Compagnie monegasque de banque

Founded in 1976, Compagnie Monegasque de Banque (CMB) is specializing in international private banking in Monaco. It is a wholly owned subsidiary of Mediobanca SpA, an Italian investment bank listed on the Milan stock exchange. CMB offers clients a range of products and services organised around three core businesses: private banking, investment management and financing.

Services

Private Banking
Wealth Management
Financing

Financials

Total Assets (2017)
4 382.91 mln EUR  (+0.98%)
Net Income (2017)
13.63 mln EUR  (+56.45%)

Compagnie monegasque de banque is the 5th largest bank in Monaco in terms of total assets. In 2017 its total assets were 4 382,91 mln EUR, providing the bank with the market share of 9.77%. In 2017 the bank's net income was 13,63 mln EUR.

Compagnie monegasque de banque participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Member of Group

 Mediobanca (Italy)

Compagnie monegasque de banque is a member of Mediobanca (Italy).

Contacts

23 avenue de la Costa, 98007, MONACO, Monaco
B.P. 149
+377 93 15 77 77
+377 93 25 08 69

Bank Identifiers

BIC (SWIFT)
CMBMMCMXXXX
MFI ID
FR17569

Business Summary

Eligible Clients
local and international clients
Services
private banking
wealth management
financing

Compagnie monegasque de banque provides products and services in the areas of private banking, wealth management, financing. Compagnie monegasque de banque makes its solutions available to local and international clients.

Financial Positions

Total Assets (2017)
4 382.91 mln EUR  (+0.98%)

In 2017 total assets of Compagnie monegasque de banque were 4 382.91 mln EUR. Growth compared to the previous period (2016) was 0.98%. The evolution of the total assets of Compagnie monegasque de banque is shown at Chart 1 below.

Total Assets of Compagnie monegasque de banque.

Chart 1. Total Assets of Compagnie monegasque de banque.

Recent changes in total assets of Compagnie monegasque de banque and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 32.3 32.4 +0.52%
Loans to banks 1 688.1 2 328.5 +37.94%
Loans to customers 1 192.2 1 201.5 +0.78%
Total Assets 4 340.4 4 382.9 +0.98%
Table 1. Recent changes in total assets of Compagnie monegasque de banque (mln EUR).

Recent changes in total liabilities of Compagnie monegasque de banque and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 15.1 9.5 -37.61%
Customer deposits 3 460.4 3 358.9 -2.93%
Total Liabilities 4 340.4 4 382.9 +0.98%
Table 2. Recent changes in total liabilities of Compagnie monegasque de banque (mln EUR).

Profit and Loss

Net Income (2017)
13.63 mln EUR  (+56.45%)

Recent changes in gross profit of Compagnie monegasque de banque and its main components are shown in Table 3.

2016 2017 % change
Interest Income 31.9 33.6 +5.40%
Interest Charges -10.3 -9.3 -9.20%
Net Interest Income 21.6 24.3 +12.36%
Commission Income 41.7 51.8 +24.32%
Commission Charges -2.7 -3.7 +37.78%
Net Commission Income 39.0 48.1 +23.39%
Table 3. Recent changes in gross profit of Compagnie monegasque de banque (mln EUR).

In 2017 net income of Compagnie monegasque de banque was 13.63 mln EUR. Growth compared to the previous period (2016) was 56.45%. The evolution of the net income of Compagnie monegasque de banque is shown at Chart 2 below.

Net Income of Compagnie monegasque de banque.

Chart 2. Net Income of Compagnie monegasque de banque.

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
5th (market share 9.77%)

In 2017 Compagnie monegasque de banque was ranked the 5th largest bank in Monaco in terms of total assets, having 9.77% of the domestic market share.

Market share of Compagnie monegasque de banque (among banks in Monaco)

Chart 3. Market share of Compagnie monegasque de banque (among banks in Monaco)

Several banks having the market shares and ranks closest to Compagnie monegasque de banque are shown below.

RankNameTotal AssetsMarket Share
4 Bank Julius Baer (Monaco) SAM4920.84 mln EUR10.97%
5 Compagnie monegasque de banque4382.91 mln EUR9.77%
6 Société Générale Bank & Trust (Monaco)4168.29 mln EUR9.30%
 

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 Compagnie monegasque de banque 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

BIC

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 Compagnie monegasque de banque and its components are shown in the table below.

BIC  CMBMMCMXXXX
Bank BIC Code  CMBM
Country Code  MC (Monaco)
Location Code  MX
Branch Code  XXX

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 Compagnie monegasque de banque is shown in the table below.

MFI ID  FR17569