The Banque Internationale à Luxembourg (BIL) today announced a capital increase of €58 million to support the growth of its local commercial activities and its international business.

The capital increase finalised today in an extraordinary general meeting represents an important milestone in the implementation of the key priorities of BIL’s five-year strategic plan. Backed by the commitment of its main shareholders, it will allow the bank to continue to build up its local commercial activities, including the loan portfolio to support Luxembourg’s economy and to further develop its business growth in some international markets.

The new shares were issued to existing shareholders of BIL, in the proportion of the capital represented by their shares.