Founded in 1920, Banque de Luxembourg is one of the most important financial institutions in Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

. With decisions made locally, it offers its independent wealth management expertise to clients based in Luxembourg and the rest of Europe.

History

• 1920 Banque d'Alsace et de Lorraine, later Crédit Industriel d'Alsace et de Lorraine (CIAL), opens its first branch in Luxembourg.
• 1937 Banque Mathieu Frères, the forerunner of Banque de Luxembourg, is founded.
• 1969 CIAL becomes a major shareholder in Banque Mathieu Frères.
• 1977 Deutsche Bank Luxembourg S.A. becomes a shareholder in Banque Mathieu Frères, which changes its name to Banque de Luxembourg.
• 1991 Banque de Luxembourg takes over the Luxembourg activities of CIAL.
• 1994 The bank opens its new head office at 14 Boulevard Royal, Luxembourg.
• 1999 Banque de Luxembourg launches Fund-Market S.A., the independent fund adviser. Fund-Market’s products and services were integrated into the Bank’s offer in 2010.
• 2002 Following restructuring, Deutsche Bank sells its 28.95% holding in Banque de Luxembourg to CIC Group, which becomes a shareholder via the Banque Fédérative du Crédit Mutuel (CIC Group holding company).
• 2005 Banque de Luxembourg Fund Research & Asset Management (BL FR&AM) brings together the bank's investment analytical and management expertise.
• 2010 Banque de Luxembourg opens a branch in Belgium to meet the needs of clients from the Belgian province of Luxembourg.

Shareholders

Banque de Luxembourg is one of the key players of the international private banking arm of the Crédit Mutuel-CIC Group.
Together with Banque CIC (Suisse), Banque Pasche, CIC Banque Transatlantique and CIC's subsidiary in Singapore, it offers CIC Banque Privée's private clients wealth management solutions with an international focus.