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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.
BIL EXHIBITION: Laura Mannelli: The Promises of Monstershttps://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-EXHIBITION-Laura-Mannelli-The-Promises-of-Monsters.aspxBIL EXHIBITION: Laura Mannelli: The Promises of Monsters<p>Laura Mannelli, who graduated from the École nationale supérieure d’architecture Paris-Malaquais, has been developing a concept based on virtual realities and their new paradigms for several years now, using digital art as a field of research. Based on an immersive world inspired by Dante’s Divine Comedy, <em>The Promises of Monsters</em> blends elements of plastic arts, video games, new forms of narrative and architecture. Although the digital arts is still a largely unknown art form for most, this exhibition will give visitors a glimpse of the infinite creative possibilities it provides.</p> <p>For BIL, this exhibition is a perfect example of its commitment to promoting the national art and culture scene as well as innovation. The bank hosts regular exhibitions to display the works of local artists and collectors, but doesn’t intend to stop there: in February 2017 it launched the Indépendance grant together with its partners, the Fonds culturel national and the Fondation Indépendance. The aim of this grant is to support the creative process behind innovative works in the area of digital arts and new technologies. And with Laura Mannelli’s <em>The Promises of Monsters</em>, it’s mission accomplished!</p> <p>Art enthusiasts and players in the world of digital innovation will have the chance to immerse themselves in this virtual universe from 20 October 2017 to 2 February 2018 at BIL’s Galerie Indépendance.</p> 10/19/2017 2:00:00 PMENLaura Mannelli’s project, The Promises of Monsters, will be displayed at BIL’s Galerie Indépendance from 20 October.
Legend Holdings to acquire Precision Capital's stake in Banque Internationale à Luxembourghttps://www.bil.com/en/bil-group/pressroom/news/Pages/legend-holdings-to-acquire-precision-capital-stake-in-bil.aspxLegend Holdings to acquire Precision Capital's stake in Banque Internationale à Luxembourg <p>Legend Holdings Corp., a Hong Kong-listed diversified investment group, announced today the signing of an agreement with Precision Capital, a Luxembourg-based financial holding company, for the acquisition of Precision Capital’s 89.936% stake in Banque Internationale à Luxembourg (BIL), a leading universal banking group headquartered in Luxembourg.</p> <p>The proposed transaction remains subject to ECB/CSSF approval and that of other regulatory authorities. It also remains subject to Legend Holdings shareholder approval. The Grand Duchy of Luxembourg will retain its 9.993% ownership of BIL. </p> <p>Legend Holdings, founded in 1984, is a leading diversified investment group. Its strategic investments focus on several major sectors including financial services, innovative consumer services, agriculture and food, and IT. As at 31 December 2016, the company had assets of €43.92 billion, annual revenues in excess of €40 billion and close to 70,000 employees worldwide. Lenovo Group, one of its portfolio companies, was founded by Legend Holdings in 1984 and is now one of the world’s leading vendors of personal computers. Lenovo successfully acquired IBM’s global PC business in 2004, subsequently investing and growing the brand into a global leader. </p> <p>The acquisition of 89.936% of BIL represents a long-term strategic investment for Legend Holdings. The company is committed to providing the financial and operational support to maintain and grow the BIL brand domestically and internationally, further enhance its customer offering and support existing management in the delivery of its strategy to achieve sustainable growth. </p> <p>As part of the proposed transaction, Legend Holdings will: </p> <ul class="list-check"> <li>Maintain and invest further in the development of the BIL brand, in Luxembourg, Europe and internationally </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> </ul> <p>Precision Capital, along with the Grand Duchy of Luxembourg, acquired BIL in 2012 at a time when the previous shareholder faced significant financial stress. Precision Capital and BIL have since overseen a turnaround of the bank following an in-depth strategic review, having made significant investments in the bank and its brand. </p> <p>Since 2012, the management team has grown operating revenue by 20% to €505 million in 2016, while operating profit has risen 57% to €124 million. Over the same period, total assets have increased to €23 billion, total loans to customers are up by 27% to €12.2 billion and assets under management have grown by 30% to €37.7 billion. The bank’s capital strength has been bolstered over this time, reaching a Common Equity Tier-1 ratio of 13.4% at end 2016 – up from 10% in 2012. </p> <p><b>Commenting on the announcement, Liu Chuanzhi, Founder and Chairman of Legend Holdings, said: </b> <em>“This is an important and exciting strategic investment for Legend. Financial services is one of Legend Holdings’ key target industries. BIL’s asset scale, revenue and profit growth potential, and its business stability meet Legend’s pillar assets criteria. It affirms Legend’s target of investing in pillar assets. </em> </p> <p> <em> “Legend Holdings has accumulated extensive experience in the financial services industry, and has achieved a solid performance in the sector over the past years. BIL is a well-run and respected universal banking group with strong roots in Luxembourg’s history. We aim to preserve and enhance this status, supporting the bank and its existing management team in growing BIL from a national champion to a Luxembourg-based, international banking brand. We believe that as a long-term strategic shareholder, Legend can add value to the international business development opportunities and application of financial technology of the bank, and realize our mission of building great companies. </em> </p> <p> <em> “We would like to thank Precision Capital, the Luxembourg State and the BIL management team for their support. We look forward to working closely with Luxembourg State and the bank in the years ahead.” </em> </p> <p><b>Luc Frieden, Chairman of BIL, said: </b><em>"Thanks to strategic measures taken since 2012 – with the support of Precision Capital, the Luxembourg State, our employees and our clients – BIL has successfully regained its status as a leading Luxembourg financial institution. </em></p> <p><em>“We welcome our new shareholder, who has a proven track record of successful investment in a range of companies and have demonstrated great sensitivity to what makes BIL unique. We look forward to working with the Legend Holdings team to build on BIL’s tradition of excellence that dates back to 1856 as a strong, stable and innovative Luxembourg universal bank. While clients and staff will experience full continuity, we will also have an opportunity to further strengthen BIL's exceptional place in the Luxembourg economy, while enhancing its European and international ambitions. </em></p> <p><em> I am proud to chair this great Luxembourg bank as we prepare to write the next chapter in BIL’s success story,” </em> Frieden added. </p> <p><b>George Nasra, CEO of Precision Capital, said: </b><em>“BIL has made tremendous progress in the past five years. The business is in great shape and boasts an exceptionally strong brand, supported by an experienced management team and over 2,000 committed employees in Luxembourg and abroad. Legend Holdings is the right partner for BIL as it moves into its next phase of its sustained growth and expansion.” </em> </p> <p>Nasra noted that Precision Capital’s only other investment – its 99.9% ownership of KBL European Private Bankers (KBL epb), a pan-European private banking group headquartered in Luxembourg – will not be impacted by the agreement with Legend Holdings. <em> “We remain committed to supporting the long-term stability and growth of KBL epb,” </em> Nasra concluded. </p> <p>The proposed transaction is expected to close in the first quarter of 2018, subject to approval from the European Central Bank, the Commission de Surveillance du Secteur Financier and other relevant regulatory authorities. The acquisition entity is Beyond Leap Limited, a wholly owned subsidiary of Legend Holdings incorporated in Hong Kong. </p> 9/1/2017 1:00:00 PMENLegend Holdings Corp., a Hong Kong-listed diversified investment group, announced today the signing of an agreement with Precision Capital, a Luxembourg-based financial holding company, for the acquisition of Precision Capital’s 89.936% stake in BIL.
BIL supports The Office, a co-working space in Luxembourghttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-supports-the-office-a-co-working-space-in-luxembourg.aspxBIL supports The Office, a co-working space in Luxembourg<p>A keen actor in the development of the Luxembourg start-up ecosystem, BIL has decided to support The Office, a new start-up office space in the heart of Luxembourg City. Opened in November 2016, The Office offers co-working places in several different spaces within a rejuvenated industrial building. Entrepreneurs can also make use of meeting rooms, break areas and a café. The layout of the premises, added to regular events encourage interaction between entrepreneurs and help create a true The Office spirit!</p> <p>‘’<i>We have founded The Office to create a true co-working space in the city center, supporting start-ups and newly founded innovators with a creative and unconventional office infrastructure. The Office is a start-up itself, thus BIL's support came in the perfect moment to complete pending works and to further get our offering to the market. We appreciate BIL as a true partner inspiring to further develop our path of bringing a new wave of entrepreneurship to the Grand-Duchy</i>”, said Gosia Kramer, Managing partner of The Office. </p> <p>Pierre-Olivier Rotheval, Head of Innovation and Marketing at BIL added: “<i>We keep an eye on all the initiatives likely to contribute to the development of the start-up ecosystem in Luxembourg, in order to build a Start-up Nation. We were impressed by The Office, which provides entrepreneurs with flexible workspace solutions</i>”.</p> <p>Through this partnership, the bank will be able to help the start-ups it works with to find a workspace. This partnership with The Office is part of a concerted effort to promote innovation and entrepreneurship in Luxembourg. BIL is already a partner of the country’s main incubators and supports many start-ups. Its BIL Start support service gives start-up entrepreneurs access to the various financing programmes in which the bank participates. BIL is a stakeholder in the Digital Tech Fund, launched by the Ministry of the Economy in 2016. In July 2015, BIL became the first Luxembourg bank to sign the InnovFin guarantee agreement for innovative SMEs as part of the European Fund for Strategic Investments (EFSI). Besides these financing solutions, the bank will be able to enhance its range of services by providing workspaces at The Office.</p> 8/8/2017 9:00:00 AMENCollaboration announced between BIL, a company committed to developing the start-up ecosystem in Luxembourg, and The Office, a true co-working space in the heart of capital.
BIL IMMOindex: the housing market is more buoyant than everhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-immoindex-the-housing-market-is-more-buoyant-than-ever.aspxBIL IMMOindex: the housing market is more buoyant than ever<div class="grid-adaptive small clear-div"> <div class="sub-column-50"> <div class="grid-youtube"> <iframe width="560" height="315" src="https://www.youtube.com/embed/zO1gpM6Udjo?rel=0" frameborder="0" allowfullscreen=""></iframe> </div> </div> <div class="sub-column-50"> <img src="{%BIL_Internet_Root_URL_Luxembourg%}/PublishingImages/site-groupebil/news/immoindex-graph-en.jpg"> </div> </div> <p>The BIL IMMO<i>index</i> increased from +1.58 in the second quarter of 2016 to +1.80<sup>1</sup> in Q4. At +0.87 in Q4 2015, it more than doubled in a year. This rise reflects a nationwide housing market rally begun at the start of 2016 and continued throughout the year, slightly gaining momentum in the process. <br>The reasons for the renewed rise in the index include a sustained climb in housing prices (+7.7% between Q4 2015 and Q4 2016), the credit boom (+25.4% increase in the volume of mortgage loans compared to end-2015) and, to a lesser extent, a robust construction sector (+5.7% year-on-year growth in Q4 2016).</p> <p>“<i>The index more than doubled between end-2015 and end-2016, powered by rising housing prices and the credit boom. Although it is on the verge of overheating, the market’s ascent is underpinned by solid fundamentals: a growing population and a robust national economy. An increase on the supply side, rather than a decrease in demand, would serve to slow the rise and help move the IMMO<i>index</i> closer to an equilibrium,</i>” explains Marcel Leyers, Chief of Corporate and Institutional Banking at BIL.</p> <p>Launched in October 2015 and developed by BIL in partnership with PwC Luxembourg, the BIL IMMO<i>index</i> is an indicator of housing market trends in Luxembourg for professional, institutional and retail investors.</p> <p>Updated regularly and published every six months, the index is based on price changes on the selling and rental markets, as well as factors underlying supply and demand such as the national economy, construction activity and demographic change. A total of seven ratios are integrated to produce the BIL IMMO<i>index</i>, a clear indicator that gives an overview of Luxembourg housing market in the last 35 years.</p> <p>The complete analysis for each region of Luxembourg is available at <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>7/18/2017 11:00:00 AMENThe index, a true market barometer, reached +1.80 in Q4 2016, up from +1.58 in June 2016.
