| Full house at BIL’s third Startuppers Night | https://www.bil.com/en/bil-group/pressroom/news/Pages/full-house-at-bil-s-third-startuppers-night.aspx | Full house at BIL’s third Startuppers Night | | <p>Geekiness prevailed on Thursday at the Technoport in Belval. Startuppers Night once again drew a crowd. Entrepreneurs, start-ups, incubators and accelerators stood shoulder-to-shoulder to test the latest technological innovations in the world of virtual reality, video games and artificial intelligence. They were introduced to the new electric smart scooter from Ujet, could test the multi-sensory display screen from Sniffy with its amazing fragrances, and check out the painting robot from Mexence and famous lunar rover from iSpace. The luckiest went away with volume 0 of the Ragnafall and Imperium Circus mangas signed by Cyril Marchiol from Tsume.</p>
<p>The atmosphere was festive yet relaxed. As the music played, attendees were able to take part in various recreational activities: puzzles, virtual reality games and, of course, cosplayer performances, alongside the famous Batmobile from the world of the superhero Batman. More nostalgic guests could also try retrogaming in a throwback to the 1980s. </p>
<p><b>A vibrant, eclectic, tech and fun event!</b></p>
<p>BIL launched Startuppers Night in 2016. Based on this initial success, BIL decided to make it an annual event for innovative companies and start-ups in Luxembourg.</p>
<p>According to Pierre-Olivier Rotheval, Head of Marketing and Innovation at BIL, " <i>the growing Luxembourg start-up community is becoming increasingly fragmented. Startuppers Night is a chance to come together in a different, offbeat environment. To stand out from the multitude of pitch sessions, panels and other round tables, we wanted to offer something different: a vibrant, eclectic, tech and fun event! A reflection of the start-up community.</i>"</p>
<p>A major player in Luxembourg's start-up ecosystem, BIL supports accelerators and incubators such as Technoport, Paul Wurth InCub, InnoHub, Nyuko and the co-working space The Office. With its BIL Start support service, the bank gives start-up entrepreneurs access to the various financing programmes in which it participates. BIL is a stakeholder in the Digital Tech Fund launched by the Ministry of the Economy in 2016, and in July 2015 it became the first Luxembourgish bank to sign the InnovFin guarantee agreement for innovative SMEs as part of the European Fund for Strategic Investments (EFSI).</p>
<p>The undeniable success of this third event once again shows the entrepreneurial energy and growth of the start-up ecosystem in Luxembourg.
</p>
| 9/21/2018 1:00:00 PM | | |
| BIL donates €5,000 to Médecins du Monde | https://www.bil.com/en/bil-group/pressroom/news/Pages/bil-donates-5000-euro-to-medecins-du-monde.aspx | BIL donates €5,000 to Médecins du Monde | | <p>The heavy downpours in Luxembourg in early June caused material damage to Médecins du Monde’s medicine supply, which was flooded and had to be partly thrown away. </p>
<p>A partner since 2015, BIL and its staff members wasted no time in responding to the non-profit organisation’s appeal for donations. From 18 June to 6 July, the bank organised a major collection of medicines and toiletries. Thanks to the fantastic efforts of its staff, BIL was able to gather more than 300 products (essentials such as toothpaste, moisturisers, mouthwash, paracetamol, etc.). In addition to this generous gesture, the bank also made a donation of €5,000. </p>
<p>The donated products and the €5,000 cheque were presented to Médecins du Monde on 16 July at its Healthcare and Advice Centre in Bonnevoie, Luxembourg City. Through drives like these, the bank helps finance the organisation’s activities (more than 90% of its funding comes from donations). </p>
<p><i>“We are proud to support Médecins du Monde. Their impressive work reminds us that access to healthcare is not universal, even in our country,”</i> commented Hugues Delcourt, CEO of Banque Internationale à Luxembourg. </p>
<p><i>“In Luxembourg, not everyone has access to healthcare. Some are excluded, unable to exercise their right to healthcare or waiting for their application to be accepted,”</i> explained Sylvie Martin, General Manager at Médecins du Monde. </p>
