Private banks
in Monaco
Lombard lines, securities-backed lending and long-term mortgage debt in the Principality are private banking products. We introduce clients to the banks that provide them.
Lombard and securities-backed lending
Credit secured on a pledged portfolio of securities, funds or cash held with the bank. The client keeps the portfolio; the bank applies an advance rate to it and can call for more collateral if its value falls.
Mortgage lending on Monegasque property
Long-term debt secured on the property itself. Private banks active in the Principality underwrite on global wealth and liquidity rather than local income, and an assets-under-management relationship is frequently part of the structure.
Refinancing a bridge at its exit
Where a property was acquired with a short-term bridge, long-term bank debt is often how that bridge is repaid once the asset is settled. Planning the bank introduction before the bridge is drawn is the practical approach.
Passy Partners works with Monaco-based private banks and courtiers rather than as a Monegasque-licensed lender or broker. Terms on any bank facility are set by the bank alone.
How an introduction works
It starts with a short brief: what would be pledged or financed, the amount, the purpose and the timing, and where the client and any holding structure sit. That is enough to judge which of the private banks we work with across Monaco, Switzerland, Luxembourg and France is likely to have appetite, and to spare the client a round of conversations with banks that do not.
After the introduction, the bank takes over. It runs its own onboarding and credit process, decides what it will lend and on what terms, and the relationship is the client's and the bank's. We do not quote bank terms, we do not negotiate them, and we do not arrange Lombard, securities-backed or long-term mortgage facilities. Regulated business is carried out by the authorised institution.
Where we do arrange is the property-secured side. A buyer who needs to move before long-term bank debt is in place can acquire with a bridge secured on the Monegasque property, which is our mandate business, and refinance it with a private bank once the asset is settled. The two are planned together, which is set out in our note on refinancing a bridge through a private bank. Where the question is whether to fund a purchase through a portfolio line or through debt on the property, see Lombard loan or property-backed finance.
See also bridge and development finance in Monaco, bridge loans for Monaco property and private bank introductions.
Monaco private banks,
answered.
Securities-backed lending, also called a Lombard loan, is provided by private banks against a portfolio of securities, funds or cash pledged with them, usually within a wider banking relationship. The bank assesses the portfolio, applies its own advance rate and runs its own onboarding and credit process. Passy Partners does not provide or arrange these facilities. What we do is introduce clients to the private banks we work with across Monaco, Switzerland, Luxembourg and France, after a short brief on the portfolio, the amount and the purpose, so the conversation starts with a bank likely to have appetite for it.
Looking for the right private bank?
Send a short brief. We will tell you which bank is a sensible fit, and whether a facility on the property would serve you better.