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Small Country, Big Banking System Luxembourg

Pu selectarehttp://www.cssf.lu/en/banks/

Luxembourg is one the worlds largest financial centers and is a worldwide leader in the investment fund industry as well as the largest international private banking centre in the Eurozone. Currently, 28% of the gross domestic product is generated by the financial sector. In 2010, there were over 149 banks registered in Luxembourg with their assets totalling more than US$1.06 trillion.Advanzia Bank An independent bank, with a limited number of private investors. The Company was established on July 19, 2005 and today the largest Luxembourgish issuer of credit cards with its "Gebhrenfrei MasterCard Gold". Banque Carnegie Luxembourg An exclusive private bank with a low risk profile focused on international asset management. It operates as a subsidiary of Carnegie Investment Bank. Banque Delen Luxembourg A specialist in asset management, and in particular private asset management. It operates as a subsidiary of Bank Delen (Belgium). In 2010, Bank Delen is awarded the designation Best Private Bank in Belgium by Euromoney. Banque de Luxembourg Founded in 1920, it is one of the most important financial organizations in Luxembourg. Shareholders: CIC EST (72.37%) and Banque Fdrative du Crdit Mutuel (27.63%). Banque et Caisse d'pargne de l'tat (BCEE) A Luxembourgish bank owned by the Luxembourgish government. The company provides retail banking and private banking services. Banque Invik S.A. A Luxembourg Bank with Scandinavian roots. It was founded by the Swedish entrepreneur Jan Hugo Stenbeck in 1989. Banque LBLux S.A. A subsidiary of German-based Bayerische Landesbank, Mnchen. The company provides corporate banking, private banking, wealth management and treasury & securities services. The Bank was established on June 7, 1973. Banque Prive Edmond de Rothschild Europe The largest Swiss bank in the Luxembourg. It specialises in wealth management, investment fund administration and custody as well as global asset management. The company was established in 1969 and operates as a subsidiary of Banque Privee Edmond de Rothschild S.A. Banque Raiffeisen A bank based in in Merl, Luxembourg. BGL BNP Paribas A Luxembourg bank founded in 1919. Since 2009, it has been a member of the BNP Paribas group. BGL BNP Paribas is the second-largest bank for individual customers in Luxembourg. Central Bank of Luxembourg (Banque centrale du Luxembourg (BCL)) was established on April 22, 1998. The State of Luxembourg is the sole shareholder of the BCL's capital for an amount of 175 million euro. It is part of the European System of Central Banks. Commerzbank International S.A. A 100% subsidiary of Commerzbank AG Germany. Its main private banking activities range from relationship services to portfolio management solutions. Commerzbank International S.A. is a major international gold bullion dealer and member of the London Bullion Market Association. The company was established in 1969 and is based in Luxembourg. Credem International (Lux) S.A. A subsidiary of Credito Emiliano SpA, Reggio Emilia, Italy. The company provides private and business banking services. Credem International (Lux) was established on December 20, 1973 and is located in Luxembourg. Crdit Agricole Luxembourg A private banking subsidiary of Crdit Agricole S.A. The company offers a wide spectrum of wealth management services including personal wealth management engineering and asset management. Dexia Banque Internationale Luxembourg S.A. The Bank was established in 1856 and operates as a subsidiary of Dexia S.A., Brussels. In December 2011, Dexia S.A. announced that Precision Capital, a Qatar-based investment group, agreed to acquire a 90% stake in Dexia Banque Internationale Luxembourg. DZ Privatbank S.A. One of the largest German banks based in the financial centre Luxembourg. Shareholders are DZ Bank AG (70.33 %), WGZ Bank AG (18.72 %) and Cooperative banks (10.95 %). DZ Privatbank S.A. was established in 1977. Fortuna banque The Bank was established in 1915 and is headquartered in Luxembourg. Socit Nationale de Crdit et d'Investissement (SNCI) A bank specializing in medium and long term financing of investments made by Luxembourg based companies. Founded in 1978, it is wholly owned by the State of Luxembourg. LBBW Luxemburg S.A. A 100% subsidiary of German-based Landesbank Baden-Wrttemberg. With over EUR10 billion assets under administration, it is a highly active custodian bank. Moreover, the bank manages a credit investment portfolio of EUR6 billon. The company was founded on January 3, 1978. M.M. Warburg Bank Luxembourg A subsidiary of the Hamburg based private bank M.M.Warburg & CO KgaA, one of largest independent private banks in Germany. M.M.Warburg Bank Luxembourg advises and provides operational support to both private and institutional clients. The company was established in 1973. Nomura Bank (Luxembourg) S.A. (also referred to as NBL) A subsidiary of Nomura Europe Holdings plc, United Kingdom. The company was founded on February 2, 1990. Mr. Nakada Masafumi is the Chairman of the Bank. Nordea Bank S.A. The leading Nordic pan-European banking entity in Luxembourg and Switzerland. The Bank specializes in private banking, fund distribution and fund management services. The company was founded on September 30, 1976 and operates as subsidiary of the Nordea Group, Sweden. UBS (Luxembourg) S.A. A subsidiary of UBS AG, Zurich. The compmay provides wealth management, investment banking and asset management services. UBS (Luxembourg) S.A. was founded on August 20, 1973. VP Bank (Luxembourg) S.A. A subsidiary of Verwaltungs- und Privat-Bank AG, Vaduz (Liechtenstein).

