Banque de Luxembourg News - all the latest news from Banque de Luxembourg: news from the markets, business areas, corporate news. Whats going on at Banque de Luxembourg https://www.banquedeluxembourg.com/en/bank/bl/rss Banque de Luxembourg News - all the latest news from Banque de Luxembourg: news from the markets, business areas, corporate news. Whats going on at Banque de Luxembourg en Copyright Banque de Luxembourg 2019 Banque de Luxembourg https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/obligations-des-pays-emergents-un-choix-risque-par-nature-ou-un-moyen-de-diversifier-son-portefeuille- Obligations des pays émergents : un choix risqué par nature ou un moyen de diversifier son portefeuille ? Gina Kogelschatz Gina Kogelschatz https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/obligations-des-pays-emergents-un-choix-risque-par-nature-ou-un-moyen-de-diversifier-son-portefeuille- Fri, 07 Jun 2019 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Emerging-Markets.jpg/5e6c2917-c222-4f06-8d9b-b3567c9aa4e5?t=1558946268403"/><br/> There is a widely held belief that emerging market corporate bonds necessarily imply higher risk for investors. Many investors indeed feel more comfortable investing in their country of residence or close to their home country, as Warren Buffett mentioned in an interview in the Financial Times [1].<br/> <h2>Developed countries versus emerging markets</h2> <p>Admittedly, the developed bond markets in North America, Western Europe and Japan offer a more stable infrastructure: rule of law and a well-implemented set of regulations including competition law, company insolvency law and financial conduct supervision. It is only natural that investors have doubts on the trustworthiness of corporate issuers operating in the emerging economies (encompassing Latin America, Middle East &amp; Africa, Central &amp; Eastern Europe and Asia excluding Japan).</p> <h2>A less unstable equation than might be expected</h2> <p>The capacity of EM companies to honour their debt often proves to be higher than expected. In the last two years, the corporate default rate in emerging economies has been lower than in the United States: the high-yield issuer default rate was at 1.87% in the US in year-end 2018, whereas it remained at 1.6% in overall emerging countries in the same period [2]. In the Middle East and Africa, the figure even fell below average, at under 0.1%. This trend continued into the first quarter of 2019, with an extremely low default rate of 0.5% for EM speculative grade corporate bond issuers [3]. In contrast, the biggest corporate defaults by volume have happened in the United States.</p> <p>To mention only a few: Toys ‘R’ Us, iHeartCommunications and Sears Holding have filed for Chapter 11 bankruptcy protection. This phenomenon is due to the fact that 64.6% of all global corporate debt consists of bonds and leveraged loans issued by US companies [4]. In fact, more than 45% of US GDP comprises corporate debt issued by non-financial sector companies [5]. According to a report published by BCA Research [6], the growth rate of corporate debt was highest in the United States in 2018, which could pose serious risks for the economy. The deteriorating indicators of corporate fundamentals and financial risk-taking even point to late-cycle dynamics, failing to engage in long-term capital spending [7].</p> <h2>Emerging market companies’ fundamentals prove their credit quality</h2> <p>Corporate bonds issued by emerging market companies are not intrinsically riskier than those issued by sector peers in the developed part of the world. Nevertheless, the close relationship between sovereign credit rating and the credit rating of a company based in that specific country raises a question: why do the credit ratings of emerging market corporates diverge to a higher extent than their developed-market peers? The explanation is simple. They move in synchronization with the sovereign credit rating of the country of domiciliation.</p> <p>The sovereign credit rating even determines the scale of ratings upgrades or downgrades. For instance, more than five Turkish corporate issuers saw their ratings downgraded to BB- in the aftermath of the ratings downgrade on the Turkish sovereign. On the other hand, some corporate issuers have received higher ratings than those of their domicile. Such is the case for Emirates Telecommunications Group, rated AA- by S&amp;P [8] (Aa3 by Moody's), above the sovereign rating of the United Arab Emirates.</p> <p>The positive credit assessment is mostly based on the excellence of its financial metrics, especially the low leverage ratio, the ample interest coverage and significant cash on the balance sheet. The group also offers the competitive advantage of generating cash flow in several countries where it operates outside its home country, such as Morocco, Egypt, Pakistan and the Central Africa region.</p> <p>This demonstrates that a company operating in emerging markets can post financial health that is as solid as its competitors in developed markets.</p> <h2>Higher spreads – drawback of emerging market bonds</h2> <p>Even so, every rose has its thorn. Investors have to accept higher credit spreads when buying bonds issued by companies whose parent group is located in an emerging market. Credit spreads represent the difference between the yield on a low-risk bond and the yield on a corporate bond. A big difference (or high spread) means a greater credit risk but also a higher return for the bond in question.</p> <p>According to a report published by the J.P. Morgan credit research department [9], A-rated corporate bonds from EM issuers tend to have spreads 29 to 50 basis points above equivalent bonds issued in the United States, all other things being equal (‘<i>pari passu</i>’). This observation could be due to the fact that financial markets factor in the liquidity issue for emerging markets in their pricing. In addition, the higher the credit rating, the narrower the spreads to sector peers in the same ratings basket. This explains the significant level of spreads on high-yield debt issued by emerging market companies.</p> <p>The ultimate parent company’s country of domiciliation also plays a role: for instance, Russian corporates with the lowest investment grade, BBB-, display wider spreads ranging from 95 to 106 basis points to the US issuers in the same sector. This takes into account geopolitical risks on top of the counterparty credit risks, such as the impact of US sanctions on the Russian economy. Lastly, in some sectors, such as banking and financial services, EM issuers post higher spreads (over 100 basis points) than their US counterparts with the same credit rating.</p> <p>In conclusion, it is of little practical value to believe that EM corporate bonds do not comprise a safe asset class. An exhaustive credit assessment of emerging market credit can enhance the degree of diversification in an investment portfolio.</p> <p class="footnote">&nbsp;<br /> [1] The Financial Times, Weekend Long Reads, 25/04/2019<br /> <a href="https://www.ft.com/content/40b9b356-661e-11e9-a79d-04f350474d62">https://www.ft.com</a><br /> <br /> [2] J.P. Morgan Credit Research, EM Corporate Default Monitor, 04/04/2019 <a href="https://markets.jpmorgan.com/#research.publication_page&amp;publicationId=9001430">https://markets.jpmorgan.com</a><br /> <br /> [3] S&amp;P Capital IQ, S&amp;P Global Ratings, Credit Trends Report, 15/04/2019<br /> <a href="https://www.capitaliq.com/CIQDotNet/CreditResearch/SPResearch.aspx?&amp;DocumentId=41385845&amp;From=SNP">https://www.capitaliq.com</a><br /> <br /> [4] J.P. Morgan Credit Research, Default Monitor, 02/01/2019<br /> <br /> [5] BCA Research, Special Report on the risk from U.S. Corporate Debt : Theory and Evidence by Ryan Swift, 23/04/2019<br /> <br /> [6] idem.<br /> <br /> [7] The Financial Times, Corporate America is failing to invest, Gillian Tett, 11/04/2019<br /> <a href="https://www.ft.com/content/960ec8ec-5c36-11e9-9dde-7aedca0a081a">https://www.ft.com</a><br /> <br /> [8] S&amp;P credit rating report, Emirates Telecommunications Group Company, 11/06/2018<br /> <br /> [9] EM vs. US HG Relative Value Report, 22/04/19, by Eric Beinstein &amp; Yang-Myung Hong <a href="https://markets.jpmorgan.com/#research.article_page&amp;action=latest&amp;publicationId=9000908">https://markets.jpmorgan.com</a></p> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/tordre-le-cou-aux-idees-recues-sur-la-gestion- Discretionary portfolio management: tackling preconceived ideas https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/tordre-le-cou-aux-idees-recues-sur-la-gestion- Fri, 14 Dec 2018 16:21:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Idees+recues+question.png/84a2b3e0-5a3d-4b80-87fd-60806f924948?t=1547216372593"/><br/> While a growing number of clients have entrusted us with the management of their portfolios, others still believe that discretionary management is opaque, complex, not efficient enough, or too expensive.<br/> <p>Find out what our advisers have to say in these videos.</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/99uxQEHnFIU" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/5FC6MjO_X1A" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/7v6FbMlVfBs" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/oVvdSlTLA-0" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/G-_jAwGIe_g" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/brUMpSd5jUI" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/oDKNikAswBk" width="560"></iframe></div> <p>&nbsp;</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/nlyzSppsB50" width="560"></iframe></div> <p>&nbsp;</p> <p>Entrusting us with the management of your assets frees you from the constraints of managing your portfolio on a daily basis. You'll also benefit from a responsible and proven investment strategy.&nbsp;This approach lets you pursue your projects with total peace of mind.</p> <p>&nbsp;</p> <p><b>To find out more about discretionary management at Banque de&nbsp;Luxembourg, take a look at our interview with Damien Petit, Head of Private Banking Investments.</b></p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/gqIoC_9Kwjc" width="560"></iframe></div> <form action="https://www.banquedeluxembourg.com/en/bank/corporate/investment-solutions" method="get"><button class="btn style3 plus">Find out more about discretionary management</button></form> <form action="https://www.banquedeluxembourg.com/event/campagne-idees-contact-lu" method="get"><button class="btn style1">Talk to an adviser</button></form> Luxembourg Luxembourg Belgique Belgique Corporate Corporate Blog blnews Blog blnews nl_bl_2018_12 nl_bl_2018_12 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/faibles-marges-de-man-uvre-pour-la-bce Faibles marges de manœuvre pour la BCE https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/faibles-marges-de-man-uvre-pour-la-bce Fri, 14 Jun 2019 09:28:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/BCE/97f82570-cb37-4e77-8f92-5c77cae71396?t=1546952926717"/><br/> La capacité de la BCE à soutenir la croissance apparaît limitée. Explications avec Jean-François Gillardin, Head of Discretionary Portfolio Management à la Banque de Luxembourg.<br/> <p>Le ton légèrement plus accommodant pris par le Conseil des gouverneurs semble justifié dans le contexte actuel. Toutefois, les marges de manœuvre de l’institution de Francfort pour relancer la croissance, si la situation venait à se dégrader, semblent restreintes.</p> <p>La Banque centrale européenne a pris un ton légèrement plus accommodant la semaine dernière à Vilnius lors de sa réunion de politique monétaire, repoussant une nouvelle fois la date indicative du début du cycle de resserrement monétaire. Le Conseil des gouverneurs prévoit désormais un statu quo pour ses taux directeurs au moins jusqu’au premier semestre 2020. Auparavant, l’institution de Francfort pensait procéder à sa première hausse de taux dans la seconde partie de cette année. Le marché est encore plus pessimiste puisque aucune hausse de taux n’est pour le moment anticipée pour 2020 et 2021.</p> <p>Les modalités des nouvelles opérations de refinancement à long terme mieux connues sous l’acronyme TLTRO pour « targeted longer-term refinancing operations » ont également été dévoilées. Via ces opérations, la BCE fournit des liquidités à des taux particulièrement attractifs – taux pouvant même être négatifs si certaines conditions sont respectées - aux banques, dans l’espoir que ces dernières prêtent cet argent aux ménages et aux entreprises. Le but de ces opérations est clairement de soutenir l’activité de crédit et plus particulièrement celle des petites et moyennes entreprises qui ne bénéficient pas du même accès au financement que leurs consœurs de plus grande taille.</p> <h2>La BCE prête à en faire plus en cas de dégradation de la situation</h2> <p>La BCE s’est également déclarée prête à en faire plus si la situation économique venait à se dégrader au cours des prochains trimestres. Outre le ralentissement actuel de la croissance mondiale, les négociations commerciales entre la Chine et les Etats-Unis et les difficiles négociations sur le Brexit sont susceptibles d’avoir un impact relativement conséquent sur l’activité. Dans ce contexte, les prévisions macroéconomiques pour 2020 et 2021 ont été légèrement revues à la baisse pour ressortir toutes deux à 1,4 %.</p> <p>Sur le front de l’inflation, les anticipations ont été revues à la baisse de 0,1 % pour 2020 et restent inchangées pour 2021 pour respectivement ressortir à 1,4 % et 1,6 % soit un niveau inférieur à l’objectif de 2 %. Sur les cinq dernières années, l’inflation a seulement dépassé ce niveau cible entre juillet et octobre 2018 sous l’effet d’une hausse du prix du pétrole. Cela illustre les difficultés actuelles de la BCE à atteindre son objectif malgré une politique monétaire très accommodante. Le constat est encore plus interpellant pour l’inflation sous-jacente mesurant l’évolution des prix sans les composantes les plus volatiles que sont les prix de l’énergie et les prix alimentaires. Cette dernière n’a plus dépassé les 2 % depuis 2002.</p> <p>Les marges de manœuvre de la BCE pour soutenir la croissance semblent toutefois relativement limitée. Cette dernière pourrait, à nouveau, baisser le taux de rémunération des dépôts – actuellement de -0.4 % - au risque d’impacter davantage encore la profitabilité du secteur bancaire. Une nouvelle extension de la « forward guidance » - indication sur l’évolution future des taux directeurs – pourrait également être utilisée, même si, ici aussi, l’impact serait très limité sur la croissance.</p> <h2>La BCE tentée de relancer son programme d'achat d'actifs</h2> <p>La Banque centrale européenne pourrait, par ailleurs, être tentée de relancer son programme d’achat d’actifs arrêté en décembre 2018. Contrairement à la Federal Reserve, la taille du bilan de la BCE n’est pour le moment pas réduite chaque mois. En effet, le montant des actifs arrivant à échéance - comprenant majoritairement des obligations gouvernementales - est pour le moment entièrement réinvesti.</p> <p>Ce mécanisme a permis d’abaisser les coûts de financement des pays de la zone euro contribuant par la même occasion à la réduction de leur déficit public. La charge d’intérêts de l’Italie en pourcentage de son produit intérieur brut est ainsi passée de 4,5 % en 2011 à 3,5 % aujourd’hui. Cette mesure a également été bénéfique pour les pays cœur de la zone euro, la charge d’intérêts de l’Allemagne passant de 2 % à 0,6 % du PIB sur la même période.</p> <p>D’un autre côté, certains pensent que ce « cadeau » n’incite pas les pays périphériques à entreprendre toutes les réformes nécessaires pour améliorer leur potentiel de croissance à plus long terme. Si des progrès ont été réalisés sur le plan de la compétitivité au sein de la périphérie depuis la crise souveraine, ces pays restent toutefois encore à la traîne par rapport aux pays cœur de la zone euro comme le confirme toujours le classement du World Economic Forum.</p> <p>La prudence de la BCE semble justifiée dans le contexte actuel. Toutefois, ses marges de manœuvre semblent très restreintes pour espérer soutenir durablement la croissance européenne si les tensions géopolitiques venaient à s’envenimer. À&nbsp;ce stade, aucune solution ne semble toutefois faire l’unanimité.</p> <div class="mini-cv"> <div class="mini-cv_container"> <div class="mini-cv_image"><img src="/documents/19605/71957/Jean-fran%C3%A7ois+Gillardin/79b143a8-fe6d-4bbe-a423-c99b576f581f?t=1557327631784" /></div> <div class="mini-cv_text"> <div class="mini-cv_nom">Jean-François Gillardin</div> <div class="mini-cv_titre">Head of Discretionary Portfolio Management</div> <div class="mini-cv_linkedin"><a href="https://www.linkedin.com/in/jean-fran%C3%A7ois-gillardin/">suivez-moi sur</a></div> </div> </div> </div> MASQUER:BE MASQUER:BE https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/gerer-son-patrimoine-les-10-regles-d-or Managing your wealth: the 10 golden rules https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/gerer-son-patrimoine-les-10-regles-d-or Wed, 22 May 2019 10:09:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/regel-or.jpg/abcaebee-30a8-4dea-a5d3-55e7d6ee4c24?t=1558705691243"/><br/> There are certain key principles to respect if you wish to ensure the efficient management of your assets over the long term. In this article we review the 10 golden rules you should follow to help you navigate the financial markets.<br/> <h3>1 / Define your investor profile</h3> <p>To define the profile, you need to distinguish between your capacity to take risk and your willingness to take risk.<br /> Your willingness will be down to your individual perception, a function of your own degree of aversion to risk, whereas your capacity to take risks will depend on three criteria linked to your situation: your investment horizon (the time factor), the extent of your wealth, and future spending related to your plans.</p> <h3>2/ Construct a diversified portfolio tailored to your risk profile</h3> <p>Diversifying your portfolio will enable you to reduce the risk borne by the portfolio overall. Diversification can be geographic or by asset class (equities, bonds etc.). A well-diversified portfolio is better equipped to withstand crisis periods than one invested in a single asset class.</p> <h3>3/ Adjust your portfolio for each major stage in your life</h3> <p>You have to adjust the composition of your assets to your life and situation. For example, it is better not to invest the money you will need to finance the purchase of your home in the next year in equities. On the other hand, significant exposure to equities is appropriate if you have your life before you.</p> <h3>4/ Invest for the long term</h3> <p>Investing for the long term helps smooth out market ups and downs and limit the impacts of the inevitable crises along the way.</p> <h3>5/ Stay invested rather than try to anticipate the market</h3> <p>Anticipating the market can be very chancy. Selling off positions when you expect a market downturn also entails the risk of losing the profit when prices go up in the future or missing the best time to get back into the market. Staying invested also means you can continue to derive the benefit of reinvesting dividends.</p> <h3>6/ Invest regularly</h3> <p>This is the only way to build up wealth over the long term: you can average out the purchase price if you invest during both and up and down phases on the markets.</p> <h3>7/ Control your emotions</h3> <p>Emotions are the worst enemy of investors, making them feel they have to act in uncomfortable or unexpected situations.</p> <h3>8/ Keep reasonable expectations for yield</h3> <p>The expectations for yield must be measured, bearing in mind that years of above-average yield may be followed by negative years.</p> <h3>9/ Be wary of fashionable trends and successful stocks</h3> <p>Following fashionable trends and investing in successful stocks is a sure way of being exposed to the risk of a definitive capital loss.</p> <h3>10/ Understand your investments</h3> <p>It is vital to invest in solutions that you understand and to avoid over-complex products. You must choose quality stocks as, even though they can suffer a temporary loss, they will not fail in the long run. Furthermore, you must not pay too much for them as the price paid determines the future return of any investment.<br /> &nbsp;</p> <form action="/en/bank/bl/approche-d-investissement" method="get"><button class="btn style3 plus">Find out more about our investment approach</button></form> Investir Investir Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/academie-d-ete-2018-les-inscriptions-sont-ouvertes- The Summer Academy 2019 - open for registration! https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/academie-d-ete-2018-les-inscriptions-sont-ouvertes- Wed, 05 Jun 2019 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/FBJEP+retour/93274c49-2083-45ae-b41c-206be06032db?t=1546953140700"/><br/> The family business: to join or not to join? That is generally the key question for participants in the Summer Academy. The programme - for young people with family - is organised by Banque de Luxembourg and will take place from 27 to 30 August 2019. It is now open for registration.<br/> <div style="padding:56.25% 0 0 0;position:relative;"><iframe allow="autoplay; fullscreen" allowfullscreen="" frameborder="0" src="https://player.vimeo.com/video/200837242?title=0&amp;byline=0&amp;portrait=0" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></div> <script src="https://player.vimeo.com/api/player.js"></script> <h2>Who is the academy for?</h2> <p>For the sons and daughters of Luxembourg, Belgian and French family business owners, aged 18 to 30, who, as they leave school or higher education, are wondering whether or not they want to join the family business one day (and what role they could play in it).</p> <h2>Its objective?</h2> <p>To help them find out more about themselves, the business, and what working in the family means; to understand why it can sometimes be difficult to broach the subject of succession... and at the same time share their concerns and experiences with other young people facing similar questions.