The French bank MARTIN MAUREL (total balance sheet of 771 million euro in 1999) and Italian BANCA SELLA (total balance sheet of 4.672 bn euro in 1999), already partners through crossed shares in their capital, have become associates to create a new entity in Monaco. Called MARTIN MAUREL SELLA, the new private bank will a capital of 9 million euro held to the tune of 55% by MARTIN MAUREL and 45% by BANCA SELLA.