BIL: reassuring news

On 28 September, ALEBA (Marc Terzer, Member of the Executive Committee, and Fernand Welschbillig, Chairman of BIL’s employee representation body) met with Luc Frieden, Hugues Delcourt and Karin Scholtes at BIL to discuss the coming change of ownership. “After a positive and transparent discussion the Management was able to reassure us, in particular by confirming that the bank’s current growth strategy will continue as planned and that the new shareholder will support this growth in the long term,” said Marc Terzer.

The Management also confirmed that there are no negative restructuring plans in the pipeline; on the contrary, as the bank is still hiring.