In August 2017, Crédit Suisse (Monaco) was acquired by J. Safra Sarasin Group and changed its name to Banque JSS (Monaco) SA. Banque JSS (Monaco) SA has merged with Banque J. Safra Sarasin (Monaco) SA.
Banque JSS (Monaco) SA was the 10th largest bank in Monaco in terms of total assets. In 2016 its total assets were 1 923,47 mln EUR, providing the bank with the market share of 4.32%.
Banque JSS (Monaco) SA participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.
| Total Assets (2016) |
|---|
| 1 923.47 mln EUR (-30.61%) |
In 2016 total assets of Banque JSS (Monaco) SA were 1 923.47 mln EUR. Decline compared to the previous period (2015) was -30.61%. The evolution of the total assets of Banque JSS (Monaco) SA is shown at Chart 1 below.
Chart 1. Total Assets of Banque JSS (Monaco) SA.
| Total Assets (2016) |
|---|
| 10th (market share 4.32%) |
In 2016 Banque JSS (Monaco) SA was the 10th largest bank in Monaco in terms of total assets, having 4.32% of market share.
Chart 2. Market share of Banque JSS (Monaco) SA
Several banks with market shares closest to Banque JSS (Monaco) SA are shown below.
| Rank | Name | Total Assets | Market Share |
|---|---|---|---|
| 9 |  Edmond de Rothschild (Monaco) | 1971.44 mln EUR | 4.42% |
| 10 |  Banque JSS (Monaco) SA (closed) | 1923.47 mln EUR | 4.32% |
| 11 |  UNION BANCAIRE PRIVEE, UBP SA (new) | 1132.93 mln EUR | 2.54% |
| 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.
Credit institutions operating in Monaco participate in French deposit guarantee scheme on the same terms as French credit institutions.
In the case of Banque JSS (Monaco) 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 |
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Banque JSS (Monaco) SA and its components are shown in the table below.
| BIC | CRESMCMXXXX |
| Bank BIC Code | CRES |
| Country Code | MC (Monaco) |
| Location Code | MX |
| Branch Code | XXX |
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 Banque JSS (Monaco) SA is shown in the table below.
| MFI ID | FR14048 |
This bank operates in the following European countries and selected dependent territories of the European countries:
