After a period of turbulence, Monaco's economy is regaining its dynamism. Régis Étienne, Regional Director of Banque Populaire Méditerranée in Monaco, analyzes the situation and prospects for 2025.
The Role of Banque Populaire Méditerranée in Monaco’s Economic Ecosystem
Banque Populaire Méditerranée is a key player in business financing in Monaco. We actively contribute to the economic development of the Principality by supporting both local and international entrepreneurs. We offer tailored financing solutions and provide our expertise to assist them in their growth, including international expansion through the BPCE Group network.
For example, we supported the development of a company manufacturing machines for the hospitality sector (Cafés, Hotels, and Restaurants) in international markets such as Asia and North Africa. Our services also extend to wealth management, offering a comprehensive approach to our clients.
How is Monaco’s Economy Doing After the Turbulence of Late 2024?
Monaco’s inclusion on the FATF (Financial Action Task Force) grey list undeniably impacted economic activity. Our role was to support our clients during this period. Since January 2025, we have observed a strong recovery. Entrepreneurs are once again confident, investing, and seeking growth opportunities. This renewed dynamism is very encouraging for Monaco.
What Role Did AMAF Play During This Period of Turbulence?
AMAF (Monaco Association for Financial Activities) played a crucial role during this time. Under the leadership of its President, Robert Laure, AMAF not only kept financial sector players informed but also facilitated dialogue with the government.
Although this period was challenging, it allowed Monaco to make further progress and strengthen its already high security standards to international levels. AMAF acted as a key channel of communication between the Monegasque government and financial institutions.
Is the Real Estate Market Showing Signs of Recovery?
Yes, demand for real estate financing, particularly for apartments, is increasing. The market is picking up again after a slowdown caused by the completion of major projects and tensions surrounding interest rates.
What Are Your Goals for 2025?
We aim to continue our growth in service to the Principality. Through our proximity, professionalism, and expertise, Banque Populaire Méditerranée intends to remain a trusted partner for both entrepreneurs and individuals in Monaco.
