Kredietbank Luxembourg (KBL)


Address: Boulevard Royal 43, L-2955 Luxembourg
Telephone: +352 4797 1, +352 47 97 22 72
Fax: +352 4797 73 912
Email:
Website: http://www.kbl.lu/
SWIFT: KBLXLULL


Description:

KBL, based in Luxemburg, provides tailor-made private banking services to customers throughout Western Europe via its network of subsidiaries.

Kredietbank Luxembourg (KBL) is primarily engaged in the businesses of private and investment banking. Kredietbank operates an international network of banks and financial companies. The Kredietbank group of European private bankers is part of the Almanij Group, an international network of financial institutions and companies. KBL is headquartered in Luxembourg, Luxembourg.

Kredietbank Luxembourg (KBL) provides private banking products and services. Kredietbank operates an international network of banks and financial companies. Kredietbank is part of the KBC Group, an international financial services company. KBL is headquartered in Luxembourg, Luxembourg, and employs over 2800 people.

The company recorded revenues of EUR1,249.4 million during the fiscal year ended December 2006, an increase of 54.5% over 2005. The operating profit of the company was EUR719.9 million during fiscal year 2006, as compared to an operating profit of EUR271.1 million in 2005. The net profit was EUR676.8 million in fiscal year 2006, as compared to a net profit of EUR216.6 million in 2005.

Members of the group currently include Puilaetco Dewaay (Belgium), Michaux Gestion SA (France), Merck Finck & Co. (Germany), Brown, Shipley & Co. (Great Britain), Banca KBL Fumagalli Soldan Spa (Italy), Theodoor Gilissen Bankiers NV (The Netherlands), and Kredietbank Suisse SA (Switzerland). Banco Urquijo SA (Spain) is also a member, although in May 2006 the group said it had agreed to sell this company to Banco Sabadell. Subject to regulatory clearance, the sale is to be completed during the third quarter of 2006.

More than half a century as a major bank in the Grand Duchy of Luxembourg has given KBL long and wide experience in all the services a custodian bank can offer to UCI and other institutional clients.




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