Barclays Bank is a global universal bank, offering retail, private, corporate and investment banking products and services worldwide. Barclays bank plc monaco operates as a branch of Barclays Bank plc (United Kingdom).
Barclays bank plc monaco is the 1st largest bank in Monaco in terms of total assets. In 2016 its total assets were 7 968,28 mln EUR, providing the bank with the market share of 17.88%.
Barclays bank plc monaco participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.
|Total Assets (2016)|
|7 968.28 mln EUR (+9.96%)|
In 2016 total assets of Barclays bank plc monaco were 7 968.28 mln EUR. Growth compared to the previous period (2015) was 9.96%. The evolution of the total assets of Barclays bank plc monaco is shown at Chart 1 below.
Chart 1. Total Assets of Barclays bank plc monaco.
|Yes (up to 85 000 GBP per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All branches of EEA-banks operating in Monaco participate in deposit guarantee schemes of their home countries. This means that Barclays bank plc monaco participates in the deposit guarantee scheme of the United Kingdom.
In the case of Barclays bank plc monaco failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Maximum Protected Amount||85 000 GBP|
|Paid In Currency||GBP|
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 Barclays bank plc monaco and its components are shown in the table below.
|Bank BIC Code||BAEC|
|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 Barclays bank plc monaco is shown in the table below.