Banque et Caisse d'Épargne de l'État
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In Luxemburgish Spuerkeess, in French Banque et Caisse d'Épargne de l'État (abbreviated short BCEE or in the internet S-Bank), is a Luxembourgish bank, established and owned by the Luxembourgish government. Founded in 1856 as a savings bank, its competences were expanded over time, culminating in its transformation by Grand Ducal decree into a full service bank on 25 October 1944. Nowadays, it provides all the functions of a commercial bank, including retail banking and private banking.
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The magazine Global Finance rated Banque et Caisse d'Épargne de l'État, the 8th safest bank in the world in its "World’s 50 Safest Banks 2011" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor’s and the long-term bank deposit ratings from Moody’s Investors Service.[1]
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€402.6 m
