BCP Bank – Banque de Commerce et de Placements Ltd.
Origin of BCP Bank – Banque de Commerce et de Placements Ltd.
BCP was established in 1963 in Geneva. The Head Office is in Geneva, and BCP has two branches in Luxembourg and Dubai. 69% of the stock is held by Borak Ltd., a Swiss holding company, and 31% by Yapi ve Kredi Bankasi A.S., Istanbul, Turkey.
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Philosophy and Strategy
The clients of BCP Bank – Banque de Commerce et de Placements Ltd. are private, commercial or financial institutions. As a top service provider, BCP has a solid reputation. The philosophy is to approach people in the appropriate place with the proper services and products. BCP is well known for its innovative and tailor-made products, which give their client added value. BCP wants to grow organically and has a prudent diversification approach in all business areas with a clear focus on quality.
In 2017 we had on one side geopolitical tensions and uncertainties, and BCP had to adopt are more flexible and cautious way of business, but on the other side, the world trade environment improved sharply. The strategy is to increase the customer base and to expand the business in a controlled way. The clients appreciate BCPs flexible decision-making process.
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Services and Solutions
BCP has four main business areas. Wealth Management, Commodity Trade Finance, Correspondent Banking and Treasury services. The bank offers all the services of a Swiss universal bank. Since 2000 the bank concentrates on commodities financing for merchants and large corporations. BCP Bank – Banque de Commerce et de Placements Ltd. is a leading player worldwide in this field. The highest expertise is in oil and its derivatives, followed by coal, oleaginous products, cereals and ferrous and non-ferrous products.
BCP serves as a bridge between consumers, including some niche markets, and producers. BCP offers a full range of services like structured trade finance like port financing, railway bill financing, pre-financing to selective steel mills, export receivable financing, documentary instruments such as letters of credit, advance payment guarantees and forfaiting and syndications. In the wealth management area, BCP has an open-architecture approach and operates in the client’s best interest.
It is crucial for the bank to know the client personally and to give him the best service for his needs. BCP has a vast experience in tax systems and developed reporting tools for annual tax returns. The facilities include investment, allocation and management services and strategies, discretionary and advisory portfolio management and portfolio hedging. The markets in which BCP operates are fixed income, equities, derivative products, foreign exchange, precious metals and investment funds.
BCP offers brokerage services for securities as well as custody and administrative services for securities. Fiduciary deposits, structured products, and Lombard loans. Issuance of letter of credits and guarantees, services for family offices, general banking services. The Luxembourg branch is also specialized in investment funds and foundations. The International department handles trade finance transactions with over 117 countries and establishes countries and financial institutions with lines.
The services include correspondent banking accounts, deposit and money market, guarantees and counter-guarantees, import and pre-import advances, repo and Lombard financing and Sharia-compliant investments. The Treasury Department is responsible for the liquidity management and offers fixed income, money market and foreign exchange products such as spot, forward and swap transactions for their client’s hedging and investment needs. Bond trading, bond futures, different kind of swaps, foreign exchange and interest rate management.
Risk Management
BCP continues the ongoing adjustments to its risk appetite and keeps the focus on prudent liquidity and capital management. It has strengthened the risk management organization and reinforced its guidelines, controls, and methods. The risk culture is based on explicit risk tolerance, reduce the operational risk, have a prudent approach and actively monitors the risk. The main dangers are the market risk, the country risk, the default risk, the liquidity risk, the operational risk and the legal risk.
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Added-Value Services
In 2018 a new platform will be available for the commodity trade finance department. This platform will monitor the risk and control the positions of the customers. BCP is the only Swiss bank offering local trade finance and wealth management services in Dubai. BCP has a foreign trading platform and provides daily and weekly financial market reports. BCP offers their clients a secure and matured internet banking.
BCP Bank – Banque de Commerce et de Placements Ltd. – Facts & Figures
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| Address | 1, Rue de lan Fontaine, 1211 Geneva |
|---|---|
| Phone | +41 58 909 19 19 |
| Website | www.bcp-bank.com |
| Year of foundation | 1963 |
| Subsidiaries | 2 |
| No. of employees | 166.6 |
| Rating | Fitch BBB- |
| Chairman | Alain Bruno Lévy |
| CEO | Naci Sigin |
| Eligible Regulatory Capital | 511.405 m CHF |
| Tier 1 Ratio | 13.30 % |
| Leverage Exposure | 5.205 bn CHF |
| Leverage Ratio | 9.80 % |
| Liquidity Coverage Ratio | 247 % |
| Risk Weighted Assets | 3.846 bn CHF |
| Loans outstanding | 2.194 bn CHF |
| Assets under Management | – |
| Assets under Management / Employees | – |
| Net profit | 22.895 m CHF |
| Net Profit / Employees | 137’424 CHF |
| Cost / Income Cost Ratio (CIR) | 52.14 % |
| Return on Equity | 4.13 % |
| Own structured products | No |
| Foreigners accepted | Yes |
| Presence abroad | Luxembourg, Dubai |
Source: Annual Report 2021
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