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

HSBC Private bank (Monaco) S.A.

Business Focus

private banking, wealth management

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

Products and Services

Services

•private banking

•wealth management

Clients

•private individuals

•families

•intermediaries

•trusts

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. was 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.

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Fonds de Garantie des Dépôts et de Résolution (FGDR)

Covered Depositors

•natural persons
•legal entities

Covered Accounts

•all deposit accounts

HSBC Private bank (Monaco) S.A. participates in the deposit guarantee scheme of France. This deposit guarantee scheme applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. HSBC Private bank (Monaco) S.A. is a member of Fonds de Garantie des Dépôts et de Résolution (FGDR) and makes its contributions into it.