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. In terms of total assets BCEE is the third-largest bank in Luxembourg and the largest bank with domestic capital.[2]

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.[3]

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External links[edit]

Media related to Banque et caisse d'épargne de l'État at Wikimedia Commons