Banque Internationale à Luxembourg


Banque Internationale à Luxembourg S.A. is a Luxembourgish bank. It is the oldest private bank in Luxembourg. The bank is owned by Legend Holdings and the Luxembourg government.

History

Founded in 1856, the bank was a major bank of Luxembourg. It was acquired by Dexia in 1999. In 2012 Dexia sold BIL for €730 million to Precision Capital, which also owned KBL European Private Bankers.
In 2017, Legend Holdings announced it was acquiring a 90% stake in the bank from Precision Capital for €1.484 billion. In July 2018, the procedure was approved by the Luxembourg regulator and the European Central Bank.