Banque internationale à Luxembourg
| Banque Internationale à Luxembourg SA | |
|---|---|
|
|
| Country |
 Luxembourg
|
| Seat | Luxembourg |
| legal form | Société anonyme |
| BIC | BILLLULLXXX |
| founding | 1856 |
| Website | www.bil.com |
| Business data 2014 | |
| Total assets | 20,284.7 million euros |
| insoles | 13,444.1 million euros |
| Customer credit | 10,838.5 million euros |
| Employee | 1.929 |
| management | |
| Board of Directors | Luc peace |
| Board | Marcel Leyers |
The Banque Internationale à Luxembourg SA , abbreviated BIL , is a universal bank based in Luxembourg . It was founded in 1856 as the first bank in Luxembourg. Today she is active in private and corporate banking, private banking and the financial markets . With almost 2000 employees, BIL is represented in Luxembourg, Denmark, Switzerland and the Middle East.
history
BIL was the first bank in the form of a public limited company in Luxembourg. It was founded in 1856 to finance the railroad and the steel industry in what was then still a purely agricultural country. In the same year it issued the first Luxembourg banknote and had this right until the introduction of the single currency.
The history of Luxembourg and BIL are closely linked. In 1929 the bank participated in the founding of the Luxembourg Stock Exchange . Over the years, various investments were made in other well-known Luxembourg companies, including the Compagnie Luxembourgeoise de Télédiffusion (now RTL Group ) and Luxair . In July 1963, BIL introduced the first euro bond as a listing agent on the Luxembourg stock exchange.
In 1970 BIL was one of the founding members of CEDEL, an international clearing house that has since been incorporated into Clearstream International. In 1985, BIL opened a private bank branch in Switzerland. In 1989 a private bank branch was opened in Singapore.
In 1991, the Crédit Communal de Belgique became the majority shareholder of BIL. In 1996, the merger of Crédit Local de France and Crédit Communal de Belgique led to the establishment of the pan-European banking group Dexia . In 2000, BIL became Dexia Banque Internationale à Luxembourg. In 2002, BIL opened a private bank branch in Denmark. In 2005 a private bank branch was opened in Bahrain . In 2006 BIL celebrated its 150th birthday. Precision Capital and the Grand Duchy of Luxembourg became the new shareholders of BIL in 2012. The banking holding company Precision Capital was owned by the family of the Qatari Sheikh Hamad ibn Jazim ibn Jabir Al Thani until 2017 .
In September 2017, Legend Holdings, the owner of the Chinese computer and smartphone maker Lenovo , acquired the 90% stake that Qatar owned for 1.48 billion euros. The remaining part remains with the Grand Duchy of Luxembourg.
The BIL and the Dexia Group
In 2000, BIL Dexia Banque Internationale à Luxembourg became a subsidiary of the Dexia Group , which in turn emerged in 1996 from the merger of Crédit Local de France and Crédit Communal de Belgique. In 1991, Crédit Communal de Belgique became the majority shareholder of BIL. Due to the deterioration in the macroeconomic environment and weakened by an unbalanced balance sheet structure, the drying up of liquidity on the interbank market hit the Dexia Group with full force in autumn 2008. With the help of Belgium, France and Luxembourg, the group is implementing a restructuring plan approved by the European Commission , which aims to refocus activities on traditional business areas, reduce the risk profile and achieve a balanced balance sheet structure.
In the fall of 2011, this time under the influence of the sovereign debt crisis , the credit rating of the group downgraded. In view of the renewed strained liquidity situation, the group is presenting a new restructuring plan based on the following two cornerstones:
- Divestment of the Group's salable subsidiaries;
- Orderly wind-down of the remaining assets, the continued existence of the group being ensured by a refinancing guarantee from Belgium, France and Luxembourg.
On December 20, 2011, Precision Capital, a public limited company under Luxembourg law (société anonyme) with stakes in banking institutions, and the Grand Duchy of Luxembourg signed a letter of intent to acquire a stake in Dexia BIL, part of the Dexia Group 99.906% known through Precision Capital and the Grand Duchy of Luxembourg. The acquisition will close on October 5, 2012.
Strategic development plan 2015
On April 26, 2013, BIL announced a strategic development plan up to 2015. Between 2013 and 2015, the bank is committed to long-term profit growth in Luxembourg and some strategic international target markets. As part of this plan, the bank is actively seeking to expand and strengthen its geographic presence around the globe and in Luxembourg through a number of strategic decisions:
- A branch in Brussels will be opened on the Belgian market in August 2013. She will primarily look after private clients residing in Belgium, but will also serve independent financial advisers and family offices.
- As part of its activities based on the AIFM Directive (which regulates managers of alternative investment funds), BIL has set up the subsidiary BIL Manage Invest SA in Luxembourg. It is an independent management company that acts for its own account and that of others.
- In Southeast Asia, BIL wants to expand its presence in Singapore primarily through a targeted offer for high net worth individuals.
- In Luxembourg, the opening times of the branches have been extended. At the same time, further investments are made in new technologies, above all through a comprehensive mobile banking offer ("BILnet mobile"), online banking services and a nationwide cash recycler network that enables cash deposits throughout the country.
The BIL today
On September 1, 2017, Legend Holdings announced the acquisition of the 89.936% stake in Precision Capital. The Grand Duchy of Luxembourg holds the remainder of BIL. The bank has around 40 branches in Luxembourg. At the international level, BIL provides services in the areas of private banking and wealth management in order to support wealthy clients with wealth planning and with tailor-made investment solutions. The financial markets division is based on trading rooms in Luxembourg and Zurich. The rating agency Standard & Poor's has given BIL an A- rating.
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ Annual Report 2014 (English)
- ^ Changement de CEO à la BIL. Retrieved October 6, 2019 (fr-fr).
- ↑ http://www.legilux.public.lu/leg/a/archives/1856/0009/a009.pdf#page=1
- ↑ Archive link ( Memento from September 27, 2013 in the Internet Archive )
- ↑ http://www.paperjam.lu/archives/2006/04/17904/index.html
- ↑ Lëtzebuerger Journal: The puller from Qatar , October 12, 2015
- ↑ Archive link ( Memento from September 27, 2013 in the Internet Archive )
- ↑ Archive link ( Memento from September 27, 2013 in the Internet Archive )
- ↑ http://www.paperjam.lu/article/fr/bil-vers-une-succursale-en-belgique
Coordinates: 49 ° 36 '5.8 " N , 6 ° 7' 18.4" E