UNION BANCAIRE PRIVEE, UBP SA

Union Bancaire Privée (UBP) is a Swiss private bank, providing private banking and asset management products and services for both individuals and institutional clients. UNION BANCAIRE PRIVEE, UBP SA operates as a branch of Union Bancaire Privée, UBP SA (Switzerland).

Bank Category

Branches of foreign banks

Business Focus

Private Banking
Asset Management

Financials

Total Assets (2017)
1 382.49 mln EUR  (+22.03%)
Net Income (2017)
2.47 mln EUR  (-6.44%)

UNION BANCAIRE PRIVEE, UBP SA is the 11th largest bank in Monaco in terms of total assets. In 2017 its total assets were 1 382,49 mln EUR, providing the bank with the market share of 3.08%. In 2017 the bank's net income was 2,47 mln EUR.

UNION BANCAIRE PRIVEE, UBP SA participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Headquarters

Union Bancaire Privée, UBP SA (Switzerland)

Contacts

11 bld des Moulins (MONTE CARLO), 98000, MONACO, Monaco

Bank Identifiers

MFI ID
FR16648
Start Date
31 March 2014

Financial Positions

Total Assets (2017)
1 382.49 mln EUR  (+22.03%)

In 2017 total assets of UNION BANCAIRE PRIVEE, UBP SA were 1 382.49 mln EUR. Growth compared to the previous period (2016) was 22.03%. The evolution of the total assets of UNION BANCAIRE PRIVEE, UBP SA is shown at Chart 1 below.

Total Assets of UNION BANCAIRE PRIVEE, UBP SA.

Chart 1. Total Assets of UNION BANCAIRE PRIVEE, UBP SA.

Recent changes in total assets of UNION BANCAIRE PRIVEE, UBP SA and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 10.8 30.0 +179.02%
Loans to banks 359.0 614.8 +71.27%
Loans to customers 567.4 606.2 +6.84%
Total Assets 1 132.9 1 382.5 +22.03%
Table 1. Recent changes in total assets of UNION BANCAIRE PRIVEE, UBP SA (mln EUR).

Recent changes in total liabilities of UNION BANCAIRE PRIVEE, UBP SA and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 300.9 100.4 -66.62%
Customer deposits 770.8 1 212.5 +57.30%
Total Liabilities 1 132.9 1 382.5 +22.03%
Table 2. Recent changes in total liabilities of UNION BANCAIRE PRIVEE, UBP SA (mln EUR).

Profit and Loss

Net Income (2017)
2.47 mln EUR  (-6.44%)

Recent changes in gross profit of UNION BANCAIRE PRIVEE, UBP SA and its main components are shown in Table 3.

2016 2017 % change
Interest Income 10.6 10.3 -2.36%
Interest Charges -2.1 -1.3 -37.35%
Net Interest Income 8.5 9.0 +6.25%
Commission Income 9.2 11.0 +19.37%
Commission Charges 0.0 -0.1
Net Commission Income 9.2 11.0 +18.70%
Table 3. Recent changes in gross profit of UNION BANCAIRE PRIVEE, UBP SA (mln EUR).

In 2017 net income of UNION BANCAIRE PRIVEE, UBP SA was 2.47 mln EUR. Decline compared to the previous period (2016) was -6.44%. The evolution of the net income of UNION BANCAIRE PRIVEE, UBP SA is shown at Chart 2 below.

Net Income of UNION BANCAIRE PRIVEE, UBP SA.

Chart 2. Net Income of UNION BANCAIRE PRIVEE, UBP SA.

Market Share and Rank (among banks in Monaco)

Total Assets (2017)
11th (market share 3.08%)

In 2017 UNION BANCAIRE PRIVEE, UBP SA was ranked the 11th largest bank in Monaco in terms of total assets, having 3.08% of the domestic market share.

Market share of UNION BANCAIRE PRIVEE, UBP SA (among banks in Monaco)

Chart 3. Market share of UNION BANCAIRE PRIVEE, UBP SA (among banks in Monaco)

Several banks having the market shares and ranks closest to UNION BANCAIRE PRIVEE, UBP SA are shown below.

RankNameTotal AssetsMarket Share
10BNP Paribas wealth management Monaco1754.45 mln EUR3.91%
11UNION BANCAIRE PRIVEE, UBP SA (new)1382.49 mln EUR3.08%
12HSBC Private bank (Monaco) S.A.911.67 mln EUR2.03%
 

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.

All branches of non-EEA banks operating in Monaco participate in the deposit guarantee scheme of France on the same terms as French credit institutions.

In the case of UNION BANCAIRE PRIVEE, UBP SA 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

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 UNION BANCAIRE PRIVEE, UBP SA is shown in the table below.

MFI ID  FR16648

European Presence: 6 banks in 6 countries

UNION BANCAIRE PRIVEE, UBP SA operates under the brand name UBP. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Italy

Jersey

Luxembourg

Monaco

  • (this bank) UNION BANCAIRE PRIVEE, UBP SA (MONACO)

Switzerland

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under UBP brand name has been recently closed down:

Belgium

Gibraltar