</p> <h2>When and where?</h2> <p>From from 27 to 30 August 2019 at Château de la Poste, near Namur (Belgium).</p> <h2>How to sign up</h2> <p>For more information about the program and to register, contact Charles Sunnen, Business &amp; Next Gen Adviser.</p> <div class="contact"> <div class="contact_container"> <div class="contact_item"> <div class="contact_photo"> <div class="contact_img"><img src="/documents/205027/339728/C+SunnenBLLportrait.jpg-vignette/0deee9a7-5f3b-42e2-917a-bda1266bddc6?t=1548169731057" /></div> </div> <div class="contact_person"> <div class="contact_person_name">Charles Sunnen</div> <div class="contact_person_title">Business &amp; Next Gen Adviser</div> <div class="contact_person_tel"><a href="tel:+352499243061">(+352) 49 924 3061</a></div> </div> <div class="contact_button"><a class="btn style2" data-featherlight="iframe" href="/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=304&amp;lang=en">Contact me</a></div> </div> </div> </div> <form action="http://www.bdl.lu/youngpeople" class="only-lu only-de only-europe only-autres" method="get"><button class="btn style3 arrow">www.bdl.lu/youngpeople</button></form> Luxembourg Luxembourg Belgique Belgique Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/nos-perspectives-des-marches-financiers-pour-le-2eme-trimestre-2019 Our perspectives for the second quarter 2019 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/nos-perspectives-des-marches-financiers-pour-le-2eme-trimestre-2019 Thu, 23 May 2019 17:32:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/perspectives+2-2019.jpg/7c0543a7-f8fa-4af1-ad4c-52103fa158e6?t=1559723141376"/><br/> Every quarter, our specialists interpret trends in the global economy and financial markets. Read their views on the second quarter of 2019.<br/> <h2>Macroeconomic environment</h2> <ul> <li>Weaker international trade is affecting the global economy.</li> <li>The US Federal Reserve’s next move will be a cut in interest rates.</li> <li>The fundamentally socialist nature of the demands emanating from a middle class which feels sidelined by the authorities represents a potential source of instability on both sides of the Atlantic.</li> </ul> <h2>Financial markets</h2> <ul> <li>The main event driving the equity market rally in the first quarter was the US Federal Reserve's U-turn.</li> <li>The current divergence between rising share prices and the downward revision of forecast earnings is particularly marked.</li> <li>The Chinese market should continue to attract foreign capital.</li> </ul> <p><a href="https://www.banquedeluxembourg.com/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=45&amp;lang=en">Order the publication Perspectives</a></p> <div id="blockIssuu"> <div class="issuuembed" data-configid="1106681/70102006">&nbsp;</div> <script type="text/javascript" src="https://e.issuu.com/embed.js" async="true"></script></div> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/analyse-des-marches-financiers- With the slight correction on the equity markets, how are discretionary portfolios positioned? https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/analyse-des-marches-financiers- Wed, 29 May 2019 08:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/damien-petit.jpg/92a972ef-3a32-4240-abe9-a8ad9c9ec4b4?t=1558709535940"/><br/> Equity markets worldwide have lost just over 3% since their peak at the end of April. Damien Petit, Head of Private Banking Investments at Banque de Luxembourg, analyses the situation and explains the management decisions that have been taken recently.<br/> <h2>Slight correction on the equity markets</h2> <p>This – slight – correction is due to fears of an escalation in the US-China trade war. No agreement has yet been reached between the two countries, which has prompted the Trump administration to announce a hike in customs tariffs from 10% to 25% on $200 billion worth of Chinese goods. China retorted swiftly with the announcement of retaliatory measures raising customs tariffs to 25% on $60 billion worth of US goods from June.</p> <p>Fears of the damaging consequences of this conflict on the global economy have led specifically to:</p> <ul> <li>A further decline in top-quality sovereign bond yields;</li> <li>A downturn in risk assets.</li> </ul> <p>The slight fall in risk assets is hardly surprising given the markets’ sharp rebound over the last four months, largely attributable to investor complacency over the trade war. Investors are convinced that the American central bank will provide implicit support in the event of a bout of economic weakness. Expectations of an interest rate hike have also completely evaporated.</p> <h2>Cautious positioning for discretionary portfolios</h2> <p>The equity markets’ strong rally over the last four months – coupled with a strong increase in share valuations – encouraged us to reduce the equity exposure of our discretionary portfolios on three occasions during this period. The most recent reduction was in mid-May.</p> <p>We intend to maintain a cautious positioning in terms of asset allocation, hence we are slightly underweighted in the equity portfolio where we no longer find valuations are sufficiently attractive. Separately, while it is likely that an agreement will ultimately be reached between China and the United States, President Trump will want to maintain a favourable economic environment in the run-up to the 2020 elections. However, we cannot rule out the negative impacts of this conflict on an ever-fragile global economy. In the event of a surge in volatility, the portfolio's cash could be rapidly redeployed.</p> <h2>Ten golden rules for wealth management</h2> <p>Wealth management calls for personalised solutions, adapted to each individual’s life plans. But we should never lose sight of intangible investment principles like the fact of adopting a long-term approach and staying invested. In this article, we review the ten key principles for successful long-term wealth management.</p> <div class="linked-article"><a href="/en/bank/bl/blog/-/blogpost/gerer-son-patrimoine-les-10-regles-d-or"> <div class="linked-article-style1"> <div class="linked-article-wrapper"> <div class="linked-article-arrow">&nbsp;</div> <div class="linked-article-content"> <div class="linked-article-title">Managing your wealth</div> <div class="linked-article-text">The 10 golden rules</div> </div> </div> <div class="linked-article-image square"><img src="/documents/19605/301498/vignette-regel-or.jpg/652032a4-4729-469a-9f2d-706079793ea8?t=1558705693917" /></div> </div> </a></div> <p><strong>For more information, contact an adviser.</strong></p> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-princesse-esmeralda-de-belgique-et-yann-arthus-bertrand-s-engagent-aupres-de-friendship-belgium HRH Princess Esmeralda of Belgium and Yann Arthus-Bertrand get involved in Friendship Belgium https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-princesse-esmeralda-de-belgique-et-yann-arthus-bertrand-s-engagent-aupres-de-friendship-belgium Thu, 30 May 2019 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/friendship-BE-launch.jpg/cb15850b-2af0-409f-82f5-5f2a25de212e?t=1547216387073"/><br/> Founded by Runa Khan in Bangladesh in 2002, the Friendship foundation works in several sectors, including healthcare, education, climate change adaptation, sustainable economic development and promotion of basic human rights. Banque de Luxembourg has supported the foundation for many years.<br/> <p>Soon after starting up Friendship in Bangladesh – and the launch of the country's first hospital ship – Runa Khan realised that, if she wanted to continue focusing her actions on the priorities that she identified locally, on the ground, she would need to have closer relationships with her donors and partners.</p> <p>Seventeen years after the launch in Bangladesh, Runa set up a platform in Europe, establishing entities in Luxembourg and, more recently, Belgium. The aim is to avoid long chains of intermediaries which all too easily dilute relationships and the resulting projects. The launch of Friendship in Belgium took place in the presence of HRH Princess Esmeralda of Belgium and Yann Arthus-Bertrand, two personalities whose commitment is widely known.</p> <h2>Find out more about Runa Khan and the values of the Friendship foundation in this interview.</h2> <div class="video-container"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/gbm_sm8A5gA" width="560"></iframe></div> <p>HRH Princess Esmeralda of Belgium is a writer, feminist journalist and environmentalist who often speaks out on environmental and humanitarian issues. She first met Runa Kahn two years ago through Yann Arthus-Bertrand, whose 2015 film “Human” she greatly admired. She was already a Member of the Board of Friendship UK, and naturally agreed to become Chair of the foundation’s Belgian branch.</p> <h2>Learn about HRH Princess Esmeralda ‘s commitment to Friendship.</h2> <div class="video-container"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/SpDmhvTjvGY" width="560"></iframe></div> <p>Yann Arthus-Bertrand has had a close connection with Friendship for more than ten years. His involvement led to the film “Climate Change in Bangladesh”, which he produced to coincide with COP21, and which was shown again at the Friendship Belgium launch event. Yann Arthus-Bertrand has taken his commitment a step further, making films on subjects close to his heart, especially through the GoodPlanet foundation which was set up in 2005.</p> <h2>Find out about Yann Arthus-Bertrand’s world view in this interview.</h2> <div class="video-container"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/1G2Tg5Hl8Pw" width="560"></iframe></div> <p>Banque de Luxembourg has supported Friendship since 2008. In addition to financial aid, it provides significant support through its employees' skills in a wide variety of fields, including microfinance, organisation, IT, information management and communication.</p> <form action="https://friendship.ngo/belgium/" method="get"><button class="btn style3 arrow">Find out more about Friendship’s activities</button></form> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/une-chaire-consacree-aux-entreprises-familiales-a-hec-liege University Chair in Family Enterprises at HEC Liège https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/une-chaire-consacree-aux-entreprises-familiales-a-hec-liege Mon, 27 May 2019 16:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/HEC+Liege.png/d3b27fdd-1714-48a8-804c-fba7d5ae730f?t=1559059043607"/><br/> A Chair in Family Enterprises has been created at HEC Liège in partnership with Banque de Luxembourg. Its three-year academic research programme is aimed at understanding the family business model and identifying to what extent it plays a meaningful role.<br/> <h2>Although the family business model is often held up as an example, few studies have been made of it</h2> <p>Family businesses account for well over half the world's companies. In the French Community of Belgium, the figure is even as high as 75%. The family business model is often held up as an example – with good reason – for the contribution family businesses make to the creation of wealth and jobs, for their continuity and common sense, for their capacity to adapt, and for their social role in the countries and regions in which they are established.</p> <p>Family businesses have often been less closely researched, partly because they have fewer reporting obligations and have historically been more discreet, or even secretive. However, the family business comes in many forms and should not necessarily be seen as representing a definitive model. Banque de Luxembourg and HEC Liège are interested in investigating the bounds of this model, for the business and for the family, and the Chair in Family Enterprises has been established in this context.</p> <h2>A three-year partnership on a subject of mutual interest</h2> <p>Banque de Luxembourg supports families in business in the management of their family and business wealth – in tangible as well as intangible aspects – especially at times of change. Change may be brought on by investment projects, alterations to the shareholding structure, the sale of assets and, of course, preparing for succession. “We have long supported family businesses in Luxembourg and Belgium, as we believe in this unique model, which is inspirational as much due to its values, complex as they are, as to the close interweave between the life of the family and that of the business,” says Philippe Depoorter, Member of the Executive Committee of Banque de Luxembourg.</p> <p>At HEC Liège, the Management School of the University of Liège, interest in family enterprises is not new: over the last ten years, Professor Nathalie Crutzen has carried out a series of studies on the subject, in collaboration with the Belgian Institut de l'Entreprise Familiale, while a course specifically focusing on issues facing family businesses has been offered to Masters students since 2017.</p> <p>In contributing to financing the Chair, Banque de Luxembourg sees an opportunity to further scientific knowledge of a subject which is of great interest to the Bank and enhance its close understanding of the experience of family entrepreneurs.&nbsp; For HEC Liège, this new Chair opens up an academic field that has not been high on the agenda of other universities, and will be of value to current and future entrepreneurs who are studying at HEC Liège.</p> <h2>A tailored programme for family entrepreneurs</h2> <p>Over the next three years, the general theme of the Chair’s research will be to study the family business model. The issues addressed by the Chair will include the following:</p> <ul> <li>How do the demands of growth and time impact the effectiveness of the family model?</li> <li>To what extent can the cost of the family model be sustained in the development of the business?</li> <li>When precisely does the model reach its limit? Are there any warning signs? Invariables?</li> <li>What is the capacity – and/or the resistance – of the business and the family to opening up or evolving, especially to avoid the effects of a form of inbreeding? At what point does it become necessary?</li> <li>When does the family become a burden to the business? Inversely, when does the business threaten to destroy the family?</li> </ul> <p>The ‘remedies’ and best practices identified by the Chair will be very concrete so that tangible solutions can be offered to family entrepreneurs:</p> <ul> <li>Management Buy-Outs (MBOs) and Leveraged Buy-Outs (LBOs)</li> <li>Passive or active investors like private equity funds</li> <li>Cross-ownerships, partnerships</li> <li>Shareholder foundations</li> <li>Minority IPOs</li> <li>Other options</li> </ul> <p>To lead these projects, a new PhD student, Raphaëlle Mattart, has been appointed at HEC Liège. She will work under the academic supervision of Nathalie Crutzen, the Chair’s Director. Banque de Luxembourg will be represented on the Steering Committee by Philippe Depoorter. This Committee is responsible for defining the research themes and overseeing the PhD. Awareness-raising events for family entrepreneurs will be organised.</p> <p>&nbsp;</p> <p><em>Left to right: Raphaëlle Mattart - HEC Liège, Philippe Depoorter - Banque de Luxembourg, Nathalie Crutzen - HEC Liège, Wilfried Nissen - HEC Liège, David Schmidt - Banque de Luxembourg Belgium</em></p> <h2>If you would like more information:</h2> <div class="contact only-lu only-de only-europe only-autres"> <div class="contact_container"> <div class="contact_item"> <div class="contact_photo"> <div class="contact_img"><img src="/documents/205027/339728/S+RodinBLLportrait.jpg-vignette/2e93d05b-b55d-495e-a163-5c16324ffe9a?t=1548169702650" /></div> </div> <div class="contact_person"> <div class="contact_person_name">Stéphanie Rodin</div> <div class="contact_person_title">Head of Public Relations&nbsp;</div> <div class="contact_person_tel"><a href="tel:(+352) 49 924 3967">(+352) 49 924 3967</a></div> </div> <div class="contact_button"><a class="btn style2" data-featherlight="iframe" href="/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=306&amp;lang=en">Contact me</a></div> </div> </div> </div> <div class="contact only-be"> <div class="contact_container"> <div class="contact_item"> <div class="contact_photo"> <div class="contact_img"><img src="/documents/205027/339709/D+SchmidtBLBEportrait.jpg-vignette/9a0fa6fd-f054-4c96-922f-2e9127021763?t=1548169916353" /></div> </div> <div class="contact_person"> <div class="contact_person_name">David Schmidt</div> <div class="contact_person_title">Head of Belgian Branch</div> <div class="contact_person_tel"><a href="tel:(+32) 0 2 663 45 59">+32&nbsp;(0) 2 663 45 59</a></div> </div> <div class="contact_button"><a class="btn style2" data-featherlight="iframe" href="/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=306&amp;lang=en">Contact me</a></div> </div> </div> </div> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-essentiel-de-la-banque-de-luxembourg-en-2018 Banque de Luxembourg: key figures for 2018 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-essentiel-de-la-banque-de-luxembourg-en-2018 Fri, 03 May 2019 14:25:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/overview2.jpg/25652bce-723a-4e6f-98dd-14c4eb254b02?t=1556886572167"/><br/> Learn more about our 2018 financial results in the online version of Overview, our traditional report that presents key facts and figures about the Bank.<br/> <h2>Strong net profit in a general context that remains complex</h2> <p>The Bank closed its 2018 financial year with net profit of EUR 62 million, reflecting strong performance from our business activities in an environment still characterised by historically low interest rates. We also strengthened our teams to better serve our clients, advance the Bank’s digital ambitions and ensure that we remain compliant with regulations.</p> <h2>Solvency ratio confirms our solidity</h2> <p>At 31 December 2018, our equity capital was EUR 1 billion. The Common Equity Tier 1 solvency ratio of 25.5% also reflects the Bank’s strong position.</p> <h2 class="only-lu only-de only-europe only-autres">Good results for our five business areas</h2> <h2 class="only-be">Good results for Private Banking</h2> <div class="only-lu only-de only-europe only-autres"> <p>All five of our business areas experienced strong commercial growth in 2018.</p> <h2>PRIVATE BANKING</h2> <p>The Private Banking division registered an increase in net income from banking operations under the combined effect of adjustments to its offer to meet MiFID II regulations and an increase in assets under management. Despite lower equity markets in the last quarter of 2018, assets under management remained unchanged at EUR 21.5 billion.</p> <h2>ASSET MANAGEMENT</h2> <p>At 31 December 2018, BLI – Banque de Luxembourg Investments was managing and distributing a range of more than 30 investment funds, with assets totalling EUR 10.5 billion. Nevertheless, 2018 was a difficult year for the equity markets, which underwent a sharp correction at year-end. The decline in equity markets coupled with concerns about the extent of global growth also weighed on the bond market. Most of our investment funds were able to withstand this complicated stock market environment, turning in a healthy performance.</p> <h2>BUSINESSES AND ENTREPRENEURS</h2> <p>At end-2018, the Businesses and Entrepreneurs team was providing advisory services to almost a thousand client groups, with assets under management exceeding EUR 2.4 billion. The department is stepping up its presence on the credit market and aims to become a key player for family businesses in Luxembourg and the Greater Region of Luxembourg.</p> <h2>LOANS AND CREDITS</h2> <p>In 2018 we continued to support our clients in both the private and professional domains with their personal projects. Loans to clients stood at EUR 3.1 billion, representing annual growth of 13.4%.</p> <h2>PROFESSIONAL BANKING</h2> <p>Assets administered by our Professional Banking department rose to EUR 56.7 billion at end-2018. The department, which provides support to corporate clients in the asset management sector, saw steady growth in its business, both in terms of investment fund services and services to independent asset managers and life insurance companies. These results are a further indication that the market sees the Bank as a major player and specialist in professional banking services.&nbsp;</p> </div> <div class="only-be"> <p>The Private Banking division registered an increase in net income from banking operations under the combined effect of adjustments to its offer to meet MiFID II regulations and an increase in assets under management. Despite lower equity markets in the last quarter of 2018, assets under management remained unchanged at EUR 21.5 billion.</p> </div> <br /> <button class="btn style1 center" onclick="window.location.href = 'https://readymag.com/banquedeluxembourg/overview2019-en/'">Find out more in the online version of Overview</button> <p>&nbsp;</p> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/solidaires-a-travers-le-sport-edition-2019-du-solirunbike Solidarity through sport: 2019 edition of the Solirunbike charity race https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/solidaires-a-travers-le-sport-edition-2019-du-solirunbike Tue, 28 May 2019 08:55:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/solidrunbike/f4a76d6c-f860-4c4f-bc1b-481d602f7be8?t=1546952965500"/><br/> More than 60 teams took part in the second edition of the Solirunbike race, held in Kockelscheuer, Luxembourg, to show solidarity with child victims of Noma disease in Burkina Faso.<br/> <p>Often called ‘the face of poverty’, Noma is caused by malnutrition and poor hygiene. It is particularly prevalent among young children in Central Africa. The second Solirunbike charity race was held in Kockelscheuer on Thursday 23 May to raise money for victims of the disease. It was organised by the non-profit organisation Handicaps Solidaires Luxembourg, a private initiative by several representatives of Luxembourg’s business community.