BHW Bausparkasse Aktiengesellschaft, succursale de Luxembourg

BHW Bausparkasse Aktiengesellschaft, succursale de Luxembourg is the Luxembourg branch of BHW Bausparkasse AG, a German building society that focuses on housing savings and home financing. The branch operates under the EU single passport for credit institutions, with prudential supervision of the parent by BaFin and the Deutsche Bundesbank and host-country conduct oversight by the Commission de Surveillance du Secteur Financier (CSSF). Consistent with the legal framework for Bausparkassen, its activities are limited to housing-related savings contracts and mortgage lending rather than general retail banking services such as current accounts or payment cards. Product structures typically follow the Bauspar model with a savings phase and the option of a fixed-rate loan phase; terms, fees and eligibility criteria are set out in standardized tariff conditions, and allocation timelines and rates depend on the chosen tariff and funding pool. Deposits accepted via the Luxembourg branch are legally deposits of the German institution and are protected by Germany’s statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken GmbH) up to EUR 100,000 per depositor; Luxembourg’s Fonds de garantie des dépôts does not apply to this branch. Customer servicing is carried out locally, while financial statements, capital and risk disclosures are published at the level of BHW Bausparkasse AG. Account opening, underwriting and collateral requirements follow the lender’s policies and applicable German and Luxembourg rules, including anti-money laundering, consumer protection and mortgage credit regulations.