On May 5, 2014 LBBW Luxembourg SA was merged with LBBW Luxembourg Branch due to the realignment of LBBW Group. After the merger LBBW Luxembourg Branch conducts no banking activities.
Landesbank Baden-Württemberg Luxemburg Branch participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Landesbank Baden-Württemberg Luxemburg Branch is a member of Landesbank Baden-Württemberg (Germany) and operates as a branch of Landesbank Baden-Württemberg (Germany). Landesbank Baden-Württemberg Luxemburg Branch is located in Grevenmacher.
|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 branches of German banks operating abroad participate in the deposit guarantee scheme of Germany.
In the case of Landesbank Baden-Württemberg Luxemburg Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Covered Accounts||all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)|
|Covered Currencies||EU currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Any bank can be identified for different purposes and hence can have several different identifiers.
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 Landesbank Baden-Württemberg Luxemburg Branch and its components are shown in the table below.
|Bank BIC Code||MALA|
|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 Landesbank Baden-Württemberg Luxemburg Branch is shown in the table below.