Banque de Luxembourg (French; ) is a financial institution in Luxembourg, which primarily focuses on wealth management and high-net-worth individuals. It is owned by the French banking group Crédit Mutuel, through the group's subsidiary Crédit Industriel et Commercial.

History

Founded in 1920, the history of Banque de Luxembourg is closely tied in with the rise of the financial center of Luxembourg.

Shareholder structure

Banque de Luxembourg is a wholly owned subsidiary of Crédit Mutuel via the Crédit Industriel et Commercial (CIC). The CIC is 93%-owned by Banque Fédérative du Crédit Mutuel (BFCM), the holding company of the bancassurance group Crédit Mutuel Centre Est Europe-CIC. A non-listed company, the Crédit Mutuel Centre Est Europe-CIC group combines 11 regional federations of Crédit Mutuel with those of CIC. The group is owned by around 5 million shareholding members, and has around 69,500 employees and 23.8 million customers. The group's equity capital is EUR 39.6 billion and it has a tier-one solvency ratio of 15%. The rating agencies Moody's and Standard & Poor's assign a rating of Aa3 and A+ respectively to the BFCM group.

Branches

Luxembourg

Designed by Bernardo Fort-Brescia, from the architectural practice Arquitectonica in Miami, the Bank's head office and recently inaugurated extension houses the Bank's Luxembourg-based sales teams. The support and back office teams are located at the administrative headquarters in Howald.

Belgium

The Bank's two private banking centres in Brussels and in Ghent provide fully fledged private banking services to wealthy residents in Belgium.