BIL donates EUR 10,000 to the Fondation Lëtzebuerger Kannerduerfhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-donates-eur-10000-to-the-fondation-letzebuerger-kannerduerf.aspxBIL donates EUR 10,000 to the Fondation Lëtzebuerger Kannerduerf<p>The employees of BIL’s Mersch branch all turned out to support the Fondation Lëtzebuerger Kannerduerf at its traditional annual party on 2 July. The programme featured numerous games with prizes to be won by the children of the Kannerduerf as well as visiting children and parents. In addition to these festivities, the event was a chance for the charity to present its projects, plans and facilities to the public. The Mersch branch employees, who have been supporting the Fondation for over fifteen years, were there to welcome the children and to help run the stalls throughout the day.</p> <p>"Once again, SOS Kannerduerf's annual party was an extremely rewarding experience. My colleagues and I are proud to have been able to help the charity on this occasion. It was with immense pleasure that I was able to present the Fondation Lëtzebuerger Kannerduerf with a cheque for EUR 10,000 as a token of our commitment to this charity, which we have been supporting for many years," commented Nico Muller, manager of BIL's Mersch branch.</p> <p>Marianne Brosius, Director of SOS Kannerduerf, thanked the Mersch branch staff and the bank as a whole: "We are particularly pleased that BIL continues to express its support for our organisation at our annual party. Once again, I cannot thank this organisation enough. On behalf of all "our" children, a very big thank you."</p> <p>The Fondation Lëtzebuerger Kannerduerf targets children whose parents are unable or no longer able to look after them, as well as children and parents who are experiencing family problems. SOS Kannerduerf Lëtzebuerg supports children who are separated from their parents, to ensure that they are able to grow up and develop under the best conditions possible.</p> <p>The Village SOS Enfants, located in Mersch, was founded in 1968 on the initiative of Luxembourger Marcel Nilles. "SOS" or host families were housed there. Over the years, the Fondation Lëtzebuerger Kannerduerf diversified its activities and extended its geographical reach to cover all of Luxembourg. The name “SOS Kannerduerf Lëtzebuerg" now covers all the care services offered by the Fondation Lëtzebuerger Kannerduerf.</p> <p>Educational programmes play a predominant role in its activities, which is one of the reasons why BIL supports the Fondation. BIL's commitment to education is one of the key components of its Corporate Social Responsibility (CSR) policy, alongside culture and innovation.</p>7/3/2017 10:00:00 PMENThrough this donation, Banque Internationale à Luxembourg is reaffirming its support for the charity SOS Kannerduerf Lëtzebuerg
Laura Mannelli awarded Indépendance Granthttps://www.bil.com/en/bil-group/pressroom/news/Pages/laura-mannelli-awarded-independance-grant.aspxLaura Mannelli awarded Indépendance Grant<p>The judging panel, composed of representatives from the world of art (FOCUNA, Casino Luxembourg - Forum d'art contemporain, Rotondes) and innovation (Digital Lëtzebuerg), as well as the Fondation Indépendance and BIL, was unanimously won over by The Promises of Monsters. Based on an immersive world inspired by Dante’s Divine Comedy, Laura Mannelli’s project blends elements of plastic arts, video games, new forms of narrative and architecture.</p> <p>The Luxembourg architect and artist, who graduated from the Ecole nationale supérieure d’architecture Paris-Malaquais, has been developing a concept based on virtual realities and their new paradigms for several years now, using digital art as an area of research. Cofounder of the Human Atopic Space (HAS), the group behind the Atopic Festival, which was one of the first in Europe dedicated to virtual realities and machinima, Laura Mannelli also unveiled her Ech Sinn Melusine project at the Palais de Tokyo in Paris. She has taken part in a number of digital arts festivals, and also participated in the 2014 Nuit Blanche in Paris, where she exhibited her Beyond Bitmaps project, an interactive architectural work. More recently in 2017, she led and participated in several bold art projects. These include the Near Dante Experience, where she collaborated with Gérard Hourbette, one of the members of legendary band Art Zoyd and a big name in electro-acoustic music, as well as the City Film Fest’s Pavillon Réalité Virtuelle at Casino Luxembourg - Forum d’art contemporain. </p> <p>“<i>Digital artists working with virtual realities – a very specific field – rarely have the opportunity to exclusively occupy an exhibition space. I am especially honoured to have been selected for this grant as my Luxembourgish identity is what inspired my thinking and led me to focus on virtual realities,</i>” explained Laura Mannelli.</p> <p>She added that “<i>From being the home of the creator of a new genre of literature, Hugo Gernsback, said to have been born in Bonnevoie, who was the first to use the term ‘science fiction’ to describe fictitious worlds or societies that have been enhanced with science and new technologies, to the country’s current ventures into asteroid mining, to me, Luxembourg has always been a natural breeding ground for new ideas and pioneering spirit. ‘The Promises of Monsters’, a title inspired by Donna Haraway’s ‘A Cyborg Manifesto’, could be seen as a work of ‘design fiction’. The exhibition will display an array of staged artefacts which the public will be able to interact with in order to explore the possible reality of a whole new world. What could these new technological paradigms have in store for us? To echo Hugo Gernsback, ‘Extravagant Fiction Today – Cold Fact Tomorrow’.</i>”</p> <p>The Promises of Monsters, a bold project in terms of both form and substance, will be exhibited in two parts. The first will be displayed from 30 June to 28 August at Rotondes. The Indépendance Grant will allow the artist to develop and display the second part of this protean creation in the spaces of the Galerie Indépendance.</p> <p>Launched in February 2017 by the National Cultural Fund, the Fondation Indépendance and BIL, the aim of the Indépendance Grant is to support the creative process behind innovative works in the area of digital arts and new technologies. It is the only initiative of its kind in Luxembourg, and represents yet another example of BIL’s drive for promoting the arts and innovation, which is at the heart of its corporate social responsibility (CSR) policy. </p> <p><i>The Promises of Monsters, Laura Mannelli</i>, from 19 October at the Galerie Indépendance, 69, route d'Esch, Luxembourg.</p>6/19/2017 9:00:00 AMENThe judging panel unanimously chose Laura Mannelli as the winner of the Indépendance Grant. Her project, The Promises of Monsters, will be displayed at BIL’s Galerie Indépendance from 19 October.
BIL and Paul Wurth InCub join forces to support InduTech entrepreneurshttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-and-paul-wurth-incub-join-forces-to-support-indutech-entrepreneurs.aspxBIL and Paul Wurth InCub join forces to support InduTech entrepreneurs<p>True to its commitment to assist innovative companies in Luxembourg, BIL is lending its support to the Paul Wurth incubator: Paul Wurth InCub. Launched at the end of 2015, Paul Wurth InCub specialises in supporting industrial technology, or InduTech, projects. This sector consists of companies whose business is focused on developing innovative solutions applied to industry. This ranges from industry 4.0 (Internet of things, Big Data, Cloud, etc.) to clean tech (water treatment, recovery of industrial and chemical by-products, etc.), robotics and natural resource management.</p> <p>“<i>Supporting the development and diversification of the domestic economy by providing funds for business creators lies at the heart of our work. This is a key component of the innovation ecosystem being developed in Luxembourg,</i>” says Jeffrey Dentzer, Head of Large Corporate and Structured Finance at BIL. Pierre-Olivier Rotheval, Head of Innovation at BIL, adds: “<i>Joining forces with Paul Wurth InCub to help the InduTech gems of the future emerge is a win/win situation. It’s the national economy as a whole that will benefit.</i>”</p> <p>is the first bank to support Paul Wurth InCub. This partnership is the logical result of a common desire to create an ecosystem conducive to the emergence of innovative companies in Luxembourg. Under the agreement, we will supply financing tools (including loans eligible for the InnovFin guarantee) and share expertise to evaluate projects.</p> <p>“<i>A partnership with BIL will allow Paul Wurth InCub to have a local financial player alongside it to help develop our ecosystem. It strengthens our current collaboration and, together, I am sure that we will do our best to promote the development of entrepreneurs in Luxembourg’s industrial sector,</i>” stated Sébastien Wiertz, General Manager at Paul Wurth InCub.</p> <p>This partnership represents a further development in the bank’s efforts to foster innovation and entrepreneurship. Its BIL Start support service gives start-up entrepreneurs access to the various financing programmes in which the bank participates. BIL is a stakeholder in the Digital Tech Fund, launched by the Ministry of the Economy in 2016. In July 2015, BIL became the first Luxembourg bank to sign the InnovFin guarantee agreement for innovative SMEs as part of the European Fund for Strategic Investments (EFSI).</p>5/30/2017 10:00:00 AMENBIL and Paul Wurth InCub are delighted to announce the signing of a partnership agreement aimed at supporting the development of industrial technologies, or InduTech, in Luxembourg.
