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.