Legend Holdings receives regulatory approval for acquisition of Banque Internationale à Luxembourghttps://www.bil.com/en/bil-group/pressroom/news/Pages/legend-holdings-receives-regulatory-approval-for-acquisition-of-banque-internationale-a-luxembourg.aspxLegend 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 AMENFurther to the announcement of 1 September 2017, Legend Holdings Corp., has received all regulatory approvals including those of the CSSF and the ECB for the acquisition of Precision Capital’s 89.936% stake in BIL.
Involving parents in their children’s educationhttps://www.bil.com/en/bil-group/pressroom/news/Pages/involving-parents-in-their-children-s-education.aspxInvolving parents in their children’s education<p>Quality education is essential during early childhood. Children’s ability to learn is active right from their first years of life, and is inextricably tied to the quality of care they receive and their home environment. Parents have a duty to protect their children, take good care of them, and bring them up in a healthy and stimulating environment that will allow them to develop and grow, without failing to guide them in their schooling. <b>The Global Day of Parents</b>, instituted in 2012 by the United Nations and celebrated each 1 June, reminds us of the importance of this role. </p> <p><b>A kindergarten in Dosso that is open to all</b> </p> <p>Early childhood education remains a huge challenge in Niger, which is among the world’s least developed countries, where over 40% of children under five are seriously delayed in their growth due to malnutrition. This is the challenge faced by the SOS Kindergarten in Dosso, a city in the southern part of the country where <b>children under five make up 49.5% of the population. </b> The SOS Kindergarten mainly serves children in the local community, more than half of whom live in a condition of extreme vulnerability. </p> <p>Since 2016, Banque Internationale à Luxembourg has supported SOS Villages d’Enfants Monde and its work to educate young children in Dosso. From 2010 to 2017, the kindergarten had 509 new registrations, and hundreds of these children have since moved on to primary school. Guided by teachers who receive continuing education in fields like child protection and child psychology, the children benefit from programmes designed to foster their learning and development, with citizenship education, training of fine motor skills and an introduction to language and music. The kindergarten also prepares them for primary school and helps meet their other basic needs, guaranteeing them balanced meals and medical check-ups, and encouraging parents to play an active role in their learning. </p> <p><b>Amadou, a child full of life! </b> </p> <p>Last year, Amadou, an incredibly high-spirited kid despite his tough living conditions, started his final year of kindergarten. Hear his story and read <b>the latest news from the SOS Kindergarten in Dosso</b> on the Facebook pages of SOS Villages d’Enfants Monde and BIL.</p> 6/1/2018 9:00:00 AMENBIL’s Chief Executive Officer Hugues Delcourt presented a cheque for €30,000 to Sophie Glesener, Director of SOS Villages d’Enfants Monde, to help fund the SOS Kindergarten of Dosso, Niger.
BIL opens a new branch in Differdangehttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-opens-a-new-branch-in-differdange.aspxBIL opens a new branch in Differdange<p>The new branch of Banque Internationale à Luxembourg, located in the Opkorn shopping centre in Differdange, has been fitted out to reflect the new organisational model already successfully implemented at the bank’s other branches across the country. The Differdange-Opkorn branch has a warm, modern interior with clearly defined functional areas to make the client experience more fluid. A self-banking area with latest-generation ATMs and change machine is accessible during the shopping centre’s opening hours. Clients can carry out most of their cash transactions in this area. In the online area, which is equipped with tablets and PCs, clients are able to carry out their everyday banking transactions. Free, secure WiFi access is available throughout the branch. This new branch layout, which also includes private rooms, has been designed to optimise comfort and confidentiality. Branch manager Jean-Jacques Rinaldis and his specialist team of advisers will focus on supporting the development of companies and local SMEs and on assisting private clients throughout key periods of their life such as buying a new home, financing studies or saving up for their pension…</p> <p>This opening illustrates the bank’s service philosophy: offer clients permanently accessible, user-friendly digital resources for their daily needs, and provide customised advice to help them materialise their projects.</p> <p>At the opening, Mr Hugues Delcourt, CEO of BIL, and Mr Rinaldis handed over two cheques, one to the Nouvelle PNP – Fir d’Kanner a Latäinamerika organisation, the other to the Luxembourg Science Center. With these donations, BIL reaffirmed its long-term commitment to Luxembourg non-profit and educational organisations.</p> <p>Jean-Jacques Rinaldis and his team are available from 10am to 7pm, Monday to Friday, and 9am to 12pm on Saturdays.</p> <p><b>Address of the new Differdange Opkorn branch:</b><br> Centre Commercial Opkorn<br> 1, boulevard Emile Krieps<br> L-4530 Differdange</p>4/27/2018 12:00:00 PMENLocated in the Opkorn shopping centre, the new BIL branch is now open.


Press room

This page contains the latest press releases and press articles published by BIL.

Press releases and press articles

    View all press releases

    Press contact

    +352 4590-5046

    BIL Head office
    Banque Internationale à Luxembourg
    69, route d'Esch
    L-2953 Luxembourg