Financial Services

Open a Personal or Corporate Account at a First-Class Bank in Monaco

Local Banks in Monaco

Local Bank in Monaco

Year of foundation: 1976

Headquarters: Monte Carlo, Monaco

Offices: Monte Carlo

Rating: BBB (Mediobanca)

Tier 1 Ratio: 14.1% (Mediobanca)

AuM: CHF 13bn

Staff: 240

Strengths

• 100% owned by Mediobanca (BBB), the leading Italian investment bank (4,805 staff) with branches and offices in Frankfurt, London, Luxembourg, Madrid, New York and Paris, listed on the Milano stock exchange (here)

• Extremely solid balance sheet: shareholders equity of EUR 1bn

• Reference private bank for high-end clients based in Monaco and abroad due to its strong shareholder Mediobanca

• New management structure and CEO since 2019

• Creator of Corporate and Investment Banking (CIB) opportunities for entrepreneurs and investors due to strategic partnership with Mediobanca

• Strong DNA as a Monegasque banking institution

• Local decision making

Weaknesses

• Relative small size

• Cumbersome on-boarding

Services and Fees

Yearly account fee: Free of charge

Hold mail fee: EUR 200

Online payments: Available

Brokerage / Custody

All-in fee: 0.20% p.a. 

• for AuM CHF 2-5m

• no separate ticket fee

Lending

Lombard lending: Competitive LTV ratios

Residential real estate: high-end properties in Monaco, French Riviera, Paris, and the French Alps

• Capacity to assist on large and complex financing requests

Commercial real estate: in Monaco only