HSBC Private bank (Monaco) S.A.

HSBC Private Bank provides private banking, investments and wealth management products and services to high net worth individuals, their families, intermediaries, and trusts.

Services

Private Banking
Wealth Management

Financials

Total Assets (2017)
911.67 mln EUR  (-74.86%)
Net Income (2017)
-7 913 858.71 EUR  (-52.54%)

HSBC Private bank (Monaco) S.A. is the 12th largest bank in Monaco in terms of total assets. In 2017 its total assets were 911,67 mln EUR, providing the bank with the market share of 2.03%. In 2017 the bank's net income was -7,91 mln EUR.

HSBC Private bank (Monaco) S.A. participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

17 avenue d'ostende, 98000, Monaco, Monaco

Bank Identifiers

BIC (SWIFT)
BLICMCMCXXX
MFI ID
FR13488

Business Summary

Services
private banking
wealth management
Eligible Clients
private individuals
families
intermediaries
trusts

HSBC Private bank (Monaco) S.A. provides products and services in the areas of private banking, wealth management. HSBC Private bank (Monaco) S.A. makes its solutions available to private individuals, families, intermediaries, trusts.

Financial Positions

Total Assets (2017)
911.67 mln EUR  (-74.86%)

In 2017 total assets of HSBC Private bank (Monaco) S.A. were 911.67 mln EUR. Decline compared to the previous period (2016) was -74.86%. The evolution of the total assets of HSBC Private bank (Monaco) S.A. is shown at Chart 1 below.

Total Assets of HSBC Private bank (Monaco) S.A..

Chart 1. Total Assets of HSBC Private bank (Monaco) S.A..

Recent changes in total assets of HSBC Private bank (Monaco) S.A. and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 49.6 148.9 +200.02%
Loans to banks 850.6 13.6 -98.40%
Loans to customers 1 910.0 589.1 -69.16%
Total Assets 3 626.3 911.7 -74.86%
Table 1. Recent changes in total assets of HSBC Private bank (Monaco) S.A. (mln EUR).

Recent changes in total liabilities of HSBC Private bank (Monaco) S.A. and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 403.8 491.7 +21.75%
Customer deposits 2 882.8 186.5 -93.53%
Total Liabilities 3 626.3 911.7 -74.86%
Table 2. Recent changes in total liabilities of HSBC Private bank (Monaco) S.A. (mln EUR).

Profit and Loss

Net Income (2017)
-7 913 858.71 EUR  (-52.54%)

Recent changes in gross profit of HSBC Private bank (Monaco) S.A. and its main components are shown in Table 3.

2016 2017 % change
Interest Income 44.0 25.5 -41.98%
Interest Charges -7.6 -3.9 -48.23%
Net Interest Income 36.4 21.6 -40.68%
Net Commission Income 23.2 7.1 -69.20%
Table 3. Recent changes in gross profit of HSBC Private bank (Monaco) S.A. (mln EUR).

In 2017 net income of HSBC Private bank (Monaco) S.A. was -7 913 858.71 EUR. Decline compared to the previous period (2016) was -52.54%. The evolution of the net income of HSBC Private bank (Monaco) S.A. is shown at Chart 2 below.

Net Income of HSBC Private bank (Monaco) S.A..

Chart 2. Net Income of HSBC Private bank (Monaco) S.A..

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
12th (market share 2.03%)

In 2017 HSBC Private bank (Monaco) S.A. was ranked the 12th largest bank in Monaco in terms of total assets, having 2.03% of the domestic market share.

Market share of HSBC Private bank (Monaco) S.A. (among banks in Monaco)

Chart 3. Market share of HSBC Private bank (Monaco) S.A. (among banks in Monaco)

Several banks having the market shares and ranks closest to HSBC Private bank (Monaco) S.A. are shown below.

RankNameTotal AssetsMarket Share
11UNION BANCAIRE PRIVEE, UBP SA (new)1382.49 mln EUR3.08%
12HSBC Private bank (Monaco) S.A.911.67 mln EUR2.03%
13Banque européenne du crédit mutuel Monaco559.97 mln EUR1.25%
 

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 HSBC Private bank (Monaco) S.A. 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 HSBC Private bank (Monaco) S.A. and its components are shown in the table below.

BIC  BLICMCMCXXX
Bank BIC Code  BLIC
Country Code  MC (Monaco)
Location Code  MC
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 HSBC Private bank (Monaco) S.A. is shown in the table below.

MFI ID  FR13488

European Presence: 7 banks in 7 countries

HSBC Private bank (Monaco) S.A. operates under the brand name HSBC Private Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Guernsey

Ireland

Luxembourg

Monaco

  • (this bank) HSBC Private bank (Monaco) S.A. (Monaco)

Sweden

Switzerland

United Kingdom

Defunct Banks: 1 bank in 1 country

The following banks operating under HSBC Private Bank brand name has been recently closed down:

Guernsey