Banque Internationale à Luxembourg S.A. (BIL) founded in 1856, a key player in the Luxembourgish Financial Market. Founded in 1856, the bank was a major bank of Luxembourg. In 1982, the BIL opened a subsidiary in Singapore. The BIL was acquired by Dexia in 1999. In 2012 Dexia sold BIL for €730 million to Precision Capital, which also owned KBL European Private Bankers. In 2015, the BIL closed its Singapore subsidiary.