Created by Anna Mileiko 
Founded in 1974, SMBC Nikko Bank (Luxembourg) is a member of Sumitomo Mitsui Financial Group Inc. SMBC Nikko Bank (Luxembourg) provides global custody, cash management, forex services and fund administration services.
In 2023, SMBC Nikko Bank (Luxembourg) S.A. achieved the position of 57th largest bank in Luxembourg with a market share of 0.07%; its total assets dropped by 10.13%.
Additionally, the bank became the 5th profitable bank in relation to its total assets showcasing 5.28% return on assets and 20.18% return on equity in 2023.
Deposits up to 100,000 EUR are covered by Luxembourg deposit guarantee scheme in SMBC Nikko Bank (Luxembourg) S.A.
SMBC Nikko Bank (Luxembourg) S.A. ranks as the 57th largest bank in Luxembourg by total assets. In 2023 its total assets were 640.12 mln EUR, representing a 0.07% market share. In 2023 the bank's annual profit was 35.68 mln EUR. As of 2023, the bank employed 82 people.
Fonds de garantie des dépôts Luxembourg (FGDL)SMBC Nikko Bank (Luxembourg) S.A. protects deposits up to up to 100,000 EUR per depositor through Luxembourg's deposit guarantee scheme. The scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies. The bank participates in the Fonds de garantie des dépôts Luxembourg (FGDL), making regular contributions into it.
2, rue Hildegard von Bingen, 1282, LUXEMBOURG, Luxembourg
14
+352 44 28 28 1
+352 44 28 28 221SMBC Nikko Bank (Luxembourg) S.A. is headquartered in LUXEMBOURG.
In 2023 total assets of SMBC Nikko Bank (Luxembourg) S.A. were 640.12 mln EUR. Decline compared to the previous period (2022) was -10.13%. The evolution of the total assets of SMBC Nikko Bank (Luxembourg) S.A. is shown at Chart 1 below.
Chart 1. Total Assets of SMBC Nikko Bank (Luxembourg) S.A..
Recent changes in gross profit of SMBC Nikko Bank (Luxembourg) S.A. and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Net Interest Income | 0.2 | 1.6 | +783.33% |
| Net Commission Income | 21.0 | 20.9 | -0.86% |
Table 1. Recent changes in gross profit of SMBC Nikko Bank (Luxembourg) S.A. (mln EUR).
In 2023 annual profit of SMBC Nikko Bank (Luxembourg) S.A. was 35.68 mln EUR. Growth compared to the previous period (2022) was 602.36%. The evolution of the annual profit of SMBC Nikko Bank (Luxembourg) S.A. is shown at Chart 2 below.
Chart 2. Annual Profit of SMBC Nikko Bank (Luxembourg) S.A..
In 2023 there were 82 employees of SMBC Nikko Bank (Luxembourg) S.A.. Growth compared to the previous period (2022) was 1.23%. The evolution of the number of employees of SMBC Nikko Bank (Luxembourg) S.A. is shown at Chart 3 below.
Chart 3. Number of Employees of SMBC Nikko Bank (Luxembourg) S.A..
In 2023 SMBC Nikko Bank (Luxembourg) S.A. was ranked the 57th largest bank in Luxembourgin terms of total assets, having 0.07% of the domestic market share.
Chart 4. Market share of SMBC Nikko Bank (Luxembourg) S.A. (among banks in Luxembourg)
Historical changes in SMBC Nikko Bank (Luxembourg) S.A.'s domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 57 | 0.07 % |
| 2022 | 58 | 0.07 % |
| 2021 | 59 | 0.07 % |
| 2020 | 48 | 0.13 % |
| 2019 | 53 | 0.11 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to SMBC Nikko Bank (Luxembourg) S.A. listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 56 |  | 0.07% | 666.08 mln EUR (-21.37%) |
| 57 | | 0.07% | 640.12 mln EUR (-10.13%) |
| 58 |  | 0.05% | 518.87 mln EUR (+344.43%) |
Discover key identifiers of SMBC Nikko Bank (Luxembourg) S.A. including its BIC, LEI, company number, MFI ID.
BIC: NIKOLULL
The BIC (also known as SWIFT code) for SMBC Nikko Bank (Luxembourg) S.A. is NIKOLULL. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | NIKOLULL |
| Bank BIC Code | NIKO |
| Country Code | LU (Luxembourg) |
| Location Code | LL |
| Branch Code | - |
LEI: NENLL5EWGF6RJIPK9Q81
SMBC Nikko Bank (Luxembourg) S.A.’s LEI is NENLL5EWGF6RJIPK9Q81. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | NENLL5EWGF6RJIPK9Q81 |
| LOU Identifier | NENL |
| Reserved | L5 |
| Entity Identifier | EWGF6RJIPK9Q |
| Verification ID | 81 |
Company Registration Number: B11809
SMBC Nikko Bank (Luxembourg) S.A. is registered in Luxembourg under company number B11809. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.
| Key | Value |
|---|---|
| Company Number | B11809 |
MFI ID: LUB00080
SMBC Nikko Bank (Luxembourg) S.A.’s MFI ID, LUB00080, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Luxembourg (LU), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | LUB00080 |
| Country Code | LU |
| MFI Code | B00080 |
TheBanks.eu identified several banks similar to SMBC Nikko Bank (Luxembourg) S.A. based on various criteria, including:
