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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 Luxemburgish name Spuerkeess (), is the leading national financial institution founded in 1856 and governed by the law of March 24, 1989. Spuerkeess is a commercial bank wholly owned by the government of Luxembourg. 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. History Spuerkees was founded by Grand Duke William III as "Caisse d'Épargne de l'État du Grand-Duché de Luxembourg" due to a Law on February 21, 1856. The board of directors had three members and had their first meeting on August 18, 1859 under the presidency of Professor Nicolas Martha. Headquarters of the Spuerkeess at that time were seated in Haus Ketter in Dräikinneksgaass in the city, while their desk offices were at the Krautma ...
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Luxembourg City
Luxembourg ( lb, Lëtzebuerg; french: Luxembourg; german: Luxemburg), also known as Luxembourg City ( lb, Stad Lëtzebuerg, link=no or ; french: Ville de Luxembourg, link=no; german: Stadt Luxemburg, link=no or ), is the capital city of the Luxembourg, Grand Duchy of Luxembourg and the Communes of Luxembourg, country's most populous commune. Standing at the confluence of the Alzette and Pétrusse rivers in southern Luxembourg, the city lies at the heart of Western Europe, situated by road from Brussels, from Paris, and from Cologne. The city contains Luxembourg Castle, established by the Franks in the Early Middle Ages, around which a settlement developed. , Luxembourg City has a population of 128,514 inhabitants, which is more than three times the population of the country's second most populous commune (Esch-sur-Alzette). The city's population consists of 160 nationalities. Foreigners represent 70% of the city's population, whilst Luxembourgers represent 30% of the populat ...
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Companies Based In Luxembourg City
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Government-owned Companies Of Luxembourg
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned en ...
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Banks Of Luxembourg
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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List Of Banks In Luxembourg
Commercial banks *Advanzia Bank *Banque de Luxembourg * * Banque et Caisse d'Épargne de l'État * Banque Fortuna * Banque Havilland *Banque Internationale à Luxembourg *Banque Raiffeisen * Banque Transatlantique Luxembourg * BGL BNP Paribas *East-West United Bank *ING *Intesa Sanpaolo *Quintet Private Bank *Portuguese Commercial Bank *Société Nationale de Crédit et d'Investissement *Société Générale *Eurobank Private Bank Luxembourg Central bank * Central Bank of Luxembourg External link {{List of banks in Europe Luxembourg Banks Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
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Franc
The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription ''francorum rex'' (Style of the French sovereign, King of the Franks) used on early France, French coins and until the 18th century, or from the French language, French ''franc'', meaning "frank" (and "free" in certain contexts, such as ''coup franc'', "free kick"). The countries that use francs today include Switzerland, Liechtenstein, and most of Francophone Africa. The Swiss franc is a major world currency today due to the prominence of Switzerland, Swiss Banking in Switzerland, financial institutions. Before the introduction of the euro in 1999, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender (Monégasque franc). The franc was also used within the French colonial empires, French Empire's colonies, including Algeria and Cambodia. The franc is sometim ...
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Grand Ducal Palace, Luxembourg
The Grand Ducal Palace ( lb, Groussherzogleche Palais, french: Palais grand-ducal, german: Großherzogliches Palais) is a palace in Luxembourg City, in southern Luxembourg. It is the official residence of the grand duke of Luxembourg, and where he performs most of his duties as head of state of the Grand Duchy. History The building was first the city hall of Luxembourg from 1572 to 1795, the seat of the prefecture of the ''Département des Forêts'' in 1795, and then the headquarters of the Luxembourg Government in 1817."Palais grand-ducal"
''Cour Grand-Ducale de Luxembourg''. Retrieved 4 April 2011.

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Krautmaart
Krautmaart (Luxembourgish) or rue du Marché aux Herbes ( French), is an irregularly-shaped street in Luxembourg City, in southern Luxembourg. The street, whose name translates into English as Herb Market street, is situated in Ville Haute, the historic heart of the city. It lies to the east of Place Guillaume II, across the ''rue du Fossé''. Due to the presence of the seat of Luxembourg's Chamber of Deputies on the street, 'Krautmaart' is used as a metonym for the Luxembourgish legislature. Despite this, it is the adjoining Grand Ducal Palace The Grand Ducal Palace ( lb, Groussherzogleche Palais, french: Palais grand-ducal, german: Großherzogliches Palais) is a palace in Luxembourg City, in southern Luxembourg. It is the official residence of the grand duke of Luxembourg, and wher ... that dominates Krautmaart. Streets in Luxembourg City Chamber of Deputies (Luxembourg) {{Luxembourgcanton-geo-stub ...
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Haus Ketter
Haus is a Germanic word meaning ''house''. It may refer to: People * Anton Haus (1851–1917), Austrian grand admiral, fleet commander of the Austro-Hungarian Navy in World War I * Georg Haus (1895–1945), German general * Hermann A. Haus (1925–2003), Slovene-American physicist, electrical engineer and Institute Professor at the Massachusetts Institute of Technology * Jacques-Joseph Haus (1796–1881), Belgian lawyer and professor * Julie Haus (b 1973), American fashion designer * Knut Haus (1915–2006), Norwegian politician * Samuel Haus (born 1990), Swedish actor Places * Haus, Norway, a former municipality in Hordaland county, Norway * Haus or Hausvik, a village in Osterøy municipality in Vestland county, Norway ** Haus Church, parish church in Hausvik * Haus im Ennstal, city in Styria, Austria Buildings * Haus am Horn, historic home in Weimar, Germany * Haus Auensee, concert hall in Leipzig, Germany * Haus Bamenohl, castle in North Rhine-Westpha ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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