This article is for general information only. You should not act or refrain from acting in reliance of it. You should always obtain professional advice on the facts of your particular case. Nothing in this article constitutes financial advice. The owner of this site accepts no liability.

 

Banks in Monaco usually require assets to be pledged to the bank as well as taking a mortgage over the property. Essentially if there is a loan default the bank proceeds against the pledged collateral rather than enforces its mortgage by repossessing the property.

 

Normally the Monaco bank wants cash collateral or a share or bond portfolio. It is possible to offer other assets such as art collections and alternate investments. Please call me to discuss.

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