Banque Internationale à Luxembourg

Established in 1856, Banque Internationale à Luxembourg (BIL) is the oldest private banking group in Luxembourg. BIL Bank offers retail, private and corporate banking products and services.

Financials

Total Assets (2017)
23 753.00 mln EUR  (+2.61%)
Annual Profit (2017)
117.00 mln EUR  (+6.36%)
Number of Employees (2017)
1 803  (-10.12%)

In 2017 total assets of Banque Internationale à Luxembourg were 23 753,00 mln EUR. In 2017 the bank's annual profit was 117,00 mln EUR. Banque Internationale à Luxembourg had 1 803 employees in 2017.

Banque Internationale à Luxembourg is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).

Banque Internationale à Luxembourg participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

69, route d'Esch, L-1470, LUXEMBOURG, Luxembourg
+352 45 90 1
+352 45 90 2010

Banque Internationale à Luxembourg is headquartered in LUXEMBOURG.

Bank Identifiers

BIC (SWIFT)
BILLLULL
MFI ID
LUB00002
Start Date
January 1856

Financial Positions

Total Assets (2017)
23 753.00 mln EUR  (+2.61%)

In 2017 total assets of Banque Internationale à Luxembourg were 23 753.00 mln EUR. Growth compared to the previous period (2016) was 2.61%. The evolution of the total assets of Banque Internationale à Luxembourg is shown at Chart 1 below.

Total Assets of Banque Internationale à Luxembourg.

Chart 1. Total Assets of Banque Internationale à Luxembourg.

Profit and Loss

Annual Profit (2017)
117.00 mln EUR  (+6.36%)

Recent changes in gross profit of Banque Internationale à Luxembourg and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 299.0 306.0 +2.34%
Net Commission Income 185.0 201.0 +8.65%
Table 1. Recent changes in gross profit of Banque Internationale à Luxembourg (mln EUR).

In 2017 annual profit of Banque Internationale à Luxembourg was 117.00 mln EUR. Growth compared to the previous period (2016) was 6.36%. The evolution of the annual profit of Banque Internationale à Luxembourg is shown at Chart 2 below.

Annual Profit of Banque Internationale à Luxembourg.

Chart 2. Annual Profit of Banque Internationale à Luxembourg.

Number of Employees

Number of Employees (2017)
1 803  (-10.12%)

In 2017 there were 1 803 employees of Banque Internationale à Luxembourg. Decline compared to the previous period (2016) was -10.12%. The evolution of the number of employees of Banque Internationale à Luxembourg is shown at Chart 3 below.

Number of Employees of Banque Internationale à Luxembourg.

Chart 3. Number of Employees of Banque Internationale à Luxembourg.

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banque Internationale à Luxembourg is rated by Fitch and Moody's.

Credit ratings assigned to Banque Internationale à Luxembourg 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 Banque Internationale à Luxembourg it is set to BBB+ (good credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for Banque Internationale à Luxembourg is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  5
Support Rating Floor  NF

Viability rating for Banque Internationale à Luxembourg is set to bbb+ (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Banque Internationale à Luxembourg it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa2. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Banque Internationale à Luxembourg 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 Banque Internationale à Luxembourg 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 Banque Internationale à Luxembourg and its components are shown in the table below.

BIC  BILLLULL
Bank BIC Code  BILL
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 Banque Internationale à Luxembourg is shown in the table below.

MFI ID  LUB00002

European Presence: 3 banks in 3 countries

Banque Internationale à Luxembourg operates under the brand name BIL Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Denmark

Luxembourg

  • (this bank) Banque Internationale à Luxembourg (LUXEMBOURG)

Switzerland

Defunct Banks: 1 bank in 1 country

The following banks operating under BIL Bank brand name has been recently closed down:

Belgium