Banque Internationale à Luxembourg (BIL) saw its profits increase by almost 25% last year, the bank said in its annual report released on Thursday.
BIL reported a net income of €210 million in 2025, up from €170 million the previous year.
Total revenue was €708 million, a drop of €11 million, but this was offset by a 2% drop in operating expenses, which fell to €485 million.
According to BIL’s annual report, dividend income jumped 316% year-on-year to €10.2 million and net trading income swung from a -€4.2 million loss in 2024 to a €31.7 million gain in 2025. Staff expenses shrunk by 5% to €198.4 million.
Assets under management rose 7% year-on-year to reach €50.1 billion, the bank said, “driven by a €3.2 billion positive market effect and €0.2 billion in net new assets”.
“Balance sheet figures remained stable with customer deposits at €18.7 billion and customer loans at €16.2 billion,” the bank said in a press release to accompany the annual report.
The bank credited the improved results with the implementation of a new five-year strategic plan, launched last year to run until 2030, including a series of initiatives “to sharpen its commercial focus, simplify its organisational structure and drive sustainable growth.”
Since Legend Holdings took control of BIL in 2018, the bank has liquidated at least six subsidiaries and sold stakes in more than ten businesses, in an indication it is increasingly focused on its core banking business, the Luxembourg Times reported last year.
“BIL took significant steps to streamline its organisation and reinforce its positioning in core European markets, especially within its wealth management franchise,” the bank said in its press release, referring to its decision to open a new branch in Paris and the closure of its Hong Kong wealth management office.
“The bank expanded self service capabilities through digital onboarding, e signature and online subscription of savings products, simplifying client interactions,” BIL said in its statement. “In parallel, BIL introduced ‘Berry’, Luxembourg’s first AI powered virtual banking assistant, marking a major milestone in its digital evolution and offering clients faster, more intuitive support directly within the BILnet platform.”
