FINANCIAL CENTRE

Financial actors

Monaco’s financial Centre is supported by a solid network of private banks affiliated with world-renowned groups, retail bank branches and nearly 70 management companies with varied financial expertise, all members of the Monaco Association for Financial Activities (AMAF).

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SOME FIGURES

(IMSEE 2024)

financial institutions, including 25 banks and 68 asset management companies

in assets under management

+176 bil€

employees in the financial sector

+3300

in customer loans

+30 bil€

contribution to Monaco’s GDP

+18%

BANKING SERVICES

Monaco’s banking sector offers all traditional banking services — account management, payment methods, real estate financing, order reception and transmission — while distinguishing itself with a range of high-end private banking services. These services provide access to high-performance financial solutions and products and guarantee tailor-made support, adapted to the expectations of a particularly demanding clientele.

Private Banking

Advisory services, discretionary management and wealth engineering

Monaco’s private banks have their own trading rooms and offer a wide range of high-end services, from investment advice and discretionary management to estate planning. They stand out for their ability to offer tailor-made solutions that are perfectly suited to the specific needs of each client, taking into account their profile, financial objectives, risk tolerance and investment horizon.

In addition, Monaco enjoys an international reputation in the areas of fund management and fiduciary services, backed by proven expertise in structuring and managing substantial and/or complex assets. Private equity is playing an increasingly strategic role, illustrating Monaco’s commitment to sustainable growth and a dynamic approach to wealth management.

Real estate financing

The Monegasque property market is one of the most exclusive and dynamic in the world. It attracts an international clientele seeking asset diversification and security, driven by an advantageous tax environment, an exceptional living environment and properties offering very high standards.

Supported by steady growth, this market offers real opportunities, both for the acquisition of primary or secondary residences and for rental investments or resale transactions. The Principality’s banks support their clients at every stage of their project, offering tailor-made solutions that take into account tax considerations, financing needs and wealth transfer issues.

Superyachts financing

While the purchase of a superyacht can be paid for in a single cash transaction, it is also possible to obtain bank financing during the construction phase, particularly for vessels over 40 meters in length. This solution allows buyers to preserve a significant portion of their liquidity while benefiting from strategic leverage.

The financial structuring of such a project generally requires the joint involvement of maritime sector experts, financial advisors and tax specialists, all of whom are well represented in Monaco’s financial Centre. In this type of transaction, confidentiality is essential and scrupulously guaranteed by the Principality’s banking institutions.

Retail banking

Supported by a cosmopolitan population and a dynamic economic fabric, retail banking institutions in Monaco offer a comprehensive range of high-quality banking services and products: current accounts, mortgages, consumer loans, as well as accessible savings and investment solutions.

They also provide their customers with high-performance online services, enabling simple and secure remote management of accounts and transactions, while ensuring a high level of confidentiality and data protection.

Corporate banking

Corporate activities are a key driver of Monaco’s economic development. Present at every stage of a company’s life cycle – from creation to transfer, including phases of internal or external growth – corporate banks offer comprehensive financial solutions tailored to the specific needs of each organisation. These solutions take into account the nature of the business, its capital structure and the wealth management issues facing its managers.

Corporate banks are involved in all areas of the balance sheet, using traditional financing tools such as investment loans and international financing. They complement this offering with innovative, tailor-made solutions offering high added value, such as factoring, credit insurance and support for international development.

As trusted partners in long-term financing operations, they also support companies during capital increases, openings to investors or IPO projects.
The banking subsidiaries and branches established in the Principality also benefit from the expertise of the major European groups to which they are affiliated, thus positioning themselves as true integrators of know-how at the service of the local economic fabric.

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ASSET MANAGEMENT

Asset management is constantly growing and is one of the main drivers of development for Monaco’s financial Centre. It is aimed at wealthy clients, both residents and non-residents, offering a range of high-end, diversified and innovative services.
Three complementary approaches are available.

Client advice

This service, governed by an agreement, is based on an in-depth analysis of the client’s investor profile and the composition of their assets, in accordance with current regulations. It provides guidance on investment choices in a fully transparent manner, while leaving the final decision to the client.

Discretionary management

This involves the discretionary and personalised management of a portfolio of financial instruments, implemented within the framework of a mandate defined by a specific agreement. This agreement takes into account the investor’s profile, financial objectives and desired level of risk exposure. The client entrusts the financial institution with all or part of the management of their assets, according to a strategy developed jointly and implemented by the management team.

Collective management

This covers collective investment undertakings governed by Monegasque law (mutual funds or investment funds) or foreign law, managed from the Principality. This solution gives clients access to high-quality financial products, managed locally by experienced professionals.

Find out more about entering into a business relationship with an asset management company

Fintechs

Against a backdrop of profound transformation in the financial sector, Monaco is establishing itself as an innovative player by structuring an attractive and high-performing FinTech ecosystem.

Building on the stability and recognised expertise of its financial Centre, the Principality supports the development of financial technologies and promotes the emergence of digital solutions tailored to the needs of both investors and businesses.

A few concrete actions illustrate this evolution:

Support for start-ups: Since 2017, the MonacoTech incubator has been supporting young technology companies by offering them an environment conducive to innovation and growth.
Digitalisation of financial services: Monegasque institutions are integrating FinTech technologies to optimise asset management, secure payments and strengthen regulatory compliance.
Evolution of the regulatory framework: Monaco is gradually adapting its legal environment to promote innovation while maintaining high standards of security, transparency and data protection.

This strategy enables the emergence of high-potential solutions in key areas:

Digital asset management, with real-time decision support and portfolio monitoring tools;
Digital payments, contributing to smoother, faster and more secure transactions;
Blockchain technologies, paving the way for a new generation of transparent, traceable and decentralised financial services.

Thanks to a solid regulatory framework, strong international appeal and a clear commitment to supporting innovation, Monaco now offers a privileged environment for players seeking to combine technology and financial excellence.

SUSTAINABLE FINANCE

Banks and asset managers are adopting standards aligned with international best practices in green finance and impact investing, and offering competitive responsible finance solutions backed by strategic partnerships with international institutions.

The following actions illustrate this commitment:

Monaco Sustainable Finance : A government initiative integrating ESG criteria into asset management, including the Constitutional Reserve Fund;
Monaco Sustainable Finance Forum : A forum for exchange and innovation bringing together experts and investors around sustainable finance issues;
Financing and support for innovative start-ups in the energy transition and sustainable technology sectors;
Creation and development of the Monegasque Association for Sustainable Finance (AMFiD).

The Monaco Financial Centre combines stability, expertise and environmental commitment to meet the expectations of investors and companies seeking to balance financial performance with social responsibility.

Monaco’s financial institutions are also actively committed to philanthropy, providing specialised services and supporting initiatives with a strong social and environmental impact.

In concrete terms:

Monaco’s financial institutions support their clients in their philanthropic endeavoursby facilitating the structuring and implementation of charitable actions aligned with their values and objectives;
Educational programmes dedicated to philanthropy are developed to raise awareness and train patrons in best practices in the sector. These initiatives aim to optimise the effectiveness and scope of philanthropic commitments by promoting a strategic and sustainable approach;
At the same time, the Principality’s financial players are placing social responsibility at the heart of their commitments. They support projects related to health, education, environmental preservation and sustainable development, thereby reinforcing the positive impact of Monaco’s financial Centre at the local and international levels.