Banque et Caisse d'Épargne de l'État

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Banque et Caisse d'Épargne de l'État
Government-owned corporation
Industry Banking
Founded 21 February 1856
Headquarters Luxembourg City, Luxembourg
Area served
Luxembourg
Key people
Victor Rod, Chairman
Jean-Claude Finck, President and CEO
Revenue Decrease €497.1 m (2011)[1]
Decrease €228.5 m (2011)[1]
Increase €186.8 m (2011)[1]
Number of employees
1,788 (2011)[1]
Website www.bcee.lu

In Luxemburgish Spuerkeess, in French Banque et Caisse d'Épargne de l'État (abbreviated short BCEE), 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.

Awards[edit]

The magazine Global Finance rated Banque et Caisse d'Épargne de l'État, the 7th safest bank in the world in its "World’s 50 Safest Banks 2012" 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.[2]

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