Oct 17, 2015
Elaborated by:
Small Country, Big Banking System Luxembourg
Pu selectarehttp://www.cssf.lu/en/banks/
Luxembourg is one the worlds largest financial centers and is a worldwide leader in the investment fund industry as well as the largest international private banking centre in the Eurozone. Currently, 28% of the gross domestic product is generated by the financial sector. In 2010, there were over 149 banks registered in Luxembourg with their assets totalling more than US$1.06 trillion.Advanzia Bank An independent bank, with a limited number of private investors. The Company was established on July 19, 2005 and today the largest Luxembourgish issuer of credit cards with its "Gebhrenfrei MasterCard Gold". Banque Carnegie Luxembourg An exclusive private bank with a low risk profile focused on international asset management. It operates as a subsidiary of Carnegie Investment Bank. Banque Delen Luxembourg A specialist in asset management, and in particular private asset management. It operates as a subsidiary of Bank Delen (Belgium). In 2010, Bank Delen is awarded the designation Best Private Bank in Belgium by Euromoney. Banque de Luxembourg Founded in 1920, it is one of the most important financial organizations in Luxembourg. Shareholders: CIC EST (72.37%) and Banque Fdrative du Crdit Mutuel (27.63%). Banque et Caisse d'pargne de l'tat (BCEE) A Luxembourgish bank owned by the Luxembourgish government. The company provides retail banking and private banking services. Banque Invik S.A. A Luxembourg Bank with Scandinavian roots. It was founded by the Swedish entrepreneur Jan Hugo Stenbeck in 1989. Banque LBLux S.A. A subsidiary of German-based Bayerische Landesbank, Mnchen. The company provides corporate banking, private banking, wealth management and treasury & securities services. The Bank was established on June 7, 1973. Banque Prive Edmond de Rothschild Europe The largest Swiss bank in the Luxembourg. It specialises in wealth management, investment fund administration and custody as well as global asset management. The company was established in 1969 and operates as a subsidiary of Banque Privee Edmond de Rothschild S.A. Banque Raiffeisen A bank based in in Merl, Luxembourg. BGL BNP Paribas A Luxembourg bank founded in 1919. Since 2009, it has been a member of the BNP Paribas group. BGL BNP Paribas is the second-largest bank for individual customers in Luxembourg. Central Bank of Luxembourg (Banque centrale du Luxembourg (BCL)) was established on April 22, 1998. The State of Luxembourg is the sole shareholder of the BCL's capital for an amount of 175 million euro. It is part of the European System of Central Banks. Commerzbank International S.A. A 100% subsidiary of Commerzbank AG Germany. Its main private banking activities range from relationship services to portfolio management solutions. Commerzbank International S.A. is a major international gold bullion dealer and member of the London Bullion Market Association. The company was established in 1969 and is based in Luxembourg. Credem International (Lux) S.A. A subsidiary of Credito Emiliano SpA, Reggio Emilia, Italy. The company provides private and business banking services. Credem International (Lux) was established on December 20, 1973 and is located in Luxembourg. Crdit Agricole Luxembourg A private banking subsidiary of Crdit Agricole S.A. The company offers a wide spectrum of wealth management services including personal wealth management engineering and asset management. Dexia Banque Internationale Luxembourg S.A. The Bank was established in 1856 and operates as a subsidiary of Dexia S.A., Brussels. In December 2011, Dexia S.A. announced that Precision Capital, a Qatar-based investment group, agreed to acquire a 90% stake in Dexia Banque Internationale Luxembourg. DZ Privatbank S.A. One of the largest German banks based in the financial centre Luxembourg. Shareholders are