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ING Luxembourg S.A.
Address: 52, route d'Esch, L-1470 Luxembourg
Postal address: L-2965 Luxembourg,
Telephone: 44 99 11
Telex: 2524 cbank lu
Fax: 44 99 12 31
Swift code: CELL LU LL
Web: http://www.ing.lu
Date of establishment: 15/09/60
Profile:
ING Luxembourg S.A. is the result of the combination of the resources of two banks that are part of the ING (Internationale Nederlanden Groep) Group in Luxembourg: Crédit Européen S.A, which changed its name to ING Luxembourg S.A. on 22 April 2003, and ING Bank (Luxembourg) S.A., which merged with the new entity on 31 May 2003.
Crédit Européen S.A. was established in Luxembourg in 1960, under the leadership of a group of American bankers and several distinguished members of the Luxembourg establishment. In less than a half-century, as a result of its dynamism and innovative spirit, the Bank has become one of the largest in the Grand Duchy. On the international scale, the Bank's business has also seen considerable expansion, especially since 1987, when Banque Bruxelles Lambert (BBL) decided to acquire 99.9% of the shares of Crédit Européen. As a result of the acquisition of BBL by the ING Group at the end of 1997 Crédit Européen has also being integrated into the group.
ING Bank (Luxembourg) S.A., for its part, was established in Luxembourg in 1987, under the name NMB Bank. The Group took the name ING following the merger in 1991 of Nationale Nederlanden and NMB Postbank Groep. ING chose the Grand Duchy for its international character and for its specialisation in the business of wealth management and private banking. This choice has enabled it to achieve considerable growth in a few years.
This name change to ING Luxembourg S.A., which was a natural consequence of regrouping the two banks under one single parent company, now gives the Bank a strong, global brand that is known all over the world, and portrays even more accurately its standing as part of the ING Group offering banking, insurance and asset management, that is ranked 7th in Europe and 25th in the world.
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