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Economy and Banking Sector of Monaco

Major Banks of Monaco

RankNameMarket %Total Assets
1 Barclays bank plc monaco23.15 %16,282.06 mln EUR   (-1.86%)
2 CMB MONACO12.63 %8,887.95 mln EUR   (+2.88%)
3 CFM Indosuez Wealth10.90 %7,670.51 mln EUR   (+7.69%)
4 UBS (MONACO) S.A.10.11 %7,109.94 mln EUR   (+3.61%)
5 Société générale private banking (Monaco)7.97 %5,608.01 mln EUR   (+4.76%)
6 BANK JULIUS BAER (MONACO) S.A.M.7.87 %5,538.19 mln EUR   (-23.77%)
7 Edmond de Rothschild (Monaco)6.27 %4,407.61 mln EUR   (-3.49%)

#1: Barclays bank plc monaco

Barclays Bank is a global universal bank, offering retail, private, corporate and investment banking products and services worldwide. Barclays established its office in Monaco in 1922. Barclays Bank Plc (Monaco) is focused on providing private banking solutions to individuals, family offices, intermediates, corporates and non-for-profit organizations.

Services
private banking
wealth advisory
discretionary services
real estate financing
structured finance
securities-backed financing
trade finance
Clients
individuals
family offices
corporates
non-for-profit organizations
Area Served
WorldwideWorldwide
Products
treasury deposits
money market funds
notice accounts

Barclays bank plc monaco ranks as the 1st largest bank in Monaco by total assets. In 2023 its total assets were 16,282.06 mln EUR, representing a 23.15% market share. In 2023 the bank's net income was 45.40 mln EUR.

Barclays bank plc monaco participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: CMB MONACO

Founded in 1976, Compagnie Monegasque de Banque (CMB) is specializing in international private banking in Monaco. It is a wholly owned subsidiary of Mediobanca SpA, an Italian investment bank listed on the Milan stock exchange.CMB offers clients a range of products and services organised around three core businesses: private banking, investment management and financing.

Services
private banking
wealth management
financial markets
investment advisory
portfolio management
Clients
high net-worth individuals
asset managers
Area Served
MCMonaco
internationallyinternationally
Products
real estate loans
mortgage loans
lombard loans

CMB MONACO ranks as the 2nd largest bank in Monaco by total assets. In 2023 its total assets were 8,887.95 mln EUR, representing a 12.63% market share. In 2023 the bank's net income was 57.41 mln EUR.

CMB MONACO participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: CFM Indosuez Wealth

Authorized in 1992, Credit Foncier de Monaco (CFM) is a member of Credit Agricole Group offering products and services in private banking and wealth management to domestic and international individuals, families, entrepreneurs, associations and foundations. In November 2015 Credit foncier de monaco changed its name to CFM Indosuez Wealth.

Services
wealth management
credit solutions
private banking
Clients
families
entrepreneurs
ultra-high net worth individuals
intermediaries
institutions
Area Served
MCMonaco
internationallyinternationally

CFM Indosuez Wealth ranks as the 3rd largest bank in Monaco by total assets. In 2023 its total assets were 7,670.51 mln EUR, representing a 10.90% market share. In 2023 the bank's net income was 60.77 mln EUR.

CFM Indosuez Wealth participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: UBS (MONACO) S.A.

Present in Monaco since 1956, UBS (Monaco) is focused on delivering comprehensive wealth management services to individuals, families and corporates around the world. UBS (Monaco) provides bespoke financial advice, investment solutions and tools to fit their individual needs.

Services
wealth management
investment services
wealth planning
securities-backed financing
real estate financing
corporate aircraft financing
Clients
individuals
families
corporates
Area Served
WorldwideWorldwide

UBS (MONACO) S.A. ranks as the 4th largest bank in Monaco by total assets. In 2023 its total assets were 7,109.94 mln EUR, representing a 10.11% market share. In 2023 the bank's net income was 48.46 mln EUR.

UBS (MONACO) S.A. participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: Société générale private banking (Monaco)

Société Générale Private Banking is a division of Société Générale Group (France) offering private banking and wealth management products and services. Opened in 1997, Societe Generale Private Banking (Monaco) is dedicated to serving ultra-high net-worth clients.

Services
private banking
wealth management
family governance
pension planning
succession planning
real estate finance
yacht or jet finance
investment management
portfolio management
Clients
ultra-high net-worth individuals

Société générale private banking (Monaco) ranks as the 5th largest bank in Monaco by total assets. In 2023 its total assets were 5,608.01 mln EUR, representing a 7.97% market share. In 2023 the bank's net income was 22.94 mln EUR.

Société générale private banking (Monaco) participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: BANK JULIUS BAER (MONACO) S.A.M.

In 2010, ING Bank (Monaco) SAM was re-branded to Bank Julius Baer (Monaco) SAM and ING Bank (Jersey) Limited to Bank Julius Baer (Jersey) Limited. Bank Julius Baer (Monaco) specializes in international private banking and wealth management.

Services
wealth management
precious metal operations
global custody
investment advisory
lombard lending
structured products
wealth planning
Clients
high net worth individuals
family groups
institutions
Area Served
WorldwideWorldwide

BANK JULIUS BAER (MONACO) S.A.M. ranks as the 6th largest bank in Monaco by total assets. In 2023 its total assets were 5,538.19 mln EUR, representing a 7.87% market share. In 2023 the bank's net income was 29.62 mln EUR.

BANK JULIUS BAER (MONACO) S.A.M. participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: Edmond de Rothschild (Monaco)

Edmond de Rothschild is a family-owned financial group, specialising in private banking and asset management. Edmond de Rothschild group also provides corporate finance, private equity and fund administration solutions. Edmond de Rothschild (Monaco) offers private banking, wealth management and life insurance solutions.

Services
private banking
asset management
corporate finance
private equity
fund administration
real estate investing
investment services
wealth engineering
Clients
ultra-high net-worth individuals
family groups
institutions
Area Served
WorldwideWorldwide

Edmond de Rothschild (Monaco) ranks as the 7th largest bank in Monaco by total assets. In 2023 its total assets were 4,407.61 mln EUR, representing a 6.27% market share. In 2023 the bank's net income was 52.69 mln EUR.

Edmond de Rothschild (Monaco) participates in the deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also

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