DZ Bank AG (70.33 %), WGZ Bank AG (18.72 %) and Cooperative banks (10.95 %). DZ Privatbank S.A. was established in 1977. Fortuna banque The Bank was established in 1915 and is headquartered in Luxembourg. Socit Nationale de Crdit et d'Investissement (SNCI) A bank specializing in medium and long term financing of investments made by Luxembourg based companies. Founded in 1978, it is wholly owned by the State of Luxembourg. LBBW Luxemburg S.A. A 100% subsidiary of German-based Landesbank Baden-Wrttemberg. With over EUR10 billion assets under administration, it is a highly active custodian bank. Moreover, the bank manages a credit investment portfolio of EUR6 billon. The company was founded on January 3, 1978. M.M. Warburg Bank Luxembourg A subsidiary of the Hamburg based private bank M.M.Warburg & CO KgaA, one of largest independent private banks in Germany. M.M.Warburg Bank Luxembourg advises and provides operational support to both private and institutional clients. The company was established in 1973. Nomura Bank (Luxembourg) S.A. (also referred to as NBL) A subsidiary of Nomura Europe Holdings plc, United Kingdom. The company was founded on February 2, 1990. Mr. Nakada Masafumi is the Chairman of the Bank. Nordea Bank S.A. The leading Nordic pan-European banking entity in Luxembourg and Switzerland. The Bank specializes in private banking, fund distribution and fund management services. The company was founded on September 30, 1976 and operates as subsidiary of the Nordea Group, Sweden. UBS (Luxembourg) S.A. A subsidiary of UBS AG, Zurich. The compmay provides wealth management, investment banking and asset management services. UBS (Luxembourg) S.A. was founded on August 20, 1973. VP Bank (Luxembourg) S.A. A subsidiary of Verwaltungs- und Privat-Bank AG, Vaduz (Liechtenstein).
Number of banksCentral Bank
1
218
220
215
210
189
169
162
155
156
156
152
149
147
143
141
141
Column1
Sheet1
Column1
1993218
1995220
1997215
1999210
2001189
2003169
2004162
2005155
2006156
2007156
2008152
2009149
2010147
2011143
2012141
2013141
List of banks established in Luxembourg in accordance with the Law of 5 April 1993:
Situation at 09/10/2013
Banks authorised to carry on their activities pursuant to Article 2 of the Law of 5 April 1993:Rural banks 13Banks issuing mortgage bonds 6 Branches of credit institutions originating from a non-Member State of the European Union authorized in Luxembourg according to Article 32 of the Law of 5 April 1993 8Branches of credit institutions originating from a Member State of the European Union and assimilated authorised in Luxembourg according to Article 30 of the Law of 5 April 1993 30 Luxembourg public institutions 2Partnerships limited by shares under Luxembourg law 2Public limited companies under Luxembourg law (S.A.) 96
Significant degree of international activityLuxembourg has 141 banks from 26 countries: 106 subsidiaries 35 branchesGeographic origin of private banking clients(1)The number of banks per 100,000 inhabitants: 141 / 537,853 * 100,000 = 26.22 Banque de Luxembourg
Country of originNumberGermany37France14Switzerland11Italy9Sweden8United Kingdom7Belgium6USA6Japan5Luxembourg5China4Netherlands4Brazil3Israel3Portugal3Qatar3Andora2Canada2Norway2Denmark1Greece1Latvia1Liechtenstein1Russia1Spain1Turkey1
1
0.24
0.18
0.21
0.17
0.07
0.03
0.04
0.04
0.01
0.01
Column1
Sheet1
Column1
Belgium, France, Germany24%
Luxembourx18%
Not defined21%
Other European countries17%
Other non EU countries7%
Eastern Europe (non EU)3%
Latin America4%
Asia4%
USA1%
Africa1%
GDP evolution (mln EUR)
1
11805
21998
30270
37372
36027
39906
42626
44426
leverage rate
1
20082009201020112012
Long term0.960.440.910.720.45
Short term35.3340.8827.4736.4949.73
1
00
00
00
00
00
Long term
Short term
2
lei
2008195
5.201255
1.201313.87
2.1317.3
3.1314
3
http://www.evm.md/public/studii/Studiu_actiuni_bancare_09.08.pdf
MLN.LEI20082009201020112012
