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 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. Monacredit S.A.M. is a member of Fonds de Garantie des Dépôts et de Résolution (FGDR) and makes its contributions into it.