Banque et Caisse d'Épargne de l'État
The State Bank and Savings Bank (French: Banque et Caisse d'Épargne de l'État), also known by its Luxembourgish name Spuerkeess (lit. 'Savings Bank'), is the leading national financial institution founded in 1856 and governed by the law of 24 March 1989. Spuerkeess is a commercial bank wholly owned by the government of Luxembourg.
Banque et Caisse d'Épargne de l'État headquarters on Place de Metz, Luxembourg City | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Banking |
| Founded | 21 February 1856 |
| Headquarters | Luxembourg City, Luxembourg |
Area served | universal bank of Luxembourg |
Key people | Françoise Thoma (CEO, President of the Executive Committee) and Camille Fohl (Chairman of the Board) |
| €603.6 m (2019) | |
Net income | €183.9 m (2019) |
| Total assets | €48 063.2 m (2019) |
Number of employees | 1,840 work units (2019) |
| Website | spuerkeess |
Nowadays, it provides all the functions of a commercial bank, including retail banking and private banking. In terms of total assets Spuerkeess is the third-largest bank in Luxembourg and the largest bank with domestic capital.
BCEE has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.