Société Européenne de Banque S.A.

Contacts 
    Address  L-1724, Luxembourg, LUXEMBOURG, 19-21, boulevard Prince Henri
    P.O. Box  21

Bank Identifiers 
    BIC (SWIFT)  SEBKLULL
    MFI ID  LUB00087
Credit Ratings (as of Dec 2014) 
    Fitch  - (not rated)
    Moody's  Baa2 (lower medium grade)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Number of Employees (2013)  166 ↓ (-17.82%)
Financial Positions 
    Total Assets (2013)  14 646.00 mln EUR ↑ (+4.64%)
Profit and Loss 
    Annual Profit (2013)  166.00 mln EUR ↑ (+23.88%)

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  SEBKLULL
Bank BIC Code  SEBK
Country Code  LU (Luxembourg)
Location Code  LL
Branch Code  -

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).


MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  LUB00087

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Société Européenne de Banque S.A. is rated by Moody's.

Credit ratings assigned to Société Européenne de Banque S.A. as of December 2014 are shown in details in the following sections.

Moody's

Long-term rating is for Société Européenne de Banque S.A. it is set to Baa2 (lower medium grade). Long-term bank deposit rating is not assigned. Bank financial strength rating is not set. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  -
Bank Financial Strength Rating  -
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Société Européenne de Banque S.A. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Luxembourg are obliged to participate in Luxembourg deposit guarantee scheme.

In the case of Société Européenne de Banque S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small businesses with headquarters in EU
Covered Accounts  all cash deposits
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Luxembourg

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Financial Positions

In 2013 total assets of Société Européenne de Banque S.A. were 14 646.00 mln EUR. Growth compared to the previous period (2012) was 4.64%. The evolution of the total assets of Société Européenne de Banque S.A. is shown at Chart 1 below.

Total Assets of Société Européenne de Banque S.A..
Chart 1. Total Assets of Société Européenne de Banque S.A..

Profit and Loss

Recent changes in gross profit of Société Européenne de Banque S.A. and its main components are shown in Table 1.

2012 2013 % Change
Net Interest Income 155.0 163.0 +5.16% ↑
Net Commission Income 25.0 18.0 -28.00% ↓
Table 1. Recent changes in gross profit of Société Européenne de Banque S.A. (mln EUR).

In 2013 annual profit of Société Européenne de Banque S.A. was 166.00 mln EUR. Growth compared to the previous period (2012) was 23.88%. The evolution of the annual profit of Société Européenne de Banque S.A. is shown at Chart 2 below.

Annual Profit of Société Européenne de Banque S.A..
Chart 2. Annual Profit of Société Européenne de Banque S.A..

Related Information on Luxembourg

Economy and Banking Sector of Luxembourg

List of Banks in Luxembourg

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