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Prime Minister Xavier Bettel and Minister of Finance Yuriko Backes inaugurated, on 2 October, the Bank of America Business’s new Luxembourg branch.
The bank can now support clients – corporate, commercial and NBFIs (non-bank financial institutions) – with setting up local bank accounts and provide in-country transaction banking products and services. In particular, as Luxembourg is the second largest investment fund centre in the world, after the United States, the bank will deepen its global cash management services to these NBFIs.
"Welcome to Luxembourg, Bank of America Business ! I applaud your decision to open a branch in the Grand-Duchy. Luxembourg is the perfect place for your operations in the heart of Europe and has become a frontrunner and...
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