KBL European Private Bankers (KBL epb), headquartered in Luxembourg, announced today that it has been named a member of the “World Finance 100” in recognition of its excellence in the field of private banking.
Spanning multiple industries and covering a wide range of global markets, the World Finance 100 recognizes organizations and individuals that have reached a very high level of achievement in their area of expertise, driving forward their respective sector of activity.
Members of the annual World Finance 100 are selected by the editorial board of London-based World Finance magazine, in conjunction with reader recommendations.
This recognition follows strong recent financial performance by KBL epb, which reported a net profit of €41.9 million for the first half of 2013, up more than 300% compared to €9.7 million for the same period last year. It also comes at a time when the group is focused on achieving critical mass across its network – including through potential acquisitions in select markets.
“We are grateful to World Finance for recognizing our commitment to excellence,” said Yves Stein, Group CEO, KBL epb. “By establishing a leading presence in every market in which we currently operate – while also increasingly seizing emerging opportunities abroad – I am confident that we will realize our vision to become a top 20 European private banking group by 2015.”
(Source: KBL European Private Bankers)