Founded in 1856, Banque Internationale à Luxembourg, the country's oldest bank rapidly became one of the main drivers of the domestic economy. In the same year it issued the first Luxembourg bank note, keeping its right to issue bank notes from its foundation until 1999 and the introduction of the single European currency.
The beginnings of the steel industry and the railways were going to need considerable working capital; the ambitious plans for expansion were achieved thanks to establishment of the Bank. Able to resist the financial turbulence of the interwar years, BIL increased the number of branches and took an active part in opening the Luxembourg Stock Exchange on 6 May 1929, although World War II was subsequently to put a brake on its development.
Dexia BIL has private banking centres across the country. These bring together, under one roof, a team of investment specialists who can provide collective solutions to clients looking for a discreet and customised service.
Dexia BIL offers a broad spectrum of products, ranging from fixed-term deposits in the world’s major currencies to the sale of shares, bonds, certificates, gold, hedging instruments to sophisticated wealth management services.
Their Private Banking division can assist with the setting up of financial structures and packages which rely on a combination of legal and shareholder arrangements to resolve problems of estate planning or wealth structuring.