</p> <h3>Team spirit and solidarity</h3> <p>More than 60 teams participated in the cycle-run event, each made up of one able-bodied member and one person with reduced mobility. The race was organised in close collaboration with Luxembourg’s Back to Sport association, which promotes sports activities for people who have a disability or are in rehabilitation. All the money raised was donated to the Hymne aux Enfants foundation in Burkina Faso.</p> <p><img alt="" src="/documents/19605/43117/bandeau+solirunbike.jpg/dd78a8e4-ed7b-4a8d-abff-413049e123cf?t=1558960266622" /></p> <p>The Bank was represented by five teams whose enthusiasm was much appreciated. Well done to all participants for helping to make this event such a success! Huge thanks, too, to all the volunteers who handled the logistics and made sure everything ran smoothly.</p> <p>Enthusiasts, take note: the third edition of Solirunbike will take place this time next year.</p> <h3>For more information</h3> <p><a href="https://www.solirunbike.lu" target="_blank">www.solirunbike.lu</a></p> MASQUER:BE MASQUER:BE https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/pourquoi-confier-la-gestion-de-ses-avoirs- Peace of mind in a complex world https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/pourquoi-confier-la-gestion-de-ses-avoirs- Mon, 06 May 2019 15:30:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/BdL128.jpg/8c6cff79-0572-4d94-a602-1336e4a9926f?t=1556891419300"/><br/> Discretionary management involves entrusting the management of your assets to the bank. It is a trusted solution in complex markets, and puts you in the right place at the right time as regards market opportunities.<br/> <p class="only-lu only-de only-europe only-autres">Thierry Feis, Private Banking Adviser at Banque de Luxembourg, describes the advantages of discretionary management.</p> <p class="only-be">Amélie Schreiber, Private Banking Adviser at Banque de Luxembourg, Belgian branch, describes the advantages of discretionary management.</p> <h2>To start with, why delegate? Isn't it usually the case that if you want something done properly, you’d better do it yourself?</h2> <p>Portfolio management is probably the exception to this! In practical terms, discretionary management frees investors completely from the hassle of monitoring their portfolio day-by-day. Finding time to manage and monitor their portfolio effectively can be a real problem. In our increasingly complex world, the challenge is also to bring them peace of mind.</p> <h2>Is this really the right time for investors to delegate the management of their assets?</h2> <p>Absolutely! Market volatility is such a source of stress that managing a portfolio these days needs great rigour. That's another reason to choose support and advice from experienced professionals.</p> <p>But how can investors be confident that their assets will be managed responsibly?<br /> Investors get access to experienced professional management, which focuses on preserving and enhancing their capital over time.&nbsp; With discretionary management, they can depend on responsible investment strategies and value-creating solutions, so they can get on with their life and projects with peace of mind.</p> <h2>How can individual investors be sure that these strategies will genuinely correspond with their own unique requirements?</h2> <p>It's very simple. The idea is that you work with your adviser to define the level of risk most appropriate for you, from the most prudent to the most dynamic. This ensures that your portfolio will be perfectly tailored to your own investor profile.</p> <h2>Doesn't discretionary management sometimes lack transparency?</h2> <p>This obviously depends on which partner you choose. At Banque de Luxembourg, we provide you with a quarterly management report and a detailed statement of your assets. You can also check the performance of your portfolio at any time on our e-banking site. It's a simple, reassuring and transparent solution.</p> <div class="only-lu only-de only-europe only-autres"> <form action="https://www.banquedeluxembourg.com/en/bank/bl/campagne-crashtest-lu-en" method="get"><button class="btn style2">FOR MORE INFORMATION</button></form> <hr /></div> <h2 class="only-lu only-de only-europe only-autres">Let’s discuss how we can help you</h2> <div class="contact only-lu "> <div class="contact_container"> <div class="contact_item "> <div class="contact_photo"> <div class="contact_img"><img src="/documents/205027/339728/T+FeisBLLportrait.jpg-vignette/f497ec1e-dcf7-4b72-9e69-9cf77e7b1699?t=1548169704667" /></div> </div> <div class="contact_person"> <div class="contact_person_name">Thierry FEIS</div> <div class="contact_person_title">Private Banking adviser</div> <div class="contact_person_tel"><a href="tel:(+352)499243710">(+352) 49 924 3710</a></div> </div> <div class="contact_button"><a class="btn style2" data-featherlight="iframe" href="/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=304&amp;lang=en">Contact me</a></div> </div> </div> </div> <div class="only-be"> <form action="https://www.banquedeluxembourg.com/en/bank/bl/campagne-crashtest-be-en" method="get"><button class="btn style2">FOR MORE INFORMATION</button></form> <hr /></div> <div class="contact only-be"> <div class="contact_container"> <div class="contact_item"> <div class="contact_photo"> <div class="contact_img"><img src="/documents/10184/357415/Calque+9BLBEportrait.jpg-vignette/d8ae4894-b0c4-4ba4-a7f6-df9c03ca94ca?t=1548169953790" /></div> </div> <div class="contact_person"> <div class="contact_person_name">Amélie Schreiber</div> <div class="contact_person_title">Private Banking adviser</div> <div class="contact_person_tel"><a href="tel:+32 (0) 2 663 45 54">+32 (0) 2 663 45 54</a></div> </div> <div class="contact_button"><a class="btn style2" data-featherlight="iframe" href="/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=304&amp;lang=en">Contact me</a></div> </div> </div> </div> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/croissance-robuste-aux-etats-unis Robust growth in the United States https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/croissance-robuste-aux-etats-unis Fri, 17 May 2019 16:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/JF-Gillardin-1420x511.jpg/4400d40b-4270-4508-b265-e4a014cf12ac?t=1546952966953"/><br/> The rebound in growth over the first three months of the year was driven by inventories and international trade. The slowdown of the most cyclical components should not be of excessive concern to analysts. Jean-François Gillardin, Head of Discretionary Portfolio Management, offers some explanations.<br/> <p>First-quarter US growth figures exceeded consensus expectations. According to the initial estimate, gross domestic product (GDP) increased at an annual rate of 3.2% in the first quarter of 2019, compared to an expected 2.3%. This announcement nevertheless prompted a slight fall in sovereign bond yields on investor concerns about the composition of this growth.</p> <p>The rebound in activity over the first three months of the year was driven by inventories and international trade. For the third consecutive month, inventories contributed positively to GDP – with companies deciding to increase their inventories because of the uncertainties relating to the trade war – prompting analysts to fear negative effects for subsequent quarters.</p> <p>The same explanation applies to international trade. In the second half of 2018, fearing an escalation in trade tensions, American companies decided to import the goods they needed early, which had a negative impact on the US trade balance. Rumours suggesting positive progress in the negotiations had the reverse effect in the first quarter.</p> <p>To gain a deeper understanding of the quality of the growth, it is better to focus on domestic demand (which measures growth without inventories and international trade) and look specifically at consumption and investment. In this respect, consumer spending particularly disappointed the markets with a rise of just 1.2%. More worrying, the consumption of durable goods – goods with a lifespan of more than three years – contracted sharply in the quarter.</p> <p>The increase in investment spending (1.5%) was hardly much stronger. Here too, the most cyclical components were below par, both for residential and non-residential investment. In non-residential investment, business equipment expenditure (0.2%) barely moved, having been one of the main supports to investment in recent years. At the residential level, weak activity is nothing new: the real estate sector’s contribution to growth has been negative since the first quarter of 2018.</p> <h2>Proceed with caution</h2> <p>For the time being, the slowdown of these data is not yet overly worrying. Consumer spending has probably been negatively impacted by the forced shutdown of non-essential government services and by unfavourable weather conditions. In any case, the deceleration scenario is not an isolated event. A similar phenomenon had already occurred in the first quarter of 2018 with an even more limited rise in consumer spending (0.5%) as well as a contraction in the consumption of durable goods. Yet this did not prevent consumption from growing at a sustained pace for the rest of the year.</p> <p>The decline in business leaders’ sentiment following the strong stock market correction in the fourth quarter of 2018 probably had a negative influence on corporate investment expenditure as did uncertainty over the trade war situation. The markets’ rebound and progress in the negotiations gradually reversed the trend.</p> <p>Ultimately, the increase in American growth could be considered impressive in view of specific events in the first quarter (shutdown of non-essential government services and weather conditions). However, its composition invites caution. Although the deceleration of the most cyclical components of consumption and investment appears temporary at the moment, it needs to be closely monitored.</p> <p>These latest data are not likely to influence the thinking of the Federal Reserve, which has become more dovish. In all likelihood, the Fed will maintain its monetary policy unchanged for the rest of the year. At this stage, it therefore seems to us still premature to anticipate a recession in the United States in the near term.</p> <div class="mini-cv"> <div class="mini-cv_container"> <div class="mini-cv_image"><img src="/documents/19605/71957/Jean-fran%C3%A7ois+Gillardin/79b143a8-fe6d-4bbe-a423-c99b576f581f?t=1557327631784" /></div> <div class="mini-cv_text"> <div class="mini-cv_nom">Jean-François Gillardin</div> <div class="mini-cv_titre">Head of Discretionary Portfolio Management</div> <div class="mini-cv_linkedin"><a href="https://www.linkedin.com/in/jean-fran%C3%A7ois-gillardin/">Follow me on</a></div> </div> </div> </div> https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-essentiel-de-la-banque-de-luxembourg-en-2016-en-version-digitale Banque de Luxembourg: key figures for 2016 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-essentiel-de-la-banque-de-luxembourg-en-2016-en-version-digitale Fri, 07 Apr 2017 07:51:00 +0200 <img src="https://www.banquedeluxembourg.com"/><br/> A review of the Bank’s activities in 2016 with key figures, images and highlights.<br/> <ul> <li>Introduction by Pierre Ahlborn, Administrateur délégué</li> <li>Listening to our clients</li> <li>The digital challenge</li> <li>Banque de Luxembourg and family businesses</li> <li>BL-European Family Businesses Fund</li> <li>Five areas of expertise</li> <li>Key figures in 2016</li> <li>Governance</li> <li>A socially responsible bank</li> </ul> <p><a href="https://readymag.com/banquedeluxembourg/overview2016-en/" target="_blank"><img alt="" src="/documents/19605/43117/Overview-EN.jpg/da59395c-b274-499e-83cc-d119154313fc?t=1493288154546" /></a></p> <p><em style="color: inherit; font-family: inherit; font-size: 17.5px; font-weight: bold;">"In a complex and changing world, we want to remain a beacon of stability, and serve our clients with consistent high standards and unwavering commitment."</em></p> <h3 style="text-align: center; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif;">All about the Bank on your tablet and smartphone.</h3> <h3 style="text-align: center;"><a href="https://www.banquedeluxembourg.com/bank/corporate/restez-connecte-avec-la-banque">Explore, follow, share</a>!</h3> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Belgique Belgique Corporate Corporate Blog blnews Blog blnews Blog privé Blog privé menu_prive menu_prive https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/immobilier-les-prix-continuent-leur-ascension-au-luxembourg Property prices are still on the rise in Luxembourg https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/immobilier-les-prix-continuent-leur-ascension-au-luxembourg Thu, 19 Apr 2018 08:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/immo_taux+fixe+et+variable/ae91ab9a-a72c-4643-be76-781add01ade8?t=1546953066127"/><br/> Real estate remains an attractive investment in Luxembourg as prices continue to climb. What is the average rental price for an apartment or a house? What is the purchase price per square metre? The right support is crucial to ensure the success of a property investment.<br/> <h3location h3=""> <p>According to monthly surveys released by Luxembourg’s atHome real estate portal, demand for property outstrips the supply in the Grand Duchy. Prices continue to increase as a result:</p> <ul> <li>1,385 euros to rent an apartment</li> <li>2,498 euros to rent a house</li> </ul> <h3>How are prices evolving for different property types?</h3> <p><strong>1. Growth in rental prices (March 2017 to March 2018)&nbsp;</strong></p> <ul> <li>Apartments: up 1%&nbsp;</li> <li>Houses: up 6%</li> </ul> <p><strong>2. Growth in prices for small properties</strong></p> <ul> <li>Studios and one-bedroom apartments: up 5%&nbsp;</li> <li>Two-bedroom houses: up 9%</li> </ul> <h3>Purchase prices exceed 5,000 euros per sq. m</h3> <p>Please note that these prices are heavily dependent on the geographical zone and can vary by as much as 100% between Luxembourg North and Luxembourg Centre.</p> <p><strong>1. Average purchase prices</strong></p> <ul> <li>Apartments: 434,701 euros</li> <li>Period houses: 729,516 euros</li> </ul> <p>Up 3% and 5% respectively in a year.</p> <p><strong>2. Prices per square metre</strong></p> <ul> <li>Period apartments in Luxembourg: 5,137 € / sq. m</li> <li>Existing houses: 4,099 € / sq. m</li> <li>New apartments: 6,307 € / sq. m, up 4% in a year</li> </ul> <p>In our previous <a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/une-hausse-de-5-des-prix-de-l-immobilier-a-luxembourg">article on rising property prices in Luxembourg</a>, which appeared last February following the publication of figures by Statec, Luxembourg’s statistics office, we highlighted an increase of almost 5% in the third quarter of 2017 compared to the same period in 2016.</p> <h3>How best to finance your property projects?</h3> <p>We offer financing solutions as a natural extension of the overall wealth management strategy we develop for our clients. As everyone has different individual needs and situations, we always offer tailored solutions that consider every aspect of your project.</p> <p><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=62&amp;lang=en"><span>Contact an adviser</span></a></span></p> </h3location> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Immobilier Immobilier Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_04 nl_bl_2018_04 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/succession-patrimoine-entrepreneurial-vs-patrimoine-familial Inheritance: business assets vs family assets https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/succession-patrimoine-entrepreneurial-vs-patrimoine-familial Tue, 17 Apr 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Claude+M%C3%A9dernach/df8aadac-affb-420e-b493-82a872f37f78?t=1546953117717"/><br/> Claude Medernach, Legal Counsel for Family Office Services at Banque de Luxembourg airs her thoughts in online magazine Paperjam's feature on inheritance planning.<br/> <p>Protecting your loved ones from life's ups and downs is a concern which involves anticipating the handover of your estate. It is a good idea to abide by certain inheritance rules to avoid future conflicts between heirs and ensure a peaceful and lasting transfer of your assets.</p> <h3><br /> Inheritance rules to be respected</h3> <p>The rules for the division of property between the heirs of the deceased are legally defined in Luxembourg's Civil Code. These rules are identical for both business and family assets.</p> <p>Traditionally, direct-line heirs (usually descendants, i.e. the children) and the surviving spouse will inherit. For childless couples, the surviving spouse is generally deemed to be the sole heir. Where there is no spouse or child, the inheritance generally passes to the deceased's parents (the ascendants) and brothers and sisters, and nephews and nieces (secondary heirs).</p> <div style="margin-top: 30px; display: block;"> <div style="width: 70px; float: left;"><img alt="" src="/documents/19605/71957/1_160x160_indiv-medernach_bdl-1.jpg/c30a0cab-2bc1-4c6d-b361-1d6c2fd21bc1?t=1488286980178" style="width: 70px; height: 70px;" /></div> <div style="padding-left: 100px;"> <p style="color: rgb(61, 71, 81);"><em>"The only inheritances that are exempt from death duties are those received by direct line and by the surviving spouse, whether or not there are children in common."</em></p> </div> </div> <p style="clear: both;">&nbsp;</p> <p>Exceptions can be made to these rules, especially through the creation of a will. In this case, you only have to comply with the statutory apportionments. Descendants (heirs with entitlement under Luxembourg law) must receive a certain proportion of their parents' inheritance. This is determined by law according to the number of children who are heirs. This statutory portion is shared equally between all the deceased's children.</p> <p>From a tax perspective, only the inheritance received under the provisions of the Civil Code by direct line and by the surviving spouse, whether or not there are children in common, is exempt from inheritance duties whereas all other cases are taxable in principle.</p> <p>&nbsp;</p> <h3>Handover of business assets vs family assets</h3> <p>From a legal point of view, the inheritance rules are identical, irrespective of whether business or family assets are concerned. However, tensions or even discord can emerge among the beneficiaries due to the nature of the object being handed over.</p> <div style="margin-top: 30px; display: block;"> <div style="width: 70px; float: left;"><img alt="" src="/documents/19605/71957/1_160x160_indiv-medernach_bdl-1.jpg/c30a0cab-2bc1-4c6d-b361-1d6c2fd21bc1?t=1488286980178" style="width: 70px; height: 70px;" /></div> <div style="padding-left: 100px;"> <p style="color: rgb(61, 71, 81);"><em>"Anticipating the handover and putting inheritance planning in place will help avoid some of the tensions between heirs."</em></p> </div> </div> <p><br /> <br /> It can often be easier to divide an estate composed of movable and immovable property into separate, fairly equal batches to make for easier distribution among the heirs. These heirs will then have the possibility of managing and disposing of the assets they inherit, individually and independently, without having to collaborate with the other heirs.</p> <p>On the other hand, a family business forming a solid unit is harder to divide up between the different heirs especially when – as is often the case – owners keep all their wealth, personal and business, within the family company. If all the assets are held in the business, it is not possible to compensate the heirs entitled to the statutory portion who will not benefit from acquiring the business.</p> <p>In this case, the heirs can all find themselves in the same boat, even if their personalities and aspirations are not necessarily heading for the same destination as the family business.</p> <p>Find out more about our <a href="https://www.banquedeluxembourg.com/bank/corporate/planification-transmission">inheritance planning services</a></p> <p>&nbsp;</p> <h3>Some inheritance planning options</h3> <p>Where a family business is concerned, business owners are always strongly advised – if circumstances allow, of course – to establish personal assets alongside their business assets. On death, it will then be much easier to reconcile the intentions of the deceased with the needs and aspirations of the heirs.</p> <div style="margin-top: 30px; display: block;"> <div style="width: 70px; float: left;"><img alt="" src="/documents/19605/71957/1_160x160_indiv-medernach_bdl-1.jpg/c30a0cab-2bc1-4c6d-b361-1d6c2fd21bc1?t=1488286980178" style="width: 70px; height: 70px;" /></div> <div style="padding-left: 100px;"> <p style="color: rgb(61, 71, 81);"><em>"Each case has to be analysed personally and individually."</em></p> </div> </div> <p><br /> <br /> <br /> Sometimes, this raises issues about valuing the family business or other assets in the family estate. To avoid any dispute on death, a "parental partition" can be made during the business owner's lifetime, in the form of an inter-vivos distribution or testamentary distribution. The values of the different assets are determined to avoid future disputes.</p> <p>Obviously each case has to be analysed personally and individually, depending on the nature of the asset transferred and in light of the needs and aspirations of the different protagonists.</p> <p>Find out more about our&nbsp;asset planning services</p> <p>&nbsp;</p> <p>Click&nbsp;<a href="http://paperjam.lu/dossier/2017/02/finance/#/page-137683" target="_blank"><u><font color="#0066cc">here</font></u></a>&nbsp;to read the full Paperjam article on inheritance planning.