#WBMY17: two winners share the innovation award!https://www.bil.com/en/bil-group/pressroom/news/Pages/wbmy17-two-winners-share-the-innovation-award.aspx#WBMY17: two winners share the innovation award!<p>As the highlight of the Woman Business Manager of the Year competition, the Innovation Award ceremony brought together nearly 200 people at Banque Internationale à Luxembourg's Route d'Esch headquarters on Thursday, 27 April. Five projects, and five exceptional women, were honoured: Travelsify (Alexandra Fernandez-Ramos), Kliber (Nathalie Dondelinger), Supermiro (eLfy Pins), Largowind (Mathilde Argaud) and MyScienceWork (Virginie Simon).</p> <p>The mixed-gender panel of judges, composed of representatives from BIL, the Luxembourg Business Association (UEL), the National Institute for Sustainable Development and Corporate Social Responsibility (INDR), nyuko and Technoport, selected the winners from among 25 applicants, and invited them to present their projects. Owing to the quality of the short-listed projects, the panel reached the extraordinary decision to award two businesswomen: Alexandra Fernandez-Ramos (Travelsify) and Nathalie Dondelinger (Kliber).</p> <p><a href="https://www.travelsify.com/" target="_blank">Travelsify</a>, a start-up launched in 2016, serves the tourism industry. Its algorithm ranks hotels around the world based on client comments instead of on ratings. <a href="https://kliberapp.com/fr/" target="_blank">Kliber</a>, launched in 2015, is a recruitment application that puts employers in contact with applicants through videos.</p> <p>“<i>Competition was fierce in 2017. It was not easy to choose the five winning projects, because they are all based on excellent initiatives and the women behind them are all so talented. This competition shows the vibrancy of female entrepreneurship in Luxembourg and goes against the popular misconception that innovative companies are a man's world</i>", said Marcel Leyers, Chief of Corporate and Institutional Banking at BIL.</p> <p>Nicolas Henckes concluded the ceremony by congratulating all those who entered the competition, and calling for more women to start their own businesses in Luxembourg. UEL's Secretary General emphasised the role of parents in encouraging their children, especially girls, to develop their entrepreneurial spirit.</p> <p>Since 2006, the Woman Business Manager of the Year competition showcases exceptional women whose talent and energy are helping to drive Luxembourg's economy. To be eligible for the contest, projects must use an innovative approach or technology and have a positive impact on the Luxembourgish economy. The latter has been a guiding principle of the competition since its inception.</p>4/28/2017 10:00:00 AMENFor the first time in the history of the Woman Business Manager of the Year competition, two contestants shared the Innovation Award.
Banque Internationale à Luxembourg is deploying Fujitsu’s Sign’IT technologyhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-is-deploying-fujitsu-s-sign-it-technology.aspxBanque Internationale à Luxembourg is deploying Fujitsu’s Sign’IT technology<p>No more “paper” receipts for cash deposits and withdrawals. BIL’s clients will now sign an electronic document on a tablet. It is straightforward for clients, as the procedure is similar to that used for handwritten signatures: after the transaction has been completed, whether at the counter or in a private room in the branch, clients simply sign their name on the screen of an electronic tablet. The receipt (now electronic) is immediately transmitted to the client’s BILnet personal area and stored on the bank’s secure server. Clients can therefore view this document whenever they want, save it and, if necessary, print it.</p> <p>“<i>The system is very user-friendly. Our Sign’IT electronic signature solution is a manual signature with a stylus pen on an electronic device. It is also very secure. This solution meets the five criteria that financial institutions must fulfil when creating and managing documents: the signature is authentic, forgery-proof, non-reusable, tamper-proof and irrevocable</i>”, explains Cédric Jadoul, Head of Digital Strategy, Fujitsu Luxembourg. “<i>Sign’IT captures the image of the signature to integrate it in a PDF and can accurately authenticate the signatory and prevent any attempted fraud.</i>”</p> <p>The introduction of electronic signatures in the bank’s branch network is a further step towards simplified and innovative services that BIL aims to offer its clients. It is also an example of other innovative digital services that are being developed behind the scenes.</p> <p>“<i>The digital transformation on which we have embarked is a far-reaching process. It involves new infrastructure and rethinking our approach to business. The use of Fujitsu’s solution for electronic signatures is a perfect example of this transformation. We gain efficiency, while improving the quality of the service we offer our clients. It is a further step towards the BIL of tomorrow, and others will follow!</i>” says Olivier Debehogne, Head of Retail and Digital Banking at Banque Internationale à Luxembourg.</p> <p>In addition to making the client relationship more efficient and user-friendly, the use of tablets is better for the environment. This project aims at the secure digitisation of cash documents. Digitalisation results in a drastic reduction in paper consumption with annual savings of around half a million paper documents.</p> <p>Drawing on its experience in the banking sector, Fujitsu provided BIL with the necessary hardware, software, advice and support for the implementation of the system. Fujitsu also advised BIL on the legal aspects of electronic signatures in a banking environment.</p>4/20/2017 11:00:00 AMENSince February 2017, BIL has been gradually deploying a brand new electronic signature system across its branch network.
BIL supports SOS Villages d’Enfants Mondehttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-supports-sos-villages-d-enfants-monde.aspxBIL supports SOS Villages d’Enfants Monde<p>Lifelong learning and universal access to quality education are part of the United Nations Sustainable Development Goals, and this education must begin as early as possible. The aim is to provide all boys and girls with access to pre-school learning by 2030. Sadly, this pre-school education is still a privilege in many extremely poor countries.</p> <p>SOS promotes the equal right to quality education from a pre-school age through early childhood programmes that meet children’s basic needs for nutrition, health and protection. In the Nigerien Dosso region, where half the population is under 15, the adult literacy rate is less than 20%! BIL’s donation will help fund the SOS Children’s Village in Dosso. The Kindergarten hosts 55 children, including 30 girls. They receive healthy meals and medical treatment, and take part in numerous early learning and personal development activities.</p> <p>Sophie Glesener, Managing Director of SOS Villages d’Enfants Monde, thanked BIL warmly for this new vote of confidence and generous support: "<i>I am delighted to see this partnership between BIL and our charity continue. It serves as a reminder that, in pursuit of sustainable development, early education is a key factor in ensuring that the most vulnerable children of the Dosso community – both girls and boys – get a good start in life. Last year our support meant that the kindergarten could afford new outdoor and indoor games, which the children loved<i>."</p> <p>Hugues Delcourt, BIL’s Chief Executive Officer, added, "<i>Education is one of the major themes that BIL intends to promote as part of its corporate social responsibility (CSR) policy. We are proud to continue to be of service to SOS Villages d’Enfants Monde. With this donation, and thanks to the great work of the teams on site, we are seeing concrete results.</i>"</p> <p>This partnership complements BIL’s support for local education in Luxembourg with Jonk Entrepreneuren and Lëtzebuerger Guiden a Scouten. Every year, the bank also actively supports the project Woch vun de Suen, which is organised by ABBL and aims at introducing school children in Luxembourg to the world of finance.</p>4/6/2017 12:00:00 PMENThe bank will donate 30,000 euros to the SOS Kindergarten in Dosso, Niger.
BIL reports good performance despite challenging environmenthttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-reports-good-performance-despite-challenging-environment.aspxBIL reports good performance despite challenging environment<ul> <li>Core operating net income before tax: EUR 124 million, +3% (EUR 120 million in 2015)</li> <li>Assets under management: EUR 37.7 billion, +6.3% (EUR 35.5 billion in 2015)</li> <li>Customer deposits: EUR 16.1 billion, +7.4% (EUR 15 billion in 2015)</li> <li>Customer loans: EUR 12 billion, +5.9% (EUR 11.4 billion in 2015)</li> </ul> <p>BIL group reports a robust performance in 2016, with a core operating net income before tax of EUR 124 million, a 3% increase compared to the previous year. Net income after tax reached EUR 110 million. The bank continued to attract new clients and increase its market share, both in Luxembourg and internationally. Despite the ongoing low-interest rate environment, customer deposits grew by 7.4% to EUR 16.1 billion. Assets under management increased significantly from EUR 35.5 billion in 2015 to EUR 37.7 billion in 2016. This excellent result can mainly be attributed to inflows of EUR 1.9 billion in the wealth management segment. Customer loans increased to EUR 12 billion, proof of BIL’s ongoing support of the national economy. These figures will be submitted to BIL’s annual general meeting of shareholders on 28 April 2017.</p> <p>Luc Frieden, Chairman of the Board of Directors of BIL Group, commented: “<i>Thanks to our clear strategic goals, the dedication of our employees, the trust of our clients and the support of our shareholders - Precision Capital and the Grand Duchy of Luxembourg - BIL reports a steady growth and is well positioned for the years to come.</i>”</p> <p>The bank's solid financial position was acknowledged by rating agencies: In October 2016, Moody’s Investors Service upgraded the long-term deposit, issuer and senior unsecured debt ratings from A3 to A2, with a positive outlook. The quality of the bank’s services was also recognised more generally in the financial industry: BIL was named Bank of the Year 2016 – Luxembourg by leading financial magazine The Banker, Best Bank in Luxembourg 2017 by Global Finance magazine and Best Private Bank for Super Affluent Clients in Luxembourg in Euromoney’s Private Banking Survey 2017.</p> <p>“<i>We are pleased with our performance in 2016 - despite a challenging environment, we experienced growth across all business areas. Our BIL2020 strategy, which focuses on innovation and the constant adaptation of our value proposition to the changing needs of our clients, is bearing fruit.</i>” concluded BIL CEO Hugues Delcourt.</p>4/3/2017 1:00:00 PMENBIL announced its financial results for the year 2016.
BIL EXHIBITION Nos meilleurs voeux, the Raymond Niesen collectionhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-exhibition-nos-meilleurs-voeux-the-raymond-niesen-collection.aspxBIL EXHIBITION Nos meilleurs voeux, the Raymond Niesen collection<p>Although the season for greetings cards has passed, it is about to recommence at BIL’s Galerie Indépendance. From 30 March onwards, the Nos meilleurs voeux exhibition will display works resulting from an initiative launched in 1990. Raymond Niesen, CEO of BUROtrend, began the tradition of inviting a Luxembourg-based artist each year to create greetings cards for the company’s clients and friends. Thus, for the past 26 years, based on sketches and original works of art they acquired, Raymond Niesen and BUROtrend commissioned specialist studios to produce hand-printed serigraphs. These serigraphs are then signed and numbered by the artist of that year, which elevates them from simple greetings cards to personalised works of art.</p> <p>But sending these cards in their thousands (more than 40,000 to date!) was not enough for Raymond Niesen. He wanted to display the originals, the serigraphs and lithographs as part of a retrospective exhibition. This aim has now been accomplished. Nos meilleurs voeux presents a cross-section of Luxembourgish art over the past three decades with Rico Sequeira, Jean-Marie Biwer, Robert Brandy, François Valentiny, Frank Jons, Sumo, Anna Recker and Armand Strainchamps, to name but a few.</p> <p>“<i>We are delighted to present Raymond Niesen’s collection to the public. We share his commitment to supporting the nation’s artists and promoting the local art scene. This exhibition offers the public access to original works by the country’s leading artists of the last decades</i>”, explained Hugues Delcourt, BIL CEO.</p> <p>This exhibition is yet another example of BIL’s dedication to promoting art and culture, which, alongside innovation and education, are the key focus of its corporate social responsibility policy. The Galerie Indépendance has hosted Luxembourg’s most prominent artists for more than 20 years.</p> <p>The Nos meilleurs vœux exhibition is open to the public on business days from 30 March until 9 June 2017 (8am to 6pm).</p> 3/30/2017 12:00:00 PMENThe Galerie Indépendance at BIL will be displaying works from Raymond Niesen’s collection in an exhibition with the title Nos meilleurs voeux (Our best wishes).
