CFM Indosuez Wealth Management has been named Best Bank in Monaco by Global Finance magazine for the sixth consecutive year.

The ranking covers 150 countries and highlights banks that are leaders on their market based on solid results and the ability to meet the specific needs of their clients in a highly complex market environment. Global Finance’s experts analyse the performance of banks based on objective criteria, including asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation.

“In a competitive and demanding market, this award reflects the pursuit of excellence shared by the 400 employees of CFM Indosuez Wealth Management, which is celebrating 100 years of supporting families and businesses in the management and protection of their private and professional wealth,” said the bank in a statement on Tuesday.

CFM Indosuez Wealth Management’s roots date back to 1922, when it was created by prominent Monegasque families, some of whom still hold nearly 30% of the bank’s share capital.

It now has five branches in the principality and Monaco’s biggest trading floor.

“Our teams, comprising nearly 400 highly specialised employees, combine their knowledge of the principality’s international environment with the vast expertise and opportunities provided by the global network of Indosuez Wealth Management and Crédit Agricole Group,” says the bank.