</p> <p>&nbsp;</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Transmission Transmission Planification Planification Blog blnews Blog blnews Blog privé Blog privé menu_prive menu_prive nl_bl_2018_04 nl_bl_2018_04 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/hommes-femmes-une-gestion-differente- Wealth management: do men and women have different needs? https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/hommes-femmes-une-gestion-differente- Fri, 11 May 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/homme-femmes-gestion-differente.jpg/2ac25377-c7a7-4ee9-9b1e-b657ec062ead?t=1546952970797"/><br/> Women & Wealth offers a range of services and initiatives designed specifically for women. Its purpose is to listen to your needs and offer personalised advice appropriate for each stage of your life as well as that of your family.<br/> <h3>What are women's key concerns?</h3> <p>Each new situation in life brings its own set of questions and needs in terms of finance and wealth management. It is usually at life's major milestones (a new job or a change in the family situation, such as marriage, children, divorce, second marriage, retirement, the death of a loved one and inheritance) that personalised support is required.</p> <p>This can range from structuring accounts or protecting children to building up wealth over the long term. One of the most common questions we deal with is how to prepare for retirement and maintain a certain standard of living. Indeed, women's career paths are more likely to be interrupted at some point due to parental leave or part-time work, and this is combined with the fact that, in many cases, they still earn less than men. They have less savings power but tend to live longer.</p> <h3>Do women have a different approach to money compared to that of men?</h3> <p>Women's needs are more or less the same as those of men, except that women place more emphasis on responsible and ethical investment. Women definitely take a long-term approach to investment, and protecting their children financially is one of their most frequent concerns. They therefore need to talk to someone who understands them, who can put themselves in their situation and whom they can trust.</p> <p>Women are less interested than men in products per se. They talk more readily about their situation and emotions and don't hesitate to confide information. What they are looking for first and foremost is daily support over the long term. But they also want to be taken seriously, understood and supported in their plans.</p> <h3>How does Banque de Luxembourg support women?</h3> <p>Over the years, our female clients have frequently asked us about family-related issues, savings and wealth management. The Women &amp; Wealth programme is therefore something that they need, but the goal is not to offer specific products. Our response focuses on providing information and sharing knowledge through talks, meetings and discussions with our experts, who can help them better understand what is going to happen and plan accordingly. Then we help them clarify their goals and analyse their wealth situation so that we can guide them towards the most appropriate solutions.</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/bank/corporate/programme-femmes-patrimoine"><span class="ico-plus">&nbsp;</span><span>Find out more about Women &amp; Wealth<!--</span--></span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Femmes & Patrimoine Femmes & Patrimoine Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_05 nl_bl_2018_05 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/le-reglement-general-pour-la-protection-des-donnees-rgpd-tout-savoir-en-4-points General Data Protection Regulation (GDPR): 4 things you need to know https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/le-reglement-general-pour-la-protection-des-donnees-rgpd-tout-savoir-en-4-points Fri, 18 May 2018 08:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/RGPD/ba44632f-4667-424c-b4b2-131a2f01622c?t=1546952969860"/><br/> The General Data Protection Regulation (GDPR) impacts all of us as citizens of the European Union. It comes into force on 25 May 2018 and aims to give people more control over their personal data.<br/> <h3>Why a new regulation?</h3> <p>We have all had to provide our email address, name and date of birth to partners or websites in order to create an account or receive information. These digital habits have led to the need to control how our personal data is managed, hence the General Data Protection Regulation (GDPR). Effective 25 May 2018, the collection, analysis, storage or transfer of personal data in Europe or for European residents will be governed by this new law. This affects not only client data, for example, but also the data of employees, service providers, partners, shareholders and so on.</p> <h3>What are the aims of GDPR?</h3> <p>The new European regulation will offer:</p> <ul> <li>greater transparency on how companies handle data</li> <li>a guarantee that the data will be used for legitimate purposes</li> <li>a guarantee of greater confidentiality of processed data</li> </ul> <h3>Who is affected by GDPR?</h3> <p>Any company – regardless of its size or economic sector – that collects, stores or processes the personal data of European Union residents and nationals is required to comply with the regulation. Government institutions, such as schools, are also affected. Every European citizen must be informed about the use of their data and give their consent to having their data processed, or be able to object to this.</p> <h3>What does this mean for Banque de Luxembourg?</h3> <p>Banque de Luxembourg places great importance on the protection of its customers’ personal data. This has been a fundamental part of our profession as a Private Bank ever since its inception almost 100 years ago. With the introduction of GDPR, we have therefore strengthened our privacy policy to include special emphasis on data protection.</p> <p>&nbsp;</p> <p><strong>Would you like more information about the impact of GDPR?</strong></p> <p class="only-lu only-de only-europe only-autres"><a href="https://cnpd.public.lu/fr/dossiers-thematiques/Reglement-general-sur-la-protection-des-donnees.html">Visit the CNPD website</a> (National Commission for Data Protection, Grand-Duchy of Luxembourg)</p> <p class="only-be"><a href="https://www.privacycommission.be/fr/reglement-general-sur-la-protection-des-donnees">Visit the APD website</a> (Data Protection Authority in Belgium)</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Le Luxembourg Le Luxembourg Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_05 nl_bl_2018_05 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque-au-mois-de-m-1 Events at the Bank https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque-au-mois-de-m-1 Wed, 23 May 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/5+m%C3%A9tiers+intro/49329b42-e4bd-4a2e-8554-547875b279bf?t=1546953065423"/><br/> We have always been committed to our role in society. We support our colleagues in their social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and the other countries in which we operate. We also continue to support actors in the healthcare, charity and cultural sectors by welcoming them to the Bank and inviting them to use our auditorium. Here&rsquo;s a list of upcoming events.<br/> <!--[if (gte mso 9)|(lte ie 8)]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="570"> <tr> <td align="center" valign="top"> <![endif]--> <table border="0" cellpadding="0" cellspacing="0" class="vb-row fullpad" style="border-collapse: separate;border-spacing: 0 9px;width: 100%;max-width: 570px;" width="570"> <tbody> <tr> <td align="center" class="mobile-row" style="font-size:0;border-top:solid 1px #d7dbde;" valign="top"> <div style="font-family: Helvetica, Arial, sans-serif;font-size: 28px; line-height: 28px; margin: 35px 0; padding:0; text-transform: uppercase; text-align: center; color: #333333; width: 100%; max-width: 570px;">Events at the Bank</div> <!--event--> <div class="event" style="border-top:solid 1px #d7dbde; border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:40px 0 10px 0; text-transform: uppercase; text-align: left; color: #111111;">BANQUE DE LUXEMBOURG “FINANCIAL MARKETS &amp; MANAGEMENT” CONFERENCE</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">Volatility returns to the equity markets: what’s the best investment strategy?</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/180500/newsletter_events_header-image-2018-04-02.jpg/69cf40cc-ef18-4cfc-925a-6ef032894371?t=1524052656237" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 20px 0;">Increased volatility on the financial markets, fears of inflationary pressures, trade tensions: what impact will they have on your investments?<br /> <br /> Our experts will shed some light on the current macroeconomic situation. They will explain the investment strategy adopted by Banque de Luxembourg and discuss their preferred assets.<br /> <br /> <span style="font-style: italic; color: #999999;">IN FRENCH</span></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">TUESDAY 29 MAY (18:30)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">The conference will be recorded and the video will be available on <a href="https://www.linkedin.com/company/banque-de-luxembourg/" style="color:#c1a57c;" target="_blank">Banque de Luxembourg’s LinkedIn page</a>.</span></div> </div> <!--.event--><!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:40px 0 10px 0; text-align: left; color: #333333;">BOOK LAUNCH OF<br /> “HISTOIRES DE FAMILLES” (FAMILY HISTORIES)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #111111;">ORGANISED BY MAISON MODERNE AND BANQUE DE LUXEMBOURG</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/183442/newsletter_events_header-image-2018-05-02.jpg/21c7a950-3892-4c7e-bd4b-22d3f4bfb4cb?t=1526567353990" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 20px 0;"><i>Histoires de familles</i>, a book retracing the history of ten Luxembourg family businesses, will be launched at a reception organised by Maison Moderne and Banque de Luxembourg.<br /> The testimonials reveal the compelling histories of these families and how they helped shape Luxembourg’s social and economic history.</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">TUESDAY 29 MAY (18:30), 31 RUE DE HOLLERICH</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">ORDER THE BOOK: <a href="mailto:guillaume.vanoutryve@maisonmoderne.com" style="color:#c1a57c;">guillaume.vanoutryve@maisonmoderne.com</a></span></div> </div> <!--.event--><!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:40px 0 10px 0; text-transform: uppercase; text-align: left; color: #111111;">MY TALENT ACADEMY</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">4 SEASONS ACADEMY<br /> CLOSING EVENT</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/183442/newsletter_events_header-image-2018-05-01.jpg/f2099e29-91ff-4ffa-8d3b-8908b8a7eb40?t=1526567354483" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 20px 0;">The Bank sponsors this innovative programme which encourages young people to discover more about themselves and take their lives into their own hands. The partnership is part of our commitment to support our clients – from their earliest age – through life’s major milestones.</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">THURSDAY 31 MAY (18:00)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">FIND OUT MORE ABOUT THIS PROGRAMME:<br /> <a href="mailto:valerie.blanco-polge@mytalentacademy.com" style="color:#c1a57c;" target="_blank">valerie.blanco-polge@mytalentacademy.com</a></span></div> </div> <!--.event--></td> </tr> </tbody> </table> <!--[if (gte mso 9)|(lte ie 8)]> </td> </tr> </table> <![endif]--> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque-au-mois-de-mai Events at the Bank in May https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque-au-mois-de-mai Fri, 20 Apr 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/5+m%C3%A9tiers+intro/49329b42-e4bd-4a2e-8554-547875b279bf?t=1546953065423"/><br/> We have always been committed to our role in society. We support our colleagues in their social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and the other countries in which we operate. We also continue to support actors in the healthcare, charity and cultural sectors by welcoming them to the Bank and inviting them to use our auditorium. Here’s a list of upcoming events.<br/> <!--[if (gte mso 9)|(lte ie 8)]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="570"> <tr> <td align="center" valign="top"> <![endif]--> <table border="0" cellpadding="0" cellspacing="0" class="vb-row fullpad" style="border-collapse: separate;border-spacing: 0 9px;width: 100%;max-width: 570px;" width="570"> <tbody> <tr> <td align="center" class="mobile-row" style="font-size:0;border-top:solid 1px #d7dbde;" valign="top"> <div style="font-family: Helvetica, Arial, sans-serif;font-size: 28px; line-height: 28px; margin: 35px 0; padding:0; text-transform: uppercase; text-align: center; color: #333333; width: 100%; max-width: 570px;">Events at the Bank</div> <!--event--> <div class="event" style="border-top:solid 1px #d7dbde; border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:40px 0 10px 0; text-transform: uppercase; text-align: left; color: #111111;">BANQUE DE LUXEMBOURG “FINANCIAL MARKETS &amp; MANAGEMENT” CONFERENCE</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">Volatility returns to the equity markets: what's the best investment strategy?</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/180500/newsletter_events_header-image-2018-04-02.jpg/69cf40cc-ef18-4cfc-925a-6ef032894371?t=1524052656237" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 20px 0;">Increased volatility on the financial markets, fears of inflationary pressures, trade tensions: what impact will they have on your investments?<br /> <br /> Our specialists will shed some light on the current macroeconomic situation. They will explain the investment strategy adopted by Banque de Luxembourg and discuss their preferred assets.<br /> <br /> <span style="font-style: italic; color: #999999;">IN FRENCH</span></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">TUESDAY 29 MAY (18:30)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">The conference will be recorded and the video will be available on <a href="https://www.linkedin.com/company/banque-de-luxembourg/" style="color:#c1a57c;" target="_blank">Banque de Luxembourg’s LinkedIn page.</a></span></div> </div> <!--.event--><!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:40px 0 10px 0; text-transform: uppercase; text-align: left; color: #111111;">BELGIAN EMBASSY</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">“PRELUDES TO HAPPINESS” CONCERT</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/180500/newsletter_events_header-image-2018-04-01.jpg/9f389518-bd8f-404d-b227-24acb9789fd7?t=1524052655693" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 20px 0;">Siegfried Idyll by Richard Wagner<br /> Lieder eines fahrenden Gesellen by Gustav Mahler<br /> Prélude à l'Après‐Midi d'un Faune by Claude Debussy<br /> <br /> This concert is a fundraiser for Belgium’s stand at the Bazar International.<br /> <br /> <span style="font-weight: bold;">TICKET PRICE 25 EUROS</span></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">FRIDAY 4 MAY (20:00)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">FIND OUT MORE OR BOOK:<br /> <a href="mailto:comitedustandbelge@gmail.com" style="color:#c1a57c;">comitedustandbelge@gmail.com</a></span></div> </div> <!--.event--><!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0; padding: 0 0 40px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:40px 0 10px 0; text-transform: uppercase; text-align: left; color: #111111;">IMD ALUMNI CLUB OF BELGIUM AND LUXEMBOURG</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">“LEADING OTHERS – WHAT CAN WE LEARN FROM CONDUCTORS”</div> <div style="margin: 0 0 20px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/180500/newsletter_events_header-image-2018-04-03.jpg/422de689-a3fb-46f7-93c5-a1b49303039b?t=1524052656420" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #999999; margin: 0 0 20px 0; font-style: italic; text-transform: uppercase;">in English</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 35px; margin:0; text-transform: uppercase; text-align: left; color: #111111;">WEDNESDAY 16 MAY (18:00)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; text-align: left; color: #111111; margin: 20px 0 0 0;"><span style="font-weight: bold;">FIND OUT MORE OR BOOK:<br /> <a href="https://bit.ly/2HcBH0s" style="color:#c1a57c;" target="_blank">https://bit.ly/2HcBH0s</a></span></div> </div> <!--.event--></td> </tr> </tbody> </table> <!--[if (gte mso 9)|(lte ie 8)]> </td> </tr> </table> <![endif]--> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque Events at the Bank in April https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-evenements-a-la-banque Mon, 26 Mar 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/intro.jpg/92bc6da1-4111-4e89-a8d1-3a9f3acbcc34?t=1546953071993"/><br/> We have always been committed to our role in society. We support our colleagues in their social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and the other countries in which we operate. We also continue to support actors in the healthcare, charity and cultural sectors by welcoming them to the Bank and inviting them to use our auditorium. Here’s a list of upcoming events.<br/> <!--[if (gte mso 9)|(lte ie 8)]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="570"> <tr> <td align="center" valign="top"> <![endif]--> <table border="0" cellpadding="0" cellspacing="0" class="vb-row fullpad" style="border-collapse: separate;border-spacing: 0 9px;width: 100%;max-width: 570px;" width="570"> <tbody> <tr> <td align="center" class="mobile-row" style="font-size:0;border-top:solid 1px #d7dbde;" valign="top"> <div style="font-family: Helvetica, Arial, sans-serif;font-size: 28px; line-height: 28px; margin: 35px 0; padding:0; text-transform: uppercase; text-align: center; color: #333333; width: 100%; max-width: 570px;">Events at the Bank</div> <div style="margin: 0 0 35px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/178054/newsletter_events_header-image-2018-03-01.jpg/4bb7982b-0278-473f-a044-5b8c98e911ed?t=1521725330807" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0 0 25px 0; padding: 0 0 25px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #111111;">Banque de Luxembourg conference</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">Shareholder foundations: companies working for the common good</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #666666; margin: 0 0 35px 0;">In the Nordic countries, shareholder foundations appeal to many family shareholders when it comes to passing on their business. In Luxembourg and elsewhere, they have the potential to attract a new generation of entrepreneurs who no longer feel comfortable with the outdated “for-profit/not-for-profit” dichotomy, and are seeking a mixture of the two.<br /> <br /> Over the course of the evening, we will be investigating this new path, where capitalism and the common good meet.<br /> <br /> <span style="font-style: italic; color: #999999;">IN FRENCH AND GERMAN (simultaneous interpretation)</span></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold; line-height: 20px; margin:0 0 5px 0; text-transform: uppercase; text-align: left; color: #111111;">MONDAY 16/04/2018 (18:00)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">Banque de Luxembourg auditorium</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-align: left; color: #111111; margin: 35px 0 25px 0;"><span style="font-weight: bold;">FIND OUT MORE:</span><br /> <a href="mailto:antoinette.colussi@bdl.lu" style="color: #111111;">antoinette.colussi@bdl.lu</a> or call +49&nbsp;924&nbsp;30&nbsp;62</div> </div> <!--.event--><!--event--> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0 0 25px 0; padding: 0 0 25px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #111111;">Association of liberal women conference</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">The journey taken by two committed women</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #999999;"><em>IN LUXEMBOURGISH</em></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 18px; margin:0 0 5px 0; text-transform: uppercase; text-align: left; color: #111111;">THURSDAY 29/03/2018 (18:30)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">Banque de Luxembourg auditorium</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">&nbsp;</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;"><a href="http://ffcel.lu/en/les-news/-le-parcours-de-deux-femmes-engagees" target="_blank"><strong><span style="font-size:14px;">FIND OUT MORE</span></strong></a></div> </div> <div style="margin: 0 0 35px 0; width: 100%; max-width: 570px;"><img height="260" src="https://www.banquedeluxembourgnews.com/documents/19605/178054/newsletter_events_header-image-2018-03-02.jpg/75b15d0b-bbf7-4376-8ec2-2b5ceae47a04?t=1521725331572" style="width: 100%; max-width: 570px; height:auto;" width="570" /></div> <div class="event" style="border-bottom: 1px solid #d7dbde; margin: 0 0 25px 0; padding: 0 0 25px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #111111;">ADA association (appui au développement autonome) round table</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">Sharing financial expertise in risk management: exchange between a coach and a coachee</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #999999;"><em>IN FRENCH</em></div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 18px; margin:0 0 5px 0; text-transform: uppercase; text-align: left; color: #111111;">WEDNESDAY 18/04/2018 (12:00)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">Banque de Luxembourg auditorium</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">&nbsp;</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;"><a href="http://www.ada-microfinance.org/fr/evenements/midis-microfinance" style="font-family: Helvetica, Arial, sans-serif; text-transform: uppercase;" target="_blank"><strong>FIND OUT MORE</strong></a></div> </div> <div class="event" style="margin: 0 0 25px 0; padding: 0 0 25px 0; width: 100%; max-width: 570px;"> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-transform: uppercase; text-align: left; color: #111111;">LUXEMBOURG CENTER FOR ARCHITECTURE conference <span style="text-transform: lowercase;">in partnership with:</span><br /> THE PORTUGUESE EMBASSY IN LUXEMBOURG AND<br /> THE PORTUGAL-LUXEMBOURG CHAMBER OF COMMERCE AND INDUSTRY</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold; line-height: 26px; margin:0 0 20px 0;text-align: left; color: #333333;">Recent works João&nbsp;Mendes&nbsp;Ribeiro</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0 0 20px 0; text-align: left; color: #999999;">IN PORTUGUESE&nbsp;(simultaneous interpretation)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 18px; margin:0 0 5px 0; text-transform: uppercase; text-align: left; color: #111111;">THURSDAY 19/04/2018 (18:30)</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">Free entry</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;">&nbsp;</div> <div style="font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin:0; text-transform: uppercase; text-align: left; color: #666666;"><a href="http://www.luca.lu/" style="font-family: Helvetica, Arial, sans-serif; text-transform: uppercase;" target="_blank"><strong>FIND OUT MORE</strong></a></div> <div style="margin: 25px 0 0 0; text-align:left;">&nbsp;</div> </div> <!