Monacredit S.A.M. operated as a subsidiary of Crédit Lyonnais (France). On 14 December 2011, an extraordinary general meeting of the shareholders of Monacredit S.A.M. made a decision to liquidate the company.
Monacredit S.A.M. participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.