Banque Internationale à Luxembourg posted net income of €210m in 2025, up from €170m a year earlier, as Luxembourg’s oldest multi-business bank closed the first year of its 2025-2030 strategic plan, according to annual results published on 30 April 2026.
Paperjam had previously reported the same figures.
The bank said the result reflected cost control, a lower cost of risk and discontinued operations linked to the sale of Bil Manage Invest to Waystone Group. Revenues were broadly stable at €708m, compared with €711m a year earlier, while expenses fell to €485m from €493m.
Return to essentials
Bil said its transformation is based on a “return to essentials”, focused on digital banking, corporate banking and private banking.
Net interest income declined to €469m, from €476m, as lower interest rates and changing client behaviour weighed on margins. Fee income was stable at €196m, while other income rose to €44m. Gross operating income increased to €223m, from €218m.
Cost of risk and goodwill impairment fell to €9m, from €30m in 2024. Net income before tax rose 14% to €215m.
However, assets under management rose 7% to €50.1bn, from €46.8bn at the end of 2024. Bil said the increase was mainly driven by a €3.2bn positive market effect and €0.2bn in net new assets, partly offset by outflows from non-strategic and lower-profitability clients.
The bank opened a Paris branch in July 2025 to support Wealth Management growth in France. It also ceased activities at its Hong Kong wealth management office, wound down Belair House and sold Bil Manage Invest to Waystone Group.
“Better, faster, stronger”
Bil accelerated digital services in 2025 with digital onboarding, e-signatures, online subscription of savings products and a redesigned Bilnet application. In December, it launched an AI-powered version of its virtual assistant, Berry.
The bank also signed a strategic innovation partnership with the Luxembourg Institute of Science and Technology to assess and advance the use of artificial intelligence in customer service.
Real estate pressure
Customer loans stood at €16.2bn, broadly unchanged from 2024, while customer deposits were €18.7bn, slightly down from €18.8bn.
The bank said Luxembourg entered a gradual recovery phase in 2025, with real GDP growth estimated at around 1%, while construction activity had declined 40% following the earlier monetary tightening cycle. Non-performing loans fell to €711m, from €821m at the end of 2024, while the NPL ratio improved to 3.90%, from 4.48%. Bil’s total assets rose to €31.3bn, from €30.7bn. Shareholders’ equity increased 13.5% to €2.8bn.
Bil’s Common Equity Tier 1 ratio stood at 14.46%, compared with 14.24% in 2024, while its capital adequacy ratio rose to 20.20%, from 18.68%. The Liquidity Coverage Ratio was 177%, down from 200%, but above the bank’s management target of 160%.
In summary, while the 24% rise in net profit in 2025 was a strong result, the underlying picture was more measured. Revenues were broadly stable, net interest income declined, customer deposits were almost unchanged and customer loans barely moved. The improvement came mainly from tighter cost control, a sharply lower cost of risk and portfolio simplification, rather than from a sudden acceleration in the core banking franchise.