Banque Internationale a Luxembourg Strengthens Its Operations in Dubaihttps://www.bil.com/en/bil-group/pressroom/news/Pages/banque-internationale-a-luxembourg-strengthens-its-operations-in-dubai.aspxBanque Internationale a Luxembourg Strengthens Its Operations in Dubai<p>Marco Robbertsen will manage the team responsible for Western residents in Dubai. In addition, he will be in charge of European private banking services. He will report directly to Patrick Casters, CEO of BIL Dubai. Marco has 16 years of experience in private banking, both in Europe and Asia. Prior to joining BIL, he was Head of Wealth Management - South Netherlands for Deutsche Bank AG. He also worked as a senior private banker for Credit Suisse and ABN AMRO in Singapore.</p> <p>“<i>Marco has extensive experience in servicing UHNW clients in Europe and Asia. This experience will be a valuable asset in strengthening our business in this key region for BIL group. We are proud to add new talents to our BIL Dubai team, enhancing dynamism and client focus.</i>” commented Patrick Casters, CEO of BIL Dubai.</p> <p>In addition to Marco Robbertsen, BIL has also recruited two experienced relationship managers. Raj Sachdev, who worked previously at National Bank of Abu Dhabi and Citi International Personal Bank, will join the International team. Sunayna Sarswat, private banker at the National Bank of Abu Dhabi prior to joining BIL, will join the team in charge of non-resident Indian clients.</p> <p>BIL inaugurated its Dubai branch in March 2015. It serves to reinforce the close economic ties between Luxembourg and the UAE, especially in view of the development of Luxembourg’s financial centre into the main hub for Islamic finance in Europe. Luxembourg is already the main domicile for Sharia-compliant funds in Europe, and the third most important worldwide.</p> 3/13/2017 2:00:00 PMENBIL is accelerating its growth in the Middle East by recruiting a number of experienced professionals for its Dubai branch.
BIL: The Dudelange branch moves and gets a makeoverhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-the-dudelange-branch-moves-and-gets-a-makeover.aspxBIL: The Dudelange branch moves and gets a makeover<p>Present in Dudelange since 1921, the BIL branch had been located at its pre-move address since 1980. After successive facelifts, the time had come to move to a new location better suited to the new organisational model which has already been successfully implemented at other BIL branches across the country. In line with the needs of its increasingly digitally connected clients, the bank has modernised the way it welcomes and supports clients.</p> <p>The Dudelange branch has a warm, modern interior with clearly defined functional areas for a more fluid client experience. A self-banking area with three of the latest ATMs is accessible 24/7 in which clients can carry out most of their cash transactions. In the <i>online</i> area, which is equipped with tablets and PCs, clients can manage their everyday banking transactions. Free, secure WiFi access is available throughout the branch. This new branch layout, which also includes private meeting rooms, has been designed to optimise comfort and confidentiality. This will enable Marc Schoder, the branch manager, and his dedicated team of advisers to focus on providing the branch’s retail, private and corporate clients with personalised support for their life and business projects.</p> <p>At the official opening on Thursday, 9 March, Hugues Delcourt, CEO of BIL, and Marc Schoder handed a cheque to the non-profit organisation Diddeleng Hëlleft represented by Dan Biancalana, Mayor of Dudelange. This organisation supports projects in underdeveloped regions. With this donation, BIL reaffirms its long-term commitment to Luxembourgish non-profit organisations.</p> <p>Marc Schoder and his team are available Monday to Friday from 9am to 12am and from 1.30pm to 5pm as well as from 8am to 7pm by appointment.</p> <p><b>Address of the new Dudelange branch:</b> <br>62 Avenue Grande-Duchesse Charlotte <br>L-3440 Dudelange</p>3/9/2017 2:00:00 PMENBIL continues to invest in its branch network to offer its clients unrivalled services and support.
Fostering an entrepreneurial spirithttps://www.bil.com/en/bil-group/pressroom/news/Pages/fostering-an-entrepreneurial-spirit.aspxFostering an entrepreneurial spirit<p>BIL puts education at the heart of its corporate social responsibility (CSR) policy, alongside innovation and culture. With this in mind, BIL decided to lend its support to the non-profit organisation Jonk Entrepreneuren Luxembourg. Founded in 2005, Jonk Entrepreneuren Luxembourg aims to give young people a taste for business, innovation and creation. With the help of schools and business representatives, the association organises workshops and projects throughout the year to introduce young people to economic and business concepts. The bank will support the association to enable it to further develop its activities.</p> <p>"<i>Each day at BIL, we help entrepreneurs to launch their project and develop their business. We are proud to support Jonk Entrepreneuren Luxembourg, which does a formidable job of giving young people – the entrepreneurs of the future – a taste for creation and innovation</i>", said Tom Lessel, Head of Corporate Banking at BIL.</p> <p>"<i>At Jonk Entrepreneuren Luxembourg ASBL, we are delighted to welcome BIL as a new partner. This will allow us to extend our activities, thereby enabling us to prepare and inspire more young people to start their own businesses and enter the professional world. It is essential for businesses and schools to collaborate to give young people an incentive to go into business, and to prepare them for the future in the best way possible!</i>" said Stéphanie Damgé, Head of Jonk Entrepreneuren Luxembourg ASBL.</p> <p>This partnership makes the bank a stakeholder in the association's various initiatives including its Innovation Camp and Young Enterprise Project 2017-2018. BIL will also be involved in Alumni Jonk Entrepreneuren Luxembourg, which brings together students and former students who have taken part in one of the programmes offered by Jonk Entrepreneuren Luxembourg. This new partnership follows similar BIL initiatives in support of SOS Villages d’enfants Monde, SOS Kannerduerf Lëtzebuerg and Lëtzebuerger Guiden a Scouten. The bank also plays an active role every year in the awareness-raising project by ABBL “Woch vun de Suen”, which is is aimed at school children in Luxembourg.</p>3/1/2017 12:00:00 PMENLuxembourg, 1 March 2017: BIL is helping the non-profit organisation Jonk Entrepreneuren Luxembourg to give young people a taste for business and innovation.
Fonds culturel national, Fondation Indépendance and BIL sponsor the new Indépendance Grant in support of digital arthttps://www.bil.com/en/bil-group/pressroom/news/Pages/fonds-culturel-national-fondation-independance-and-bil-sponsor-the-new-independance-grant.aspxFonds culturel national, Fondation Indépendance and BIL sponsor the new Indépendance Grant in support of digital art<p>While the digitalisation of the economy and of financial services receives considerable media coverage, digital artistic creation remains confined to an inner circle of specialists. However, visual artists have long been using digital means to create often experimental works that capture the Zeitgeist. In order to support the creative approach of these artists, BIL, the Fondation Indépendance and the National Cultural Fund (Fonds culturel national) are sponsoring the new Indépendance Grant.</p> <p>This grant will support the creative process behind innovative works in the area of digital arts and new technologies. It will also ensure that these works reach a wide audience through exhibitions in the Galerie L'Indépendance. For BIL, the sponsorship of this grant is part of its ongoing promotion of art and innovation under its Corporate Social Responsibility (CSR) policy. Thanks to this policy, artists representing the national cultural scene are regularly given the oppportunity to exhibit at the Galerie L’Indépendance.</p> <p>To qualify for the grant, artists must be Luxembourgish nationals or resident in the Grand Duchy. Applications must be submitted online no later than 31 March 2017. Information on the selection procedure and the award of the Indépendance Grant is available on <a href="http://www.focuna.lu/" target="_blank">www.focuna.lu.</a></p> 2/14/2017 11:00:00 AMENFonds culturel national, Fondation Indépendance and BIL sponsor the new Indépendance Grant in support of digital art in Luxembourg
Woman Business Manager of the Year: applications sought for the Innovation Awardhttps://www.bil.com/en/bil-group/pressroom/news/Pages/women-business-manager-of-the-year-applications-sought-for-the-innovation-award.aspxWoman Business Manager of the Year: applications sought for the Innovation Award<p>Since 2006, the Woman Business Manager of the Year competition showcases exceptional women whose talent and energy stimulate the economy of Luxembourg. The aim of the competition is to highlight the important role of women in the world of business and to support women entrepreneurs.</p> <p>BIL and its partners have decided to put the spotlight on innovation for the 2017 competition. The mixed-gender jury, composed of representatives of BIL and its partners, will select an innovative project led by a woman. The candidate can either be a manager in a start-up or in a long-established company in Luxembourg. Her project may take the form of a newly created business or be implemented within an SME or large company. The winner will receive the Innovation Award plus a cheque for EUR 10,000 at the ceremony on 27 April 2017.</p> <p>“<i>What we want to promote with this competition is the diversity of talent and creative spirit of women</i>”, explained Marcel Leyers, BIL’s Chief of Corporate and Institutional Banking.</p> <p>Application must be submitted at <a href="http://www.wbmy.lu/" target="_blank">www.wbmy.lu</a> by 10 March with a description of the project. Projects must be innovative and have a positive impact on Luxembourg’s economy. The jury will invite the top five candidates to pitch their projects before selecting the Woman Business Manager of the Year.</p> <p>The complete terms and conditions of the Woman Business Manager of the Year Innovation Award are available at <a href="http://www.wbmy.lu/" target="_blank">www.wbmy.lu</a>.</p> 1/19/2017 11:00:00 AMENBanque Internationale à Luxembourg is pleased to organise the competition for Woman Business Manager of the Year.
Governance.io raises funding round of €2mhttps://www.bil.com/en/bil-group/pressroom/news/Pages/governanceio-raises-funding-round-of-eur-2m.aspxGovernance.io raises funding round of €2m<p>The company will use the funds to further accelerate development of the platform and fuel international expansion to four new EU markets.</p> <p>“<i>We launched our solution in 2015. In the last months we have seen a considerable acceleration of new client business, both in Luxembourg and outside. At the beginning of 2017 we will start our expansion into the UK, Ireland, Germany and France, in addition to supporting business requests from other countries such as the US, Hong Kong and Singapore. We are expanding our team to support our development</i>”, says Bert Boerman, CEO and Co-Founder of 2Gears. <br>“<i>We are also working on many more functionalities that will make our clients’ lives even easier. Our aim is to make investment fund oversight effortless! This financing from our banking partner BIL will help us to take the next big step</i>”.</p> <p>Tom Lessel, Head of Corporate Banking of BIL, added: “<i>As a strong supporter of the Luxembourg startup ecosystem and innovative companies, BIL is proud to bring financing to FinTech of the Year 2Gears S.A. We were impressed by their innovative solutions and growing track record. This loan is backed with the InnovFin guarantee that helps us boost financing to Luxembourg-based startups and SMEs</i>”.</p> <p>BIL signed a financing agreement with the European Investment Fund (EIF) in 2015 to provide 60 million euros of finance to innovative companies in Luxembourg over the next two years. The loans are backed by a guarantee of the EIF, enabled by the InnovFin initiative. Its aim is to accelerate lending to increase job creation and economic growth in the EU.</p> <p>2Gears S.A. was named “<i>Luxembourg FinTech Startup of the Year</i>” in June 2016 for its pioneering Investment Fund Oversight platform, Governance.io. The solution enables professionals to transparently organise and exchange all data, documentation and controls of the investment funds they manage.</p> <p>For further information, please visit <a href="https://www.governance.io/" target="_blank">www.governance.io</a>.</p>12/22/2016 9:00:00 AMEN2Gears S.A., the award-winning creator of the Governance.io Investment Fund Oversight solution, secured a long-term bank loan from BIL L as part of its recent funding round of EUR 2 million.