<p>Médecins du Monde provides care to vulnerable individuals – the poor, isolated, and those living in unsatisfactory housing conditions – thanks to the work of its teams of volunteers, which include doctors, nurses, dentists, ophthalmologists, psychologists and also non-medical workers.</p>
| 7/26/2018 9:00:00 AM | | |
| Legend Holdings receives regulatory approval for acquisition of Banque Internationale à Luxembourg | https://www.bil.com/en/bil-group/pressroom/news/Pages/legend-holdings-receives-regulatory-approval-for-acquisition-of-banque-internationale-a-luxembourg.aspx | Legend Holdings receives regulatory approval for acquisition of Banque Internationale à Luxembourg | | <p>A delegation from Legend Holdings, including Liu Chuanzhi and Zhu Linan (Chairman and President of Legend Holdings respectively), will be travelling to Luxembourg to mark this important milestone for both BIL and Legend Holdings between 10 and 12 July.</p>
<p>As stated in September 2017, the acquisition represents a long-term strategic investment for Legend Holdings. BIL’s asset scale, profit and revenue growth potential and business stability qualify BIL as a pillar asset for Legend Holdings, underlining its long-term investment horizon. BIL is a well-run and well-capitalised bank with a diversified business model and a focused, long-term strategy. Its long history and salient presence in Luxembourg are highly valued by Legend Holdings.
<br>Legend Holdings is committed to providing the financial and operational support to maintain and grow the BIL brand both domestically and internationally, and to further invest in BIL’s client offering. Legend Holdings is looking forward to supporting the existing Management Board in continuing to implement the BIL2020 strategy to achieve sustainable growth.</p>
<p>In line with the commitments made in September 2017, Legend Holdings will:</p>
<ul class="list-check">
<li>Maintain and invest further in the development of the BIL brand in Luxembourg, Europe and globally;</li>
<li>Invest in BIL’s people, support employment and provide international career opportunities;</li>
<li>Retain the current governance and management of the bank: Luc Frieden will remain BIL Chairman, while Hugues Delcourt will remain CEO.</li>
<p>Under the stewardship of Legend Holdings and the Grand Duchy of Luxembourg, BIL’s commitment to its home market of Luxembourg will remain as strong as ever.</p>
<p><b>Liu Chuanzhi, Chairman of Legend Holdings, said:</b> “<i>We are delighted to welcome BIL into the Legend Holdings group. We recognize BIL’s status as a national champion and are excited by its growth potential, the quality of its client proposition, and above all, its people. “We look forward to fulfilling our commitment to maintain continuity at BIL while at the same time investing to pursue the opportunities that the Board and Legend Holdings unanimously see ahead for the bank.</i>”</p>
<p><b>George Nasra, CEO of Precision Capital, said:</b> “<i>Six years after acquiring a majority stake in BIL, we take great pride in the significant progress the bank achieved under our stewardship. We would like to take this opportunity to express our gratitude to the Luxembourg State, BIL’s Board of Directors, its management team and its more than 2,000 employees for welcoming us, working with us and, together, making the bank even stronger. We wish everyone at BIL continued success moving forward.</i>”</p>
<p><b>Luc Frieden, Chairman of BIL, said:</b> “<i>Today’s announcement is an important milestone in BIL’s development. As a long-term diversified investment holding company, Legend Holdings enjoys a reputable brand and has extensive global resources. We believe that leveraging Legend Holdings’ strengths will provide strong support to BIL's development in the future. As a leading universal bank, we will continue to support a significant part of the Luxembourg economy by providing a comprehensive range of retail, wealth management and corporate and institutional banking products and services to our clients.</i>”</p>
<p><b>Hugues Delcourt, CEO of BIL, said:</b> “<i>With the support of the Board, my management team will continue to build on our BIL2020 strategy. We will continue to reinforce the bank’s position in our existing markets while constantly enhancing our client offering and growing our geographic reach. At the same time, Legend Holdings’ extensive networks and significant experience in financial technology, Artificial Intelligence and big data will further support our ambitions.</i>”</p> | 7/2/2018 11:00:00 AM | | |
