Banque Pasche Monaco SAM was acquired by Banque Havilland S.A., an independent private bank, The acquisition strengthens the position of Banque Havilland in Monaco and in private banking.
Banque pasche monaco SAM was the 23rd largest bank in Monaco in terms of total assets. In 2013 its total assets were 4,47 mln EUR, providing the bank with the market share of 0.01%. In 2013 the bank's net income was -2,65 mln EUR.
Banque pasche monaco SAM participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
|Total Assets (2013)|
|4.47 mln EUR|
In 2013 total assets of Banque pasche monaco SAM were 4.47 mln EUR.
|Net Income (2013)|
|-2 652 768.70 EUR|
In 2013 net income of Banque pasche monaco SAM was -2 652 768.70 EUR.
|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 pasche monaco SAM 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|
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 Banque pasche monaco SAM and its components are shown in the table below.
|Bank BIC Code||BPGE|
|Country Code||MC (Monaco)|
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 pasche monaco SAM is shown in the table below.