Banque de Luxembourg
Banque de Luxembourg is a financial institution in Luxembourg, which primarily focuses on wealth management and high-net-worth individuals History. Founded in 1920, the history of Banque de Luxembourg is closely tied in with the rise of the financial centre of Luxembourg. Shareholder structure. Banque de Luxembourg is a wholly owned subsidiary of Crédit Mutuel via the Crédit Industriel et Commercial (CIC). CIC serves around 4.97 million private, professional and corporate clients. CIC is 93%-owned by Banque Fédérative du Crédit Mutuel (BFCM), the holding company of the bancassurance group Crédit Mutuel Centre Est Europe-CIC. A  non-listed company, the Crédit Mutuel Centre Est Europe-CIC group combines the strengths of 11 regional federations of Crédit Mutuel with those of CIC. Owned by around 4.97 million sociétaires (shareholding members), and with 69,500 employees serving 23.8 million customers, it is a major player in the French retail banking sector. The Crédit Mutuel Centre Est Europe-CIC group's excellent financial strength is reflected in equity capital of EUR 39.6 billion and its tier one solvency ratio of 15%. The rating agencies Moody's and Standard & Poor's assign a rating of Aa3 and A+ respectively to the  BFCM group, making it one of the highest-rated banks in the eurozone. Branches. Luxembourg. Designed by Bernardo Fort-Brescia, from the architectural practice Arquitectonica in Miami, the Bank's head office and recently inaugurated extension houses the Bank's Luxembourg-based sales teams. The support and back office teams are located at the administrative headquarters in Howald. Belgium. The Bank's two private banking centres in Brussels and in Ghent provide fully fledged private banking services to wealthy residents in Belgium.