How to open a bank account in Banque Internationale à Luxembourg SA (BIL)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

November, 2001

Last contact

April, 2024

Last update

March, 2024

the bank opens savings (deposit) accounts;
minimum account balance – EUR 1 000 000 EUR;
to open an account, a personal meeting with a potential client is mandatory;
the term for opening an account – case by case (check with the consultant)

GSL rating

Beginning of cooperation

November, 2001

Last contact

April, 2024

Last update

March, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

491

Global rating

7

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1856

History

Established in 1856, it is the country’s oldest bank; a member of the European banking group Dexia, which also includes Dexia Bank in Belgium and Dexia Credit Local in France. One of the leaders of Luxembourg’s financial sector. Employs 17 112 staff

Personnel

The bank has over 2 000 staff. There are English-speaking staff

Bank’s shareholders

The bank is a public company the shares of which are listed on the world’s leading stock exchanges. The bank’s shareholders are large state and commercial banks: Precision Capital - 90%; State of Luxembourg - 10%

Confidentiality

Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

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Minimum requirements

1 000 000

Minimum balance, €

1

Transactions permitted per month

75 000

Initial deposit of funds, €

1

Deadline for the initial deposit, month

Initial deposit of funds, €

The initial deposit is EUR 75 000

How fast payments are executed

The value date is the first day. The cut-off time is 16:00 Moscow time

Tariffs and services

30

Outcoming transfer, €

0

Incoming transfer, €

400

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Distant access to the account

For corporate accounts - fax confirmed by a phone call

Financial products

The bank professionally works with all traditional banking products: letters of credit, guarantees, cheques etc.

Credit/debit cards

Available

Account opening procedure

Days to open for incoming transfers

case by case

Days to open for outcoming transfers

case by case

References

Not necessary

Purpose of the account

Savings

Visit to the bank

To open an account, a personal meeting with a potential client is mandatory

Required

A photocopy of passport, corporate documents

Types of accounts

Savings

Opening procedure and Due Diligence

It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker

Chances to open an account

Predictable

Business description

Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed

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