K1cp/ T DEP31.200302915627.13004484323.278163374318.847352024916.09130352761993
K2CP/ Active imobilizate2.17989417990.81914893620.94372294371.15710382511.01186239622000
k3Cprotectie/Cp0.45873786411.22077922081.05963302750.86422668240.98827667062005
K4(CP-Fond Statutar)/CP0.96480582520.96576151128728470.86283704572008
K5CP/Dep.PF36.868008948546.208401527635.418359057726.17428924636.46857631472009
K6CP/Tcredite82484731.19856887334.27762039666.99180327872010
ROEProfit net/CP28.73.210.673.33-26.272011
3.3057851242012
cp/Tp
19932000200520082009201020112012
K6leverage rate11,805.0021,998.0030,270.0037,372.0036,027.0039,906.0042,626.0044,426.00
3
leverage rate
Banking intermediation Aggregat assets/ GDP * 100,000
1
33.6430326133
29.4405400491
26.1397423191
24.8703307289
21.9984456102
19.1027665013
18.6282550556
16.5457164723
Column1
Sheet1
Column1
199333.64
200029.44
200526.14
200824.87
200922.00
201019.10
201118.63
201216.55
The bankarization degree
Return on Equity
1996200020052006200720082009201020112012(net profit / Equity capital)*100
1
15224168911.0943247504
24595247910.0792844074
32649349810.7139575485
35895567115.7988577796
38931473912.1728185765
381572180.5713237414
4415120564.6567461666
4349538178.7757213473
4280724905.8168056626
4566335387.7480673631
own capital
net rezult
ROE
1
2
yearown capitalnet rezultROE
199615,2241,68911.09221471,704
200024,5952,47910.08202647,633
200532,6493,49810.71155791,250
200635,8955,67115.80156839,574
200738,9314,73912.17156915,341
200838,1572180.57152929,454
200944,1512,0564.66149792,538
201043,4953,8178.78147762,315
201142,8072,4905.82143794,048
201245,6633,5387.75141735,060
2
15224168911.0943247504
24595247910.0792844074
32649349810.7139575485
35895567115.7988577796
38931473912.1728185765
381572180.5713237414
4415120564.6567461666
4349538178.7757213473
4280724905.8168056626
4566335387.7480673631
&A
Page &P
own capital
net rezult
ROE
year
3
26.2153413665537853
ActiveGDP
397,156.0011,805.00199333.64
647,633.0021,998.00200029.44
791,250.0030,270.00200526.14
929,454.0037,372.00200824.87
792,538.0036,027.00200922.00
762,315.0039,906.00201019.10
794,048.0042,626.00201118.63
735,060.0044,426.00201216.55
3
33.6430326133
29.4405400491
26.1397423191
24.8703307289
21.9984456102
19.1027665013
18.6282550556
16.5457164723
Return on Assets
1996200020052006200720082009201020112012(net profit / Aggregate assets)*100
1
47170416890.3580635314
64763324790.3827785181
79125034980.4420853081
83957456710.6754616031
91534147390.5177305507
9294542180.0234546304
79253820560.2594197376
76231538170.5007116481
79404824900.313583058
73506035380.4813212527
Aggregate Assets
Net Profit
ROA
1
2
yearAggregate AssetsNet ProfitROA
1996471,7041,6890.36221471,704
2000647,6332,4790.38202647,633
2005791,2503,4980.44155791,250
2006839,5745,6710.68156839,574
2007915,3414,7390.52156915,341
2008929,4542180.02152929,454
2009792,5382,0560.26149792,538
2010762,3153,8170.50147762,315
2011794,0482,4900.31143794,048
2012735,0603,5380.48141735,060
2
&A
Page &P
Aggregate Assets
Net Profit
ROA
year
3
26.2153413665537853
ActiveGDP
397,156.0011,805.00199333.64
647,633.0021,998.00200029.44
791,250.0030,270.00200526.14
929,454.0037,372.00200824.87
792,538.0036,027.00200922.00
762,315.0039,906.00201019.10
794,048.0042,626.00201118.63
735,060.0044,426.00201216.55
3
All the banks under Luxembourg law and, if they are not included in a supervision carried out by a foreign authority based on compliance with standards offering guarantees comparable to those enforced in Luxembourg, branches of non-EU banks must permanently have eligible own funds at least equal to the global capital requirement for credit risk, exchange-rate risk and market risks (including notably interest-rate risk, risk of price variation of title deeds, settlement-delivery and counterparty risk). This requirement is stated by means of a ratio and must be at least 8%.
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