Name: BIL Review
Item: Banque Internationale à Luxembourg S.A.
Rating: 4
Author: Noam Cohen

4 out of 5, Q4 2026 edition

Publishedshown as published, not compared

1matter on the record, 2020

Not publishedminimum relationship

The editor's opinion

Why BIL has four stars

BIL earns four stars. A minor regulatory finding in the last ten years, with no serious sanction. What a family should weigh: an owner's home jurisdiction is under increased monitoring for money laundering. The file does not yet show whether past findings were remediated and whether external asset managers have a dedicated desk. Until they are on file, the rating cannot count them.

Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.

Where BIL stands out

A minor regulatory finding in the last ten years, with no serious sanction.
Custody assets are protected by statute in the booking centre, with conditions a family should read.
Deposits are covered by a statutory protection scheme.
The custody terms can be read in full before signing, including re-use of assets and sub-custodians.
A broad range of private banking services is published for this booking unit.

What to weigh

An owner's home jurisdiction is under increased monitoring for money laundering.
No public account of how the issues behind past findings were remediated.
No published information on a desk for external asset managers.

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.

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.

202016 March 2020

Administrative fine for weaknesses in anti-money-laundering controls over a high-risk customer segment

The CSSF fined Banque Internationale à Luxembourg S.A. EUR 4.6 million by decision of 16 March 2020, published on 10 August 2020, for breaches of its professional obligations under the Law of 12 November 2004 on anti-money laundering and counter-terrorist financing. On-site inspections from October to November 2017 and from July to September 2018 found weaknesses in the bank's AML/CFT framework affecting a limited segment of customers whose inherent risk is generally high. The CSSF noted that the bank acted promptly to remedy the weaknesses and set the fine in proportion to its turnover.

CSSF (Commission de Surveillance du Secteur Financier)Final decisionFine EUR 4.6 millionPrimary source

Matters concerning other entities in the group (1)

201512 November 2015

Non-prosecution agreement under the US Department of Justice Swiss Bank Program, US-related undeclared accounts

The the US Department of Justice announced on 12 November 2015 that BIL (Suisse) SA, the Swiss subsidiary of Banque Internationale à Luxembourg, reached a non-prosecution agreement under the Swiss Bank Program. The the US Department of Justice stated the subsidiary maintained 267 US-related accounts since August 2008 and used hold mail, numbered accounts and insurance wrappers. The penalty of USD 9.71 million was paid by the Swiss subsidiary; the Luxembourg parent was not a party.

parent of respondent (the non-prosecution agreement was with the Swiss subsidiary Banque Internationale à Luxembourg (Suisse) SA, not with BIL S.A.)

BIL Switzerland is wholly owned by Banque Internationale à Luxembourg, a Luxembourg bank founded in 1856.

'BIL Switzerland has fully cooperated with the department in relation to the Swiss Bank Program.'

US Department of Justice (Swiss Bank Program, Category 2)Resolution with admissionPenalty USD 9.7 millionAdmission of the factsPrimary source

Clients and standing

Client experience and financial standing

What clients meet at BIL, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.

UHNW client ratings

2.8 out of 5, based on 6 client ratings for this booking centre.

What clients report

The bank's own Trustpilot profile scores 2.1 out of 5 from 61 reviews, 87% of them one-star, with 15 reviews in the last 12 months, and the bank has replied to all negative reviews.

Worth raising with the bank

Ask how a sale of Legend Holdings' 89.98% stake, reported as under way in September 2026, would affect the bank's management, strategy and booking arrangements for existing clients.
Ask what remediation followed the CSSF fine of March 2020 over controls on high-risk customers, and whether later inspections closed the findings.

Financial standing

Credit ratings published by the agencies, dated by the latest agency or bank document that confirms them
Agency	Rating	Outlook	As of	Rated company
S&P	A- (senior preferred), A-2	Stable	October 2026	Banque Internationale à Luxembourg S.A.
Moody's	A2 (senior preferred), P-1	Stable	April 2026	Banque Internationale à Luxembourg S.A.

In the press

22 September 2026Finews
BIL Sale Puts Swiss Unit in the Spotlight
Finews, citing the Financial Times, reported that Legend Holdings is seeking to sell its stake of about 90% in a process run by Goldman Sachs at a valuation of EUR 2.5 billion or more, and that the Swiss unit BIL Suisse had net outflows in 2024 and 2025.
September 2026Paperjam (citing the Financial Times)
Bil: the first bids are expected by the end of September
Legend Holdings held 89.98% of the bank at 30 June 2026, and its strategic review launched in 2025 has turned into a sale process with first bids expected by the end of September 2026 and no transaction guaranteed.

