Luxembourg · Credit institution
Banque et Caisse D'epargne de L'etat, Luxembourg
Banque et Caisse d'Epargne de l'Etat, Luxembourg trades as Spuerkeess. It is an autonomous public institution with its head office at 1, Place de Metz in Luxembourg City. The State of Luxembourg has been its sole shareholder since the bank was founded in 1856. It describes itself as a universal bank for retail, private banking, corporate, institutional and public-sector clients, focused on Luxembourg. It took its current name under the law of 24 March 1989, which governs its organisation.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- Banque et Caisse d’Epargne de l’Etat, Luxembourg
- Entity type
- Credit institution
- Supervisory group
- Heads its own group
- Why significant
- Size (Total assets EUR 50-75 bn)
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- Banque et Caisse d´Epargne de l´Etat, Luxembourg
- RIAD code
- LUB00001
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Commission de Surveillance du Secteur Financier (CSSF) | 1856-02-21 | A1 A2 A3 A4 A5 A6 A7 A8 A9 B1 B2 B3 B4 B5 B6 B7 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BCEELULLXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BCEELULL directly.
- Swift GPI
- Member, not yet live
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · SDD B2B · VOP · T2 · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1991-06-03
- Last updated
- 2020-12-05
Overview
Researched 29 Sep 2026 · Sources
Ownership
State-owned
100% State of Luxembourg (Grand Duchy of Luxembourg)
Institution type
Universal bank
Trades as Spuerkeess
- Standing
- The Luxembourg Government Council has appointed Benoît Elvinger as Director General and chair of the executive committee from 1 October 2026. He succeeds Françoise Thoma, who has been Director General since June 2016.
- Ownership
- The State of Luxembourg holds 100% of the bank.
- Direct parent
- State of Luxembourg (Grand Duchy of Luxembourg), Luxembourg 100%
- Major shareholder
- State of Luxembourg 100% · 30 Jun 2026
- Head office
- 1, Place de Metz, L-1930 Luxembourg, Luxembourg
- Company register
- B30775, Registre de Commerce et des Sociétés Luxembourg
- Former name
- Caisse d'Epargne de l'Etat du Grand-Duché de Luxembourg
Business lines
According to its September 2026 investor presentation, retail and private banking produced 61% of first-half 2026 revenues and corporate, public sector and institutional banking produced 30%.
Online
- Websites & references
- spuerkeess.lu ↗
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 19 pages consulted
- spuerkeess.lu/en/about-us/publications/legal-notices/
- spuerkeess.lu/en/about-us/discover-bcee-aa-plus-rating-safest-bank-award-foundation-1856/
- spuerkeess.lu/en/private-customers/
- spuerkeess.lu/en/about-us/publications/financial-data/
- spuerkeess.lu/fileadmin/mediatheque/documents/about_us/Informations_pratiques/Spuerkeess_Investor_Prese
- spuerkeess.lu/en/professionals/institutional-clients/financial-intermediaries/
- spuerkeess.lu/fileadmin/mediatheque/Entreprises/Clients_institutionnels/SSI_CASH_20251222VersionCI.pdf
- spuerkeess.lu/en/about-us/discover-bcee-aa-plus-rating-safest-bank-award-foundation-1856/the-history-of
- cssf.lu/wp-content/uploads/S_48_B_Banque_et_Caisse_dEpargne_de_lEtat_Luxembourg_020525_en.pdf
- bankingsupervision.europa.eu/press/pr/date/2024/html/ssm.pr241115~f2ac092d72.en.html
- paperjam.lu/article/benoit-elvinger-reprend-une-spuerkeess-sous-pression
- paperjam.lu/article/benoit-elvinger-prend-la-tete-de-la-spuerkeess
- paperjam.lu/article/romain-wehles-quitte-aussi-la-spuerkeess-pour-la-retraite
- paperjam.lu/article/aloyse-kohll-demissionne-de-la-spuerkeess
- paperjam.lu/article/bcee-francoise-thoma-sen-va
- lessentiel.lu/fr/story/banque-au-luxembourg-la-spuerkeess-tient-son-nouveau-directeur-103600559
- en.paperjam.lu/article/caritas-cssf-eu5m-fine-for-spuerkeess
- reporter.lu/luxembourg-affaere-caritas-bgl-et-spuerkeess-vises-par-une-enquete/
- en.wikipedia.org/wiki/Banque_et_caisse_d'%C3%A9pargne_de_l'%C3%89tat
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Françoise Thoma
Chief Executive Officer (Director General) until 30 September 2026
- Chair
- Camille Fohl Chairman of the Board of Directors
- Chief financial officer
-
Doris Engel
Executive Vice President, Chief Financial Officer (Deputy Director General from 1 October 2026)
- Executive
-
Benoît Elvinger
Director General designate, takes office 1 October 2026
- Executive
-
Olivier Wantz
Executive Vice President, Chief Risk Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank (Single Supervisory Mechanism) Prudential supervisor
- Luxembourg
- Commission de Surveillance du Secteur Financier (CSSF) Prudential supervisorAML supervisorConductResolution
- European Union
- Single Resolution Board Resolution
- Luxembourg
- Banque centrale du Luxembourg Central bank
Recent events 3 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Leadership
Deputy Director General Aly Kohll and commercial director Romain Wehles left the executive committee on 16 September 2026 on retirement.
