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Economy and Banking Sector of Luxembourg

Major Banks of Luxembourg

#1: 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.

Business Focus
wealth management

In 2017 total assets of Deutsche Bank Luxembourg S.A. were 37 676,00 mln EUR. In 2017 the bank's annual profit was 218,00 mln EUR.

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

#2: Societe Generale Bank & Trust S.A.

Societe Generale Bank and Trust provides private banking and securities services.

Business Focus
private banking
securities services

In 2017 total assets of Societe Generale Bank & Trust S.A. were 40 402,00 mln EUR. In 2017 the bank's annual profit was 299,00 mln EUR.

Societe Generale Bank & Trust S.A. participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: 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.

Business Focus
universal banking

In 2017 total assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg were 45 518,00 mln EUR. In 2017 the bank's annual profit was 241,00 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 deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: CACEIS Bank, Luxembourg branch

CACEIS is a French banking group offering a comprehensive set of services covering depositary and custody, fund administration, transfer agency, and issuer services to institutional and corporate clients. CACEIS Bank, Luxembourg branch operates as a branch of CACEIS Bank (France).

Business Focus
securities services

In 2015 total assets of CACEIS Bank, Luxembourg branch were 46 082,00 mln EUR. In 2015 the bank's annual profit was 84,00 mln EUR.

CACEIS Bank, Luxembourg branch participates in deposit guarantee scheme of France. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: 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.

Business Focus
universal banking

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 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.

#6: UniCredit Luxembourg S.A.

UniCredit Bank (Luxembourg) provides wealth management and corporate banking products and services.

Business Focus
wealth management
corporate banking

In 2017 total assets of UniCredit Luxembourg S.A. were 17 993,00 mln EUR. In 2017 the bank's annual profit was 69,00 mln EUR.

UniCredit Luxembourg S.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). UniCredit Luxembourg S.A. participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: Commerzbank Finance & Covered Bond S.A.

Founded in 1870, Commerzbank is an international commercial bank with branches and offices in more than 50 countries. The core markets of Commerzbank are Germany and Poland. Commerzbank offers its products and services to private and corporate clients, as well as institutional investors.

Business Focus
covered bonds

In 2017 total assets of Commerzbank Finance & Covered Bond S.A. were 14 705,00 mln EUR. In 2017 the bank's annual profit was -84,00 mln EUR.

Commerzbank Finance & Covered Bond S.A. is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Commerzbank Finance & Covered Bond S.A. participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#8: 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.

Business Focus
universal banking

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 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.

See Also