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Banque de Luxembourg review

Banque de Luxembourg S.A.

Our review of Banque de Luxembourg for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreLuxembourg
RegulatorCSSF
Legal formLicence holder
GroupCrédit Mutuel Alliance Fédérale
Websitebanquedeluxembourg.com
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PPLI.com
Private Bank Rating
67
out of 100
Editorial assessment on UHNW criteria
Reviewed 2 November 2026 · Q4 2026 edition
Updated every quarter
Rating signed byNoam CohenEditor, Bank Intelligence
About the rating
The rating

What the PPLI.com rating of Banque de Luxembourg considers

This is our editorial assessment of Banque de Luxembourg. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of Banque de Luxembourg and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank Rating67

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202115 November 2021

Administrative fine for AML/CFT professional obligation breaches and breach of sound and prudent management

Following an on-site inspection that began in 2018, the CSSF found AML/CFT weaknesses at Banque de Luxembourg S.A., including unreported suspicions of money laundering, late suspicious activity reports, delays in client file reviews and transparency shortcomings on certain transactions. On 15 November 2021 the CSSF imposed an administrative fine of EUR 1,320,000 under Articles 2-1(1) and 8-4 of the amended Law of 12 November 2004 and Article 63 of the Law of 5 April 1993. The decision states the deficiencies reflect the situation at the time of the inspection.

la CSSF a prononcé une amende d'ordre d'un montant de 1.320.000 euros

The CSSF took into account the bank's cooperation and the corrective actions already undertaken and those it committed to take.

CSSF (Commission de Surveillance du Secteur Financier) · Final decision · Penalty EUR 1.3 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameBanque de Luxembourg S.A.
LEIPSZXLEV07O5MHRRFCW56
LicenceCredit institution under Luxembourg law (CSSF); listed in the ECB list of significant supervised entities  Source
RegulatorCSSF
Legal formLicence holder
OwnerCrédit Mutuel Alliance Fédérale (via CIC)  Source

Ownership

Group parentCrédit Mutuel Alliance Fédérale (cooperative group; GLEIF ultimate parent: Confédération Nationale du Crédit Mutuel)  Source
ControlCrédit Mutuel Alliance Fédérale (mutual/cooperative banking group), 100%; cooperative  Source
Holder of 10% or moreCrédit Industriel et Commercial (CIC), 100% in Banque de Luxembourg S.A.  Source
Holder of 10% or moreBanque Fédérative du Crédit Mutuel in Crédit Industriel et Commercial  Source

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionLuxembourg credit institutions are members of the FGDL: EUR 100,000 per depositor per institution, repaid within seven working days.
Custody lawLaw of 1 August 2001 on the circulation of securities: securities held on account are an intangible interest of the account holders and are claimed collectively from the liquidator, with any shortfall shared pro rata (Arts 3(1), 10(1), 10(2)). Rules on re-use were not located in the statute text read.
Custody termsNot published
Your experience

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If you bank with Banque de Luxembourg or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to Banque de Luxembourg or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. CSSF (Commission de Surveillance du Secteur Financier): cssf.lu/wp-content/uploads/S_33_B_Banque_de_Luxembourg_S.A._151121_fr.pdf

For Banque de Luxembourg

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-LU-BANQUE-DE-LUXEMBOURG-723B8D.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-LU-BANQUE-DE-LUXEMBOURG-723B8D
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