--.event--></td> </tr> </tbody> </table> <!--[if (gte mso 9)|(lte ie 8)]> </td> </tr> </table> <![endif]--> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Corporate Corporate Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/il-n-est-jamais-trop-tard-pour-prendre-des-resolutions 5 resolutions for your wealth https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/il-n-est-jamais-trop-tard-pour-prendre-des-resolutions Tue, 30 Jan 2018 09:00:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/carr%C3%A9_r%C3%A9solutions/5b18adb8-ecec-429f-a930-63bff9e78f89?t=1546953036900"/><br/> It’s never too late for New Year’s resolutions! Whether it’s keeping fit, eating healthily or finding more ‘me-time’, personal resolutions never last long. But what about ‘wealth’ resolutions? What can we do to ensure a peaceful and prosperous 2018?<br/> <div class="adioma-embed-infographic" id="ai_5a6f28a495d10">&nbsp;</div> <script src="https://adioma.com/embed/5a6f28a495d10.js" async defer></script> <p>&nbsp;</p> <p>Making resolutions is easy, but sticking to them is another matter... and it’s easier with the right support. Let’s talk!</p> <p><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=62&amp;lang=en"><span>Contact an adviser</span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Investir Investir Blog blnews Blog blnews nl_bl_2018_02 nl_bl_2018_02 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-histoires-d-entreprises-histoires-du-pays Telling stories of families, businesses and Luxembourg https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-histoires-d-entreprises-histoires-du-pays Tue, 05 Jun 2018 10:31:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/histoires+de+familles_Paperjam.jpg/577029a7-161c-4b77-9fbf-8382996b0a3d?t=1546952966313"/><br/> Banque de Luxembourg is collaborating with Maison Moderne to publish a book that tells the story of ten families with one thing in common: they are all pioneers in a saga of entrepreneurship. By Thierry Raizer - Paperjam June 2018<br/> <p>It takes many short stories to build a saga. That’s the main message of a work dedicated to ten family businesses that have deep roots in Luxembourg’s economic landscape and in the country’s wider growth. Over several generations, Histoires de Familles traces the epic stories of business leaders whose family and professional lives are closely intertwined. According to Philippe Depoorter, a member of Banque de Luxembourg’s management committee, “For them, there is a deep connection between the family and the business. The family model is applied to the business.” This is the second time this subject has been addressed in a collaboration between the Bank and doctor of anthropology and comparative sociology Abdu Gnaba. This time, they focus on the testimonies of current business leaders who have agreed to share their stories and talk about their experiences, family values and company milestones. The work looks beyond material property to consider company spirit. “We wanted to give concrete form to an intangible factor: the company spirit. This spirit encompasses the company’s values and vision, its way of working and its original intention,” says Abdu Gnaba.</p> <h3>Luxembourgish pragmatism</h3> <p>Many of these companies have existed since the beginning of the last century, and some even date back to the 1800s. They represent different sectors, ranging from finance to food, services and transport. “I see a connection between this celebration of their stories and the work we have been doing for the last ten years on business handovers - an activity which deals with the past, the present and the future,” says Depoorter. “The main link between them is heritage, in this case their intangible heritage.” Although each story is different, they all share a “Luxembourgish” pragmatism in creating, growing and passing on their legacy. As Depoorter sees it, “The Luxembourg approach revealed in these stories is neither to simply undergo the process nor to anticipate it. It is to adapt and add value as each new situation arises, and thus keep moving forward.” Change may sometimes be forced by tragic events like wars or by market requirements.</p> <h3>The example of Ulysses</h3> <p>“In Europe’s highly regulated environment, these leaders stand out as courageous people. From an anthropological point of view, they face a fundamental fear in our civilisation: the unexpected,” says Gnaba, “And yet they leap in without having full control in advance, because they can accept that they might make mistakes. They seek the right way forward, guided by their own common sense and intuition. There is no doubt that their actions are driven by a deep and unshakeable self-confidence.” The anthropologist compares them to an adventurer, like Ulysses, “who doesn’t strive to win but simply to reach his destination. This means looking outside themselves to discover their own identity.” As well as showing how these businesses have sustained their growth while contending with repeated technological developments, the book reveals a drive that is not always obvious in our culture. “We must stop seeing Luxembourg as just a small country with insignificant tales to tell,” says Depoorter, “There are great stories in this country, which is built on its past and on the DNA of its residents.” Gnaba adds, “The culture may be seen as very rural and rather conservative, but there is a real dynamic force that is understated and often unseen.” Although the business founder remains an important and respected figure, the book’s creators warn younger generations against nostalgia. “They must exercise their right to be innovative, to reclaim the story and develop a solid basis in invention and reinvention,” insists Depoorter. In other words, they are invited to continue these stories by adding new chapters while retaining and building on the family’s achievements.</p> <p><strong>SOURCE: Paperjam June 2018 - by Thierry Raizer</strong></p> <p>&nbsp;</p> <p>&nbsp;</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Entrepreneurs Entrepreneurs Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/cartes-bancaires-quelques-reflexes-pour-des-vacances-sereines Credit card tips for a carefree holiday https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/cartes-bancaires-quelques-reflexes-pour-des-vacances-sereines Mon, 18 Jun 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/cartes-credit-1420x511.jpg/74dde878-3170-4655-ab58-8aaae3079d5b?t=1546953185623"/><br/> Now that the May holidays are over, it is time to get ready for your summer break. But what precautions should you take before you leave? Here are some tips to help you travel with peace of mind.<br/> <h3>Set a new, temporary monthly credit limit</h3> <p>The maximum monthly limit on your credit card is decided with your banking adviser when you first sign up for the card. However, it is possible to increase it on a temporary basis when you go on holiday. All you have to do is contact your banking adviser.</p> <h3>Find out about insurance linked to your card</h3> <p>Your credit card gives access to a range of insurance cover for different situations, depending on your card type. These may include cancellation or interruption of your trip, baggage delay or theft, travel assistance, flight delay, extension of your stay, excess cover on car hire, and more. To take advantage of these benefits, you must use your card to pay for your holiday. To avoid duplicate costs, before purchasing extra insurance from your travel agent, it is better to ask your banking adviser about the insurance and protection thresholds linked to your card.</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/en/bank/corporate/cartes-de-paiement" target="_blank"><span class="ico-plus">&nbsp;</span><span>Discover our range of credit cards<!--</span--></span></a></span></p> <h3>Act quickly if your card is lost or stolen</h3> <p>If, despite your precautions, your card is lost or stolen, you must block it immediately by calling: Six Payment Solutions on (+352) 49 10 10 (available 24/7). You must also report the loss or theft to the local police.</p> <h3>Read your account statements carefully</h3> <p>Check your account transactions regularly to make sure there are no unauthorised purchases. Use remote banking services to ensure that you have constant access to your accounts from any location. Whether you are at home, on holiday or on the move, you can always access your accounts and the financial information that you wish to follow. With the <b>BL Mobile Banking</b> app, your Bank is available 24/7 for all your everyday transactions.</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/mobile"><span class="ico-plus">&nbsp;</span><span>Would you like to use the BL Mobile Banking to manage your accounts? Follow the steps to download the app, or contact your adviser<!--</span--></span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Cartes de paiement Cartes de paiement Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/exposition-flux-feelings-au-ratskeller-du-17-mai-au-24-juin-2018 FLUX Feelings exhibition at the Ratskeller from 17 May to 24 June 2018 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/exposition-flux-feelings-au-ratskeller-du-17-mai-au-24-juin-2018 Fri, 25 May 2018 08:13:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Flux+feelings/86c7876f-331c-4fb7-8fd8-8c51a31d1b17?t=1546952969517"/><br/> Cercle Cit&eacute; Luxembourg is hosting the FLUX Feelings exhibition until 24 June 2018. All visitors welcome!<br/> <h3>What’s in a name?</h3> <p>FLUX Feelings is a continuation of the 2017 collaboration between the Lët’z Arles association and the Rencontres d’Arles photography festival. The exhibition’s title refers to an essential element of photography - ‘lux’ or light - while also containing a poetic expression of the concepts of light, movement and feeling, which guided the choice of artworks to be exhibited.</p> <p>A number of works from the Arlon exhibition have been specially selected for the Ratskeller venue. Different variations on unifying themes over time are presented through the artists’ personal interpretations and commissioned pieces which are now part of national collections.</p> <h3>A look at Luxembourg</h3> <p>The panorama is made up of photographs from different records and generations living in Luxembourg, as well as international artists who have taken an interest in the Grand Duchy’s natural and human landscape. The result is a diverse portrait that addresses questions of identity and the way in which Luxembourg is portrayed.</p> <h3>Artists from many backgrounds</h3> <p>The exhibition features works by numerous artists: Christian Aschman, Lewis Baltz, Bernd and Hilla Becher, Sven Becker, Valérie Belin, Laurianne Bixhain, Mike Bourscheid, Sébastien Cuvelier, Charles Fréger, Paul Gaffney, Patrick Galbats, Stephen Gill, Marco Godinho, Sophie Jung, Andrés Lejona, Michel Medinger, Martin Parr, Armand Quetsch, Pasha Rafiy, Romain Urhausen, Daniel Wagener and photographs from the Ville de Luxembourg/Photothèque collection.</p> <p><img alt="" src="/documents/19605/23701/Sven+Becker_flux+feelings/e238c80d-7087-4436-bf1d-e7ca80f9985f?t=1526971687387" /></p> <p><span style="font-size: 12px;">Photo: Sven Becker ©</span></p> <h3>Practical information</h3> <p>The exhibition is open at Cercle Cité Luxembourg every day from 11 am until 7 pm. Entrance is free.</p> <p>Guided tours of the exhibition are offered free of charge every Saturday at 3 pm.</p> <ul> <li>Saturday 19 May (FR)</li> <li>Saturday 26 May Family visit (FR/EN) • Saturday 2 June (EN)</li> <li>Saturday 9 June (LU)</li> <li>Saturday 16 June (EN)</li> <li>Saturday 23 June (FR)</li> </ul> <p>&nbsp;</p> <p>For more details, visit: <a href="http://www.cerclecite.lu">www.cerclecite.lu&nbsp;</a>&nbsp;and &nbsp;<a href="http://www.letzarles.lu">www.letzarles.lu</a></p> <p>&nbsp;</p> <h3>Partnership with Lët’z Arles</h3> <p>Banque de Luxembourg continues to play an active role in the life of its home city. We support many initiatives in different fields, particularly in the world of artistic creation.</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/en/bank/corporate/values-and-commitment"><span class="ico-plus">&nbsp;</span><span>Find out about our commitment to playing our part in society. <!--</span--></span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Engagement Engagement Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-famille-ernster Business family stories: the Ernster family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-famille-ernster Fri, 08 Jun 2018 11:48:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Portrait+Ernster/5f7af83c-34ee-43f9-ad5a-609e987f60ca?t=1546952964377"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Ernster family</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=2&amp;hl=en_EN&amp;rel=0" width="560"></iframe></div> &nbsp; <p><em>“Rue du Fossé. The address hasn’t changed since we opened, more than 125 years ago. Although you may not pay it much attention, the first thing you see when you open the door is the central staircase that connects the five floors of the city-centre bookshop. It has witnessed team meetings at its foot. It has heard many conversations: happy, heated, frivolous and strategic. Two generations of Ernsters have raced up its steps, two at a time."</em></p> <h3>Histoire de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="https://eshop.maisonmoderne.lu/">https://eshop.maisonmoderne.lu/</a></p> <p>172 pages, 49 euros</p> <h3>Find out more</h3> <p><a href="https://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">https://www.banquedeluxembourgnews.com/en/bank/blnews/-/histoires-de-familles</a><br /> &nbsp;</p> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_07 nl_bl_2018_07 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-hentg-1 Business family stories: the Weber-Heinisch family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-hentg-1 Wed, 18 Jul 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Weber.jpg/38820cc3-c737-4f3b-8b92-6fadd950bb2b?t=1546952927390"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Weber-Heinisch family, Voyages Emile Weber</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=6&amp;hl=fr_FR&amp;rel=0" width="560"></iframe></div> <p><br /> <em>“We were just like any other family in the village until, one day, one of my ancestors came up with a new idea. Seeing that more and more people wanted or needed to travel, he bought a coach and offered to drive villagers to their destination. It was an instant success.”</em></p> <h3><br /> Histoires de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="http://www.eshop.maisonmoderne.com">eshop.maisonmoderne.com</a></p> <p>&nbsp;</p> <h3>More information</h3> <p><a href="http://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">Discover how the book came about</a><br /> &nbsp;</p> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 <p>&nbsp;</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-muller Business family stories: the Muller family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-muller Fri, 29 Jun 2018 00:30:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Muller/9ac41aaf-7ad2-44b6-92cb-363e85681911?t=1546952962860"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Muller family, Moulins de Kleinbettingen, Panelux, Fischer Bakeries</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=3&amp;hl=en_EN&amp;rel=0" width="560"></iframe></div> &nbsp; <p><em>“It’s 7 a.m. and, like every morning, delicious pastries are being arranged behind the glass counter at the Fischer bakery. Baskets are filled with golden croissants, still-warm <i>pains au chocolat</i> and clusters of crusty baguettes. A gentle aroma of fresh coffee greets the early-bird customers. Meanwhile, at the back of the shop, sandwiches are being prepared for lunch. When Philippe Bacchus, an ancestor of the Muller family, bought a millstone and milling rights in Luxembourg in 1704, little did he know that he had just begun the first chapter of a story that continues to this day – a story of a millstone that turned into a mill and flour that turned into bread.”</em></p> <h3>Histoire de familles</h3> A joint publication by Banque de Luxembourg and Maison Moderne.&nbsp;Available in bookshops and online at <a href="https://eshop.maisonmoderne.lu/">https://eshop.maisonmoderne.lu/</a> <h3>Find out more</h3> <p>Read our article about the <a href="https://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">stories of families</a>, businesses and Luxembourg<br /> &nbsp;</p> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_08 nl_bl_2018_08 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-argent-se-conjugue-t-il-au-feminin- L'argent se conjugue-t-il au féminin ? https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-argent-se-conjugue-t-il-au-feminin- Tue, 10 Apr 2018 08:52:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/argent+au+f%C3%A9minin/c7dc2895-ff92-48f9-9556-f1cc6526478f?t=1546952970360"/><br/> Il n’est pas si loin le temps où la femme devait se soumettre à l’autorisation du père puis du conjoint pour disposer d’argent, y compris de « son » argent. Longtemps, ce fût une « affaire d’hommes », uniques pourvoyeurs économiques et responsables du patrimoine familial, quand les femmes devaient se contenter de tenir les cordons de la bourse.<br/> <h3>Avoir et gérer "son" argent&nbsp;</h3> <p>Avoir et gérer son argent a constitué une revendication majeure des femmes du 20e siècle. Une émancipation féminine, manière aussi de s’approprier l’idéal démocratique d’égalité. En s’affranchissant de la tutelle, de la dépendance, voire de la domination masculine, elles ont marqué leur envie de s’accomplir dans une relation aux hommes plus équilibrée. Aujourd'hui, cet idéal d’autonomie ne résiste pas toujours à l’influence du passé.</p> <p>Ainsi, même en ayant fait des études supérieures, en menant de brillantes carrières, les femmes se refusent encore trop souvent à gérer le patrimoine familial. Cela reste une fonction « genrée », dévolue aux hommes. Leur rapport à l’argent reste lié à leur rôle social : avant tout axé vers les autres, les enfants ou le collectif, dans un souci de prévoyance et de responsabilité envers autrui.</p> <p>Même si le pouvoir économique des femmes dans le monde ne cesse de croître, les inégalités salariales et le fameux plafond de verre, ou même le partage encore difficile des responsabilités au sein du foyer et les aléas de la vie, fragilisent davantage les femmes. Ces facteurs influent naturellement sur leur approche et leurs attentes en matière de gestion de leurs finances personnelles. Elles sont sensibles à donner un sens à leur argent. Leurs attentes en matière de gestion patrimoniale rejoignent toujours un projet de vie, même si leurs besoins diffèrent selon les moments de vie qu'elles traversent.</p> <p><span style="font-size: 12px;"><em>BIBLIOGRAPHIE : </em></span><span style="font-size: 12px;"><em>Laurence Bachmann, De l’argent à soi. Les préoccupations sociales des femmes à travers leur rapport à l’argent, Rennes, Presses universitaires de Rennes, 2009, 239 p.</em></span></p> <h3>Une expertise en gestion patrimoniale</h3> <p>La Banque de Luxembourg dispose d’une expertise de près de 40 ans dans la gestion de portefeuille pour conseiller chaque client, chaque cliente, en fonction de sa situation personnelle. Nos conseillers Femmes &amp; Patrimoine vous accompagnent sur l’ensemble de vos projets financiers et patrimoniaux. Attentifs à vos aspirations et respectueux de votre vie privée, nos conseillers sont à votre écoute et contribuent à trouver des solutions adaptées à votre situation personnelle. Vous vous sentez plus à l’aise avec un conseiller ou une conseillère ? Vous avez la possibilité de choisir qui sera votre interlocuteur privilégié.</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/bank/corporate/programme-femmes-patrimoine"><span class="ico-plus">&nbsp;</span><span>Pour en savoir plus sur Femmes &amp; Patrimoine<!--</span--></span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Femmes & Patrimoine Femmes & Patrimoine Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/gestion-de-patrimoine-soyez-sereins-nous-restons-vigilants Wealth management: enjoy peace of mind, we are keeping a watchful eye https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/gestion-de-patrimoine-soyez-sereins-nous-restons-vigilants Mon, 09 Jul 2018 07:30:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Femme_transat/e6d748d9-aa92-4aaf-b0f9-3b523c324f6e?t=1546952963517"/><br/> Entrusting the management of your assets to a specialist not only allows you to benefit from a proven and responsible investment strategy, but it also frees you from having to manage your portfolio on a daily basis. You can make your plans with confidence and peace of mind.