September 30, 2016 12:19 PM ET

Banks

Company Overview of Banque Internationale à Luxembourg SA

Company Overview

Banque Internationale à Luxembourg SA, a multi-business bank, provides banking and financial products and services for individual and business clients. The company operates through Retail Banking, Corporate & Investment Banking and Wealth Management; Treasury and Financial Markets; and Group Center segments. It offers savings, youth savings, and mortgage savings, term deposits, and short term notes; personal car, students, and mortgage loans; investment products and services, such as funds, securities, structure products, and financial markets; and insurance, debit and credit cards, and online banking services for individuals. The company also assists self-employed or professionals, and smal...

69, Route d’Esch

Luxembourg,  2953

Luxembourg

Founded in 1856

2,050 Employees

Key Executives for Banque Internationale à Luxembourg SA

Chairman of Management Board, Chief Executive Officer and Director
Vice Chairman of Management Board and Chief Financial & Risk Officer
Chief Operating Officer and Member of Management Board
Age: 56
Head of Corporate & Institutional Banking and Member of Management Board
Head of Wealth & Investment Management and Member of Management Board
Compensation as of Fiscal Year 2016.

Banque Internationale à Luxembourg SA Key Developments

Banque Internationale à Luxembourg SA, Annual General Meeting, Apr 29, 2016

Banque Internationale à Luxembourg SA, Annual General Meeting, Apr 29, 2016.

Banque Internationale à Luxembourg SA Announces Earnings Results for the Year Ended 31 December 2015

Banque Internationale à Luxembourg SA announced earnings results for the year ended 31 December 2015. Net income before tax stands at EUR 166 million, an increase by 1%. Excluding exceptional items, such as the sale of Luxempart and the acquisition of KBL (Switzerland) Ltd. by BIL (Suisse), net income before tax increased by 13%, clearly demonstrating the dynamism of the bank's commercial activities. Net income stands at EUR 134 million for 2015, an increase by 10% compared to EUR 122 million in 2014.

Banque Internationale à Luxembourg SA Announces Executive Changes

Banque Internationale à Luxembourg SA announced that its current Chairman, François Pauly, has decided to step down at the AGM on 29 April, 2016. This decision reflects the constraints set by new banking regulation on the time commitment of the Chairman role, which are no longer compatible with Mr. Pauly's other mandates and responsibilities. The Board of Directors will propose to the assembly in April to appoint Luc Frieden to the Board. Mr. Frieden, a Luxembourgish national who most recently served as Vice-Chairman of Deutsche Bank Group in London and as Chairman of the Supervisory Board of Deutsche Bank Luxembourg, will then take over the chairmanship of BIL from Mr. Pauly, subject to regulatory approval. Luc Frieden, lawyer by training, served from 1998 to 2013 as a member of the Luxembourg government. He was Minister of Justice, Minister of Treasury and Minister of Finance.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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