BANQUE GENERALE DU LUXEMBOURG - 9789111- Profile

Banque Generale du Luxembourg(BGL). Operates as a bank through the following business areas: commercial banking with a national branch network; private banking and legal engineering; monetary and financial markets; administration of securities, investment funds and other financial products. The Group also provides management services and services on an agency basis to third parties, primarily portfolio management, the safekeeping and administration of securities, the renting of vault space, fiduciary services and other agency functions. Interest & fees on loans & bank deposits accounted for 55% of 2000 revenues; interest on securities, 23%; other interest income, 1%; commissions and fees, 13% and other non-interest income, 8%.