Banque et Caisse d'Épargne de l'État
Banque et Caisse d'Épargne de l'État headquarters on Place de Metz, Luxembourg City
|Founded||21 February 1856|
|Headquarters||Luxembourg City, Luxembourg|
|Victor Rod, Chairman
Jean-Claude Finck, President and CEO
|Revenue||€497.1 m (2011)|
|€228.5 m (2011)|
|€186.8 m (2011)|
Number of employees
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. In terms of total assets BCEE is the third-largest bank in Luxembourg and the largest bank with domestic capital.
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.
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