Created by Anna Mileiko 
Banque Européenne du Crédit Mutuel (BECM) specializes in providing business and corporate banking products and services to medium- and large-sized companies. Banque Européenne du Crédit Mutuel offers business financing, invoice and cash management, international trade as well as deposit accounts, mutual and investment funds. BECM Monaco was integrated into CIC Lyonnaise de Banque to consolidate coverage of retail customers in the Principality.
In 2020, Banque européenne du crédit mutuel Monaco achieved the position of 14th largest bank in Monaco with a market share of 0.53%; its total assets dropped by 12.15%.
Additionally, the bank became the 3rd profitable bank in relation to its total assets showcasing 0.57% return on assets in 2020.
Deposits up to 100,000 EUR are covered by French deposit guarantee scheme in Banque européenne du crédit mutuel Monaco.
Banque européenne du crédit mutuel Monaco ranked as the 14th largest bank in Monaco by total assets. In 2020 its total assets were 436.33 mln EUR, representing a 0.53% market share. In 2020 the bank's net income was 2.65 mln EUR.
Fonds de Garantie des Dépôts et de Résolution (FGDR)Banque européenne du crédit mutuel Monaco 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.
Crédit Mutuel (France)Banque européenne du crédit mutuel Monaco is a member of Crédit Mutuel (France).
8 rue Grimaldi, 98000, MONACO, MonacoIn 2020 total assets of Banque européenne du crédit mutuel Monaco were 436.33 mln EUR. Decline compared to the previous period (2019) was -12.15%. The evolution of the total assets of Banque européenne du crédit mutuel Monaco is shown at Chart 1 below.
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.
| 2019 | 2020 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 1.0 | 0.3 | -69.80% |
| Loans to banks | 201.5 | 163.5 | -18.89% |
| Loans to customers | 285.8 | 264.9 | -7.32% |
| Total Assets | 496.7 | 436.3 | -12.15% |
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.
| 2019 | 2020 | change (%) | |
|---|---|---|---|
| Bank deposits | 40.5 | 40.1 | -1.19% |
| Customer deposits | 428.7 | 366.5 | -14.51% |
| Total Liabilities | 496.7 | 436.3 | -12.15% |
Table 2. Recent changes in total liabilities of Banque européenne du crédit mutuel Monaco (mln EUR).
Recent changes in gross profit of Banque européenne du crédit mutuel Monaco and its main components are shown in Table 3.
| 2019 | 2020 | change (%) | |
|---|---|---|---|
| Interest Income | 6.6 | 5.8 | -12.19% |
| Interest Charges | -2.0 | -1.3 | -35.45% |
| Net Interest Income | 4.6 | 4.5 | -1.87% |
| Commission Income | 4.0 | 2.2 | -46.14% |
| Commission Charges | -2.7 | -1.0 | -61.69% |
| Net Commission Income | 1.3 | 1.1 | -12.74% |
Table 3. Recent changes in gross profit of Banque européenne du crédit mutuel Monaco (mln EUR).
In 2020 net income of Banque européenne du crédit mutuel Monaco was 2.65 mln EUR. Decline compared to the previous period (2019) was -8.24%. The evolution of the net income of Banque européenne du crédit mutuel Monaco is shown at Chart 2 below.
Chart 2. Net Income of Banque européenne du crédit mutuel Monaco.
In 2020 Banque européenne du crédit mutuel Monaco was ranked the 14th largest bank in Monacoin terms of total assets, having 0.53% of the domestic market share.
Chart 3. Market share of Banque européenne du crédit mutuel Monaco (among banks in Monaco)
Historical changes in Banque européenne du crédit mutuel Monaco's domestic rank and market share over 2016-2020 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2020 | 14 | 0.53 % |
| 2019 | 13 | 0.66 % |
| 2018 | 13 | 1.10 % |
| 2017 | 13 | 1.23 % |
| 2016 | 15 | 1.14 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Banque européenne du crédit mutuel Monaco listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 13 |  | 0.88% | 617.59 mln EUR (-3.36%) |
| 14 | | 0.53% | 436.33 mln EUR (-12.15%) |
| 15 |  | 1.02% | 720.86 mln EUR (+43.61%) |
Discover key identifiers of Banque européenne du crédit mutuel Monaco including its BIC, LEI, company number, MFI ID.
BIC: CMCIMCM1BEC
The BIC (also known as SWIFT code) for Banque européenne du crédit mutuel Monaco is CMCIMCM1BEC. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | CMCIMCM1BEC |
| Bank BIC Code | CMCI |
| Country Code | MC (Monaco) |
| Location Code | M1 |
| Branch Code | BEC |
LEI: 549300JD1VIIOQH3IG69
Banque européenne du crédit mutuel Monaco’s LEI is 549300JD1VIIOQH3IG69. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 549300JD1VIIOQH3IG69 |
| LOU Identifier | 5493 |
| Reserved | 00 |
| Entity Identifier | JD1VIIOQH3IG |
| Verification ID | 69 |
Company Registration Number: 12S05758
Banque européenne du crédit mutuel Monaco is registered in Monaco under company number 12S05758. 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 | 12S05758 |
MFI ID: FR16548
Banque européenne du crédit mutuel Monaco’s MFI ID, FR16548, 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 | FR16548 |
| Country Code | MC |
| MFI Code | 16548 |
TheBanks.eu identified several banks similar to Banque européenne du crédit mutuel Monaco based on various criteria, including:
