BIC-BRED (Suisse) SA
Origin of BIC-BRED (Suisse) SA
BIC-BRED (Suisse) SA is in Geneva since 1991 and has the banking license since August 2015. BIC-BRED is a wholly owned subsidiary of BRED Banque Populaire, which is a subsidiary of the BPCE Group the second largest banking group in France.
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Philosophy and Strategy
The pursuit of new customers is the key focus of BIC-BRED’s strategy. The bank will pursue the expansion strategy by building on human skills and remaining vigilant on the quality of counterparties and the risk associated with the bank’s activities.
The bank is also extending the commercial activities to institutional investors in the Swiss market and is offering capital market and financing activities to Swiss exporting companies.
The values on which the Group was founded are based on a combination of ethics and efficiency.
The benefits are:
- A close and robust relationship with the clients and the players in the market
- A high level of technical skill by the bank’s employees
- Constant innovation efforts to provide the required efficiency and a sound IT environment
- An ethical approach towards banking, and adopting a long-term view
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Services and Solutions
BIC-BRED (Suisse) SA is active in commodity trade financing. The bank is also active in corporate financing by providing a global offer of products and services, in particular, capital market activities.
The support of the BRED Group enables BIC-BRED (Suisse) SA to satisfy the needs of its customers, from the simplest to the most complex in all sectors: International, FX, derivatives, cash management, banking relations, structured finance and debt solutions.
The core activities of BIC-BRED are:
Trade Finance
BIC-BRED (Suisse) SA is a specialist in commodity financing and is active in the financing of energy commodities such as crude oil, refined products, agricultural commodities and ferrous and non-ferrous metals.
BIC-BRED has extensive knowledge of the commodities sector and enables it to finance the needs of its customers. The customers are traders, exporters, importers, distributors and primary processors.
BIC-BRED financing offers cover: Pre-financing, warehousing stages, inland transport stages, marine transport stages, securing the collection of the proceeds, hedging solutions for price and forex risks.
Energy
BIC-BRED’s expertise in the energy sector allows them to be active in the transactional financing of crude oil, refined products, natural gas, LPG, by way of issuing letters of credit, standby letters of credit and letters of indemnity.
The bank provides pre-financing for producers, financing for refineries, hedging operations to cover price risks, financing logistics (transport by boat, pipeline, etc.) and finally the credit risk from the buyer.
Metals
BIC-BRED (Suisse) SA is active in the financing of traders in ferrous (steel, iron ore) and non-ferrous (copper, aluminum, nickel, zinc) metals.
Soft Commodities
Agricultural and food products, as well as fertilizers, are the essential elements of trade and the economy.
BIC-BRED (Suisse) SA is active in the financing of these agricultural products like grains, oilseeds, vegetable oil and tropical products such as coffee, cocoa, sugar, cotton as well as chemical and mineral fertilizers.
Corporate Services
BIC-BRED offers:
Bilateral lines of credit
BIC-BRED (Suisse) SA as a specialist in commodity finance provides short-term credit lines, issues letters of credit, SBLC or market guarantees on behalf of its clients.
BIC-BRED also offers FX services thanks to the access to the forex platform of BRED.
Syndications
BIC-BRED assists significant traders in their development by participating in their syndicated financing programs. The bank engages in the financing of structured financing, like pre-financing and exports, arranged by some large traders with or without partial recourses.
Trading Room
The trading room engages in foreign exchange, rate management, and guaranteed capital investments.
The trading room offers customized solutions for the client’s specific needs. The trading room consultants analyze and study the client’s issues to reach the most suitable solution.
Banking Relationships
BIC-BRED and the BRED Group have established over the years a strong network of banking relationships covering all regions of the globe in more than 150 countries.
BIC-BRED (Suisse) SA offers its customers access to an extensive number of contacts facilitating their international transactions.
In addition to Europe BIC-BRED (Suisse) SA has capacity in the following geographical areas: Maghreb and Middle East, Algeria, Morocco, Tunisia, Mauritania, Egypt, West Africa (UEMOA), Central Africa (UMAC), East Africa (Djibouti, Ethiopia), China, India, Japan and the Americas.
Risk Management
BIC-BRED determines how much risk they are willing to take. The basis for determining the risks are
- The values of the bank’s business model set out in the activity report
- The risk management system and the loss absorption capacity
- The risk profiles
The risk appetite is used to define the level of risk accepted by the Board of Directors to generate a reliable return while offering an optimum level of customer service and maintain reputation, the solvency and the liquidity of the bank.
The main risks for BIC-BRED are the credit risk and the counterparty risk, the market risk, the balance sheet risk, especially the liquidity risk and the risk of rate structure. Additionally, there is the operational risk, including non-compliance risk, the legal risk, the security of computer systems and the risk of fraud.
The breakdown of the different risks is as follows: credit risk 87 %, operational risk 9% and the market risk 4%.
The rules, applicable to all business areas, are designed to ensure the highest level of ethical standards and operations, and the highest levels of transaction execution and security.
In 2017, the AML-CTF unit continued to enhance the counter-terrorism financing and anti-money laundering system.
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Added-Value Services
The banking income in HY1 2018 amounted to 9.3 million CHF, and this is an increase of 106% compared to the previous year. The solid progression is driven by the rise of the client portfolios in the core business of financing commodity trades. Operating expenses remained contained but raised by 21% due to the essential and growing investments in human resources and logistical resources.
Assets increased by the client’s loan book growth because of business expansion and the strengthening of relationships with the banks existing commodity trader portfolios.
Customer deposits increased by 39% because of the expansion of the customer base.
BIC-BRED (Suisse) SA – Facts & Figures
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| Address | Boulevard du Théâtre 8, 1204 Geneva |
|---|---|
| Phone | +41 22 312 30 70 |
| Website | www.bic-bred.com |
| Year of foundation | 2015 |
| Subsidiaries | – |
| No. of employees | 70.8 |
| Rating | – |
| Chairman | Stève Gentili |
| CEO | Emmanuel Lemoigne |
| Eligible Regulatory Capital | 116.510 m CHF |
| Tier 1 Ratio | 14.34 % |
| Leverage Exposure | 1.333 bn CHF |
| Leverage Ratio | 8.70 % |
| Liquidity Coverage Ratio | 131 % |
| Risk Weighted Assets | 812.563 m CHF |
| Loans outstanding | 838.719 m CHF |
| Assets under Management | – |
| Assets under Management / Employees | – |
| Net profit | 13.553 m CHF |
| Net Profit / Employees | 191’426 CHF |
| Cost / Income Cost Ratio (CIR) | 55.37 % |
| Return on Equity | 11.50 % |
| Own structured products | No |
| Foreigners accepted | Yes |
| Presence abroad | Parent Group BPCE France |
Source: Annual Report 2021
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