Banque LBLux
| Banque LBLux S.A. | |
|---|---|
|
|
| Country |
 Luxembourg
|
| Seat | Luxembourg |
| legal form | Société anonyme |
| BIC | BYLALULLXXX |
| founding | 1973 |
| resolution | 2014 |
| Website | www.lblux.lu |
| management | |
| Board | Norbert F. Palsa (Chairman) Ralph Folda |
| Supervisory board | Marcus Kramer (Chairman) Dr. Detlev Gröne (Deputy Chairman) |
The Banque LBLux S. A. was a 100% subsidiary of BayernLB , based in Luxembourg . It was founded in June 1973 under Luxembourg law as Société Anonyme (S. A.). As part of BayernLB's EU state aid proceedings, the sale of the bank was initiated through a bidding process. In December 2013, it was announced that Bayerische Landesbank had sold the bank's private banking business to the private bank Banque de Luxembourg. The accounts and custody accounts were transferred to Banque de Luxembourg on May 31, 2014. The loan portfolio was transferred to BayernLB in Munich on July 1, 2014. The custodian business was transferred to other custodian banks in Luxembourg at the end of 2014. On April 1, 2015, the liquidation proceedings were opened via Banque LBLux and the banking license was returned. The company was then changed to "Banque LBLux in Liquidation".
The focus of business activities was on international private banking & wealth management, as well as corporate banking for the Benelux region. It was an internationally oriented Eurobank focused on the customer business. In addition, Banque LBLux was a service provider for various bases of the BayernLB Group and for (group) companies based in Luxembourg. It also acted as a custodian, e.g. B. for the funds administered by BayernInvest Luxembourg S.A. A conservative business and risk policy was followed.
history
In 1973 Bayerische Landesbank International S. A. (Bayernlux), today's Banque LBLux, was founded with the business areas of euro credit business, money and foreign exchange trading, and securities trading. From 1981 one began to build up a private customer area. This initially focused only on Germany and Belgium. In 1986 the bank moved into its first own building on Boulevard Royal in Luxembourg. Finally, in 1989, the company set up its own corporate customer business. In the same year, Banque LBLux also took over regional responsibility for the Benelux region for the BayernLB Group. Two years later, in 1991, Bayernlux founded its own fund company, Bayernlux Management Company S. A. (today BayernInvest Luxembourg S. A).
In 1994 the company moved to Rue Jean Monnet am Kirchberg. LBLux S. A. was created in 2001 through the merger of Bayerische Landesbank International S. A. and Helaba Luxembourg - Landesbank Hessen-Thüringen S. A. In the same year, the fund company was sold to BayernLB in Munich. In 2002 the name was changed to Banque LBLux S. A. Until 2009, the Bayerische Landesbank and Landesbank Hessen-Thüringen (Helaba) were shareholders of Banque LBLux. As a result of a reorganization of the stake in the Luxembourg and Swiss subsidiaries, BayernLB became the sole shareholder of LBLux on December 21, 2009. Banque LBLux also managed the professional asset management product range for savings banks.
Business areas
Banque LBLux is divided into the following business areas:
Private Banking & Wealth Management International
In the Private Banking & Wealth Management International division, private individuals were advised and supported in managing their assets. The bank sold various products and services on the subject of investment advice, asset management and financial and asset planning. She worked closely with savings banks, independent asset managers and family offices , according to German and / or Luxembourg law, depending on the client group. Banque LBLux also offered cross-generational services in the area of financial and asset planning.
Corporate banking
In the corporate customer business, Banque LBLux focused on the Benelux region and primarily aimed at the upper middle class (companies with a turnover of 100 million to 1 billion euros), local and multinational large customers (companies with a turnover of 1 to 5 billion euros) . Euros), listed companies (with a turnover of more than 5 billion euros), commercial real estate, export and project finance customers as well as institutions and financial service providers from the Benelux countries. For example, she worked on corporate finance, customer-related acquisition finance, project finance (PPP / Public Private Partnerships ), leasing transactions, real estate finance (property and fund finance), investment and trading products for interest and currency management. In cooperation with BayernLB, she was active in export financing with ECA cover Benelux, treasury products via its own trading room and capital market products. In the lending business, LBLux was for many years the only Luxembourg-based credit institution of German origin with a broad corporate banking direct business philosophy for the Benelux region.
Treasury
The Treasury department supported the private and corporate banking customer areas. Commission trading was carried out for private customers and the sales function for corporate customers. There was also a focus on liquidity management. Interest mismatches were actively managed for up to 12 months.
Cultural engagement
From 2009, Banque LBLux was one of the sponsors of the Musée d'Art Moderne Grand-Duc Jean (MUDAM). The bank also had an extensive collection of contemporary art by German artists of the younger and middle generation. This was regularly made available to a broad public in exhibitions and at Private Art Kirchberg.