Banque de Luxembourg in Luxembourg and Worldwide

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A historic building in Luxembourg stands against a striking blue sky, showcasing its unique architecture.
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The Banque de Luxembourg has a strong presence in Luxembourg, with a long history dating back to 1927. It has been a major player in the country's financial sector ever since.

The bank has a network of branches across Luxembourg, offering a wide range of financial services to individuals, companies, and institutions. Its expertise in private banking and wealth management has made it a trusted partner for many clients.

Banque de Luxembourg has also expanded its reach globally, with a presence in several countries around the world. This international presence allows it to offer its services to clients with international needs and connections.

Company Overview

Banque de Luxembourg is a private banking group with a long history dating back to 1920. It was founded by a group of Luxembourgish entrepreneurs.

The bank's headquarters are located in Luxembourg City, with a presence in several countries across Europe, the Middle East, and Asia.

History

Banque de Luxembourg was founded in 1920, and its history is closely tied to the rise of the financial center of Luxembourg.

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The bank's early beginnings date back to 1920, when Banque d'Alsace et de Lorraine, later Crédit Industriel d'Alsace et de Lorraine (CIAL), opened its first branch in Luxembourg. This marked the beginning of the bank's presence in the country.

In 1937, Banque Mathieu Frères, the forerunner of Banque de Luxembourg, was founded. This new entity would eventually become the bank we know today.

Here's a brief timeline of the bank's major milestones:

  • 1920: Banque d'Alsace et de Lorraine opens its first branch in Luxembourg.
  • 1937: Banque Mathieu Frères is founded.
  • 1969: CIAL becomes a major shareholder in Banque Mathieu Frères.
  • 1977: Deutsche Bank Luxembourg S.A. becomes a shareholder in Banque Mathieu Frères, which changes its name to Banque de Luxembourg.
  • 1991: Banque de Luxembourg takes over the Luxembourg activities of CIAL.
  • 1994: The bank opens its new head office at 14 Boulevard Royal, Luxembourg.
  • 2002: Deutsche Bank sells its 28.95% holding in Banque de Luxembourg to CIC Group.
  • 2005: Banque de Luxembourg Fund Research & Asset Management (BL FR&AM) is established.
  • 2010: Banque de Luxembourg opens a branch in Belgium.

By 1994, the bank had established itself as a major player in the Luxembourg financial scene, with the opening of its new head office at 14 Boulevard Royal, Luxembourg.

Luxembourg

Luxembourg is home to the Bank's head office, designed by Bernardo Fort-Brescia from Arquitectonica in Miami.

The head office houses the Bank's Luxembourg-based sales teams, who work closely with clients in the region.

The administrative headquarters in Howald is where you'll find the support and back office teams, handling the behind-the-scenes work that keeps the Bank running smoothly.

Banque de Luxembourg

Credit: youtube.com, Banque de Luxembourg

Banque de Luxembourg is a private bank that was founded in 1920 in Luxembourg City. It has a long history of serving the financial needs of individuals, families, and businesses.

The bank has a significant presence in Europe, with operations in several countries including Belgium, France, Italy, and Switzerland. It also has a strong network of international partners.

Banque de Luxembourg offers a range of financial services, including asset management, private banking, and investment solutions. Its expertise in these areas is built on a deep understanding of the markets and a commitment to delivering high-quality advice.

The bank's headquarters is located in Luxembourg City, where it is headquartered.

Operations

Banque de Luxembourg operates through a network of 14 branches in Luxembourg and 4 branches in Belgium, as well as a representative office in Luxembourg for the management of the Group's international activities.

The bank has a strong presence in Luxembourg, with a significant number of employees and a wide range of services offered to clients.

Headquarters

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The Banque de Luxembourg Headquarters is a prime example of a well-designed corporate space. The building spans eight levels below ground and six levels above ground.

The headquarters is situated in the heart of Luxembourg's financial district, surrounded by historic buildings from the 16th to 19th centuries. This unique location adds character to the building's design.

The original 15,000m2 building was designed to accommodate various functions, including an auditorium, trading rooms, a vault, and meeting rooms. The building's layout is carefully planned to optimize functionality.

The expansion, completed in Phase 2, added 12,000m2 to the original building, bringing the total size to 27,000m2. This significant increase in space was necessary to accommodate the bank's growing sales team.

The expansion has seven floors above grade and four below grade, providing ample space for the bank's operations.

SIC Code Definition

A SIC code is a numerical code assigned to businesses to classify their industry or activity.

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The SIC code system helps organizations and governments categorize businesses for statistical and regulatory purposes.

For example, Banque de Luxembourg has SIC codes 62 and 60, indicating its involvement in both credit agencies and commercial banks.

Businesses use SIC codes to identify their main activity and compare themselves to others in the same industry.

The SIC code for Banque de Luxembourg is a specific example of how this system works in practice.

Management

The management team at Banque de Luxembourg is led by Romain Weiler, who serves as the Chief Operating Officer.

Romain Weiler is the COO of Banque de Luxembourg.

Financial Information

Banque de Luxembourg offers a range of financial products and services to individuals and businesses.

Their financial services include asset management, private banking, and wealth management.

Banque de Luxembourg has a strong presence in Luxembourg and the surrounding region, with a network of branches and offices.

They provide a wide range of financial solutions to meet the needs of their clients, from savings and investments to loans and credit facilities.

Banque de Luxembourg is committed to providing excellent customer service and has a team of experienced financial advisors to help clients make informed decisions.

Their financial products are designed to be flexible and adaptable to meet the changing needs of their clients.

Frequently Asked Questions

Who owns the Banque de Luxembourg?

Banque de Luxembourg is owned by Crédit Mutuel Alliance Fédérale, which has a parent company in Crédit Industriel et Commercial (CIC). Crédit Industriel et Commercial holds 100% of the Bank's capital.

Why do people bank in Luxembourg?

People bank in Luxembourg due to its favorable taxation and stable financial environment, offering protection against local and global instability. This makes it an attractive destination for companies and individuals seeking secure financial solutions.

Is Luxembourg a banking country?

Yes, Luxembourg is a major banking country, with banking being its largest sector. It has been part of the eurozone since 1999.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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