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Economy and Banking Sector of Luxembourg

Major Banks of Luxembourg

Rank
1
Total Assets
46,128.19 mln EUR  (+1.34%)
Rank
2
Total Assets
42,930.99 mln EUR  (+11.61%)
Rank
3
Total Assets
41,636.15 mln EUR  (+3.05%)
Rank
4
Total Assets
30,677.08 mln EUR  (-18.58%)
Rank
5
Total Assets
25,484.56 mln EUR  (+7.29%)
Rank
6
Total Assets
20,957.79 mln EUR  (-5.61%)
Rank
7
Total Assets
20,565.57 mln EUR  (+55.55%)

#1: Banque et Caisse d’Epargne de l’Etat, Luxembourg

Banque et Caisse d'Epargne de l'Etat (BCEE) is a universal bank offering a broad range of retail and corporate products and services to individuals, families, SMEs and business entities. BCEE is a state-owned bank, its sole shareholder is the State of Luxembourg.

Banque et Caisse d’Epargne de l’Etat, Luxembourg is the 1st largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 46 128,19 mln EUR. In 2018 the bank's annual profit was 175,37 mln EUR.

Banque et Caisse d’Epargne de l’Etat, Luxembourg is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade). Banque et Caisse d’Epargne de l’Etat, Luxembourg participates in the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: 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.

BGL BNP Paribas is the 2nd largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 42 930,99 mln EUR. In 2018 the bank's annual profit was 209,18 mln EUR.

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 the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: Société Générale Luxembourg

Established in 1864, Société Générale is one of the largest French banks. Société Générale is a universal bank, offering its clients retail, corporate, investment banking products and services as well as private banking and asset management.

Société Générale Luxembourg is the 3rd largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 41 636,15 mln EUR. In 2018 the bank's annual profit was 359,65 mln EUR.

Société Générale Luxembourg participates in the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: Deutsche Bank Luxembourg S.A.

Deutsche Bank is a universal bank, one of the biggest European banks in terms of total assets. Deutsche Bank has large presence in Europe, the Americas, Asia-Pasific countries and emerging markers. Deutsche Bank provides a wide range of retail, corporate and investment banking products as well as asset and wealth management.

Deutsche Bank Luxembourg S.A. is the 4th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 30 677,08 mln EUR. In 2018 the bank's annual profit was 213,03 mln EUR.

Deutsche Bank Luxembourg S.A. participates in the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: 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.

Banque Internationale à Luxembourg is the 5th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 25 484,56 mln EUR. In 2018 the bank's annual profit was 130,81 mln EUR.

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 the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: Intesa Sanpaolo Bank Luxembourg S.A.

Intesa Sanpaolo Bank Luxembourg provides corporate banking (corporate lending and financing, cash management, trade finance) and wealth management products and services.

Intesa Sanpaolo Bank Luxembourg S.A. is the 6th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 20 957,79 mln EUR. In 2018 the bank's annual profit was 104,00 mln EUR.

Intesa Sanpaolo Bank Luxembourg S.A. participates in the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: J.P. Morgan Bank Luxembourg S.A.

J.P. Morgan Bank Luxembourg offers solutions in the areas of investment banking, treasury services, narkets and investor services, institutional asset management, investment management.

J.P. Morgan Bank Luxembourg S.A. is the 7th largest bank in Luxembourg in terms of total assets. In 2018 its total assets were 20 565,57 mln EUR. In 2018 the bank's annual profit was 151,13 mln EUR.

J.P. Morgan Bank Luxembourg S.A. participates in the deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also