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.

• 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.