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.
Mediobanca (Italy) | Eligible Clients |
|---|
| local and international clients |
| Services |
| private banking wealth management financing |
| 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 Compagnie monegasque de banque 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 Compagnie monegasque de banque and its components are shown in the table below.
| BIC | CMBMMCMXXXX |
| Bank BIC Code | CMBM |
| 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 Compagnie monegasque de banque is shown in the table below.
| MFI ID | FR17569 |
