Precision Capital, owned by Qatar’s royal family, could sell its controlling share in Banque Internationale à Luxembourg, Bloomberg has reported. Pictured: A worker installs the then-new logo of Banque Internationale à Luxembourg on its headquarters in Luxembourg City after Precision Capital bought a 90% stake in the bank in 2012. Maison Moderne (archives)

Precision Capital, owned by Qatar’s royal family, could sell its controlling share in Banque Internationale à Luxembourg, Bloomberg has reported. Pictured: A worker installs the then-new logo of Banque Internationale à Luxembourg on its headquarters in Luxembourg City after Precision Capital bought a 90% stake in the bank in 2012. Maison Moderne (archives)

The family’s investment vehicle in the grand duchy, Precision Capital, has held 90% of the bank’s shares since 2012.

Precision is holding preliminary talks with potential buyers, according to Bloomberg. The sale could net around $1.5bn, the news service said on Thursday.

Representatives of Precision, Bil and Luxembourg’s finance ministry declined to comment, Bloomberg reported.

Bil is the oldest private bank in Luxembourg. Its net income dropped from €108m to €45m between the first halves of 2015 and 2016.