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Economy and Banking Sector of Luxembourg

Major Banks of Luxembourg

Rank
1
Total Assets
49,488.18 mln EUR  (+140.64%)
Rank
2
Total Assets
48,063.16 mln EUR  (+4.19%)
Rank
3
Total Assets
45,547.40 mln EUR  (+6.09%)
Rank
4
Total Assets
45,337.18 mln EUR  (+8.89%)
Rank
5
Total Assets
30,140.79 mln EUR  (-1.75%)
Rank
6
Total Assets
28,100.39 mln EUR  (+10.26%)
Rank
7
Total Assets
22,224.97 mln EUR  (+6.05%)

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

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

Services
investment banking
capital raising
risk management
trade finance
financial markets
securities services
treasury services
asset management
Clients
corporates
institutions

J.P. Morgan Bank Luxembourg S.A. is the 1st largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 49 488,18 mln EUR. In 2019 the bank's annual profit was 298,31 mln EUR.

J.P. Morgan Bank Luxembourg S.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa1 (high grade). 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.

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

Established in 1856, Banque et Caisse d'Epargne de l'Etat (BCEE, trading as Spuerkeess) offers retail banking products and services to individuals, families, and professionals. BCEE is a state-owned bank, its sole shareholder is the State of Luxembourg.

Services
retail banking
private banking
Clients
individuals
families
professionals
Area Served
LULuxembourg
Products
current accounts
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
pension plans
investment funds

Banque et Caisse d’Epargne de l’Etat, Luxembourg is the 2nd largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 48 063,16 mln EUR. In 2019 the bank's annual profit was 183,92 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 Aa1 (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.

#3: 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.

Services
retail banking
private banking
corporate banking
investment banking
Clients
natural persons
SMEs
companies
public sector
Area Served
LULuxembourg
Products
current accounts
savings accounts
credit cards
consumer loans
car loans
mortgage loans

BGL BNP Paribas is the 3rd largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 45 547,40 mln EUR. In 2019 the bank's annual profit was 148,60 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 Aa2 (high 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.

#4: Société Générale Luxembourg

Operating in Luxembourg for more than 100 years, Société Générale Luxembourg is a multi-specialist bank serving diversified international clientele. Société Générale Luxembourg offers private banking and securities services to high net worth individuals, business customers and institutional investors.

Services
private banking
wealth management
market solutions
commercial banking
financial engineering
cash management
Clients
high net-worth individuals
companies
institutional investors
Area Served
Worldwide

Société Générale Luxembourg is the 4th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 45 337,18 mln EUR. In 2019 the bank's annual profit was 235,14 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.

#5: Deutsche Bank Luxembourg S.A.

Established in 1970, Deutsche Bank Luxembourg S.A. is diversified, client-focused and international, i.e. geared to cross-border business. Deutsche Bank Luxembourg S.A. provides corporate and investment banking and wealth management services to international customers.

Services
wealth management
corporate banking
investment banking
corporate finance
structured finance
investor and issuer services
participation management
Clients
high net-worth individuals
corporations
financial institutions
Area Served
Worldwide

Deutsche Bank Luxembourg S.A. is the 5th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 30 140,79 mln EUR. In 2019 the bank's annual profit was 87,60 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.

#6: Banque Internationale à Luxembourg

Established in 1856, Banque Internationale à Luxembourg (BIL) is the oldest private banking group in Luxembourg. Operating as a universal bank in Luxembourg, BIL Bank offers retail, private, corporate and institutional banking as well as treasury and financial market services.

Services
retail banking
private banking
corporate banking
institutional banking
treasury services
financial markets
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
trading accounts
investment funds
structured products
life insurance

Banque Internationale à Luxembourg is the 6th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 28 100,39 mln EUR. In 2019 the bank's annual profit was 113,07 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 A1 (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.

#7: 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.

Services
corporate banking
wealth management
corporate lending
corporate securitization
cash management
transaction services
trade finance
customized management
investment advisory
investment funds
structured products
alternative investments
trading services

Intesa Sanpaolo Bank Luxembourg S.A. is the 7th largest bank in Luxembourg in terms of total assets. In 2019 its total assets were 22 224,97 mln EUR. In 2019 the bank's annual profit was 94,08 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.

See Also