<br/> <p>Danielle Goedert, Head of Private Banking for the Luxembourg market at Banque de Luxembourg, explains.</p> <h3>How have clients’ attitudes to wealth management changed?</h3> <p>In recent years, we have noticed that clients want something more than traditional asset management. Their requirements have become more complex and often have an international dimension. Clients want their banker to take a holistic approach to the management of their assets that is tailored to their own plans and those of their family. They want advice on asset management, financial and property investments, retirement and succession planning.</p> <h3>Does your holistic approach to asset management also include support for the next generation?</h3> <p>At the family's request, we can help the next generation prepare and learn more about the impacts of succession, and to see the opportunities and understand the responsibilities. We offer support to young people to help them appreciate the value of money, reputation and good practice in financial management. This helps them to prepare calmly for that stage of life with peace of mind and make decisions that are really in line with their aspirations.</p> <h3>What steps do you take to ensure effective wealth management?</h3> <p>It is essential to clearly define the needs of each of our clients – to listen to their story. What are their objectives and investment horizon? What are their short-term and medium-term goals? How sensitive are they to market fluctuations and what is their risk tolerance? Do they want to manage their savings themselves or would they prefer to entrust the management of their assets to us?</p> <h3>What are the best solutions for the current climate?</h3> <p>The world has become increasingly complex: financial instability, a proliferation of regulatory changes etc. Managing your assets is a daily task. Our business is to protect and enhance the value of our clients’ assets for the long term. They put their trust in us, in the knowledge that their assets are in the hands of an expert. Like us, our clients are pragmatic and look for <a href="https://www.banquedeluxembourg.com/fr/bank/corporate/solutions-d-investissement">reliable, sustainable and transparent solutions</a>.</p> <p>In this ever-changing environment, we have seen growing interest in our portfolio management mandates whereby our clients entrust the management of their assets to us. For many of our clients, this is the simplest way to access our expertise and benefit from active and diversified management. Devoting time to our clients is essential, and saving them time, providing simple solutions and helping them to carry out their plans with complete confidence are just as important.</p> <p><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/management/index.html" target="blank"><span>Read more about the benefits of entrusting us with the management of your assets</span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Solution de gestion Solution de gestion Blog blnews Blog blnews Blog privé Blog privé menu_prive menu_prive nl_bl_2018_07_une nl_bl_2018_07_une https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/conferenz-o-zapft-is-ihr-vermogen-im-fokus Podiumsdiskussion: O’Zapft is - Ihr Vermögen im Fokus https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/conferenz-o-zapft-is-ihr-vermogen-im-fokus Tue, 11 Sep 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/conferenz-vermogen-im-fokus2/1f3bb363-3e1c-45b4-af43-2c9dd2c46fa5?t=1546952921593"/><br/> O’Zapft is – Ihr Vermögen im Fokus. Die etwas andere Podiumsdiskussion mit den Experten der Banque de Luxembourg.<br/> <h3>Unsere Themen</h3> <p>Finanzmarktkonferenzen und Experten gibt es viele, wir betreiben unser Metier auf eine andere Art und Weise: Mit Expertise und Transparenz versuchen wir Vermögen ganzheitlich in den Fokus zu stellen. Das Risiko eines Handelskrieges, Inflationsängste, die aufkommende Volatilität, der Standort Luxemburg und welche Rolle spielen individuelle Lebensumstände oder auch das familiäre Umfeld bei Investitionsentscheidungen – wir stehen Ihnen Frage und Antwort.</p> <p>&nbsp;</p> <h3>Moderation</h3> <div style="display:block;margin-top: 30px;"> <div style="width: 200px; float: left;"><img alt="" src="/documents/19605/43117/Beatte-Hoffbauer-Carre.jpg/41c9c835-267e-4c94-8946-aebbaf16138e?t=1536666437570" style="width: 150px; height: 154px;" /></div> <div style="padding-left: 200px;"> <p style="color: #3d4751; font-family: font-size: 15px;"><strong>Beate Hoffbauer</strong><br /> <em>Moderatorin und Wirtschafts-Redakteurin</em></p> </div> </div> <div><span style="font-size: 15px;">Finanz- und Wirtschaftsmärkte, tiefgründige Podiumsdiskussionen und kritisches Hinterfragen sind ihre Spezialität. Der aus dem Fernsehen bekannte und erfahrene Medienprofi, moderierte 19 Jahre News und Wirtschaft bei Sat1 und n-tv, ist heute als Eventmoderatorin und Medientrainerin tätig.</span></div> <p style="clear: both;">&nbsp;</p> <h3>Podiumsteilnehmer</h3> <div style="display:block;margin-top: 30px;"> <div style="width: 200px; float: left;"><img alt="" src="/documents/19605/43117/Guy-Wagner-Carre.jpg/bc33fd44-7efb-45c1-9437-7b76dd634645?t=1536666425189" style="width: 150px; height: 154px;" /></div> <div style="padding-left: 200px;"> <p style="color: #3d4751; font-family: font-size: 15px;"><strong>Guy Wagner</strong><br /> <em>Chief Investment Officer</em></p> </div> </div> <div><span style="font-size: 15px;">Guy Wagner ist seit 1986 bei der Banque de Luxembourg tätig und verantwortet heute ein Team von Analysten und Fondsmanagern. Er selbst verwaltet zahlreiche Fonds als Managing Director von Banque de Luxembourg Investments.</span></div> <p style="clear: both;">&nbsp;</p> <div style="display:block;margin-top: 30px;"> <div style="width: 200px; float: left;"><img alt="" src="/documents/19605/43117/Claude-Medernach-Carre.jpg/f6a82d72-aef6-4898-9952-176f09261c01?t=1536666432890" style="width: 150px; height: 154px;" /></div> <div style="padding-left: 200px;"> <p style="color: #3d4751; font-family: font-size: 15px;"><strong>Claude Medernach</strong><br /> <em>Legal Counsel Family Office</em></p> </div> </div> <div><span style="font-size: 15px;">Claude Medernach verfügt über mehr als 20 Jahre Berufserfahrung als Rechtsanwältin in den Bereichen Private Banking und Private Wealth. Bei der Banque de Luxembourg ist sie Expertin für Family Office Services, Vermögensstrukturierung und die Nachfolgeplanung für Privatkunden.</span></div> <p style="clear: both;">&nbsp;</p> <div style="display:block;margin-top: 30px;"> <div style="width: 200px; float: left;"><img alt="" src="/documents/19605/43117/Theo-Demmeler-Carre.jpg/16ec7086-9ff7-41f6-8dd5-ea00ec691b9d?t=1536666429473" style="width: 150px; height: 154px;" /></div> <div style="padding-left: 200px;"> <p style="color: #3d4751; font-family: font-size: 15px;"><strong>Theo Demmeler</strong><br /> <em>Head of Private Banking Germany</em></p> </div> </div> <div><span style="font-size: 15px;">Theo Demmeler ist seit 1987 im Private Banking der Banque de Luxembourg tätig und verantwortet mit seinen Beratungsteams die Betreuung der deutschen Kundschaft.</span></div> <p style="clear: both;">&nbsp;</p> <h3 style="text-align: center;">Bei Fragen zu dieser Veranstaltung,</h3> <p style="text-align: center;">kontaktieren Sie bitte:<br /> Frau Lisa Hettinger<br /> E-Mail: <a href="mailto:lisa.hettinger@bdl.lu">lisa.hettinger@bdl.lu</a><br /> Tel: (+352) 49 924 4663</p> <p style="text-align: center;"><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/event/tegernsee"><span>Anmeldung</span></a></span></p> <h3 style="font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; text-align: center;">Programm</h3> <p style="text-align: center;">Abendveranstaltung am 25. oder am 26. September 2018</p> <p style="text-align: center;"><strong>18:30 Uhr</strong>&nbsp;Empfang<br /> <strong>19:00 Uhr</strong>&nbsp;Beginn der Podiumsdiskussion<br /> <strong>20:30 Uhr&nbsp;</strong>Schmankerl aus der Region</p> <h3 style="text-align: center;">Veranstaltungsort</h3> <p style="text-align: center;"><strong>Gebirgsschützenhütte am Tegernsee<br /> Valepper Str. 57<br /> 83700 Rottach-Egern</strong><br /> <br /> <em>Waldparkplatz in unmittelbarer Nähe</em></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Marchés Marchés https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/business-family-stories-the-clasen-family Business family stories: the Clasen family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/business-family-stories-the-clasen-family Wed, 05 Sep 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/clasen-1420x511.jpg/b2aa0f10-c00e-4215-9d30-59558662cf8c?t=1546952924030"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Clasen family, Bernard-Massard</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=7&amp;hl=en_US&amp;rel=0" width="560"></iframe></div> <p style="text-align:center;"><i>(video in French)</i></p> <p><br /> <em>“The scent of grapes wafts through the air, and rows of big, closely-stacked oak barrels form a maze of pathways. Twists and turns that invite you to get lost as you wander, like father and son Hubert and Antoine Clasen, who manage the Bernard-Massard cellars. This family story reaches back over five generations. But then, creating wines is a matter of time. It is only over time that a wine proves itself and earns its pedigree. The vine has its years of plenty and its less bountiful times. The weather also plays its role... For anyone who loves to talk about wine, time is always part of the conversation.”</em></p> <h3>Histoires de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="https://eshop.maisonmoderne.lu/collections/catalog-catalogues/products/histoires-de-familles-10-familles-d-entrepreneurs-dressent-un-portrait-original-du-luxembourg">eshop.maisonmoderne.com</a></p> <h3>More information</h3> <p><a href="https://www.banquedeluxembourgnews.com/en/bank/blnews/-/histoires-de-familles">Discover how the book came about</a><br /> &nbsp;</p> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 <p>&nbsp;</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-ehlinger- Business family stories: The Ehlinger family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-ehlinger- Thu, 13 Sep 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/ehlinger-1420x511.jpg/e3f66fcc-1ac1-43a5-9ecd-727bcec3c772?t=1546952923610"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles (in French).</p> <h3>The Ehlinger family, Groupe Schuler</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=8&amp;hl=en_US&amp;rel=0" width="560"></iframe></div> <p style="text-align:center;"><i>(video in French)</i></p> <p>&nbsp;</p> <em>“The story of a family is often the story of the rise of an economy, the growth and transformation of a country. This is certainly true of the Ehlingers, a family whose spirit of entrepreneurship and intuition would guide its members through the great adventure of the 20th century. This was the century when, from working the land, a family embarked on a new path, selling first coal and then domestic fuel before forging a new business in goods transportation. A century when dreams and ambitions were interrupted by wars, after which everything had to be rebuilt. A century that would be revolutionised by oil, which would completely redefine the economy again. A century in which a family with land in its DNA would start a new venture in real estate.”</em> <h3>Histoires de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="https://eshop.maisonmoderne.lu/collections/catalog-catalogues/products/histoires-de-familles-10-familles-d-entrepreneurs-dressent-un-portrait-original-du-luxembourg">eshop.maisonmoderne.com</a></p> <h3>More information</h3> <p>Pour découvrir la genèse de cet ouvrage, <a href="https://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">poursuivez votre lecture</a></p> <br /> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/familles-recomposees-pour-une-transmission-de-patrimoine-reussie Blended families: planning a smooth handover https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/familles-recomposees-pour-une-transmission-de-patrimoine-reussie Thu, 06 Sep 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/familles_recompos%C3%A9es/3b8672e9-aaed-432b-b258-aa10301505da?t=1546952961547"/><br/> There is no set pattern for blended families. There are as many questions as there are situations, and they call for tailored answers. This means that particular care is needed when approaching issues related to wealth management and, in particular, inheritance.<br/> <h3>New family structures</h3> <p>As family structures evolve, and large families give way to single-parent and blended families, their needs are also changing. There has been a shift in families’ relationships with money and in how wealth is perceived, used and passed on. Naturally, these trends also have implications for wealth management.</p> <h3>Increasing complexity</h3> <p>Every handover situation is different. This is even more true in blended families. It is important to take the time to plan calmly for handing over real estate or business assets. Individually tailored estate planning, which takes into consideration the concerns and plans of donors, is highly recommended. It is vital to identify all the factors that families will have to take into account, and to consider their impact on the way in which assets will be shared between the couple and across generations. If parents wish to protect the children of a first marriage and/or their new spouse, precautions must to be taken.</p> <h3>Personalised wealth management support</h3> <p>Banque de Luxembourg offers its clients long-term wealth management support to help them deal with life’s ups and downs. Peggy Damgé, Private Banking Adviser, explains, “<em>Our approach is based on listening, discretion and the ability to understand the full picture in any financial situation. We specialise in finding the right solution for each individual situation. We help our clients to deal with unexpected changes by providing personalised answers to the specific questions they ask: How will my marriage contract affect the distribution of my wealth if I remarry? If I die, how can I provide better protection for my spouse? Can I leave my entire estate to the children of my first marriage? Do the children of my first and second marriages have different inheritance rights?</em>”</p> <p><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/en/bank/corporate/wealth-planning" target="blank"><span>Find out how we can help you plan a smooth handover</span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Transmission Transmission Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_09 nl_bl_2018_09 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-hentgen Business family stories: the Hentgen family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-hentgen Wed, 04 Jul 2018 15:30:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Hentgen/d03ce65e-6ddb-4268-a9df-02a7897efa80?t=1546952962547"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Hentgen family, La Luxembourgeoise</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=4&amp;hl=en_US&amp;rel=0" width="560"></iframe></div> &nbsp; <p><em>“In 1918 and 1945, after the stock market crash of 1987, in the immediate aftermath of 9/11... each time the world encounters a tragic event, rebuilding and learning to cope with new risks become a necessity. This was one of the reasons for the formation of the first national insurance company, La Luxembourgeoise, in 1920. A government initiative, its purpose was to re-stimulate the country, which had been devastated by the First World War. Among the founders of the fledgling company, one name would stand out: Hentgen. Since then, Aloyse, Robert and Pit, representing three generations of the same family, have been overseeing the destiny of La Luxembourgeoise and its Luxembourger clients...</em></p> <h3>Histoire de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="http://www.eshop.maisonmoderne.com">eshop.maisonmoderne.com</a></p> <h3>Find out more</h3> <a href="https://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">Discover how the book came about</a>.<br /> <br /> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_09 nl_bl_2018_09 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-prochains-evenements-a-la-banque Events at the bank - October 2018 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-prochains-evenements-a-la-banque Wed, 26 Sep 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/conference.jpg/07d8e8cd-b859-4a16-86ea-3c52183ec12d?t=1546953114560"/><br/> We have always been committed to our role in society. We support our colleagues in their social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and the other countries in which we operate. We also continue to support actors in the healthcare, charity and cultural sectors by welcoming them to the Bank and inviting them to use our auditorium. Here&rsquo;s a list of upcoming events.<br/> <!--[if (gte mso 9)|(lte ie 8)]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="570"> <tr> <td align="center" valign="top"> <![endif]--> <table border="0" cellpadding="0" cellspacing="0" class="vb-row fullpad" style="width: 100%; border-collapse: separate; max-width: 570px; border-spacing: 0 9px;" width="570"> <tbody> <tr> <td align="center" class="mobile-row" style="font-size: 0px; border-top-color: rgb(215, 219, 222); border-top-width: 1px; border-top-style: solid;" valign="top"> <div style="margin: 35px 0px; padding: 0px; width: 100%; text-align: center; color: rgb(51, 51, 51); text-transform: uppercase; line-height: 28px; font-family: Helvetica, Arial, sans-serif; font-size: 28px; max-width: 570px;">Events at the Bank</div> <!--event--> <div class="event" style="margin: 0px; padding: 0px 0px 40px; width: 100%; border-top-color: rgb(215, 219, 222); border-bottom-color: rgb(215, 219, 222); border-top-width: 1px; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; max-width: 570px;"> <div style="margin: 40px 0px 10px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">ADA CONFERENCE</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(51, 51, 51); line-height: 26px; font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold;">Inclusive finance versus terrorism: compliance, anti-money laundering and development</div> <div style="margin: 0px 0px 20px; width: 100%; max-width: 570px;"><img alt="" height="260" src="/documents/19605/43117/Midi+Microfinance+EN/41151986-812a-42ef-a370-d2b965794be2?t=1538030517206" style="width: 100%; height: auto; max-width: 570px;" width="570" /></div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(102, 102, 102); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Recent events have increased the necessity for anti-money laundering and combating terrorist financing (AML/CFT) measures to be taken globally. Thus, all financial providers of any kind are now subject to compliance regulations and obligations vis-à-vis their clients, in order to prevent and detect any misconduct.<br /> <br /> How do these measures impact microfinance institutions on the ground? How to reconcile these highly technical measures with access to financial services for the poorest, a means to promote development and as such peace in the Sahelian regions? What role can and should Luxembourg play as the world’s leader in microfinance investment funds?<br /> <br /> <span style="color: rgb(153, 153, 153); font-style: italic;">IN FRENCH</span></div> <div style="margin: 0px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 35px; font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold;">WEDNESDAY, 10&nbsp;OCTOBER (12<span style="text-transform:lowercase;">pm</span>)</div> <div style="margin: 20px 0px 0px; text-align: left; color: rgb(17, 17, 17); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">The conference will be available on <a href="https://www.linkedin.com/company/banque-de-luxembourg/" style="color: rgb(193, 165, 124);" target="_blank">Banque de&nbsp;Luxembourg’s LinkedIn page.</a></span></div> <div style="margin: 20px 0px 0px; text-align: left; color: rgb(17, 17, 17); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">SIGN UP HERE:<br /> <a href="https://www.ada-microfinance.org/en/events/midis-microfinance" style="color: rgb(193, 165, 124);">45th Midi de la Microfinance</a></span></div> </div> <!--.event--><!--event--> <div class="event" style="margin: 0px; padding: 0px 0px 40px; width: 100%; border-bottom-color: rgb(215, 219, 222); border-bottom-width: 1px; border-bottom-style: solid; max-width: 570px;"> <div style="margin: 40px 0px 10px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">LA FEMME CONTEMPORAINE</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(51, 51, 51); line-height: 26px; font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold;">Gut microbiota:<br /> our second brain</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(102, 102, 102); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Talk by Sylvie Rouen-van&nbsp;Beek<br /> Consultant in Microbiology<br /> and Food Sciences<br /> <br /> <span style="color: rgb(153, 153, 153); font-style: italic;">IN FRENCH</span></div> <div style="margin: 0px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 35px; font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold;">THURSDAY, 11&nbsp;OCTOBER (8<span style="text-transform:lowercase;">pm</span>)</div> <div style="margin: 20px 0px 0px; text-align: left; color: rgb(17, 17, 17); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">SIGN UP:<br /> <a href="mailto:lfc@lafemmecontemporaine.lu" style="color: rgb(193, 165, 124);">lfc@lafemmecontemporaine.lu</a></span></div> </div> <!--.event--></td> </tr> </tbody> </table> <!