CFM Indosuez Wealth (formerly Credit foncier de monaco)

Authorized in 1992, Credit Foncier de Monaco (CFM) is a member of Credit Agricole Group offering products and services in private banking and wealth management to domestic and international individuals, families, entrepreneurs, associations and foundations. In November 2015 Credit foncier de monaco changed its name to CFM Indosuez Wealth.

Services

Private Banking
Wealth Management

Financials

Total Assets (2017)
5 585.43 mln EUR  (+22.26%)
Net Income (2017)
28.30 mln EUR  (-37.13%)

CFM Indosuez Wealth is the 2nd largest bank in Monaco in terms of total assets. In 2017 its total assets were 5 585,43 mln EUR, providing the bank with the market share of 12.46%. In 2017 the bank's net income was 28,30 mln EUR.

CFM Indosuez Wealth participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

CFM Indosuez Wealth is a member of Crédit Agricole (France).

Contacts

11 boulevard albert 1er, 98012, Monaco cedex, Monaco

Bank Identifiers

BIC (SWIFT)
CFMOMCMXXXX
MFI ID
FR12739

Business Summary

Services
private banking
wealth management

CFM Indosuez Wealth provides products and services in the areas of private banking, wealth management.

Financial Positions

Total Assets (2017)
5 585.43 mln EUR  (+22.26%)

In 2017 total assets of CFM Indosuez Wealth were 5 585.43 mln EUR. Growth compared to the previous period (2016) was 22.26%. The evolution of the total assets of CFM Indosuez Wealth is shown at Chart 1 below.

Total Assets of CFM Indosuez Wealth.

Chart 1. Total Assets of CFM Indosuez Wealth.

Recent changes in total assets of CFM Indosuez Wealth and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 45.4 62.6 +37.81%
Loans to banks 612.6 1 049.3 +71.28%
Loans to customers 3 144.3 2 433.7 -22.60%
Total Assets 4 568.5 5 585.4 +22.26%
Table 1. Recent changes in total assets of CFM Indosuez Wealth (mln EUR).

Recent changes in total liabilities of CFM Indosuez Wealth and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 237.6 76.9 -67.64%
Customer deposits 3 919.4 5 096.3 +30.03%
Total Liabilities 4 568.5 5 585.4 +22.26%
Table 2. Recent changes in total liabilities of CFM Indosuez Wealth (mln EUR).

Profit and Loss

Net Income (2017)
28.30 mln EUR  (-37.13%)

Recent changes in gross profit of CFM Indosuez Wealth and its main components are shown in Table 3.

2016 2017 % change
Interest Income 51.4 53.2 +3.49%
Interest Charges -6.8 -11.4 +69.26%
Net Interest Income 44.7 41.8 -6.47%
Commission Income 64.0 65.5 +2.26%
Commission Charges -4.3 -3.8 -11.76%
Net Commission Income 59.7 61.7 +3.28%
Table 3. Recent changes in gross profit of CFM Indosuez Wealth (mln EUR).

In 2017 net income of CFM Indosuez Wealth was 28.30 mln EUR. Decline compared to the previous period (2016) was -37.13%. The evolution of the net income of CFM Indosuez Wealth is shown at Chart 2 below.

Net Income of CFM Indosuez Wealth.

Chart 2. Net Income of CFM Indosuez Wealth.

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
2nd (market share 12.46%)

In 2017 CFM Indosuez Wealth was ranked the 2nd largest bank in Monaco in terms of total assets, having 12.46% of the domestic market share.

Market share of CFM Indosuez Wealth (among banks in Monaco)

Chart 3. Market share of CFM Indosuez Wealth (among banks in Monaco)

Several banks having the market shares and ranks closest to CFM Indosuez Wealth are shown below.

RankNameTotal AssetsMarket Share
1 Barclays bank plc monaco7002.86 mln EUR15.62%
2 CFM Indosuez Wealth5585.43 mln EUR12.46%
3 Ubs (monaco) SA5095.89 mln EUR11.36%
 

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 CFM Indosuez Wealth 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 CFM Indosuez Wealth and its components are shown in the table below.

BIC  CFMOMCMXXXX
Bank BIC Code  CFMO
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 CFM Indosuez Wealth is shown in the table below.

MFI ID  FR12739