BANK OF COMMUNICATIONS (LUXEMBOURG) S.A.

BANK OF COMMUNICATIONS (LUXEMBOURG) S.A. is a public limited company incorporated in Luxembourg and forms part of Bank of Communications Co., Ltd., one of China’s largest banking groups. The institution operates primarily as a wholesale and corporate bank, focusing on cross-border services between Europe and China, including trade finance (letters of credit, guarantees, supply chain finance), bilateral and syndicated lending, cash management and payments, term and current deposit accounts for professional clients, and foreign exchange and basic hedging solutions permitted under its license. It is authorized as a credit institution in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier under the EU Single Supervisory Mechanism in cooperation with the European Central Bank, and it is subject to CRD/CRR prudential rules on capital and liquidity. The bank’s client base is largely corporate and institutional—often European companies with China links and Chinese groups investing or operating in the EU—with limited or no retail offering in Luxembourg. Eligible deposits are covered by Luxembourg’s deposit guarantee scheme up to the statutory limit per depositor, and investment services, where provided, fall under the national investor compensation framework; coverage depends on client status and product type. Standard EU and Luxembourg AML/CFT, sanctions, and KYC requirements apply; onboarding is documentation-intensive and timelines vary with corporate structure, ownership transparency, and jurisdictional risk. Pricing for lending, trade instruments, and cash management is typically negotiated and linked to risk, tenor, currency, and volumes; fee schedules for transactional services are available on request. The bank can provide services across the EEA under passporting rules where applicable, although actual availability and product scope are defined by permissions and internal risk appetite. Financial statements are filed locally and reflect a balance sheet centered on corporate assets and interbank placements, with treasury operations supporting liquidity and funding; group support may be available subject to regulatory constraints. Key practical considerations include a focused product set relative to universal banks, concentration on China–Europe corridors, and sensitivity to evolving geopolitical and sanctions environments affecting cross-border transactions.