The bank BGL celebrated its 100th birthday on Monday with a ceremony involving Grand Duke Henri and Minister of State Xavier Bettel.
The bank is closely linked to the neighbouring countries through its parent company BNP Paribas.
The Banque Generale was founded on 29 September 1919 by the Belgian Société génerale. Its first head office opened in Arlon, moving to Luxembourg in 1935. The bank was based at the Aldringen in Luxembourg City for years before moving to Kirchberg in 1995.
Ten years later, the bank changed its signs around the country, becoming Fortis. However, as the worldwide financial crisis hit three years later, Fortis came into difficulties. The bank attempted to win back its customers' trust, which only occurred as the state took part of the bank's ownership, which led to another name change: BGL BNP Paribas.
The Luxembourgish state remains one of the main shareholders in BGL BNP Paribas, even today.