BIL (Suisse) closes acquisition of KBL (Switzerland)

fr en de

Banque Internationale à Luxembourg SA (BIL) has announced the successful closing of the acquisition of KBL (Switzerland) Ltd by Banque Internationale à Luxembourg (Suisse) SA, a wholly-owned subsidiary of BIL, following approval by the relevant regulatory authorities.

<< Back
  • Photo siège social BIL

Announced at the beginning of this year, the acquisition is part of the BIL2020 strategic intent and is in line with BIL’s efforts to focus on a specific number of target markets where it is striving to offer increasingly relevant services. Having a strong presence in Switzerland is very important for the growth of BIL’s private banking activities in Europe and the Middle East.

The acquisition of KBL (Switzerland) by BIL (Suisse) broadens BIL’s existing business activities in Switzerland and contributes to increasing its scale in Switzerland, allowing it to offer wider and ever-more relevant services to its clients. The closing of this transaction will lead to the merger of KBL (Switzerland) and BIL (Suisse) and will extend BIL’s footprint to include Lugano. The merger is expected to take place around year-end. Thierry de Loriol will be CEO of the new company.

Hugues Delcourt, BIL’s CEO, commented on the closing of this transaction: “I am delighted that we are now able to finalise this major milestone, which embodies the strengthening of BIL’s business activities in Switzerland, where the bank has been present for more than 30 years. This enhanced presence will enable us to improve our offering to clients, as well as to create a larger base from which to attract new international clients.”

Back to top  | << Back

Communiqués liés

Cargolux

Cargolux adds Santiago de Chile to its global network

On June 14th, Cargolux Airlines returned to Santiago de Chile on a re-designed S...

Cargolux
E Ragot Brochure 2015
14/06/2019 Personnalités

Emmanuelle Ragot appointed to head Wildgen’s employment la...

Wildgen is delighted to announce that Partner Emmanuelle Ragot (Head of Data/IP/...

wildgen
Kleos Scouting Mission artwork
14/06/2019

Luxembourg Space Agency approuve une attribution d’un mill...

Financement pour le développement de produits futurs de données à plus grande...

Kleos Space S.A.
ING
14/06/2019

Au Luxembourg, les utilisateurs de services bancaires digita...

71 % des personnes interrogées au Luxembourg considèrent l’authentification ...

ING Luxembourg
kpmg
13/06/2019

CEOs rewrite the rulebook in pursuit of growth

CEOs are faced with a stark choice. In the face of unparalleled environmental, e...

KPMG
Evgeny Gavrilov
13/06/2019 Personnalités

VNX Exchange renforce sa direction avec un nouveau membre au...

VNX Exchange, entreprise fintech et la plateforme de négociation d’actifs tok...

VNX Exchange

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more