Banque et Caisse d'Épargne de l'État

Banque et Caisse d'Épargne de l'État

Banque et Caisse d'Épargne de l'État headquarters on Place de Metz, Luxembourg City
Type	Banking and Finance
Industry	Banking
Founded	21 February 1856
Headquarters	Luxembourg City, Luxembourg
Area served	Luxembourg
Key people	Victor Rod, Chairman Françoise Thoma, President and CEO
Revenue	€497.1 m (2011)
Operating income	€228.5 m (2011)
Net income	€186.8 m (2011)
Number of employees	1,788 (2011)
Website	www.bcee.lu

In Luxemburgish Spuerkeess, in French Banque et Caisse d'Épargne de l'État (abbreviated short BCEE), is a Luxembourgish bank, established and owned by the Luxembourgish government. Founded in 1856 as a savings bank, its competences were expanded over time, culminating in its transformation by Grand Ducal decree into a full-service bank on 25 October 1944. Nowadays, it provides all the functions of a commercial bank, including retail banking and private banking. In terms of total assets BCEE is the third-largest bank in Luxembourg and the largest bank with domestic capital.

The magazine Global Finance rated Banque et Caisse d'Épargne de l'État, the 7th-safest bank in the world in its "World's 50 Safest Banks 2012" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor's and the long-term bank deposit ratings from Moody's Investors Service.