BIL, the first bank to offer fully mobile serviceshttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-the-first-bank-to-offer-fully-mobile-services.aspxBIL, the first bank to offer fully mobile services<p>Until now, clients always needed two devices to access online banking services and validate transactions: one device to navigate the website and view their accounts, and another device to generate the authentication code (either a Token or the LuxTrust Mobile app).</p> <p>BIL is taking another step forward in improving its client experience by offering BILnet online services that are 100% mobile. Thanks to the LuxTrust Mobile app and App to App technology, BIL clients who have an iPhone or iPad can now access their accounts and all BIL’s online services without the need for a Token. The solution proposed by the bank combines a high level of security – which is an absolute prerequisite for its development – with user-friendliness, thus ensuring a better client experience.</p> <p>“<i>It is essential to take advantage of the possibilities offered by current technology to improve our services and the client experience. That is what we are doing now by offering a fully mobile experience, using a single device, thanks to App to App technology. As soon as the technology is available and secure, our objective is to enable as many of our clients as possible to benefit from this solution, regardless of the type of smartphone used,</i>” explains Didier Richter, Head of Operational Marketing and Direct Banking at BIL.</p> <p>BIL is the first bank to offer this innovative service to its clients. In order to use this service, clients must have both the BILnet banking and LuxTrust Mobile apps. They can then activate the <i>App to App</i> authentication service on the LuxTrust website. Once they have done this, whenever they log on to BILnet or validate a transaction, the two mobile apps automatically communicate with each other. Clients can discover this new service by visiting <a href="https://www.bil.com/byebyetoken/index-ios-en.html" target="_blank">www.bil.com/byebyetoken/index-ios-en.html</a>. <br>They can still use their Token as a means of authentication and may use it if they want to log on and validate their transactions online from a computer or mobile device.</p> <p>This simplified mobile access to BILnet is one of the many innovations developed by the bank to enhance its services. BIL is the only bank in Luxembourg that enables its clients to withdraw cash from its ATMs using a smartphone, without the need for a bank card. It is also the first bank to have integrated Touch ID into its BILnet Mobile app to let clients to view their accounts and make transfers.</p>12/20/2016 9:00:00 AMENBIL, in partnership with LuxTrust, is the first bank to offer its clients a fully mobile experience on iPhone and iPad.
BIL IMMO Index up sharply in Q2 2016https://www.bil.com/en/bil-group/pressroom/news/Pages/bil-immo-index-up-sharply-in-q2-2016.aspxBIL IMMO Index up sharply in Q2 2016<p class="text-center"><img src="/PublishingImages/site-groupebil/news/201611_BILIMMOIndexQ2_EN.jpg"></p> <p>The BIL IMMO <i>Index</i> stood at +1.44 in Q2 2016<sup>1</sup>, up from +0.93 in Q4 2015. Its change indicates a clear upswing in the national housing market since the beginning of the year. Explanations include further price rises, a sustained increase in homebuilding, and growth in the volume of lending.</p> <p>"<i>Property prices rose by 5.6% between Q2 2015 and Q2 2016. Rents also climbed, but at a much slower pace. The increase in the BIL IMMO <i>Index</i> reflects this market upswing driven by the Centre South region,</i>" said Marcel Leyers, Chief of Corporate and Institutional Banking at BIL. "<i>Current low interest rates are helping to fuel strong demand. On the supply side, 2,471 building permits were issued in the first half of 2016, compared with 1,827 over the first half of 2015. If this growth were to continue, it could ease house-price inflation and bring the index back towards its equilibrium.</i>"</p> <p>Launched in October 2015 and developed by BIL in partnership with PwC Luxembourg, the BIL IMMO <i>Index</i> illustrates the housing market trend in Luxembourg to professional, institutional and retail investors.</p> <p>Updated regularly and published every six months, the index is based on price changes on the selling and rental markets, as well as factors underlying supply and demand such as the national economy, construction activity and demographic change. A total of seven ratios are synthesised to produce the BIL IMMO <i>Index</i>, an easy-to-interpret indicator that gives an overview of the last 35 years on the Luxembourg housing market.</p> <p>Find full analyses by region at <a href="https://www.bil.com/immoindex/index-en.html">www.bil.com/immoindex</a> and in BIL branches.</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>12/12/2016 10:00:00 AMENThe index, which gauges the market, reached +1.44 in the second quarter of 2016, compared with +0.93 at the end of 2015.
BIL named Bank of the Year 2016 – Luxembourghttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-named-bank-of-the-year-2016-luxembourg.aspxBIL named Bank of the Year 2016 – Luxembourg<p>Each year, <i>The Banker</i>, the leading magazine for the world of finance, published by the <i>Financial Times</i>, presents awards for the best financial institutions. Composed of 120 financial sector professionals, the jury bases its decision on companies’ performance and primary achievements over the past 12 months.</p> <p>“<i>We are delighted that our bank, our excellent performance and the quality of our business plan have received the recognition of sector experts. We must thank the professionalism of all of our staff and the high quality of services that we offer our clients for this award. It serves as motivation to redouble our efforts,</i>” said Hugues Delcourt, BIL’s Chief Executive Officer.</p> <p>For this year’s Bank of the Year award, the judges paid particular attention to the challenging conditions in the banking sector and to the strategic initiatives implemented by financial institutions at a time of ever intensifying competition and when clients have increasingly high demands of the services they receive.</p> <p>In its awards review, the jury emphasised that "<i>Banque Internationale à Luxembourg (BIL) has shown it is adapting to the current challenges with the implementation of its new BIL2020 strategy. BIL2020 aims to strengthen the bank's position and increase revenue by providing relevant and adapted value propositions to its clientele, with a strong emphasis on innovation and technology.</i>"</p>12/8/2016 10:00:00 AMENFinancial Times Group’s financial magazine, The Banker, has presented BIL with the Bank of the Year 2016 – Luxembourg award.
BIL exhibition: Michel Majerus – Printer’s Proofhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-exhibition-michel-majerus-printers-proof.aspxBIL exhibition: Michel Majerus – Printer’s Proof<p>The <i>Printer’s Proof</i> exhibition, organised by the Michel Majerus Estate together with BIL, will give the public the opportunity to discover the series of the same name, composed of 80 sepia drawings. Produced in 1998, they are unique among Michel Majerus’ work. A special installation has been built in the central space of the Galerie L’Indépendance to display these pieces. This central display is ringed by the second portion of the exhibition, in which visitors can admire other, larger pieces by Michel Majerus that mirror the visual vocabulary used in <i>Printer’s Proof</i>.</p> <p>Born in 1967 in Esch-sur-Alzette, Michel Majerus was one of his generation’s most influential contemporary artists. After studying at the Staatliche Akademie der Bildenden Künste in Stuttgart between 1986 and 1992, he settled in Berlin, where he quickly earned international acclaim. The artist’s promising career was tragically cut short in a fatal airplane crash in 2002.</p> <p>Typical of Majerus’ work is that he pushes the boundaries of his chosen medium, bringing his paintings off the walls and into the room. His pieces characteristically combine imagery from a wide variety of sources, including art history references, slogans and visual elements from advertising and pop culture. Today, the work of Michel Majerus features in some of the world’s most important art collections, such as the MoMA in New York, but also in Luxembourg, where his art is displayed in the collections of the Mudam and the National Museum of History and Art.</p> <p>“<i>We are proud to present to the Luxembourg public never-before shown pieces by Michel Majerus. This exclusive exhibition is a wonderful way to end this year of celebrations marking BIL’s 160th anniversary. Throughout the year, we have strived to place an emphasis on supporting the arts, because promoting culture and artistic endeavour is at the heart of our social commitment,</i>” said Hugues Delcourt, CEO of Banque Internationale à Luxembourg.</p> <p>This prestigious Michel Majerus exhibition is the culmination of a particularly rich artistic programme in 2016. At the beginning of the year, the Galerie L’Indépendance displayed pieces by Luxembourg artist Armand Strainchamps. A polyptych of 16 paintings specially created by the artist for the bank’s 160th anniversary symbolised the bank’s economic, social and cultural commitment in the country. It was followed in the middle of the year by the second edition of Art2Cure, a joint exhibition bringing together 28 Luxembourg and foreign artists, which raised almost EUR 60,000 to finance research on Parkinson’s and Alzheimer’s. The Galerie L’Indépendance has featured the work of leading national and international artists for more than 30 years.</p> <p><b>The Michel Majerus exhibition <i>Printer’s Proof</i> is open to the public on business days from 28 October 2016 until 10 February 2017 (from 9am to 6pm).</b> <br><b>Galerie L’Indépendance,</b> <br><b>69, route d'Esch, L-2953 Luxembourg</b></p>11/13/2016 10:00:00 AMENBIL invites the public to discover never-before exhibited pieces by artist Michel Majerus.
Moody's upgrades BIL's ratinghttps://www.bil.com/en/bil-group/pressroom/news/Pages/moodys-upgrades-bil-s-rating.aspxMoody's upgrades BIL's rating<p>In its latest assessment, Moody's upgraded its main indicators for BIL’s financial rating. The long-term deposit, issuer and senior unsecured debt ratings move from A3 to A2, with a positive outlook.</p> <p>"<i>Our BIL2020 corporate strategy is continuing to bear fruit. We are further reinforcing our position as a universal bank on our national market and are developing our private banking activities internationally," declared Hugues Delcourt, BIL's Chief Executive Officer. "We are delighted that Moody’s has recognised our strong financial fundamentals. Thanks to the support of our staff and shareholders, we will carry on delivering an ever-improving service to all of our clients.</i>" </p>10/26/2016 9:00:00 AMENMoody’s Investors Service has upgraded its ratings for Banque Internationale à Luxembourg (BIL), reflecting the bank’s solid financial strength.
