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Valérie KEROS GORINI
Head of International Desk Benelux, Greece, Turkey
Valérie KEROS GORINI
Head of International Desk Benelux, Greece, Turkey
Last updated: august 2024
The Crédit Agricole Group’s Benelux International Desk provides support to the Crédit Agricole Group’s business clients in Luxembourg to help them implement their operations on location, particularly opening accounts, and providing financing, and banking advice. It draws on the Group’s business units and a frontline local partner bank with a large network of branches throughout the country.
For non-banking matters, the International Desk offers the support of local law and accounting offices and its partners as well as expertise in business internationalisation.
Crédit Agricole Group has been active in Luxembourg since 1920, and currently owns more than ten entities. Among these, CA Indosuez Wealth, Luxembourg's fifth longest-established bank, has played a leading role in the development of the Luxembourg financial center. CACEIS is also based in Luxembourg, and specializes in fund administration, custodian services, execution and clearing for institutional and corporate clients.
Other entities include CALI (Crédit Agricole Life Insurance), specializing in life insurance, Amundi Asset Management in asset management, CAMCA in insurance and reinsurance, and LEASYS and OLINN in leasing.
Inaugurated in 2018, Crédit Agricole is also present through Le Village by CA Luxembourg, a start-up accelarator created by Crédit Agricole entities based in Luxembourg. The Village's vocation is to host start-ups from various geographies, working in particular in the fields of fintech, proptech and indutech.
For more information, see the list of the Crédit Agricole Group’s locations.
General Information
The Grand Duchy of Luxembourg is a highly open country offering numerous advantages, including political and social stability, a favourable legal environment, an attractive tax regime, a financial sector well-equipped to welcome foreign capital, high-quality infrastructure, as well as a highly-qualified, multilingual population with a very high quality of life.
Numerous branches of multinational businesses set up shop there to establish a starting point for developing business in Europe. Other businesses specialised in innovation and R&D are attracted by the financial support offered to them, similar to certain SMEs that benefit from subsidiaries.
To foster future growth, the Luxembourg government is focusing on Fintechs, but also on the diversification of its economy (focussing instead, in particular, on the aerospace, logistics, chemical, ICT and environmental technology sectors), a process which has been underway for several years now, in order to reduce its dependence on the financial sector. Furthermore, in the context of the COVID-19 crisis, the government has shown its willingness to invest in the ecological transition of the economy. More specifically, the measures will encourage sustainable energy renovation of housing, the transition to soft and sustainable mobility and investment in renewable energy.
In 2023, France is Luxembourg’s 3rd-largest supplier. Product quality is very important to Luxembourg consumers.
Furthermore, it is important to know that networking is often very important for conducting business in Luxembourg.
Means of Payment & Banking Specificities
Swift and SEPA transfers are very frequently used.
Transactions can be guaranteed, if required, by an insurance credit or bank guarantee. SBLC is not used very frequently.
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