BGL BNP Paribas (formerly Banque Générale du Luxembourg or BGL) is a Luxembourgish bank founded on 29 September 1919. Since May 2009, the bank has been a member of the BNP Paribas group. It is the fifth-largest bank in the Grand Duchy of Luxembourg and is the country's second-largest employer. BGL BNP Paribas was ranked as the top bank in Luxembourg based on tier 1 capital by The Banker magazine in a 2014 ranking. The Banque Générale du Luxembourg (BGL) was founded on 29 September 1919 by Société Générale de Belgique together with Luxembourgish and Belgian partners. Its registered office was in Arlon, Belgium, and its head office in Luxembourg City. It quickly moved into new premises at 14, rue Aldringen. By 1928, it had become a large regional bank extending its operations to the neighbouring areas of Belgium and France. In 1935, its registered office was moved to Luxembourg where BGL became a Luxembourg corporation. In the 1960s, BGL became a key player in international financial services with cross-border transactions accounting for an increasing share of its operations. In the late 1970s, it entered the Eurobond market, opening offices in Milan, Hong Kong and Frankfurt and establishing Banque Générale du Luxembourg (Suisse) in Zurich in 1982. On 29 November 1984, BGL shares were first traded on the Luxembourg Stock Exchange. More information...
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