BIL is launching its new my|HOME service in partnership with Nexviahttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-is-launching-its-new-my-home-service-in-partnership-with-nexvia.aspxBIL is launching its new my|HOME service in partnership with Nexvia<p>Investing in real estate is a complex project, whether for families seeking to buy their own home or for individuals wanting to invest in order to let out their property. There are many aspects to be taken into account, such as whether it’s better to rent ot to buy, financing options, monthly charges and, of course, the property itself, its size and location. To help prospective home buyers make the right decision, BIL is now offering my|HOME, an innovative, user-friendly online service designed by Nexvia.</p> <p>“<i>We are always on the lookout for new ideas to enhance our range of services and improve the client experience. We were attracted by Nexvia’s positioning at the crossroads of technology, finance and property</i>”, explained Pierre-Olivier Rotheval, Head of Innovation at Banque Internationale à Luxembourg. “<i>Thanks to our partnerships with Technoport and nyuko, we are immersed in the Luxembourg startup ecosystem. We finance these companies when we consider that the project is sound. As bankers, that’s what we do. And when the service is relevant for our clients, we do not hesitate to take our collaboration to the next level. Innovation is very much at the heart of our BIL2020 strategy</i>”.</p> <p>Nexvia, a Luxembourg startup launched in 2016 by Pierre Clement, specialises in residential property decision-making, transaction and investment consultancy services. Its ambition is to provide the best financial tools to enable users to make well-informed property decisions, while offering a modern transaction experience for buyers and sellers alike.</p> <p>“<i>Nexvia is delighted to have this opportunity to collaborate with a bank such as BIL, which is a key player in the local marketplace, and to offer its clients comprehensive, transparent tools through my|HOME. BIL is an institution that is firmly focused on the future and ready to work actively with a startup to provide a unique digital property experience. Moreover, this partnership with Nexvia demonstrates the relevance and professionalism of the solutions and services offered by our team</i>” added Pierre Clement, founder and Managing Director of Nexvia.</p> <p>The many user-friendly simulation tools available on my|HOME enable users to get a clearer picture of their project and reach the most suitable property decision on the basis of their personal criteria. This new website is further proof of BIL’s capacity to innovate to provide its clients with a service and financing solutions tailored to their needs.</p> <p>To start assessing your property project with my|HOME, go to <a href="https://www.bil.com/myhome/index-en.html" target="_blank">www.bil.com/myhome</a></p>9/29/2016 9:00:00 AMENIn keeping with its commitment to innovation, BIL is launching my|HOME, a property website.
Robust performance in challenging timeshttps://www.bil.com/en/bil-group/pressroom/news/Pages/Robust-performance-in-challenging-times.aspxRobust performance in challenging times<ul> <li>Pre-tax net operating profit (excluding non-recurring items) of EUR 60 million.</li> <li>Client loans up by 5.7% to EUR 12 billion, compared with EUR 11.4 billion at 31 December 2015.</li> <li>Client deposits up by 6.4% to EUR 16 billion, compared with EUR 15 billion at 31 December 2015.</li> <li>Assets under management up by 0.8% to EUR 35.8 billion, compared with EUR 35.5 billion at 31 December 2015.</li> </ul> <p>BIL reported a satisfactory performance for its commercial banking activities in the first half of 2016. Deposits increased by 6.4% in 6 months to reach EUR 16 billion, a clear indication of BIL’s stronger position on the markets in which it operates. Client loans rose by 5.7% to EUR 12 billion, demonstrating the bank’s active role in the financing of the Luxembourg economy. Moreover, assets under management gained 0.8% to reach EUR 35.8 billion. This good performance should be viewed in the context of a particularly challenging environment for the banking sector, with negative interest rates, volatile financial markets and a continued level of high regulatory pressure.</p> <p><b>Solid foundations and proven profitability</b></p> <p>BIL reported pre-tax operating profit of EUR 60 million in H1 2016, down on the same period in 2015, when it achieved EUR 66 million. This decline can largely be attributed to the cost associated with the Deposit Guarantee Scheme (DGS), which was higher in 2016 than in 2015, and the contributions to the Luxembourg and European resolution funds. On a like-for-like basis (excluding the DGS and resolution funds) and including six months of KBL (Switzerland) in 2015<sup>1</sup>, pre-tax operating income is up 7.1%.</p> <p>Net income for H1 2016 amounted to EUR 45 million, compared with EUR 108 million for the same period in 2015. Although this figure is down, it can in large part be explained by the exceptional income received in 2015, notably through the sale of Luxempart (EUR 67 million) and the increased contribution to the DGS and resolution funds in 2016.</p> <p>The strength of the bank’s financial position is also reflected by ratings agency evaluations. In H2 2015, Moody’s and Standard & Poor’s increased their ratings to A3/positive/P-2 and A-/Stable/A-2 respectively. In April 2016, Fitch confirmed its rating of BBB+/Stable/F2. Results from recent stress tests of banks belonging to the ECB Supervisory Review and Evaluation Process (SREP) Stress Tests group confirmed that BIL has a strong solvency position, even in the most adverse economic conditions or difficult markets.</p> <p>“<i>This good performance shows once again that BIL, with the strong support of its shareholders, is on a sound financial footing and has a development strategy – embodied by its staff – that is bearing fruit. Our commercial banking activities are growing and we are gaining market share thanks to innovative solutions that are relevant to our clients in Luxembourg and abroad,</i>” stated Hugues Delcourt, BIL’s CEO.</p> <p><small><sup>1</sup>We have included this in order to compare H1 2016 with H1 2015 in view of the fact that KBL (Switzerland) was merged with BIL (Suisse) in November 2015.</small></p>8/19/2016 9:00:00 AMENBIL has published its financial results for the first half of 2016.
LuxTrust Scan and LuxTrust Mobile for safer, simpler, more mobile online transactions.https://www.bil.com/en/bil-group/pressroom/news/Pages/luxtrust-scan-and-luxtrust-mobile-for-safer-simpler-more-mobile-online-transactions.aspxLuxTrust Scan and LuxTrust Mobile for safer, simpler, more mobile online transactions.<p>To improve their clients’ experience of using online services, banks must juggle two seemingly contradictory needs: easier access to their services, and tighter security. To solve this, LuxTrust has developed safer, simpler and more mobile solutions: the LuxTrust Scan device and LuxTrust Mobile app. Banque de Luxembourg and Banque Internationale à Luxembourg (BIL) clients will be the first beneficiaries.</p> <p>“<i>Based on the transfer of contextual information encrypted with a two dimensional barcode, the technology applied by LuxTrust Scan and LuxTrust Mobile is not only user friendly but offers a high level of protection against phishing and man-in-the-middle attacks</i>”, said Bernard Antoine, Chief Customer Officer at Luxtrust.</p> <p>When logging in to their account on the bank website, clients can choose a new method of identification using a QR code. This code will then be displayed on the computer screen and the client can scan it either with a LuxTrust Scan device or a smartphone with the Luxtrust Mobile app (available for iOS and Android). Once the transaction data shown on the device is validated, a one-time password (OTP) will be generated. This quick and easy process can also be used to confirm e-banking transactions. This new identification method complements those already offered by these banks.</p> <p>“<i>Given the surge in cybercrime, this unique collaboration with LuxTrust has allowed us to develop an innovative solution that gives our clients the maximum level of security when carrying out online transactions. We are now rolling this new system out to all of our clients, and this is now the main authentication method for accessing the bank’s digital services,</i>” explained Romain Weiler, CIO and member of the Management Board of Banque de Luxembourg. </p> <p>Olivier Debehogne, Head of Retail and Digital Banking and member of the Management Board of Banque Internationale à Luxembourg, added: “<i>The client experience is at the very heart of our focus and we are constantly seeking to improve it. We were the first to incorporate Touch ID into our BILnet Mobile application. With this new solution developed together with LuxTrust, the authentication step with a smartphone in order to access our online services combines speed, user friendliness and maximum security. It is a great leap forward for our clients, giving them a smoother, more mobile online experience.</i>”</p>7/29/2016 9:00:00 AMENIn working closely with BDL and BIL, LuxTrust has developed an innovative new authentication solution offering a high level of security, which the two banks’ clients can now use to log in to their online banking service.
#BILJOBDATING 2016 a big hit!https://www.bil.com/en/bil-group/pressroom/news/Pages/biljobdating-2016-a-big-hit.aspx#BILJOBDATING 2016 a big hit!<p>Application software engineer, application support engineer, junior developer, community manager, content manager, etc. The jobs proposed at BIL Jobdating 2016 reflect the digital transformation that BIL is undergoing and the emphasis placed on innovation, one of the pillars of the BIL 2020 strategy.</p> <p>“<i>For this Jobdating event, we focused on highly-skilled jobs and on hard-to-find talent. With almost 200 candidates from Luxembourg and the Greater Region registered for the event, we exceeded our objectives. We were impressed by the quality of the discussions with candidates,</i>” explained Karin Scholtes, Global Head of Human Resources at BIL.</p> <p>The first candidates arrived at 9am for their first interview. The most talented of these candidates had three interviews, with the possibility at the end of the day of being offered a job. In total, more than 350 interviews were held during the Jobdating day, with the involvement of almost 100 BIL staff members.</p> <p>Although the challenge for candidates was to land a job, this Jobdating day was also an opportunity for them to gain a better understanding of BIL and its business lines. Experts from the bank presented the philosophy underlying BIL’s retail banking services, online services and innovation policy. Accompanied by bank staff, the candidates were able to visit a typical branch in order to go behind the scenes and even to familiarise themselves with innovative e-banking and video-recruiting solutions.</p> <p>Nicolas Schmit, Minister of Labour, Luc Frieden, BIL’s Chairman of the Board of Directors, Hugues Delcourt, BIL’s CEO, Guy Pütz, Head of ADEM’s employer department and Jerry Lenert, CEDIES coordinator, were also present to meet and encourage the candidates.</p> <p>”<i>Faced with the challenges of digital transformation, we are committed to recruiting talented young people to pursue our growth. During the third edition of BIL Jobdating, our experts met a large number of candidates with rich and varied profiles. They demonstrated their desire to learn and progress, and we are eager to welcome them among our teams</i>”, commented Hugues Delcourt, BIL’s CEO.</p>7/7/2016 9:00:00 AMENBIL’s third Jobdating event was held on Saturday 2 July.
