KBL Monaco private bankers (formerly Kb luxembourg (monaco))

KBL Monaco Private Bankers (formerly KB Luxembourg (monaco)) provides private banking and asset management tailor-made solutions to private and institutional clients.

Business Focus

Private Banking
Asset Management

Financials

Total Assets (2017)
468.62 mln EUR  (+12.61%)
Net Income (2017)
4.55 mln EUR  (+890.67%)

KBL Monaco private bankers is the 14th largest bank in Monaco in terms of total assets. In 2017 its total assets were 468,62 mln EUR, providing the bank with the market share of 1.05%. In 2017 the bank's net income was 4,55 mln EUR.

KBL Monaco private bankers participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

8, avenue de Grande-Bretagne, 98005, Monaco, Monaco

Bank Identifiers

BIC (SWIFT)
KBLXMCMCXXX
MFI ID
FR13338

Financial Positions

Total Assets (2017)
468.62 mln EUR  (+12.61%)

In 2017 total assets of KBL Monaco private bankers were 468.62 mln EUR. Growth compared to the previous period (2016) was 12.61%. The evolution of the total assets of KBL Monaco private bankers is shown at Chart 1 below.

Total Assets of KBL Monaco private bankers.

Chart 1. Total Assets of KBL Monaco private bankers.

Recent changes in total assets of KBL Monaco private bankers and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 3.6 3.8 +6.13%
Loans to banks 131.2 135.5 +3.26%
Loans to customers 255.6 287.3 +12.39%
Total Assets 416.2 468.6 +12.61%
Table 1. Recent changes in total assets of KBL Monaco private bankers (mln EUR).

Recent changes in total liabilities of KBL Monaco private bankers and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 61.4 142.8 +132.54%
Customer deposits 327.2 280.7 -14.20%
Total Liabilities 416.2 468.6 +12.61%
Table 2. Recent changes in total liabilities of KBL Monaco private bankers (mln EUR).

Profit and Loss

Net Income (2017)
4.55 mln EUR  (+890.67%)

Recent changes in gross profit of KBL Monaco private bankers and its main components are shown in Table 3.

2016 2017 % change
Interest Income 5.3 5.7 +7.82%
Interest Charges -1.2 -1.4 +11.51%
Net Interest Income 4.1 4.4 +6.72%
Commission Income 7.8 8.3 +6.44%
Commission Charges -0.5 -0.7 +39.66%
Net Commission Income 7.3 7.6 +4.08%
Table 3. Recent changes in gross profit of KBL Monaco private bankers (mln EUR).

In 2017 net income of KBL Monaco private bankers was 4.55 mln EUR. Growth compared to the previous period (2016) was 890.67%. The evolution of the net income of KBL Monaco private bankers is shown at Chart 2 below.

Net Income of KBL Monaco private bankers.

Chart 2. Net Income of KBL Monaco private bankers.

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
14th (market share 1.05%)

In 2017 KBL Monaco private bankers was ranked the 14th largest bank in Monaco in terms of total assets, having 1.05% of the domestic market share.

Market share of KBL Monaco private bankers (among banks in Monaco)

Chart 3. Market share of KBL Monaco private bankers (among banks in Monaco)

Several banks having the market shares and ranks closest to KBL Monaco private bankers are shown below.

RankNameTotal AssetsMarket Share
13 Banque européenne du crédit mutuel Monaco559.97 mln EUR1.25%
14 KBL Monaco private bankers468.62 mln EUR1.05%
15 Andbank Monaco S.A.M.384.96 mln EUR0.86%
 

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 KBL Monaco private bankers 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 KBL Monaco private bankers and its components are shown in the table below.

BIC  KBLXMCMCXXX
Bank BIC Code  KBLX
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 KBL Monaco private bankers is shown in the table below.

MFI ID  FR13338

European Presence: 4 banks in 4 countries

KBL Monaco private bankers operates under the brand name KBL Swiss Private Banking. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

France

Luxembourg

Monaco

  •  (this bank) KBL Monaco private bankers (Monaco)

Spain

Defunct Banks: 1 bank in 1 country

The following banks operating under KBL Swiss Private Banking brand name has been recently closed down:

Switzerland