Number of banksCentral Bank

1

218

220

215

210

189

169

162

155

156

156

152

149

147

143

141

141

Column1

Sheet1

Column1

1993218

1995220

1997215

1999210

2001189

2003169

2004162

2005155

2006156

2007156

2008152

2009149

2010147

2011143

2012141

2013141

List of banks established in Luxembourg in accordance with the Law of 5 April 1993:

Situation at 09/10/2013

Banks authorised to carry on their activities pursuant to Article 2 of the Law of 5 April 1993:Rural banks 13Banks issuing mortgage bonds 6 Branches of credit institutions originating from a non-Member State of the European Union authorized in Luxembourg according to Article 32 of the Law of 5 April 1993 8Branches of credit institutions originating from a Member State of the European Union and assimilated authorised in Luxembourg according to Article 30 of the Law of 5 April 1993 30 Luxembourg public institutions 2Partnerships limited by shares under Luxembourg law 2Public limited companies under Luxembourg law (S.A.) 96

Significant degree of international activityLuxembourg has 141 banks from 26 countries: 106 subsidiaries 35 branchesGeographic origin of private banking clients(1)The number of banks per 100,000 inhabitants: 141 / 537,853 * 100,000 = 26.22 Banque de Luxembourg

Country of originNumberGermany37France14Switzerland11Italy9Sweden8United Kingdom7Belgium6USA6Japan5Luxembourg5China4Netherlands4Brazil3Israel3Portugal3Qatar3Andora2Canada2Norway2Denmark1Greece1Latvia1Liechtenstein1Russia1Spain1Turkey1

1

0.24

0.18

0.21

0.17

0.07

0.03

0.04

0.04

0.01

0.01

Column1

Sheet1

Column1

Belgium, France, Germany24%

Luxembourx18%

Not defined21%

Other European countries17%

Other non EU countries7%

Eastern Europe (non EU)3%

Latin America4%

Asia4%

USA1%

Africa1%

GDP evolution (mln EUR)

1

11805

21998

30270

37372

36027

39906

42626

44426

leverage rate

1

20082009201020112012

Long term0.960.440.910.720.45

Short term35.3340.8827.4736.4949.73

1

00

00

00

00

00

Long term

Short term

2

lei

2008195

5.201255

1.201313.87

2.1317.3

3.1314

3

http://www.evm.md/public/studii/Studiu_actiuni_bancare_09.08.pdf

MLN.LEI20082009201020112012

K1cp/ T DEP31.200302915627.13004484323.278163374318.847352024916.09130352761993

K2CP/ Active imobilizate2.17989417990.81914893620.94372294371.15710382511.01186239622000

k3Cprotectie/Cp0.45873786411.22077922081.05963302750.86422668240.98827667062005

K4(CP-Fond Statutar)/CP0.96480582520.96576151128728470.86283704572008

K5CP/Dep.PF36.868008948546.208401527635.418359057726.17428924636.46857631472009

K6CP/Tcredite82484731.19856887334.27762039666.99180327872010

ROEProfit net/CP28.73.210.673.33-26.272011

3.3057851242012

cp/Tp

19932000200520082009201020112012

K6leverage rate11,805.0021,998.0030,270.0037,372.0036,027.0039,906.0042,626.0044,426.00

