According to its official website, BIC-BRED (Suisse) is the short name of Banque Internationale de Commerce – BRED (Suisse) SA. Present in Geneva as a branch since 1991, it became a fully fledged Swiss bank after receiving a banking licence from FINMA in August 2015. The bank is a wholly owned subsidiary of BRED Banque Populaire, one of the main parent companies of Groupe BPCE, France's second largest banking group. It serves traders of energy, metals and agricultural commodities with pre-financing, letters of credit, SBLCs and guarantees, bilateral and syndicated loans, foreign exchange and interest rate hedging, cash management and correspondent banking; the site stresses that it does not lend to individuals and that personal loan offers do not come from the bank. In 2022 it opened BIC-BRED (Suisse) SA DIFC Branch in the Dubai International Financial Centre; the branch is listed in the DFSA register as the branch of a non-DIFC company and is authorised only for arranging and advising on credit (F007120). This information is the company's own statement.
Account Details
ACCOUNT TYPESNot stated
MIN. DEPOSITNot stated
PLATFORMSe-Banking
PRODUCTSCommodity trade finance · Letters of credit, SBLCs and guarantees · Bilateral and syndicated loans · Foreign exchange and interest rate hedging · Cash and liquidity management · Correspondent banking
Licences and regulation
DFSA (United Arab Emirates (Dubai))
Licence no.F007120
Licence holderBanque Internationale de Commerce – BRED (Suisse) SA
ScopeListed in the DFSA register as the branch of a non-DIFC company, licensed 5 Jul 2022; authorised for arranging and advising on credit.
StatusVerified
FINMA (Switzerland)
Licence no.—
Licence holderBanque Internationale de Commerce - BRED (Suisse) SA
ScopeBanking licence. Listed in FINMA's register of authorised banks and securities firms as a bank based in Geneva (category 5).
StatusVerified
Sources and verification history
Official company sourcesbic-bred.com — homepage, A propos, Notre Groupe, Trade Finance, Service Corporate, Activités de Marché, Relations Bancaires
Regulator recordsDFSA — Banque Internationale de Commerce – BRED (Suisse) SA, F007120 (dfsa.ae) · FINMA — Banque Internationale de Commerce - BRED (Suisse) SA (finma.ch)
Company registerCompany registry details not stated on the website
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
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