Industry Banking Revenue €497.1 m (2011) Net income €186.8 m (2011) Number of employees 1,788 | Area served Luxembourg Operating income Founded 21 February 1856 Type State-owned enterprise | |
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Key people Victor Rod, Chairman
Jean-Claude Finck, President and CEO Headquarters Luxembourg City, Luxembourg Profiles | ||
In Luxemburgish Spuerkeess, in French Banque et Caisse d'Épargne de l'État (abbreviated short BCEE), is a Luxembourgish bank, established and owned by the Luxembourgish government. Founded in 1856 as a savings bank, its competences were expanded over time, culminating in its transformation by Grand Ducal decree into a full-service bank on 25 October 1944. Nowadays, it provides all the functions of a commercial bank, including retail banking and private banking. In terms of total assets BCEE is the third-largest bank in Luxembourg and the largest bank with domestic capital.
Awards
The magazine Global Finance rated Banque et Caisse d'Épargne de l'État, the 7th-safest bank in the world in its "World's 50 Safest Banks 2012" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor's and the long-term bank deposit ratings from Moody's Investors Service.