3

leverage rate

Banking intermediation Aggregat assets/ GDP * 100,000

1

33.6430326133

29.4405400491

26.1397423191

24.8703307289

21.9984456102

19.1027665013

18.6282550556

16.5457164723

Column1

Sheet1

Column1

199333.64

200029.44

200526.14

200824.87

200922.00

201019.10

201118.63

201216.55

The bankarization degree

Return on Equity

1996200020052006200720082009201020112012(net profit / Equity capital)*100

1

15224168911.0943247504

24595247910.0792844074

32649349810.7139575485

35895567115.7988577796

38931473912.1728185765

381572180.5713237414

4415120564.6567461666

4349538178.7757213473

4280724905.8168056626

4566335387.7480673631

own capital

net rezult

ROE

1

2

yearown capitalnet rezultROE

199615,2241,68911.09221471,704

200024,5952,47910.08202647,633

200532,6493,49810.71155791,250

200635,8955,67115.80156839,574

200738,9314,73912.17156915,341

200838,1572180.57152929,454

200944,1512,0564.66149792,538

201043,4953,8178.78147762,315

201142,8072,4905.82143794,048

201245,6633,5387.75141735,060

2

15224168911.0943247504

24595247910.0792844074

32649349810.7139575485

35895567115.7988577796

38931473912.1728185765

381572180.5713237414

4415120564.6567461666

4349538178.7757213473

4280724905.8168056626

4566335387.7480673631

&A

Page &P

own capital

net rezult

ROE

year

3

26.2153413665537853

ActiveGDP

397,156.0011,805.00199333.64

647,633.0021,998.00200029.44

791,250.0030,270.00200526.14

929,454.0037,372.00200824.87

792,538.0036,027.00200922.00

762,315.0039,906.00201019.10

794,048.0042,626.00201118.63

735,060.0044,426.00201216.55

3

33.6430326133

29.4405400491

26.1397423191

24.8703307289

21.9984456102

19.1027665013

18.6282550556

16.5457164723

Return on Assets

1996200020052006200720082009201020112012(net profit / Aggregate assets)*100

1

47170416890.3580635314

64763324790.3827785181

79125034980.4420853081

83957456710.6754616031

91534147390.5177305507

9294542180.0234546304

79253820560.2594197376

76231538170.5007116481

79404824900.313583058

73506035380.4813212527

Aggregate Assets

Net Profit

ROA

1

2

yearAggregate AssetsNet ProfitROA

1996471,7041,6890.36221471,704

2000647,6332,4790.38202647,633

2005791,2503,4980.44155791,250

2006839,5745,6710.68156839,574

2007915,3414,7390.52156915,341

2008929,4542180.02152929,454

2009792,5382,0560.26149792,538

2010762,3153,8170.50147762,315

2011794,0482,4900.31143794,048

2012735,0603,5380.48141735,060

2

&A

Page &P

Aggregate Assets

Net Profit

ROA

year

3

26.2153413665537853

ActiveGDP

397,156.0011,805.00199333.64

647,633.0021,998.00200029.44

791,250.0030,270.00200526.14

929,454.0037,372.00200824.87

792,538.0036,027.00200922.00

762,315.0039,906.00201019.10

794,048.0042,626.00201118.63

735,060.0044,426.00201216.55

3

All the banks under Luxembourg law and, if they are not included in a supervision carried out by a foreign authority based on compliance with standards offering guarantees comparable to those enforced in Luxembourg, branches of non-EU banks must permanently have eligible own funds at least equal to the global capital requirement for credit risk, exchange-rate risk and market risks (including notably interest-rate risk, risk of price variation of title deeds, settlement-delivery and counterparty risk). This requirement is stated by means of a ratio and must be at least 8%.

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