--[if (gte mso 9)|(lte ie 8)]> </td> </tr> </table> <![endif]--> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Evenement Evenement Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/sens-dessus-dessous-soiree-great-talks-avec-anne-claire-coudray-et-chantal-thomass-jeudi-17-octobre-a-l-ecole-vauban Women in Business evening with Anne-Claire Coudray and Chantal Thomass https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/sens-dessus-dessous-soiree-great-talks-avec-anne-claire-coudray-et-chantal-thomass-jeudi-17-octobre-a-l-ecole-vauban Mon, 01 Oct 2018 16:19:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/wib+2018+v2/c99deac6-649c-4d79-84c8-af9666716fb5?t=1546952919670"/><br/> As part of its Great Talks series, Women In Business is organising an evening event featuring fashion designer Chantal Thomass and renowned journalist Anne-Claire Coudray. You are invited to attend this inspiring meeting on Wednesday 17 October at Vauban Ecole et Lycée Français de Luxembourg.<br/> <h3>WIB: a network of business women</h3> <p>Banque de Luxembourg is a partner of the Women in Business (WIB) association and supports its founders, who have set themselves an ambitious target: to develop a network of business women, managers and influencers from all sectors, with the aim of sharing expertise and inspiration and exploring opportunities for collaboration.&nbsp;</p> <h3>Bringing together two influential women</h3> <p>Under the theme <b>“Upside down: a business woman’s career with a difference!”</b>, this Great Talks evening will shine a spotlight on two influential women with exciting careers.</p> <p><a href="http://www.womeninbusiness.lu/women-in-business-great-talks/" target="_blank"><img alt="" src="/documents/19605/43117/Invitation+Great+Talks+2018/d9a73423-b3bb-43d2-a2bb-6cdf27e19afb?t=1538406956650" /></a></p> <p>Distinguished journalist <strong>Anne-Claire Coudray</strong> will interview <strong>Chantal Thomass</strong>, fashion designer and founder of the eponymous lingerie brand, who is also famous for the timeless fringe that has become her signature look.</p> <p>&nbsp;</p> <p style="text-align: center;"><strong>Wednesday 17 October, 6.30 pm,<br /> at Vauban École et Lycée Français de Luxembourg</strong></p> <p>&nbsp;</p> <p>Ticket price: 100 euros, to be donated in full to the <a href="http://www.toutes-a-l-ecole.org/" target="_blank">TOUTES À L’ÉCOLE LUXEMBOURG</a> association*</p> <p>This event is open to everyone.</p> <p><span class="bl-btn"><a href="http://www.womeninbusiness.lu/women-in-business-great-talks/" target="_blank"><span>Register</span></a></span></p> <h3>Programme</h3> <p>6.30 pm: Welcome</p> <p>7.00 pm: Opening address by Marie-Jeanne Chèvremont-Lorenzini</p> <p>7.15 pm: Anne-Claire Coudray interviews Chantal Thomass</p> <p>8.00 pm: Speech by Tina Kieffer, founder of Toutes à l’École</p> <p>8.15 pm: Audience question and answer session</p> <p>8.30 pm: Drinks and dinner</p> <p>&nbsp;</p> <p style="font-size: 9px;">*As this is a charity event, we are unable to offer a refund in the event of non-attendance.</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Femmes & Patrimoine Femmes & Patrimoine Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-grosbuch Business family stories: the Grosbusch family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-grosbuch Thu, 11 Oct 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/grosbusch-1420x511.jpg/58d019d8-e55d-4f70-b94d-2c64ba301fae?t=1546952923187"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles (in French).</p> <h3>The Grosbusch family</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;hl=fr_FR&amp;v=6EXDRTh7NjY&amp;index=10" width="560"></iframe></div> <p style="text-align:center;"><i>(video in French)</i></p> <p>&nbsp;</p> <p><em>“A green cabbage leaf, a carrot, a leek, an onion, a chunk of turnip and a sprinkle of parsley... It won’t be long before the kitchen is filled with the aroma of stew. This culinary treat, known to every Luxembourg family, is inseparable from the Grosbusch family name. In their little grocery store where it all began, or at their market stall, gastronomy takes off on a virtual trip around the world. From exotic, faraway countries with their delightful kiwi fruits to the fragrant orange groves of Italy, it’s a firework display of mouth-watering colours. A true masterpiece - a celebration of fruit and vegetables - which this passionate family has been serving up for a century.”</em></p> <h3>Histoires de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="https://eshop.maisonmoderne.lu/collections/catalog-catalogues/products/histoires-de-familles-10-familles-d-entrepreneurs-dressent-un-portrait-original-du-luxembourg">eshop.maisonmoderne.com</a></p> <h3>More information</h3> <p><a href="https://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">Discover how the book came about</a></p> <br /> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Advisor<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-lentz Business family stories: The Lentz family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-lentz Tue, 10 Jul 2018 15:04:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Portrait+Lentz+2/740b0a0d-beb6-4b14-b290-27948a8803dc?t=1546952927920"/><br/> Banque de Luxembourg and Maison Moderne have published a book telling the stories of ten family businesses in Luxembourg.<br/> <p>The stories show how the country’s history has influenced the development of the businesses, as well as illustrating how these companies, and many others, have left their mark on the life and evolution of the Grand Duchy. Each one of these families has contributed its own page to the story of Luxembourg. Click below to discover their video profiles.</p> <h3>The Lentz family, Brasserie Nationale</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=5&amp;hl=fr_FR&amp;rel=0" width="560"></iframe></div> &nbsp; <p><em>“As blonde as the malt from which it is brewed, its bubbles leap to the top of the glass before bursting to form a cool, light froth. On the sun-kissed terraces of Place de Paris or at the end of the family kitchen table, whether it’s called Bofferding or Battin, its distinctive flavour has earned it the status of ‘national drink’. Its taste and history date back to the 18th century - an era when this little blonde from Luxembourg was already carving out a niche next to its Belgian and German neighbours. Today, the Lentz family continues to preserve the Grand Duchy’s brewing history through its beer production.”</em></p> <p>&nbsp;</p> <h3>Histoire de familles</h3> <p>A joint publication by Banque de Luxembourg and Maison Moderne.<br /> Available in bookshops and online at <a href="http://www.eshop.maisonmoderne.com">eshop.maisonmoderne.com</a></p> <p>&nbsp;</p> <h3>Find out more</h3> <p><a href="http://www.banquedeluxembourgnews.com/fr/bank/blnews/-/histoires-de-familles">Discover how the book came about</a><br /> &nbsp;</p> <strong><img alt="" src="/documents/19605/71957/Giallombardo+Laura/a791394a-ec4f-436c-bb2e-f42a4cfefd0c?t=1531150822417" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 <p>&nbsp;</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_10 nl_bl_2018_10 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/banque-de-luxembourg-key-figures-for-2018 Banque de Luxembourg: key figures for 2017 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/banque-de-luxembourg-key-figures-for-2018 Mon, 14 May 2018 10:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/overview2018-1420x511.jpg/23c0fb0e-b712-4974-a389-bbfa337bd27c?t=1546952971827"/><br/> Banque de Luxembourg has announced its financial results for the year ended 31 December 2017. Learn more in the online version of Overview, our traditional presentation brochure that also describes who we are and reviews our highlights in 2017.<br/> <h3>Solvency ratio confirms our solidity</h3> <p>At 31 December 2017,&nbsp;our <strong>capital</strong> was <strong>EUR 986 million</strong>, <strong>up almost 3%</strong> from the previous year. The Common Equity Tier 1 <strong>solvency ratio</strong> of <strong>27.5%, considerably above the regulatory requirements,</strong> reflects the Bank’s strong position.</p> <h3>Client numbers are growing</h3> <p>New clients continued to join Banque de Luxembourg throughout the year, attracted by our approach to our profession and our expertise, transparency and attention.</p> <p><strong>Assets under management</strong> reached a record level in 2017: <strong>EUR 73.7 billion</strong>, <strong>up 8%</strong> from the previous year.</p> <p>In 2017 we also continued to help our clients finance their personal projects. <strong>Loans to clients</strong> stood at <strong>EUR 2.7 billion</strong>.</p> <p>The Bank closed its 2017 financial year with <strong>net profit of EUR 63 million</strong>, little change from 2016, in a general context still characterised by historically low interest rates. We also strengthened our teams to better serve our clients, advance the Bank’s digital projects and ensure that we remain compliant with regulations.</p> <h3>Overview in 2018</h3> <ul> <li>Introduction by Pierre Ahlborn, Administrateur délégué</li> <li>Mission and values</li> <li>Key figures in 2017</li> <li>Valued employees</li> <li>Five areas of expertise and their 2017 highlights</li> <li>Governance and shareholder structure</li> <li>Societal engagement and long-standing partnerships</li> </ul> <p><a href="https://readymag.com/banquedeluxembourg/overview2018-en/" target="_blank"><img alt="" src="/documents/19605/43117/Overview2018+EN.jpg/86ea64ce-150a-4c85-a8d4-27e1fc8e270e?t=1527085856582" /></a></p> <p>The full version of Overview is available in electronic format as a pdf or can be viewed directly online. Hard copies are available from your adviser or in our reception areas.</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Corporate Corporate Blog blnews Blog blnews Blog privé Blog privé menu_prive menu_prive nl_bl_2018_05_une nl_bl_2018_05_une overview overview https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/-c-est-dans-la-relation-que-se-cree-la-valeur- “We create value through relationships” https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/-c-est-dans-la-relation-que-se-cree-la-valeur- Tue, 06 Nov 2018 12:09:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/DanielleGoedert-1420x511.jpg/78e7df9e-f66e-4774-ae4e-92d818c5f8fa?t=1546953308420"/><br/> At Banque de Luxembourg, our clients’ needs are the driving force behind our business and our service offering. Danielle Goedert, Head of Private Banking for the Luxembourg market, shares her views in a special Paperjam.lu dossier dedicated to private banking.<br/> <p>Today’s private banking services offer comprehensive wealth management to wealthier clients with more complex, and often international, requirements.</p> <div class="video-container"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/ointIP8b3mM" width="560"></iframe></div> <p>Banque de Luxembourg has always designed its business around its clients’ requirements. Danielle Goedert, the Bank’s Head of Private Banking for the Luxembourg market explains, “In our profession, we bring value through the long-term relationships we maintain with each individual client. This is part of our DNA. Each time we introduce a new service, the aim is to provide better support for those who have placed their trust in us, and to ensure that we continually meet their evolving needs.”</p> <h3>Wealthier clients, complex requirements</h3> <p>In the few years since banking secrecy rules were relaxed, our client base has changed considerably. “The number of clients may be lower, but the total amount of assets under management continues to grow,” explains Danielle Goedert. “Our business has developed to suit wealthier clients with more complex demands. They often have an international base, with family members in different countries.</p> <p>Their wealth is made up of a wide variety of assets. To meet their needs, we have developed new services as an extension of our private banking expertise. Our family office services support our clients in every aspect of wealth management.”</p> <h3>Consolidated management</h3> <p>“Our goal is to develop close relationships with our clients, getting to know them well so that we can coordinate the management of their wealth and provide the best solutions for their various needs and the challenges they face. For example, as part of our family office services, we can offer consolidation of a wide diversity of asset types and locations. We assist our clients with inheritance and wealth planning as well as advising them on the tax and legal implications of their plans.”</p> <h3>Supporting families</h3> <p>Banque de Luxembourg has also developed extensive expertise in the area of philanthropy. “This is relevant to clients who do not have an heir, as well as those who would like to strengthen their family values across generations through a shared philanthropic project,” says Goedert. “We help clients with every stage of their philanthropic projects, from defining the right structure, completing administrative procedures and managing assets to ongoing project administration and follow-up.”</p> <p>In the same vein, Banque de Luxembourg helps entrepreneurs and their families to prepare for the handover of their business. For example, we work with members of the upcoming generation to identify their wishes and help them to find their role in the business.</p> <p>To cater for clients who are seeking alternative investments, Banque de Luxembourg offers exclusive access to private equity investments. We have established two funds dedicated to this asset class and we are preparing to launch a third.</p> <h3>Combining the right skills</h3> <p>Over the years, the range of skills within our Bank has continued to grow. Investments are proficiently managed by an adviser and, if needed, a dedicated chief investment officer, and they can call on the combined support of tax experts, legal specialists and estate planners. “The challenge is to be able to leverage the right skills and implement tailored solutions. Our support is designed for the long term, so that clients can completely entrust their private banking to us.”</p> <h3>Digital tools for optimal follow-up</h3> <p>Banque de Luxembourg also meets the demands of a younger, more international, mobile and connected generation. “The way of interacting with our clients has also changed dramatically. We are investing heavily in new communication channels. For example, all our advisers are now equipped with tablets.”</p> <p>These tools add a new dynamic to client support. “They enable better understanding of the client’s needs as well as helping us to provide clearer explanations on topics such as the performance of their portfolio.” Nevertheless, Goedert emphasises that the adviser remains essential to the relationship. “Digital cannot replace human contact in the profession as we see it. A trusting interpersonal relationship is still the primary aspiration for private banking clients. We must use all the communication channels available today to create and foster this relationship, allowing interaction at any time, from any location. Technology enables better follow-up to ensure client satisfaction.”</p> <p><a href="http://paperjam.lu/dossiers-digitaux/place-financiere/private-banking" target="_blank">Read the Paperjam.lu dossier dedicated to private banking (in French)</a></p> <p><span class="bl-btn"><a href="https://www.banquedeluxembourg.com/BLPortlets-portlet/webform/webform.xhtml?idFormulaire=62&amp;lang=en"><span>Would you like to know more about our private banking services? Contact an adviser</span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Corporate Corporate Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_11 nl_bl_2018_11 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-banque-de-luxembourg-partenaire-des-amis-des-muse-1 Partners in promoting Luxembourg https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-banque-de-luxembourg-partenaire-des-amis-des-muse-1 Fri, 19 Oct 2018 11:09:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Amis+Des+Mus%C3%A9es.png/b269e684-3012-441f-9ac6-64257f7b9f1f?t=1547216384237"/><br/> Banque de Luxembourg is a partner of the Amis des Musées association, whose mission is to help promote Luxembourg's art and history museums in the Grand Duchy and abroad. The partnership demonstrates the active role that the Bank plays in its home city.<br/> <h3>A tradition of cultural sponsorship</h3> <p>As a partner of the Mudam modern art museum since its inception and an active supporter of the Philharmonie concert hall and its foundation, Ecouter Pour Mieux s’Entendre (EME), Banque de Luxembourg has always been committed to bringing culture to as many people as possible. Through Amis des Musées, the Bank supports not just one but six museums: Mudam, Casino Luxembourg - Forum d’art contemporain, Lëtzebuerg City Museum, Musée Dräi Eechelen, the National Museum of History and Art (MNHA) and Villa Vauban.</p> <h3>40 years of passion</h3> <p>For 40 years, the “Amis” have been helping to promote Luxembourg museums both at home and abroad, enriching their collections and contributing to the vibrancy of the cultural scene in general. Almost 2000 members already enjoy free VIP access to museums and related events, including exhibition openings, exclusive guided tours by museum directors, curators and artists, and international trips. The “Amis” are also philanthropists in their own right; they have enhanced the museums’ collections with more than 200 personal art donations.</p> <h3>Continuing the momentum</h3> <p>The 40th anniversary of the “Amis”, celebrated at the end of 2017, was an opportunity for the association’s leaders to reflect on their mission and the association's future. It was also marked by the launch of several new communication and programming initiatives as well as the new “Petits Amis des Musées” and “Young Friends of Museums” groups, whose shared goal is to bring the association closer to the general public living in or hailing from the Greater Luxembourg Region.</p> As a key partner of the Amis des Musées, the Bank has also contributed to these efforts by helping to produce a book entitled “Histoires d’une Passion”, a collection of testimonials from museum directors, curators, collectors, experts and members, who each unveil their own special relationship with art. The Bank has also produced a film promoting the association’s activities (in French). <p>&nbsp;</p> <div class="video-container"> <p><iframe frameborder="0" height="405" src="https://player.vimeo.com/video/232648546" width="720"></iframe></p> <p>&nbsp;</p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/en/bank/corporate/valeurs-et-engagements"><span class="ico-plus">&nbsp;</span><span>Find out more about corporate social responsibility at Banque de Luxembourg</span></a></span></p> </div> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Philanthropie Philanthropie Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_10 nl_bl_2018_10 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-giorgetti- Business family stories: portrait of the Giorgetti family https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/histoires-de-familles-portrait-de-la-famille-giorgetti- Fri, 02 Nov 2018 10:51:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Famille+Giorgetti.jpg/c55fa5ef-147b-44b9-84f9-485a35ee0fd1?t=1547216380013"/><br/> Banque de Luxembourg and the publishing house Maison Moderne have produced a book tracing the history of ten entrepreneurial families in Luxembourg.<br/> <p>Reading these stories shows how much the history of the country has influenced the course of these businesses, and how they, in their turn and along with many others, have shaped the life and evolution of the Grand Duchy. We have produced a short video (in French) about each of these families which have made their own unique contribution to a page of Luxembourg history.</p> <h3>The Giorgetti family</h3> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/videoseries?list=PL6kWjOArsJjmBYqGhKqK5Ugn6gzQYLX4D&amp;index=9&amp;hl=fr_FR&amp;rel=0" width="560"></iframe></div> <p style="text-align:center;"><i>(video in French)</i></p> <p>&nbsp;</p> <p><em>“It’s the Summer holidays and Paul and his brother Marc are visiting the Giorgetti building site: flanked by cranes, a smell of plaster hangs in the air, and there is a constant hum of lorries relentlessly delivering heavy loads of construction materials. It’s a fascinating spectacle for the two boys. Before long, dozens of houses will emerge from this excavated ground. And as every homebuilder knows: to construct excellent buildings, you need solid foundations. There's an obvious parallel with family and education but it’s nonetheless valid and embodied by the two brothers. Having come from Italy at the end of the 19th century, this entrepreneurial construction family has gone on to shape a significant part of the Luxembourg architectural landscape.”</em></p> <h3>Histoires de familles</h3> <p>Co-published by Banque de Luxembourg and Maison Moderne.<br /> <span style="font-size: 15px;">Available from bookshops and online at&nbsp;</span><a href="https://eshop.maisonmoderne.lu/collections/catalog-catalogues/products/histoires-de-familles-10-familles-d-entrepreneurs-dressent-un-portrait-original-du-luxembourg" style="font-size: 15px;">eshop.maisonmoderne.com</a></p> <h3>Find out more</h3> <p>To read more about the idea behind the book, <a href="https://www.banquedeluxembourgnews.com/en/bank/blnews/-/histoires-de-familles">click here</a></p> <br /> <strong><img alt="" src="/documents/10184/222360/Laura+Giallombardo400x400.jpg/260ede3b-2b34-4f3f-910e-246de4afe17b?t=1544016960200" style="width: 100px; height: 100px; margin-right: 10px; margin-left: 10px; float: left;" />Laura Giallombardo</strong><br /> Next Gen Adviser<br /> <a href="mailto:laura.giallombardo@bdl.lu">laura.giallombardo@bdl.lu</a><br /> Tel: (+352) 499 24 3974 MASQUER:BE MASQUER:BE Luxembourg Luxembourg Familles Familles Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-prochains-evenements-a-la-banque-novembre-2018 Upcoming events at the Bank - November 2018 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/les-prochains-evenements-a-la-banque-novembre-2018 Thu, 25 Oct 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/image+event2.jpg/e755121b-2c78-4e5d-ade1-2588bb9f9212?t=1547216382973"/><br/> We have always been committed to our role in society. We support our colleagues in their social and cultural initiatives, and contribute to the development of philanthropy, social entrepreneurship and impact investing in Luxembourg and the other countries in which we operate. We also continue to support key players in the healthcare, charity and cultural sectors by welcoming them to the Bank and inviting them to use our auditorium. You are welcome to attend the following upcoming events which will be held in our Auditorium at 14 Boulevard Royal and are open to the public.