Banque de Luxembourg opens branch in Ghent

Present in Belgium since 2010, Banque de Luxembourg is continuing its development by opening a private banking centre in Ghent. The aim is to provide its Belgian customers with the best of its private banking and high-quality asset management services.

Banque de Luxembourg, established in Luxembourg in 1920, is one of the biggest private banks in the Grand Duchy and is renowned throughout Europe. Serving its Luxembourg clients for nearly a century, it also accompanied Belgian families from the outset. In 2010, the Bank established a local base for its Belgian clients with the opening of a branch in Arlon, followed by Brussels in 2012, and now Ghent.

The Belgian subsidiary, which has a staff of twenty, now manages deposits of 3 billion euros, making it one of the biggest asset managers in Belgium. The decision to establish a branch in Ghent, in addition to those in Arlon and Brussels, is due to the dynamism of Flanders with its rich fabric of business owners, and the Bank's aim to be more accessible to its Flemish-speaking clients.

 "Banque de Luxembourg has accompanied its business-owner clients since its origin. They appreciate our responsible and pragmatic approach to managing their assets over the long term. They know that we are by their side, especially at key times in their life, so that they can realise their projects with confidence and peace of mind. Belgium, our second-biggest national market, is one of the Bank's key strategic development areas. Our ambition is to develop in Belgium in a progressive and sustainable way and continue to offer our Belgian clients the best of Luxembourg's private banking expertise," explains Nicolas Nève, Head of the Belgian subsidiary.

 "The new centre in Ghent will enable us to provide an even better service to our clients in the region, by offering them a more accessible local branch. We want to spend time getting to know them, understanding them and paying attention to the things that matter to them. We share their spirit of rigour and seriousness. In us, they find a bank that reflects their own approach," continues Peter Duynslaeger, Head of the Ghent private banking centre.

And Pierre Ahlborn, Banque de Luxembourg Administrateur Délégué, concludes: "We have followed our path in a continuous and responsible way for nearly a century. Our Bank is solid. We have been able to anticipate economic, financial, technological and taxation developments as well as adapt rapidly to a host of regulatory changes. This agility and clear-sightedness have helped us successfully surmount the paradigm shift that has taken place in recent years. We have put our Bank on track for sustainable development – proved by the momentum of our activities in Belgium."

The private banking centre in Ghent was officially opened on 21 October.