Banque Générale du Luxembourg (BGL) was founded in 1919 as a regional bank. Since 2009, BGL bank is a member of BNP Paribas group and offers products and services in the areas of retail banking, wealth management, corporate and investment banking to individuals and professionals, business entities and institutional investors.
In 2017 total assets of BGL BNP Paribas were 38 464,00 mln EUR. In 2017 the bank's annual profit was 146,00 mln EUR. BGL BNP Paribas had 2 390 employees in 2017.
BGL BNP Paribas is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
BGL BNP Paribas participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100 000 EUR per bank per depositor.
BGL BNP Paribas is headquartered in LUXEMBOURG.
|Total Assets (2017)|
|38 464.00 mln EUR (+13.35%)|
In 2017 total assets of BGL BNP Paribas were 38 464.00 mln EUR. Growth compared to the previous period (2016) was 13.35%. The evolution of the total assets of BGL BNP Paribas is shown at Chart 1 below.
Chart 1. Total Assets of BGL BNP Paribas.
|Annual Profit (2017)|
|146.00 mln EUR (-21.08%)|
Recent changes in gross profit of BGL BNP Paribas and its main components are shown in Table 1.
|Net Interest Income||486.0||455.0||-6.38%|
|Net Commission Income||121.0||133.0||+9.92%|
|Table 1. Recent changes in gross profit of BGL BNP Paribas (mln EUR).|
In 2017 annual profit of BGL BNP Paribas was 146.00 mln EUR. Decline compared to the previous period (2016) was -21.08%. The evolution of the annual profit of BGL BNP Paribas is shown at Chart 2 below.
Chart 2. Annual Profit of BGL BNP Paribas.
|Number of Employees (2017)|
|2 390 (-3.55%)|
In 2017 there were 2 390 employees of BGL BNP Paribas. Decline compared to the previous period (2016) was -3.55%. The evolution of the number of employees of BGL BNP Paribas is shown at Chart 3 below.
Chart 3. Number of Employees of BGL BNP Paribas.
|A+ (high credit quality)||A1 (upper medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. BGL BNP Paribas is rated by Fitch and Moody's.
Credit ratings assigned to BGL BNP Paribas as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for BGL BNP Paribas it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for BGL BNP Paribas is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A+|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||WD|
Viability rating for BGL BNP Paribas is set to WD (withdrawn); support rating is 1 (extremely high probability of external support); support rating floor is WD (withdrawn).
Long-term rating for BGL BNP Paribas it is set to A1 (upper medium grade). Long-term bank deposit rating is A1 (upper medium grade). Baseline credit assessment is a3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A1|
|Baseline Credit Assessment||a3|
Outlook for the ratings of BGL BNP Paribas is set to stable (not likely to change).
|Yes (up to 100 000 EUR per depositor)|
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 BGL BNP Paribas 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|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.
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).
BIC of BGL BNP Paribas and its components are shown in the table below.
|Bank BIC Code||BGLL|
|Country Code||LU (Luxembourg)|
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.
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.
MFI ID of BGL BNP Paribas is shown in the table below.