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Nico Picard and Stéphane Albert appointed to BIL Management Boardhttps://www.bil.com/en/bil-group/pressroom/news/Pages/nico-picard-and-stephane-albert-appointed-to-bil-management-board.aspxNico Picard and Stéphane Albert appointed to BIL Management Board<p>Banque Internationale à Luxembourg SA (BIL) is pleased to welcome Nico Picard, Chief Financial Officer, and Stéphane Albert, Chief Risk Officer, to the Management Board. These nominations have been approved by the regulatory authorities and are effective immediately. This change is accompanied by the departure of Vice Chairman Pierre Malevez, 64, who will soon be retiring. He joined the Management Board in 2009, and was Head of Finance and Risk Management.</p> <p>Nico Picard (53, Luxembourgish) joined BIL in 1989. Holding a PhD in mathematics, he became Head of Asset and Liability Management in 1993 and Head of Controlling and Financial Planning in 1995. He was Deputy Chief Financial Officer since 2012.</p> <p>Stéphane Albert (47, French) joined BIL in July 2017. He has a PhD in finance and 20 years’ experience with international banking groups, primarily in risk and asset management. Prior to joining BIL, he held the position of Chief Risk Officer of BNP Paribas Fortis’ international network, and was a professor of finance and a research associate at Université Paris-Dauphine and the Sorbonne Business School. He is the author of several international academic publications in his field.</p> <p>“<i>We are delighted to welcome two highly experienced professionals, Nico Picard and Stéphane Albert, to BIL’s Management Board. Following the departure of Pierre Malevez, whom I would like to thank for his hard work in raising BIL’s profile, we felt it was important to strengthen our management team. I look forward to their respective contributions to the development and strengthening of our market position,</i>” said Hugues Delcourt, Chief Executive Officer at BIL.</p>1/9/2018 2:00:00 PMENChief Financial Officer Nico Picard and Chief Risk Officer Stéphane Albert have been appointed to BIL’s Management Board.
BIL named Bank of the Year 2017https://www.bil.com/en/bil-group/pressroom/news/Pages/bil-named-bank-of-the-year-2017.aspxBIL named Bank of the Year 2017<p><i>“The Bank of the Year 2016 award recognised the initial success of our BIL2020 strategy. The fact that we have received this accolade from renowned magazine <i>The Banker</i> for the second year running once again demonstrates our ability to innovate and offer products and services tailored to our clients.”</i> commented Hugues Delcourt, CEO of Banque Internationale à Luxembourg.</p> <p>By treating innovation as a strategic priority, BIL upgrades and simplifies its service offering on an ongoing basis. For example, the bank was the first in Luxembourg to integrate the Touch ID feature into its mobile application and to offer 100% mobile and yet secure services thanks to app-to-app technology. The real estate website <a href="https://www.bil.com/myhome/index-en.html" target="_blank">my|HOME</a> is another example of the bank’s focus on improving the client experience. The user-friendly simulation tools offered on the website by BIL help private investors to manage their investment project and to make property decisions best suited to their personal needs.</p> <p>Brian Caplen, editor-in-chief of <i>The Banker</i> said: “This year, the panel of judges highlighted the excellent progress made by Banque Internationale à Luxembourg with regard to its innovative client offerings and digital solutions, as well as the bank’s impressive results.”</p> <p>Each year, <i>The Banker</i>, leading magazine for the world of finance published by the Financial Times, honours the best financial institutions at its Bank of the Year Awards ceremony. Composed of 120 financial sector professionals, the jury bases its decision on the institutions’ performance and primary achievements over the past 12 months.</p>11/30/2017 4:00:00 PMENBIL was presented with the Bank of the Year 2017 – Luxembourg award at a ceremony held on Wednesday, 29 November by financial magazine The Banker.
BIL IMMOindex: real-estate market still buoyanthttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-immoindex-real-estate-market-still-buoyant.aspxBIL IMMOindex: real-estate market still buoyant<p>In the second quarter of 2017, the BIL IMMO<i>index</i> stood at +1.82, up from +1.80 in the fourth quarter of 2016 and from +1.58 year-on-year. Despite a slight decline in the first quarter of 2017, the index returned to the high levels of late 2016. </p> <p>The movements on the BIL IMMO<i>index</i> show that the domestic residential property market remains particularly dynamic. The factors behind this strong performance are essentially the same as those identified at the end of 2016: a sharp increase in the number of mortgages (+13.8%) and construction activity (+11.3%), as well as a more pronounced discrepancy between the price increases of old (+7.5%) and new real estate (+3.8%).</p> <p>"The BIL IMMO<i>index</i> remains at the high level observed in late 2016, making it necessary to remain vigilant of a slight overheating of the market. Luxembourg's robust economic health is a reassuring factor, with a GDP growth forecast of 3% for 2017. The ECB is cautious about a possible rate hike, so a rebalancing of the market could come from an increase to the housing supply rather than a drop in demand," explains BIL Chief of Corporate and Institutional Banking, Marcel Leyers.</p> <div class="grid-adaptive small clear-div"> <div class="sub-column-40"> <img src="{%BIL_Internet_Root_URL_Luxembourg%}/PublishingImages/site-groupebil/news/immoindex2017-graph.jpg"> </div> <div class="sub-column-60"> <img src="{%BIL_Internet_Root_URL_Luxembourg%}/PublishingImages/site-groupebil/news/immoindex2017-graph2-en.jpg"> </div> </div> <p>Launched in October 2015 and developed by BIL in partnership with PwC Luxembourg, the BIL IMMO<i>index</i> keeps professional, institutional and private investors abreast of residential property market trends in Luxembourg.</p> <p>Updated regularly and published every six months, the index is based on property price trends on the sales market and the rental market, as well as on the underlying factors of supply and demand, like shifting demographics or construction activity in the economy of the country. In total, seven ratios are summarised to produce the BIL IMMO<i>index</i>, an easily readable indicator giving a concise overview of Luxembourg's residential property market over the last 35 years.</p> <p>The complete analysis, region by region, is available on <a href="{%BIL_Internet_Root_URL_Luxembourg%}/immoindex/index-en.html">www.bil.com/immoindex</a>.</p> <p><small><sup>1</sup> The index runs on a scale of -3 to +3 and reads the temperature of the market. At +3, the maximum level, the market is thought to be “overheating”. At the other end of the scale, a negative index means that the market is lacklustre, and a level of -3 indicates a stagnant, “frozen” market.</small></p>11/20/2017 7:00:00 AMENStill driven by increased lending and construction, the BIL IMMOindex remained persistently high during the second quarter of 2017.

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