#BILJOBDATING 2016: digital technology jobs in the spotlight!https://www.bil.com/en/bil-group/pressroom/news/Pages/biljobdating-2016-les-metiers-du-digital-a-l-honneur.aspx#BILJOBDATING 2016: digital technology jobs in the spotlight!<p>During this, its third Jobdating event, BIL is focusing on jobs in the field of digital technology. In addition to sales positions, the jobs on offer will include IT jobs, such as application software engineer, application support engineer, junior developer, and marketing jobs, such as community manager, content manager, etc. Information on all the vacancies to be filled is available at <a href="https://www.bil.com/jobdating/index-en.html">www.bil.com/jobdating</a>.</p> <p>The BIL Jobdating principle is simple: during this unique recruitment day, candidates take part in a three-stage process. First of all, candidates have a fifteen minute one-on-one interview with a human resources expert. After this, they meet a specialist from one of the bank’s business lines. The candidates who make it past these two stages then have a third interview with Karin Scholtes, Global Head of Human Resources at BIL, and a senior business line manager.</p> <p>“<i>As I was finishing up my IT degree in 2015, I attended the BIL Jobdating event to find my first job. I really enjoyed the format of the discussions, which enabled my interview partners to get to know me and allowed me to gain a better understanding of BIL and how the bank operates. One week after the Jobdating event, I received an employment offer and then three months later, after I finished my studies, I started my new job! Now, I work in a diverse environment that is constantly changing, which makes it all the more interesting!</i>” says Guillaume Pighi, Associate IT Security Officer.</p> <p>“<i>We are looking forward to meeting this year’s candidates. This recruitment event has become an important date in the BIL calendar. We open our doors to the candidates and give them the opportunity to discover our business lines. BIL Jobdating uses the speed dating format for a good reason: the recruitment process goes both ways, as the candidates also need to get a feeling of whether working for BIL is the right fit for them.</i>” explains Karin Scholtes.</p> <p>When the event was launched in 2014, it was the first time such a “speed recruiting” session was organised by a Luxembourg bank. It has enjoyed continued success since then: over 500 candidates have registered each year, and more than 40 staff members have been recruited thanks to Jobdating.</p> <p>To consult a full list of job vacancies and register for BIL Jobdating, go to <a href="https://www.bil.com/jobdating/index-en.html">www.bil.com/jobdating</a>.</p> <p><b>Closing date for registrations:</b> 1 July 2016 <br><b>Event date:</b> 2 July 2016 <br><b>Event location:</b> Banque Internationale à Luxembourg S.A., 69 route d’Esch, L-2953 Luxembourg.</p>6/21/2016 9:00:00 AMENOn Saturday 2 July 2016, almost 100 BIL staff members will be mobilised for the third BIL Jobdating event.
“BIL IMMO index”: BIL presents the second edition of its exclusive Luxembourg housing market indexhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-immo-index-bil-presents-the-second-edition-of-its-exclusive-luxembourg-housing-market-index.aspx“BIL IMMO index”: BIL presents the second edition of its exclusive Luxembourg housing market index<p>On 12 May, more than 200 real estate professionals met at BIL’s head office for a conference devoted to the Luxembourg housing market.</p> <p>At this event, Georges Mines, BIL’s Head of Real Estate, reminded participants that this index, which was launched in October 2015, is the first to consolidate housing sector information in a market indicator.</p> <p>Developed in cooperation with PwC Luxembourg, the BIL IMMO index allows professional, institutional and retail investors to immediately understand the housing market trend on the basis of economic ratios and accurate methodological analyses. On a scale of -3 (frozen) to +3 (overheated), this index offers a summary of the Luxembourg housing market, based on changes in seven ratios weighted to indicate a trend. The index enriches BIL’s already comprehensive range of mortgage solutions.</p> <p>“<i>Our bank has always been anchored in the Luxembourg real estate market. Its role goes beyond simply providing various types of financing. Therefore we have developed a specific housing market index which helps our clients to understand the situation of the housing market at the level of the country’s six main regions</i>”, emphasised Hugues Delcourt, BIL CEO.</p> <p>Available on sur <a href="https://www.bil.com/immoindex/index-en.html">www.bil.com/immoindex</a> and updated every six months, the BIL IMMO index offers a historical view of the last 35 years of the housing market in Luxembourg, giving an indication of trends based on indicators related to the fundamentals of the business sector and the national economy.</p>5/13/2016 10:00:00 AMENIn Q4 2015, the index stood at +0.93 versus +1.72 at the end of 2014. It is therefore closer to equilibrium in a market that remains buoyant.
BIL, Technoport partnering to support entrepreneurshttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-technoport-partnering-to-support-entrepreneurs.aspxBIL, Technoport partnering to support entrepreneurs<p>This partnership is the logical result of a common desire to collaborate in the creation of an ecosystem favourable to the emergence of innovative companies in Luxembourg. BIL and Technoport will supply financing tools (including loans eligible for the European Investment Fund’s InnovFin guarantee), exchange expertise to evaluate projects, provide work spaces and organising specific events around entrepreneurship. BIL is the first bank to commit itself at this level with Technoport.</p> <p>“<i>Providing finance for entrepreneurs setting up innovative businesses is central to what we do. This is a key component of the start-up ecosystem growing in Luxembourg, and we our proud to contribute to it. Joining forces with Technoport – another key component of this ecosystem – in order to help the gems of the future emerge is a win/win situation. Ultimately, it’s the national economy as a whole that will benefit,</i>” commented Pierre-Olivier Rotheval, BIL’s Head of Innovation.</p> <p>Diego De Biasio, Technoport’s CEO, highlighted the importance of the partnership: “<i>We are delighted that BIL has decided to support us through this multi-year partnership. For structures like Technoport, it is essential to develop such synergies in order to be able to facilitate access to business expertise, and this is for several reasons. It may be to assess project applications to become part of the Technoport or to help such candidates ensure faster structuring and validation of their business projects. The discussions with BIL’s innovation department were conducted in a very natural and open manner, and the first steps have already been taken. I am confident that this partnership will generate many synergies.</i>”</p> <p>BIL is the fifth organisation to support Technoport with a senior partnership, alongside the City of Esch, ENOVOS, Paul Wurth Incub and Post Capital. This partnership represents a further development in the bank’s efforts to foster innovation and entrepreneurship. Its BIL Start support service enables start-up entrepreneurs to benefit from the various financing programmes in which the bank participates. BIL is a stakeholder in the Digital Tech Fund, recently launched by the Ministry of the Economy. In July 2015, BIL became the first Luxembourg bank to sign the InnovFin guarantee agreement for innovative SMEs as part of the European Fund for Strategic Investments (EFSI).</p> <p>Press release by Banque Internationale à Luxembourg and Technoport SA</p>5/4/2016 10:00:00 AMENBIL and Technoport SA are pleased to announce that they have signed a senior partnership agreement.
Luc Frieden confirmed as Chairman of BIL’s Board of Directorshttps://www.bil.com/en/bil-group/pressroom/news/Pages/luc-frieden-confirmed-as-chairman-of-bil-s-board-of-directors.aspxLuc Frieden confirmed as Chairman of BIL’s Board of Directors<p>The 2015 <a href="https://www.bil.com/Documents/communiques-de-presse/2016-03-24-en.pdf" target="_blank">financial results</a> which were communicated on 24 March were also approved at the general meeting. The annual report is available on <a href="https://www.bil.com">bil.com</a>.</p>4/29/2016 10:00:00 AMENAs announced on 4 March 2016, the nomination of Luc Frieden to the chairmanship of BIL’s Board of Directors was approved by the European Central Bank and confirmed during BIL’s general meeting on 29 April 2016.
BIL, stakeholder of the Digital Tech Fundhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-stakeholder-of-the-digital-tech-fund.aspxBIL, stakeholder of the Digital Tech Fund<p>Innovation and support for the development of the national economy are the cornerstones of the BIL2020 strategy, which BIL launched in 2015. The bank is developing more and more initiatives, as reflected in its involvement in the Digital Tech Fund, a seed fund launched at the behest of the Ministry of the Economy as part of the “Digital Lëtzebuerg” programme.</p> <p>Operational from May 2016, this fund will be managed by Expon Capital S.A.R.L. It will acquire interests in promising, innovative companies in fields such as cybersecurity, FinTech, Big Data, Digital Health, media and cutting-edge communications, digital learning, the Internet of things, telecommunications and satellite services.</p> <p>“<i>With the Digital Tech Fund, start-up entrepreneurs have access to an additional source of finance. It is important to offer more of these initiatives, strengthening the start-up ecosystem in Luxembourg and helping to develop the economy. We at BIL strongly believe in these initiatives. We get involved and actively support them</i>”, explains Marcel Leyers, member of the Management Board and Head of Corporate and Institutional Banking at BIL.</p> <p>Since the launch of its BIL2020 strategic plan in 2015, BIL has been stepping up its initiatives to support innovation in Luxembourg. In July 2015, BIL signed an agreement with the European Investment Fund aimed at increasing lending to small and medium-sized enterprises (SMEs) through the InnovFin programme. The bank also launched BIL Start for business creators, offering them a full range of project support measures. In February 2016, BIL signed a partnership with nyuko to help it back its community of start-up entrepreneurs.</p>4/13/2016 10:00:00 AMENAnnounced in December 2015 by the Ministry of the Economy, and supported by BIL and six other investors, the Digital Tech Fund is now going operational.
2015 financial results: BIL reports steady growthhttps://www.bil.com/en/bil-group/pressroom/news/Pages/2015-financial-results-bil-reports-steady-growth.aspx2015 financial results: BIL reports steady growth<ul> <li>Net income: increase by 10% to EUR 134 million from EUR 122 million in 2014 </li> <li>Assets under management: increase by 15.2% to EUR 35.5 billion from EUR 30.8 billion in 2014 </li> <li>Client deposits: increase by 11.7% to EUR 15 billion from EUR 13.4 billion in 2014 </li> <li>Client loans: increase by 4.9% to EUR 11.4 billion from EUR 10.8 billion in 2014</li> <li>Long-term credit ratings upgraded by S&P (from A- negative to A- stable) and by Moody’s (from Baa1 to A3) with a positive outlook </li> </ul> <p>“<i>BIL continued to experience steady growth across all of its businesses during 2015. This momentum demonstrates the effectiveness of our multi-business line model as well as that of our BIL2020 strategy launched in April 2015. These strong financial results also highlight the commitment of our people and our clients and invite us to persist in our efforts to continue delivering high-quality and innovative services,</i>” says BIL CEO Hugues Delcourt.</p> <p>The bank’s robust financial results were delivered against a backdrop of continued market volatility and increasingly low interest rates. Net income before tax stands at 166 million euros, an increase by 1%. Excluding exceptional items, such as the sale of Luxempart and the acquisition of KBL (Switzerland) Ltd by BIL (Suisse), net income before tax increased by 13%, clearly demonstrating the dynamism of the bank's commercial activities. Net income stands at 134 million euros for 2015, an increase by 10% compared to 2014. </p> <p>BIL continues to attract new clients and grow market share, both in Luxembourg and internationally. Client deposits grew by 11.7% to reach 15 billion euros in 2015. Client loans have also grown during this period. They stood at 11.4 billion euros as of 31 December 2015. Assets under management increased significantly during 2015, rising from 30.8 billion euros to 35.5 billion euros thanks to above-market net new assets of 5% from existing and new clients, to the acquisition of KBL (Switzerland) Ltd and a positive market effect. </p> <p>The bank's solid financial position is also reflected by rating agencies’ evaluations in 2015. In June, Moody’s Investors Service upgraded its long-term credit rating from Baa1 to A3 with a positive outlook. In December, Standard & Poor’s raised its outlook from negative to stable, with an unchanged rating of A-. </p> <p>These results are scheduled for approval on 29 April at the general meeting of shareholders. With clear strategic goals, the support of its clients and that of its shareholders, Precision Capital and the Grand Duchy of Luxembourg, BIL is well positioned for the years to come in spite of a general banking environment that is increasingly challenging. </p>3/24/2016 11:00:00 AMENBanque Internationale à Luxembourg SA (BIL) presents its financial results for the year ended 31 December 2015.
