BGL BNP Paribas

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.

Financials

Total Assets (2017)
38 464.00 mln EUR  (+13.35%)
Annual Profit (2017)
146.00 mln EUR  (-21.08%)
Number of Employees (2017)
2 390  (-3.55%)

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.

Member of Group

 BNP Paribas (France)

Contacts

50, Avenue J.F. Kennedy, 1855, LUXEMBOURG, Luxembourg
+352 42 42 1
+352 42 42 3312

BGL BNP Paribas is headquartered in LUXEMBOURG.

Bank Identifiers

BIC (SWIFT)
BGLLLULL
MFI ID
LUB00003
Start Date
January 1919

Financial Positions

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.

Total Assets of BGL BNP Paribas.

Chart 1. Total Assets of BGL BNP Paribas.

Profit and Loss

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.

2016 2017 % change
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.

Annual Profit of BGL BNP Paribas.

Chart 2. Annual Profit of BGL BNP Paribas.

Number of Employees

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.

Number of Employees of BGL BNP Paribas.

Chart 3. Number of Employees of BGL BNP Paribas.

Credit Ratings (as of May 2018)

Fitch Moody's
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.

Fitch

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+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  WD
Support Rating  1
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).

Moody's

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 Rating  A1
Long-Term Bank Deposit Rating  A1
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of BGL BNP Paribas is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
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
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

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.

BIC  BGLLLULL
Bank BIC Code  BGLL
Country Code  LU (Luxembourg)
Location Code  LL
Branch Code  -

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.

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.

MFI ID  LUB00003

European Presence: 2 banks in 2 countries

BGL BNP Paribas operates under the brand of the same name (BGL BNP Paribas) which has presence in the following European countries and selected dependent territories of the European countries:

Germany

Luxembourg

  • (this bank) BGL BNP Paribas (LUXEMBOURG)