paperjam.lu ↗ -
Leadership
The Luxembourg Government Council appointed Benoît Elvinger as Director General of the bank with effect from 1 October 2026.
lessentiel.lu ↗ -
Leadership
The board announced that Director General Françoise Thoma would step down once a successor was appointed and become a strategic adviser to the board.
paperjam.lu ↗ -
Enforcement
The CSSF fined the bank EUR 4,968,780 for AML/CFT breaches in transaction monitoring, found after an inspection linked to the Caritas fraud.
cssf.lu ↗ -
Enforcement
The European Central Bank fined the bank EUR 1.685 million in total for misreporting risk-weighted assets for market and credit risk.
bankingsupervision.europa.eu ↗ -
Investigation
The Luxembourg public prosecutor opened preliminary AML investigations into two banks over the Caritas fraud. Reporter.lu reported that the bank was one of them.
reporter.lu ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BCEELULLXXX
- How the BIC breaks down
- BCEEBank
- LUCountry · Luxembourg
- LLLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- R7CQUF1DQM73HUTV1078
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- IBAN bank code 001
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Luxembourg · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- Operates MIC BCEE list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 1 PLACE DE METZ LUXEMBOURG 2954 2105 LUXEMBOURG
- Operational address
- 1 PLACE DE METZ LUXEMBOURG 2954 LUXEMBOURG POB 2105 LUXEMBOURG
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BCEELULLXXX</BICFI>
<LEI>R7CQUF1DQM73HUTV1078</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BCEELULLXXX</BICFI>
<LEI>R7CQUF1DQM73HUTV1078</LEI>
<Nm>BANQUE ET CAISSE D'EPARGNE DE L'ETAT, LUXEMBOURG</Nm>
<PstlAdr>
<TwnNm>LUXEMBOURG</TwnNm>
<Ctry>LU</Ctry>
<AdrLine>1 PLACE DE METZ LUXEMBOURG 2954 2105</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2008-01-28 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2020-11-02 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2010-11-01 | Head office | — |
| SEPA Direct Debit Business-to-BusinessISO 20022 messages | 2010-11-01 | Head office | — |
| Verification of Payee | 2025-10-09 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
Market identifiers
One trading venue or reporting service run under this LEI list of 2026-09-17
| MIC | Market | Kind | Category |
|---|---|---|---|
| BCEE | BANQUE ET CAISSE D'EPARGNE DE L'ETAT, LUXEMBOURG - BCEEBCEE | Operating MIC | Systematic internaliser |
National bank codes
IBAN bank code · Luxembourg
1 code
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 001 | BCEELULL | Banque et Caisse d'Epargne de l'Etat, Luxembourg |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Correspondent banking
The bank publishes 22 accounts at other banks, across 3 regions.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
22 accounts at other banks, in 22 currencies, as the bank publishes them: spuerkeess.lu ↗ dated 12 Jan 2026
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| EUR | TARGET 2 | — | — | General payments; the bank is a direct TARGET2 member | No BIC published |
| AUD | ANZ BANKING GROUP LTD. Australia | ANZBAU3M | 227033/00001 | Treasury and commercial payments | Matches the Swift directory |
| CAD | ROYAL BANK OF CANADA Canada | ROYCCAT2 | 95911121169 | Treasury and commercial payments | Matches the Swift directory |
| CHF | ZURCHER KANTONALBANK Switzerland | ZKBKCHZZ80A | CH20 0070 0070 0000 0170 8 | Treasury and commercial payments | Matches the Swift directory |
| CNY | BANK OF CHINA LTD, Luxbg BR. Luxembourg | BKCHLULL | LU53 1161 0519 8802 1072 | Treasury and commercial payments; via BKCHHKHH838 | Matches the Swift directory |
