BankMed Suisse SA
Origin of BankMed Suisse SA
BankMed (Suisse) SA was founded in 1985 in Geneva and has a representative office in Beirut, Lebanon. BankMed belongs to the GroupMed, one of the largest financial and banking groups in Lebanon with a growing international presence. The group companies are BankMed Sal, Beirut, Med Investment Bank Sal, Beirut, Saudi Lebanese Bank Sal, Beirut, Saudi Oger Ltd, Riyadh, TurkLandBank as, Istanbul.
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Philosophy and Strategy
The philosophy is to preserve wealth across generations and achieve long-term capital appreciation with an acceptable risk level. BankMed has a disciplined investment approach, and this contributes to the confidence of their clients. The investment strategy is rather long-term, but the bank also keeps watching short-term opportunities.
Integrity is essential to the corporate culture of BankMed. The interests of the bank’s clients are always first, and it is vital to BankMed, that a conflict of interest never happens. The clients appreciate the bank’s objectivity, confidentiality, and independence. The bank often gets mandates that go beyond the management of the client’s assets.
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Services and Solutions
BankMed (Suisse) SA offers the whole range of banking services and has substantial expertise in the selection of investments. The primary business is the private banking, but they also offer commercial documentary credits, standby letters of credit as well as different guarantees.
Through the network of BankMed, a high-level team of specialist offers investment and corporate banking services.
The primary services BankMed offers are:
- Advisory Services
- Global Wealth Assessment
- Forex & Precious Metals trading
- Brokerage: Fixed Income, Equities, and Derivatives
- Investment Funds and Structured Products
- Fiduciary Transactions
- Commercial Banking
- Discretionary Management
Global Wealth Assessment is determining the principal objectives of the relationship. During several meetings with the client, BankMed brings to bear its knowledge and expertise.
The Advisory Service Team advises and supports the client in his investment objectives. With the increasing sophistication of the markets, the clients are not familiar with all the investment opportunities.
The Forex & Precious Metals trading can count on the most up-to-date data processing and electronic facilities. The execution team has a profound technical expertise and supports the clients in their investment decisions. The team is also specialized in derivatives trading.
The execution team has a wide range of different brokers for the execution of the fixed income, equities and derivatives transactions. BankMed has a worldwide network of available counterparties.
The advisory team is recommending suitable investment funds and structured products to their clients, depending on their investment requirements, like Benchmark linked capital guaranteed instruments.
Fiduciary Transactions are either executed with a member bank of the client’s choice or through a fiduciary loan with the lowest costs and the best possible conditions.
BankMed is engaged in commercial banking, like documentary credits for export and import business, standby letters of credit and all different kind of guarantees.
The most personalized service BankMed offers to their clients is the discretionary management. The client gives the investment guidelines, and the bank ensures optimal management of the assets.
Risk Management
The primary function of the risk management is to identify, measure and manage the risks effectively across all the units. The Board of Directors must set appropriate limits in line with the defined risk appetite. The limits must be controlled and monitored on a continuous basis. The capital must be allocated among the businesses correctly. Risk appetite is the amount of risk the bank is willing to take in consideration with the business objective and the strategic objectives.
BankMed maintains across the bank a strong risk culture and a robust risk policy. Risk awareness of all types of risks are the critical issues in the strategic decision daily by the Board of Directors, the Senior Management, and the employees.
The two main risks BankMed gets involved are the market risk and the credit risk. Within the market risk, the interest rate risk is managed and controlled regularly. The risk is managed through refinancing fixed-term advances and loans to customers at similar amounts, terms, and currencies. The exposure is limited regarding capital sensitivity.
The securities, money market and currency risks are monitored daily by the management. Only the Board of Directors can set limits and approve investments for the bank’s account.
The bank’s credit limits are authorized annually. The customer credit limits are either approved by the Credit Committee or the Board of Directors. The quality of the credits is, and for non-performing loans, provisions are recorded.
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Added-Value Services
BankMed’s total revenue increased by 16% in 2017 compared to a year earlier. The main reason for the profit jump was the strength of the business in wealth management and the excellent market in credit/trade finance. The private banking could generate revenues of 5.3 million CHF an increase of
32 % compared to 2016. Credit & Trade Finance increase their revenue by 19 % to 5.6 million CHF. BankMed has a very high Tier 1 ratio of 40.09%, and the cost to income ratio is among the lowest of the banks in Switzerland at 58 %.
BankMed Suisse SA – Facts & Figures
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| Address | Rue du Mont-Blanc 3, 1211 Geneva |
|---|---|
| Phone | +41 22 906 06 06 |
| Website | www.bankmed.ch |
| Year of foundation | 1985 |
| Subsidiaries | 1 |
| No. of employees | 337 |
| Rating | – |
| Chairman | Michel Accad |
| CEO | Fadi Halout |
| Eligible Regulatory Capital | 71.895 m CHF |
| Tier 1 Ratio | 40.20 % |
| Leverage Exposure | 548.733 m CHF |
| Leverage Ratio | 13.00 % |
| Liquidity Coverage Ratio | 376 % |
| Risk Weighted Assets | 178.843 m CHF |
| Loans outstanding | 109.840 m CHF |
| Assets under Management | 897.217 m CHF |
| Assets under Management / Employees | 27.188 m CHF |
| Net profit | 8.351 m CHF |
| Net Profit / Employees | 253’060 CHF |
| Cost / Income Cost Ratio (CIR) | 209.00 % |
| Return on Equity | 11.36 % |
| Own structured products | No |
| Foreigners accepted | Yes |
| Presence abroad | Lebanon |
Source: Annual Report 2021
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