Luc Frieden to be nominated as new Chairman of the Board of Directors of BILhttps://www.bil.com/en/bil-group/pressroom/news/Pages/luc-frieden-to-be-nominated-as-new-chairman-of-the-board-of-directors-of-bil.aspxLuc Frieden to be nominated as new Chairman of the Board of Directors of BIL<p>The Board of Directors will propose to the assembly in April to appoint Luc Frieden to the Board. Mr. Frieden, a Luxembourgish national who most recently served as Vice-Chairman of Deutsche Bank Group in London and as Chairman of the Supervisory Board of Deutsche Bank Luxembourg, will then take over the chairmanship of BIL from Mr. Pauly, subject to regulatory approval.</p> <p>George Nasra, CEO of Precision Capital, BIL’s majority shareholder, highlighted François Pauly’s tremendous contribution to the bank’s sustained growth, calling him “<i>a pillar of BIL’s success, who led the development of its franchise in Luxembourg and its expansion internationally.</i>” </p> <p>Mr. Nasra added: “<i>As BIL’s new Chairman, Luc Frieden will draw upon his impressive experience at the domestic, European and global level, to ensure that this premier Luxembourgish bank continues to reach new heights, seizing the full promise of the future.</i>”</p> <p>Luc Frieden, lawyer by training, served from 1998 to 2013 as a member of the Luxembourg government. He was Minister of Justice, Minister of Treasury and Minister of Finance. </p> <p>François Pauly served BIL between 1987 and 2004 and from 2011 to 2016. He holds various non-executive directorships both in Luxembourg and abroad, and is Chairman of Compagnie Financière La Luxembourgeoise.</p> 3/4/2016 11:00:00 AMENBanque Internationale à Luxembourg announced today that its current Chairman, François Pauly, has decided to step down at the AGM on 29 April, 2016.
BIL Exhibition: “The same AS 10 times 16” by Armand Strainchampshttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-exhibition-the-same-as-10-times-16-by-armand-strainchamps.aspxBIL Exhibition: “The same AS 10 times 16” by Armand Strainchamps<p>Founded in 1856, BIL enjoys a rich history which is entwined with that of the Grand Duchy and its economy. Focused on the future, the bank has always placed great importance on innovation and creation and its support for the arts is the finest example of this. The Galerie L’Indépendance has been hosting the most prominent Luxembourgish artists for more than 20 years. To celebrate its 160th anniversary, BIL has invited the artist Armand Strainchamps to exhibit his most recent work as well as a polyptych of 16 paintings symbolising the bank’s economic, social and cultural commitment.</p> <p>In order to produce the 16 themed pieces of the exhibition, entitled The same AS 10 times 16, Armand Strainchamps drew his inspiration from the notes that the bank had the privilege of issuing from its founding until the introduction of the euro. Decorative details from period banknotes, symbolic representations of agriculture and the steel industry and effigies of monarchs: every last one of these is a reference to this past that the artist skilfully depicts in his unique style, composed of abstract images, copy-art and elements of chronophotography, which capture snapshots of characters suspended in motion. By incorporating the bank’s colours, Armand Strainchamps connects its past to its present, like a purple thread weaving the future.</p> <p>“<i>Through his unique approach, Armand Strainchamps has managed to perfectly illustrate the deep-rooted ties that inherently bind BIL to the country. Hosting him to mark our 160th anniversary is a privilege that fuels our aspirations to build on our policy as a sponsor of art and culture</i>”, commented Hugues Delcourt, BIL’s CEO.</p> <p>This exhibition is yet another example of BIL’s dedication to promoting art and culture, which, alongside innovation and education, are at the heart of its corporate social responsibility policy. The same AS 10 times 16 is open to the public on business days from 26 February until 10 June 2016, from 8 a.m. to 6 p.m.</p> 2/25/2016 11:00:00 AMENFrom 26 February to 10 June 2016, BIL will throw open the doors of its Galerie L’Indépendance to the Luxembourg artist Armand Strainchamps.
BIL partners with SOS Villages d’Enfants Mondehttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-partner-with-sos-villages-d-enfants-monde.aspxBIL partners with SOS Villages d’Enfants Monde<p>This donation marks the beginning of a true partnership between BIL and SOS Villages d’Enfants Monde. Education is at the heart of this Luxembourg non-profit association’s mission and projects. Along with culture and innovation, education is also one of the major themes that BIL intends to promote as part of its corporate social responsibility (CSR) policy.</p> <p>SOS Villages d’Enfants Monde is part of SOS Children’s Villages, an international NGO helping orphans and abandoned children and disadvantaged families in more than 130 countries. The SOS Kindergarden in Dosso, Niger, financed through BIL’s donation, provides educational support for children and a skills enhancement programme for teachers. This project will strengthen the local community: mothers will be able to concentrate on their work while their children are looked after in the kindergarden.</p> <p>Sophie Glesener, Managing Director of SOS Villages d’Enfants Monde, warmly thanked Hugues Delcourt and all of the BIL team for their invaluable support: “<i>We are particularly happy that BIL is firmly supporting the many SOS projects intended to ensure the well-being of the most vulnerable children by providing them with a caring family environment and a high-quality education that will offer them a better future.</i>”</p> <p>“<i>We share many values with SOS Villages d’Enfants. Any reflection on sustainable development must be a long-term undertaking. There is an obvious need for access to education and support for vulnerable children. Today’s children are tomorrow’s citizens. We have been impressed by the quality of the projects undertaken and the commitment of the teams. We are delighted to support them</i>”, commented Hugues Delcourt, BIL’s CEO.</p> <p>Part of this donation will be allocated to the SOS-Kannerduerf Lëtzebuerg non-profit association.</p> 2/16/2016 11:00:00 PMENEUR 50,000 for the most vulnerable children and families
BIL and nyuko have joined forces to support innovative businesseshttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-and-nyuko-have-joined-forces-to-support-innovative-businesses.aspxBIL and nyuko have joined forces to support innovative businesses<p>Innovation and support for the development of the national economy are the cornerstones of the BIL2020 strategy, which the bank launched in April 2015. By supporting nyuko and working alongside experts from its network, BIL is once again demonstrating its strong commitment to innovative companies.</p> <p>Obtaining financing is a crucial and complex stage in getting a business project off the ground. The two partners will work hand in hand in order to provide entrepreneurs with the financial resources needed to grow. On a regular basis, nyuko will liaise with BIL to assess funding plans, including those that may qualify for the European Investment Fund’s InnovFin initiative. BIL will offer its range of funding and support services to entrepreneurs from the nyuko community. The bank will take part in the nyuko learning programme in order to provide information on the various financing options and advise entrepreneurs when the time comes to present their plans to investors. Beyond the funding aspect, the two partners will work together on important matters which will help to improve the start-up environment in Luxembourg.</p> <p>Nicolas Buck, chairman of nyuko’s board of directors, had this to say: “<i>I welcome this important alliance with BIL, one of our founding partners, to help innovative businesses. This partnership reflects a shared vision, and it is through our combined momentum that we will lay the foundations of a new economy. Large private firms have a key role to play in this transformation of our economy</i>”.</p> <p>This partnership rounds out BIL’s range of services for founders and directors of innovative companies. Its BIL Start service enables it to support them at every stage of their development and give them access to the various framework programmes in which the bank is taking part. Alongside the Ministry of the Economy, BIL is also one of seven investors in the seed fund for start-ups launched in December 2015. Also, BIL was the first Luxembourg bank to sign the InnovFin guarantee agreement for innovative SMEs as part of the European Fund for Strategic Investments (EFSI) in July 2015.</p> <p>“<i>We are firmly committed to working with entrepreneurs to provide financing solutions that are as innovative as the projects they develop. We share nyuko’s vision and were won over by their plans. It is essential for key players like us to work together and encourage business creation, thereby strengthening the country’s economic development,</i>” said Marcel Leyers, Member of the BIL Management Board and Chief of Corporate and Institutional Banking of BIL.</p> <p>By joining forces, nyuko and BIL are helping to enhance an ecosystem favouring the emergence of innovative companies in Luxembourg.</p>2/1/2016 10:00:00 AMENBanque Internationale à Luxembourg SA (BIL) and nyuko recently formed a partnership aimed at providing start-ups with the resources they need to develop in Luxembourg.
BIL sets the tone with den Atelierhttps://www.bil.com/en/bil-group/pressroom/news/Pages/bil-sets-the-tone-with-den-atelier.aspxBIL sets the tone with den Atelier<p>As a responsible and committed company, over the years BIL has developed a genuine policy in support of art and culture, in particular through its Galerie L’Indépendance, which has become a point of reference in Luxembourg. In addition, with regard to music, it maintains privileged partnerships with various artists and cultural institutions.</p> <p>Today BIL is taking things a step further by teaming up with den Atelier to be its exclusive sponsor in the banking and financial sector. Den Atelier is an active promoter of contemporary music, with a diversified programme including metal, rock, hip-hop, RnB, electro, jazz, Latin, etc. Den Atelier promotes musical discovery through its holding of concerts by artists of international standing. Numerous groups that are now top acts on the rock scene began their careers in its venue in rue Hollerich, including Muse, Placebo, Faithless and dEUS. Den Atelier is also a promoter, often organising events in other venues such as the Philharmonie as well as the Rockhal, which holds over 6,000 people. Den Atelier usually organises around 100 concerts each year.</p> <p>Alongside education and innovation, promoting culture and the local creative scene is one of the key components of BIL’s Corporate Social Responsibility (CSR) policy. Employees and clients alike, much like the inhabitants of the Greater Region, are all lovers of culture, and den Atelier has become a vital hub for contemporary music in Luxembourg.</p> <p>“<i>We are delighted to be launching this new collaboration with a dynamic team and a venue that has become an institution in the Luxembourg music scene over the past 20 years. This brings us closer to a younger audience, always on the lookout for the latest sounds,</i>” commented Sarah Khabirpour, Head of Strategy, Regulatory Affairs and MarCom at BIL.</p>1/27/2016 10:00:00 AMENBanque Internationale à Luxembourg SA (BIL) has become a main partner of den Atelier, Luxembourg's legendary contemporary music venue.