -0.1 | -17.87% |
| Net Commission Income | 2.5 | 2.2 | -15.15% |
Table 3. Recent changes in gross profit of Banca popolare di Sondrio (Suisse) (mln EUR).
In 2023 net income of Banca popolare di Sondrio (Suisse) was 4.69 mln EUR. Growth compared to the previous period (2022) was 135.08%. The evolution of the net income of Banca popolare di Sondrio (Suisse) is shown at Chart 2 below.
Chart 2. Net Income of Banca popolare di Sondrio (Suisse).
In 2023 Banca popolare di Sondrio (Suisse) was ranked the 12th largest bank in Monacoin terms of total assets, having 1.02% of the domestic market share.
Chart 3. Market share of Banca popolare di Sondrio (Suisse) (among banks in Monaco)
Historical changes in Banca popolare di Sondrio (Suisse)'s domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 12 | 1.02 % |
| 2022 | 14 | 0.70 % |
| 2021 | 15 | 0.57 % |
| 2020 | 15 | 0.50 % |
| 2019 | 15 | 0.57 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Banca popolare di Sondrio (Suisse) listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 11 |  | 3.11% | 2,186.85 mln EUR (+19.39%) |
| 12 | | 1.02% | 720.86 mln EUR (+43.61%) |
| 13 |  | 0.88% | 617.59 mln EUR (-3.36%) |
Discover key identifiers of Banca popolare di Sondrio (Suisse) including its BIC, company number, MFI ID.
BIC: POSOMCM1XXX
The BIC (also known as SWIFT code) for Banca popolare di Sondrio (Suisse) is POSOMCM1XXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | POSOMCM1XXX |
| Bank BIC Code | POSO |
| Country Code | MC (Monaco) |
| Location Code | M1 |
| Branch Code | XXX |
Company Registration Number: 03S04108
Banca popolare di Sondrio (Suisse) is registered in Monaco under company number 03S04108. In Monaco, Company Registration Number (UID) is assigned automatically when registering a company, the company details are then available in the Trade and Industry Register (RCI).
| Key | Value |
|---|---|
| Company Number | 03S04108 |
MFI ID: FR14908
Banca popolare di Sondrio (Suisse)’s MFI ID, FR14908, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Monaco (MC), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | FR14908 |
| Country Code | MC |
| MFI Code | 14908 |
TheBanks.eu identified several banks similar to Banca popolare di Sondrio (Suisse) based on various criteria, including:
