Newsletter
Enter your email address to receive UBP's newsletter directly in your inbox
UBP Monaco has been present in the Principality since 2014 following the acquisition of Lloyds Banking Group’s international private banking business. The acquisition of Coutts International’s activities in 2015 allowed UBP Monaco to further establish itself as an important player in the Monaco financial sector. The Monaco branch is a true booking centre and concentrates on private banking activities. UBP Monaco falls under the jurisdiction of the Monegasque and French regulatory authorities and banking laws.
More than half of UBP Monaco’s clients are Monaco residents. The Bank offers them a full spectrum of private banking services, including discretionary mandates, investment advisory services, market access and wealth-planning services (mortgage and Lombard lending). UBP Monaco is committed to providing a flexible and personalised service, suited to each client’s individual needs.
In the current global environment, Monaco remains a competitive location for banking services, being a politically stable country with a strong economy. Building on these solid foundations, our intention is to keep growing our business in Monaco.
The deposit guarantee and crisis resolution scheme, Fonds de Garantie des Dépôts et de Résolution (FGDR), created by the law of 25 June 1999, protects clients when their bank fails. Its “deposit guarantee” compensates holders of deposit and savings accounts for losses of up to EUR 100,000 per person and per institution; the “investor compensation” covers up to EUR 70,000 worth of securities in any kind of financial instrument per person and per institution; and the “guarantee for mandatory guarantees delivered by a bank” covers the mandatory financial backing delivered by banks to their clients.
The FGDR can also intervene preventatively and contribute to crisis resolution before an institution fails, to preserve clients.
For more details about the deposit guarantee scheme on the FGDR website, click here.
For further information about the FGDR, please download the brochure on the Fonds de Garantie des Dépôts et de Résolution.
Union Bancaire Privée, UBP SA, Succursale de Monaco
Boulevard des Moulins 11
BP 106
MC 98002 Monaco Cedex
Tel : +377 92 16 58 58
Fax : +377 92 16 58 69