Business & Finance
Monaco’s SBM reports strong half-year earnings, boosted by hospitality and real estate
Monaco’s state-linked hospitality and gaming group, Société des Bains de Mer (SBM), has posted robust earnings for the first half of its 2025/2026 financial year, with revenue climbing 10% year-on-year to €542.5 million.
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2024 in Monaco: fewer cars, more jobs, and the quiet economic evolution
From a surge in employment to a booming real estate sector, Monaco’s 2024 key figures from IMSEE reveal a Principality continuing its upward economic trajectory – but with some telling shifts.
Indosuez moves to acquire BNP Paribas wealth clients in Monaco
CFM Indosuez Wealth Management has announced plans to acquire the wealth management clientele of BNP Paribas in Monaco, a deal that would reinforce its dominance in one of Europe’s most affluent...
Monaco property market breaks records in Q1 2025, led by landmark completions
According to IMSEE’s first quarter economic report for 2025, new-build sales totalled €1.9 billion across just 42 transactions—a level of quarterly activity rarely seen, and only surpassed in...
Interview: EY’s Hanne Jesca Bax on power, purpose, and preparing for disruption
In a time when disruption is no longer a forecast but a constant, leadership itself is undergoing a transformation. The traditional model — commanding, certain, individualistic — is being...
Monaco posts record-breaking €5 billion revenue in first quarter of 2025
The largest contributor to the record figure was the scientific and technical services sector, which added €400 million to Monaco’s economy—a 42.9% increase over Q1 2024. This was largely...
Bénédicte Chrétien named CEO of CFM Indosuez Wealth Management in Monaco
CFM Indosuez Wealth Management, the Monegasque arm of Crédit Agricole Group’s private banking division, has announced the appointment of Bénédicte Chrétien as its new Chief Executive Officer.
