Lloyds TSB International Private Banking opened its Monaco branch in 1924, making it one of the longest established banks in the Principality. Our Monaco branch operates under Monegasque Banking rules which include a strict code of banking secrecy and complete confidentiality for our clients.

It is also the only Bank in the Principality to have a Moody’s Aaa credit rating. Monaco offers an attractive tax system based on corporate rather than personal income tax. Monegasque residents are not subject to personal income tax and non-residents may benefit from certain advantages depending on their tax status in their country of residence.