Banque et Caisse d'Épargne de l'État
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Banque et Caisse d'Épargne de l'État
| Type | 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 |  €497.1 m (2011)[1] |
| Operating income | €228.5 m (2011)[1] |
| Net income |  €186.8 m (2011)[1] |
| 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 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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Awards
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]
References
- ^ a b c d Annual report 2011,bcee.lu (French)
- ^ Global Finance:50 safest banks 2012, accessed on May, 2012.
See also
External links
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