| CZK | KOMERCNI BANKA AS Czechia | KOMBCZPP | CZ98 0100 0000 1979 2170 0257 | Treasury and commercial payments | Matches the Swift directory |
| DKK | DANSKE BANK A/S Denmark | DABADKKK | 3007523394 | Treasury and commercial payments | Matches the Swift directory |
| GBP | BARCLAYS BANK PLC United Kingdom | BARCGB22 | 20325360545716 | Treasury and commercial payments; sort code 203253 | Matches the Swift directory |
| HKD | CITIBANK N.A. Hong Kong SAR China | CITIHKHX | 1068378016 | Treasury and commercial payments | Matches the Swift directory |
| HUF | THE BANK OF NEW YORK MELLON, NEW YORK United States | IRVTUS3N | 8033109998 | Treasury and commercial payments; via BACXHUHB A/C HU91109000970000000108830013 | Matches the Swift directory |
| ISK | LANDSBANKINN HF Iceland | NBIIISRE | IS54 0100 2709 0029 6705 9276 69 | Treasury and commercial payments | Matches the Swift directory |
| JPY | MUFG BANK LTD. Japan | BOTKJPJT | 653-0416983 | Treasury and commercial payments | Matches the Swift directory |
| MXN | THE BANK OF NEW YORK MELLON, NEW YORK United States | IRVTUS3N | 8033153512 | Treasury and commercial payments; via BCMRMXMMCOR A/C 0095001368 | Matches the Swift directory |
| NOK | NORDEA BANK NORGE ASA Norway | NDEANOKK | NO95 6001 0209 032 | Treasury and commercial payments | Matches the Swift directory |
| NZD | ANZ NATIONAL BANK LTD. New Zealand | ANZBNZ22058 | 227033/00001 | Treasury and commercial payments | Matches the Swift directory |
| PLN | BANK POLSKA KASA OPIEKI Poland | PKOPPLPW | PL14 1240 0001 3126 2051 1112 0301 | Treasury and commercial payments | Matches the Swift directory |
| RON | THE BANK OF NEW YORK MELLON, NEW YORK United States | IRVTUS3N | 8033120010 | Treasury and commercial payments; via INGBROBU A/C RO57INGB0001008643659910 | Matches the Swift directory |
| SEK | SVENSKA HANDELSBANKEN AB Sweden | HANDSESS | SE16 6000 0000 0000 4040 4439 | Treasury and commercial payments | Matches the Swift directory |
| SGD | CITIBANK N.A. Hong Kong SAR China | CITIHKHX | 1068378008 | Treasury and commercial payments; via CITISGSG | Matches the Swift directory |
| TRY | THE BANK OF NEW YORK MELLON, NEW YORK United States | IRVTUS3N | 8033120029 | Treasury and commercial payments; via TGBATRIS A/C TR930006200093000006499993 | Matches the Swift directory |
| USD | CITIBANK N.A. United States | CITIUS33 | 10932469 | Treasury and commercial payments | Matches the Swift directory |
| ZAR | THE BANK OF NEW YORK MELLON, NEW YORK United States | IRVTUS3N | 8033109971 | Treasury and commercial payments; via SBZAZAJJ A/C: 7557945 | Matches the Swift directory |
Standard settlement instructions for treasury and commercial payments, effective 12 January 2026, linked from the Financial Intermediaries page. The list has 21 rows and all were extracted. Where the 'Via' column is filled, it is recorded in purpose. The bank states that it is a direct TARGET2 participant for EUR. A separate SSI document for equities, bonds and funds (sub-custodians, dated 1 December 2024) is also linked but was not extracted. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants. Source: European Central Bank, List of TIPS participants and reachable parties.
- Banking supervision—Source: European Central Bank, list of supervised entities.
- National bank codes—Luxembourg (Source: ABBL).
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: spuerkeess.lu (official website); Françoise Thoma: spuerkeess.lu (official website) · original; Doris Engel: spuerkeess.lu (official website) · original; Benoît Elvinger: paperjam.lu (official website) · original; Olivier Wantz: spuerkeess.lu (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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