<br/> <!--[if (gte mso 9)|(lte ie 8)]> <table align="center" border="0" cellspacing="0" cellpadding="0" width="570"> <tr> <td align="center" valign="top"> <![endif]--> <table border="0" cellpadding="0" cellspacing="0" class="vb-row fullpad" style="width: 100%; border-collapse: separate; max-width: 570px; border-spacing: 0 9px;" width="570"> <tbody> <tr> <td align="center" class="mobile-row" style="font-size: 0px; border-top-color: rgb(215, 219, 222); border-top-width: 1px; border-top-style: solid;" valign="top"> <div style="margin: 35px 0px; padding: 0px; width: 100%; text-align: center; color: rgb(51, 51, 51); text-transform: uppercase; line-height: 28px; font-family: Helvetica, Arial, sans-serif; font-size: 28px; max-width: 570px;">Events at the Bank</div> <!--event--> <div style="margin: 0px 0px 20px; width: 100%; max-width: 570px;"><img src="/documents/19605/43117/newsletter_events_header-image-2018-10-01.jpg/153055ee-b1ab-4a06-bff9-daabf0c9f55b?t=1539866451693" style="width: 100%; max-width: 570px;" /></div> <div class="event" style="margin: 0px; padding: 40px 0px; width: 100%; border-top-color: rgb(215, 219, 222); border-bottom-color: rgb(215, 219, 222); border-top-width: 1px; border-bottom-width: 1px; border-top-style: solid; border-bottom-style: solid; max-width: 570px;"> <div style="margin: 0px 0px 10px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">TEDx PARIS CONFERENCE</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(51, 51, 51); line-height: 26px; font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold;">Live streaming of the TEDx Paris conference<br /> The theme of this, its 10<sup>th</sup> annual conference, is: “the unknown”</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(102, 102, 102); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Imagine a world without any surprises, without uncertainty, where everything is pre-determined, a world in which there is no place for adventure.<br /> <br /> At a time when new technologies are proliferating, when scientific progress is accelerating in all areas, when thousands of entrepreneurs are tapping into new seams of the economy... What do we know about our galaxies? About our brains? About our oceans? About the dark web? About love? About ourselves?<br /> <br /> To find out more, join us on 6 November.<br /> <br /> <span style="color: rgb(153, 153, 153); font-style: italic;">IN FRENCH</span></div> <div style="margin: 0px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 35px; font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold;">TUESDAY 6 November (7 pm)</div> <div style="margin: 20px 0px 0px; text-align: left; color: rgb(17, 17, 17); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">TO FIND OUT MORE OR BOOK: <a href="mailto:valerie.blanco-polge@tedxparis.com" style="color: rgb(193, 165, 124);" target="_blank">valerie.blanco-polge@tedxparis.com</a></span></div> </div> <!--.event--><!--event--> <div class="event" style="margin: 0px; padding: 0px 0px 40px; width: 100%; border-bottom-color: rgb(215, 219, 222); border-bottom-width: 1px; border-bottom-style: solid; max-width: 570px;"> <div style="margin: 40px 0px 10px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">WOMEN OF EUROPE ASSOCIATION</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(51, 51, 51); line-height: 26px; font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold;">ORGANZA CONCERT GROUP<br /> <span style="font-size: 16px; font-weight: normal;">(zither, flute, piano)</span></div> <div style="margin: 20px 0px; text-align: left; color: rgb(102, 102, 102); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">TICKET PRICE: 30 EUROS</span></div> <div style="margin: 0px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 35px; font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold;">FRIDAY 9 November (8 pm)</div> <div style="margin: 20px 0px; text-align: left; color: rgb(102, 102, 102); line-height: 14px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">The Bank will host a reception after the concert.</div> </div> <!--.event--><!--event--> <div class="event" style="margin: 0px; padding: 0px 0px 40px; width: 100%; border-bottom-color: rgb(215, 219, 222); border-bottom-width: 1px; border-bottom-style: solid; max-width: 570px;"> <div style="margin: 40px 0px 10px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">LIFE PROJECT 4 YOUTH</div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(51, 51, 51); line-height: 26px; font-family: Helvetica, Arial, sans-serif; font-size: 24px; font-weight: bold;">CONFERENCE: “WHO ARE THE EXCLUDED YOUTH IN LUXEMBOURG?”</div> <div style="margin: 0px 0px 20px; width: 100%; max-width: 570px;"><img src="/documents/19605/43117/newsletter_events_header-image-2018-10-02.jpg/320551b3-ec24-47b7-a632-fc73f314b338?t=1539866452594" style="width: 100%; max-width: 570px;" /></div> <div style="margin: 0px 0px 20px; text-align: left; color: rgb(102, 102, 102); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">The Life Project 4 Youth Luxembourg is organising a series of round-table discussions called “Agora 4 Youth”. The first, entitled “Qui sont les jeunes exclus à Luxembourg - et au-delà ?" (Who are the excluded youth in Luxembourg – and elsewhere?) will be held in the Auditorium at Banque de Luxembourg.<br /> <br /> <span style="color: rgb(153, 153, 153); font-style: italic;">IN FRENCH</span></div> <div style="margin: 0px; text-align: left; color: rgb(17, 17, 17); text-transform: uppercase; line-height: 35px; font-family: Helvetica, Arial, sans-serif; font-size: 22px; font-weight: bold;">THURSDAY 22 November (6.30 pm)</div> <div style="margin: 20px 0px 0px; text-align: left; color: rgb(17, 17, 17); line-height: 18px; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><span style="font-weight: bold;">TO FIND OUT MORE OR BOOK:<br /> <a href="http://bit.ly/2RrdAMQ" style="color: rgb(193, 165, 124);" target="_blank">http://bit.ly/2RrdAMQ</a></span></div> </div> <!--.event--></td> </tr> </tbody> </table> <!--[if (gte mso 9)|(lte ie 8)]> </td> </tr> </table> <![endif]--> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Engagement Engagement Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-immobilier-locatif-a-luxembourg-en-8-points Buy-to-let in Luxembourg – 8 key points https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/l-immobilier-locatif-a-luxembourg-en-8-points Tue, 14 Feb 2017 09:00:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/immobilier/655fe723-da3e-439e-b659-e9a6d46b5d10?t=1546953120840"/><br/> Investing in a property in Luxembourg as a buy-to-let can be an alternative solution for diversifying your savings and generating supplementary income. But what are the key points you need to know before launching into this type of project?<br/> <contenu> <h3>What you need to know:</h3> <ol> <li>The <a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-etat-des-lieux-2-sur-6-">Luxembourg market continues to be buoyant and dynamic</a>.</li> <li>The aim of a buy-to-let investment needs to be clearly defined in terms of expectations for regular income, a capital gain, tax optimisation, speculation, diversification or structuring family wealth.</li> <li>The position of the property is critical to ensuring regular income over the long term.</li> <li>There are certain advantages to buying new although the <a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-impact-fiscal-3-sur-6-">tax impacts may be more limited now that the VAT rate has been increased to 17%</a>.</li> <li>It is also important to <a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-sous-quelle-forme-juridique-investir-4-sur-6-">decide whether to buy in your own name or through an SCI (<i>Société Civile Immobilière</i>) company.</a></li> <li>The project's <a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-plan-de-financement-5-sur-6-">financing plan </a>will depend on each investor's own financial position. This needs to be securely underpinned to ensure adequate resources and appropriate objectives.</li> <li>Generally, the investor's personal contribution is around 30% of the property's value. It is also possible to finance 100% of a property purchase using your investment portfolio as collateral.</li> <li>Rent alone cannot be relied on to service the mortgage repayment. The investor must ensure he or she has sufficient additional revenues, e.g. from an investment portfolio.</li> </ol> <p>&nbsp;</p> <p>Read previous articles on buy-to-let property investments in Luxembourg:&nbsp;</p> <ul> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-impact-fiscal-3-sur-6-">Tax position</a>&nbsp;</li> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-etat-des-lieux-2-sur-6-">Market situation</a></li> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-immobilier-locatif-a-la-cote">Buy-to-let is in demand</a></li> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-vue-croisee-d-experts">Experts air their views</a></li> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-sous-quelle-forme-juridique-investir-4-sur-6-">What's the best investment format?</a></li> <li><a href="https://www.banquedeluxembourgnews.com/bank/blnews/-/l-investissement-residentiel-locatif-a-luxembourg-quel-plan-de-financement-5-sur-6-">Which financing plan?</a></li> </ul> <p>&nbsp;</p> <p>See future publications about investing in property on the blog.&nbsp;</p> </contenu> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Financement Financement Blog blnews Blog blnews Blog privé Blog privé page_financement page_financement https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/venez-celebrer-les-10-ans-de-la-fondation-eme-les-8-et-9-fevrier-2019 Join us in celebrating the 10th anniversary of the EME Foundation on 8 and 9 February 2019 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/venez-celebrer-les-10-ans-de-la-fondation-eme-les-8-et-9-fevrier-2019 Fri, 18 Jan 2019 11:28:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/Fondation+EME/8e2e2ed9-a24e-4694-a38a-442b7d891051?t=1548773098077"/><br/> Banque de Luxembourg has been a partner and founder member of the EME Foundation (Ecouter pour Mieux s’Entendre – Listen, so as to understand each other better) from the outset. The Foundation will be celebrating its 10th birthday on 8 and 9 February. Join us for a charity concert and Family Day.<br/> <h3>What is EME?</h3> <p>The EME Foundation was founded in 2009 by the Philharmonie with the aim of developing music as therapy. The idea is to bring music to people in places where they don’t usually have the opportunity to hear music, such as hospitals, retirement homes and hospices, immigration centres, prisons, and to the eldery who are living alone etc. EME's activities focus on four groups of people: seniors, those who are sick, the disabled and the socially disadvantaged. Its private “<i>Musek schenken</i>” concerts are given by professional and amateur musicians, all on a charitable basis.</p> <h3>10th birthday party!</h3> <p>2019 marks ten years since the creation of the EME Foundation. The celebrations will run over two days and you are warmly invited to join in.</p> <ul> <li>Find out more about the EME Foundation at <a href="http://www.fondation-eme.lu/en/">www.fondation-eme.lu</a></li> <li><a href="http://www.fondation-eme.lu/media/content/2019/EMEFamilyDay/Depliant_EME_Family_Day_WEB.pdf">View the programme</a>&nbsp;for the 10th birthday party</li> <li>To buy tickets for the charity concert, go to: <a href="https://www.philharmonie.lu/en/programm/concert-de-bienfaisance-10-ans-fondation-eme/1926">www.philharmonie.lu</a></li> </ul> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Engagement Engagement Blog blnews Blog blnews Blog privé Blog privé nl_bl_2019_01 nl_bl_2019_01 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-banque-de-luxembourg-remporte-un-challenge-du-hackathon-game-of-code Banque de Luxembourg wins the Game of Code hackathon challenge! https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/la-banque-de-luxembourg-remporte-un-challenge-du-hackathon-game-of-code Wed, 13 Mar 2019 11:19:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/67501/Game+of+code/38300fac-c4d6-47f8-8011-fea3276959dd?t=1552659344913"/><br/> Team Error402, comprising four young developers from Banque de Luxembourg, has won the open source challenge at the fourth edition of the Game of Code hackathon, which the Bank entered for the first time.<br/> <p>The Game of Code hackathon is a 24-hour coding challenge organised by Farvest, Docler Holding, Digital Luxembourg, the National Library of Luxembourg, SES Satellites and GovSat. More than 150 developers and designers from Luxembourg were pitted against each other during the challenge held on 8 and 9 March to prove they were among the best developers in the country.</p> <h2>Victory at the first entry</h2> <p>This was the first time Banque de Luxembourg had entered the Game of Code with its "Error 402” team, composed of four talented young developers: Felix Hemmerling,&nbsp;Anthony Onfray, Antoine Diliberto and Nicolas Galmiche.</p> <p>The team won the open source challenge devised by Digital Luxembourg and the National Library of Luxembourg that involved taking raw data available on the open data portal and building new applications or tools aimed at exploring, understanding, analysing or enriching historical events.</p> <p>The research tool designed by the team and singled out by the panel of judges is called LibQuery. It is a machine learning tool that conducts historical research in a fun, user-friendly way.</p> <p>Many congratulations to our team for their fantastic performance and we wish them all the best for their next coding challenge!</p> <p>&nbsp;</p> <p><strong>Find out more at <a href="http://www.gameofcode.eu/">Game of Code</a></strong></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/10-years-of-eme-foundation 10 years of EME Foundation https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/10-years-of-eme-foundation Tue, 29 Jan 2019 08:45:00 +0100 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/EMEBL_Actu.jpg/9760d97b-483f-4b1a-af7c-72c3e6ca4b4c?t=1551434525170"/><br/> The EME Foundation (Ecouter pour Mieux s’Entendre – Listening to understand each other better) is celebrating its 10th birthday this year. Ten years devoted to bringing music to people who don’t usually have the opportunity to hear it and, in so doing, contribute to creating a fairer society. Pictures of the Charity Concert and Family Day.<br/> <h2>What is the EME Foundation?</h2> <p>Created at the initiative of the Philharmonie Luxembourg, the Foundation offers a range of programmes for a variety of audiences, including children and adults with disabilities or impaired mobility, the elderly, people who are socially disadvantaged or find themselves in difficult situations, and those who are marginalised or isolated.</p> <p><img alt="" src="/documents/19605/43117/EME+1/6b1eca0a-906e-46d7-9c59-05963f02b63f?t=1551427322787" /></p> <p><img alt="" src="/documents/19605/43117/EME1.jpg/f6017391-eb51-46ba-bb81-a0d966c393a5?t=1550241431836" /></p> <h2>A humanist culture</h2> <p>Banque de Luxembourg has been a partner and founder member of the EME Foundation since its inception in 2009. As a bank rooted in society, we have always cultivated a “humanist” mindset, that of a business that is aware of its responsibilities (especially in the countries which are the springboard for our development).</p> <p style="text-align:center;"><img alt="" src="/documents/19605/43117/EME+2/3c7014e9-e7d9-4fe4-abaf-17dc5b17b522?t=1551427343422" style="font-size: 15px; width: 50%; margin-left:auto; margin-right:auto;" /></p> <p style="text-align:center;"><br /> Our long-term commitment is expressed via our social partnerships, through the provision of financial resources, employee volunteers and professional skills. In this vein, several dozen volunteers from our bank generously participated throughout the weekend to welcome guests and visitors. We are proud to be able to continue supporting the EME Foundation and its wonderful initiatives.</p> <p style="text-align:center;"><img alt="" src="/documents/19605/43117/EME+3/048253a4-e06c-4650-8ef8-8b70ee4ac374?t=1551427370266" /></p> <form action="our-responsible-investing-approach" method="get"><button class="btn style3 arrow">Find out more about our engagement as a socially responsible business</button></form> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Engagement Engagement Blog blnews Blog blnews Blog privé Blog privé nl_bl_2019_02 nl_bl_2019_02 https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/carte-bancaire-quelles-limites-et-assurances-pour-vos-vacances- Bank card: what are the credit limits and insurance when you&apos;re on holiday? https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/carte-bancaire-quelles-limites-et-assurances-pour-vos-vacances- Tue, 11 Jul 2017 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/carte-voyage-1420x511.jpg/9e34a641-7147-4d01-9351-5b4fb38bc09c?t=1546953088407"/><br/> With summer holidays fast approaching, it&apos;s time to make travel preparations. What is the monthly credit limit for your card? Can it be temporarily changed? What travel insurance does your payment card provide, including trip cancellation and delayed or lost luggage? What should you do if it is lost or stolen?<br/> <h3>Temporarily changing the monthly credit limit</h3> <p>The monthly limit for your credit card is usually decided with your client relationship manager when you sign up for the card. However, it can be temporarily changed up or down, which may be useful when you go on holiday. This can be done by contacting your client relationship manager on (+352) 49 924-1.</p> <h3>What insurance does your card provide?</h3> <p>Most people don't know all the details of the cover offered by their payment card. To benefit from them, you must inform your card provider in advance of your trip. Your travel insurance cover, assistance and reimbursement amounts depend on the type of card you have. To avoid duplication with the insurance offered by travel operators, it is wise to find out what insurance is provided by your card.</p> <h3>Visa Infinite: for optimal cover</h3> <p>The VISA Infinite card is a top of the range credit card and the most exclusive of the cards offered by Banque de Luxembourg. It gives you access to Lounge Key's private lounges at airports. While you wait for your flight, you can enjoy the calm and comfort of 800 VIP lounges at over 450 airports around the world.</p> --&gt; <p>Go on holiday with complete peace of mind knowing that you have comprehensive travel insurance for yourself and your family, including cover for lost or delayed luggage, flight delays, trip interruption or cancellation, death-disability insurance and medical insurance.</p> <h3>What should you do if your card is lost or stolen?</h3> <p>Immediately contact <a href="https://www.six-payment-services.com/home.html">Six Payment Solutions</a> on (+352) 49 10 10 (24/7) to block your card, then notify your client relationship manager on their direct phone line or via the Bank's switchboard (+352) 49 924–1 (Monday to Friday, 8am to 6pm) to order a new one if required. Loss or theft must be reported to the local police.</p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Cartes de paiement Cartes de paiement Blog blnews Blog blnews Blog privé Blog privé https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/45eme-midi-de-la-microfinance-et-de-l-inclusion-financiere 45th Midi de la Microfinance et de l'inclusion financière https://www.banquedeluxembourg.com/en/bank/bl/blog/-/blogpost/45eme-midi-de-la-microfinance-et-de-l-inclusion-financiere Thu, 18 Oct 2018 09:00:00 +0200 <img src="https://www.banquedeluxembourg.com/documents/19605/301498/ADA+2018/111a9193-66a9-4b9e-b9c5-9961f0cea7a1?t=1546952919267"/><br/> The "Midis de la Microfinance et de l'inclusion financière" are conferences on issues facing the inclusive finance industry and developments within it. The latest in the series, organised by Luxembourg-based microfinance support agency, ADA (Appui au Développement Autonome), on the subject of inclusive finance and the fight against terrorism, was held at Banque de Luxembourg.<br/> <h3>Risk management applied to African microfinance institutions</h3> <p>The discussion between Azaratou Sondo, Deputy Director General in charge of the Network at the Faîtière des Caisses Populaires du Burkina (FCPB) – Burkina Faso’s biggest microfinance institution – and Sundhevy Debrand, Member of the Association Luxembourgeoise des Compliance Officers (ALCO), was moderated by Luc Vandeweerd, Member of the Board of Directors of ADA.</p> <p>The “Midi” enabled the Luxembourg public to benefit from the speakers’ experience of regulations in Luxembourg, a heavily regulated country, as well as at grassroots level in Burkina Faso.</p> <p>Watch the video of the full conference (in French):</p> <div class="video-container"><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/u_ixdd80nEo" width="560"></iframe></div> <p>&nbsp;</p> <p><a href="https://www.ada-microfinance.org/en/events/midis-microfinance">Find out more about ADA</a></p> <p><span class="bl-btn grey"><a href="https://www.banquedeluxembourg.com/en/bank/corporate/values-and-commitment"><span class="ico-plus">&nbsp;</span><span>Find out more about our work in Croporate Social Responsibility</span></a></span></p> MASQUER:BE MASQUER:BE Luxembourg Luxembourg Engagement Engagement EDITORIAL EDITORIAL Blog blnews Blog blnews Blog privé Blog privé nl_bl_2018_10 nl_bl_2018_10 topic_rse topic_rse