Banque européenne du crédit mutuel Monaco

Banque Européenne du Crédit Mutuel (BECM) specializes in providing corporate and retail banking products and services to medium- and large-sized companies. The range of the products includes business financing, invoice and cash management, international trade; deposit accounts, mutual and investment funds.

Business Focus

Retail Banking

Financials

Total Assets (2017)
559.97 mln EUR  (-2.94%)
Net Income (2017)
1.55 mln EUR  (+106.73%)

Banque européenne du crédit mutuel Monaco is the 13th largest bank in Monaco in terms of total assets. In 2017 its total assets were 559,97 mln EUR, providing the bank with the market share of 1.25%. In 2017 the bank's net income was 1,55 mln EUR.

Banque européenne du crédit mutuel Monaco participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

8 rue Grimaldi, 98000, MONACO, Monaco

Bank Identifiers

MFI ID
FR16548

Financial Positions

Total Assets (2017)
559.97 mln EUR  (-2.94%)

In 2017 total assets of Banque européenne du crédit mutuel Monaco were 559.97 mln EUR. Decline compared to the previous period (2016) was -2.94%. The evolution of the total assets of Banque européenne du crédit mutuel Monaco is shown at Chart 1 below.

Total Assets of Banque européenne du crédit mutuel Monaco.

Chart 1. Total Assets of Banque européenne du crédit mutuel Monaco.

Recent changes in total assets of Banque européenne du crédit mutuel Monaco and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 0.5 0.6 +37.98%
Loans to banks 470.2 389.1 -17.25%
Loans to customers 96.4 164.6 +70.73%
Total Assets 577.0 560.0 -2.94%
Table 1. Recent changes in total assets of Banque européenne du crédit mutuel Monaco (mln EUR).

Recent changes in total liabilities of Banque européenne du crédit mutuel Monaco and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 64.3 50.3 -21.79%
Customer deposits 495.1 481.9 -2.66%
Total Liabilities 577.0 560.0 -2.94%
Table 2. Recent changes in total liabilities of Banque européenne du crédit mutuel Monaco (mln EUR).

Profit and Loss

Net Income (2017)
1.55 mln EUR  (+106.73%)

Recent changes in gross profit of Banque européenne du crédit mutuel Monaco and its main components are shown in Table 3.

2016 2017 % change
Interest Income 6.9 5.7 -18.02%
Interest Charges -6.4 -4.9 -23.10%
Net Interest Income 0.5 0.7 +50.39%
Commission Income 1.8 3.1 +72.06%
Commission Charges -1.0 -1.4 +32.83%
Net Commission Income 0.8 1.7 +125.35%
Table 3. Recent changes in gross profit of Banque européenne du crédit mutuel Monaco (mln EUR).

In 2017 net income of Banque européenne du crédit mutuel Monaco was 1.55 mln EUR. Growth compared to the previous period (2016) was 106.73%. The evolution of the net income of Banque européenne du crédit mutuel Monaco is shown at Chart 2 below.

Net Income of Banque européenne du crédit mutuel Monaco.

Chart 2. Net Income of Banque européenne du crédit mutuel Monaco.

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
13th (market share 1.25%)

In 2017 Banque européenne du crédit mutuel Monaco was ranked the 13th largest bank in Monaco in terms of total assets, having 1.25% of the domestic market share.

Market share of Banque européenne du crédit mutuel Monaco (among banks in Monaco)

Chart 3. Market share of Banque européenne du crédit mutuel Monaco (among banks in Monaco)

Several banks having the market shares and ranks closest to Banque européenne du crédit mutuel Monaco are shown below.

RankNameTotal AssetsMarket Share
12HSBC Private bank (Monaco) S.A.911.67 mln EUR2.03%
13Banque européenne du crédit mutuel Monaco559.97 mln EUR1.25%
14KBL Monaco private bankers468.62 mln EUR1.05%
 

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 Banque européenne du crédit mutuel 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

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 Banque européenne du crédit mutuel Monaco is shown in the table below.

MFI ID  FR16548

European Presence: 3 banks in 3 countries

Banque européenne du crédit mutuel Monaco operates under the brand name Banque Europeenne du Credit Mutuel. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Germany

Monaco

  • (this bank) Banque européenne du crédit mutuel Monaco (MONACO)