What it costs

What BIL charges, compared

BIL does not publish a private banking tariff; the only schedule on its site is written for retail accounts. Its figures are shown below as read on 6 November 2026, so a family knows what the bank puts in public, but they are not compared with the private banking schedules of other banks and earn no fee stars. Private clients of BIL are priced individually.

Fee	BIL	Other banks
Custody and safekeepingeffective rate on USD 25 million	0.25% a yearRetail scale; BIL-issued products free; precious metals 0.275 %. Source	Retail schedule, shown as published and not compared with private banking terms
Equity tradecommission on a USD 250,000 trade, major exchange	1.00% Source	Retail schedule, shown as published and not compared with private banking terms
Bond tradecommission on a USD 500,000 trade	0.75% Source	Retail schedule, shown as published and not compared with private banking terms
Third party fund subscriptionfee on a USD 250,000 subscription	1.00% Source	Retail schedule, shown as published and not compared with private banking terms
Currency conversionmargin on a USD 1 million spot conversion	0.94%stated as a maximum Source	Retail schedule, shown as published and not compared with private banking terms
Minimum annual feeper year, or fee below the asset threshold	USD 48 a yearEUR 4 per month Source	Retail schedule, shown as published and not compared with private banking terms
Outgoing international transferper transfer, standard	USD 115EUR 100; the stated cap, which a large transfer pays; stated as a maximum Source	Retail schedule, shown as published and not compared with private banking terms
Transfer of securities to another bankper position	USD 144EUR 125 Source	Retail schedule, shown as published and not compared with private banking terms
Closing the accountone off	USD 115EUR 100 Source	Retail schedule, shown as published and not compared with private banking terms

Not in the published schedule: discretionary mandate, advisory mandate, account maintenance, lombard loan margin.

Sources.

Tariff Overview, 1st April 2023, read on 6 November 2026

How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.

The bank at a glance

Identity, protection and services

Legal identity

Legal nameBanque Internationale à Luxembourg S.A.

LEI9CZ7TVMR36CYD5TZBS50

LicenceCredit institution under Luxembourg law (CSSF); ECB significant institution Source

RegulatorCSSF

Legal formLicence holder

OwnerSet out under Ownership

Ownership

Group parentLegend Holdings Corporation (联想控股股份有限公司) (listed, HKEX) Source

ControlLegend Holdings Corporation, 90%; controlled by a single owner Source

Holder of 10% or moreGrand Duchy of Luxembourg (State), 10.0% in Banque Internationale à Luxembourg S.A. Source (31 December 2024)

Holder of 10% or moreChinese Academy of Sciences, 29.04% in Legend Holdings Corporation 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 ratingsS&P A- (senior preferred), A-2; Moody's A2 (senior preferred), P-1

CET1 ratio14.46% (31 Dec 2025)

Total assetsEUR 31.3 billion (31 Dec 2025)

Shareholders' equityEUR 2.8 billion (31 Dec 2025)

Assets under managementEUR 50.1 billion (31 Dec 2025)

Net profitEUR 210 million (31 Dec 2025)

Founded1856

Figures for Banque Internationale à Luxembourg S.A. (BIL Group). Sources: BIL 2025 financial results press release; Paperjam: BIL, 210 millions de bénéfice net, 50 milliards d'encours sous gestion; BIL investor relations (ratings).

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 schedulePublished, 1st April 2023 Source Compared below

Third party paymentsPublished Source

Transfer out termsPublished Source

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 termsPublished Source

Before opening an account

Moving the portfolio. Use the published transfer terms as a starting point. Ask the bank to flag positions in your portfolio that would require consent, manual handling or a sale, and to quote the charges separately.
Cross-border eligibility. If a settlor, beneficiary or beneficial owner has U.S. ties, ask the named entity to confirm eligibility for your structure and which investment services it can provide.
Exit costs. The retail tariff shown in the review comes to USD 144 per position for a securities transfer. Ask what rate would apply to your mandate and whether the receiving bank or a sub-custodian would charge separately. See published fees.

Banque Internationale à Luxembourg S.A.

Why BIL has four stars

Where BIL stands out

What to weigh

Regulatory and legal record

Administrative fine for weaknesses in anti-money-laundering controls over a high-risk customer segment

Non-prosecution agreement under the US Department of Justice Swiss Bank Program, US-related undeclared accounts

Client experience and financial standing

UHNW client ratings

What clients report

Worth raising with the bank

Financial standing

In the press

BIL Sale Puts Swiss Unit in the Spotlight

Bil: the first bids are expected by the end of September

What BIL charges, compared

Identity, protection and services

Legal identity

Ownership

Financial strength, as reported

Services published for this booking unit

Access and costs

Protection of client assets

Before opening an account

Rate BIL

Our commitment to confidentiality

Sources

Regulatory and legal record

Client experience and press

Fees

Identity, ownership, finances and services

The bank

For BIL

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