The Grand Duchy of Luxembourg, the location of Banque LBLux S.A., is at the heart of Europe and borders Belgium, Germany and France. Covering 2586 square kilometres and with a population of around 476 000, it is one of the smallest EU Member States.
The city of Luxembourg is the home not only of banks but also many European institutions. Luxembourg belongs to the group of founding members of the European Economic Community (EEC) and during the 1980s played an important role in the signing of the Treaty on the Foundation of the European Union (the Treaty of Maastricht) which aimed to create closer integration of the European states. Luxembourg was the first state to meet the economic, financial and legal criteria established at the time for participation in the European currency union which took place on 1 January 1999.
With a population containing around 40% foreign citizens, Luxembourg is the European country with the highest proportion of foreign nationals. This particular feature means makes Luxembourg an interface for the various European cultures. Due to its geographical location and openness to other cultures, Luxembourg forms an intersection at the very heart of Europe. Although Luxembourgish is the national language, many Luxembourg citizens can also speak German and French. This meant that the country was predestined to play a key role in the development of Europe and to become an important link.
Luxembourg is also the home of the European investment bank, the European Court of Justice, the European Court of Auditors and other European institutions. A united Europe is a living reality here. Due to the many European institutions and its high proportion of foreign nationals (over 140 different nationalities), the population structure is multi-cultural.
Luxembourg enjoys a politically stable and economically sound framework at a national level. The low rate of unemployment and the low level of national debt contribute to social stability within the culturally varied population, as well as a tax policy featuring attractiveness and continuity when compared with other European states. Luxembourg's population is brought up in a multi-lingual environment and receives a very high level of education. This has a positive effect on the development of the country's economy.
Working in Luxembourg