EFG in Monaco

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EFG Bank (Monaco)

  • Villa Les Aigles
    15 avenue d'Ostende
    Boîte postale 37 - 98001 Monaco
  • +377 93 15 11 11
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EFG Bank (Monaco)

35 boulevard Princesse Charlotte - 98000 Monaco

EFG Asset Managers SAM

35 boulevard Princesse Charlotte - 98000 Monaco

Our approach

At EFG, we are there for you, whenever and wherever you need us. It’s why we operate in 40 locations worldwide, to make sure we’re never too far away. We take the time to truly understand your needs and we think ahead to ensure that the next steps we take always lead in the right direction – to your success. By giving our CROs the freedom to make smarter choices for each individual client’s needs, you’ll experience private banking that is uniquely built around you.

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Financial place

The Monegasque financial landscape is made up of credit institutions and financial services companies. The presence of large foreign bank and finance industry groups with a wide range of nationalities make Monaco a resolutely international market.

Monaco's financial marketplace dates back to the end of the nineteenth century, when the first deposit banks opened in the Principality. Most of these banks were French.

However, the financial industry did not really take off until the 1970s, when expansion was stimulated by an imaginative and active policy on the part of the public authorities and by the effect of a long period of economic growth and political and social stability.

Today, Monaco has a very extensive banking network, comprising around forty full service banks. The banking and finance industry is now one of the strengths of the Principality’s economy.

Monaco is an extremely prosperous jurisdiction. The total asset has been multiplied by 3 in 15 years to reach 140 billion euros.

Strong data protection regulation monitored by a local regulator, the Commission de Contrôle des Informations Nominatives (CCIN).

Monaco's continued attraction as a financial center is not surprising in light of its wide range of exceptional advantages that include:

  • high quality infrastructure and dedicated professionalism,
  • a diversified economic base
  • an attractive tax regime
  • Well placed geographically and between time zones
  • Excellent customer protection through strong regulation

Key market features

Robust financial expertise

All of the banks operating in Monaco belong to leading banking groups.

Truly international

70% of the industry's assets belong to non-resident clients from across Europe and sub-Saharan Africa, the Middle East, Latin America and Asia-Pacific.

Strictly regulated

Monegasque banks are supervised by the Autorité de Contrôle Prudentiel et de Résolution, subject to the same prudential and regulatory rules as French banks.

Strong data protection

Strong data protection regulation monitored by a local regulator, the Commission de Contrôle des Informations Nominatives (CCIN).

Internationally recognized

AMAF is an associate member of the European Banking Federation, the united voice of banks established in the European Union and European Free Trade Area.