Overview
Luxembourg’s financial centre offers a broad spectrum of services, linking investors and markets across the globe while also serving local clients. Thanks to its stability and forward-thinking approach, Luxembourg stands out as a prime European hub for international financial institutions.
A Wide Range of Skills and a Wide Geographical Diversity
The Luxembourg Banking Services Centre
Retail Banking
Daily banking services for individual consumers or SMEs, e.g. savings accounts, loans and payment solutions. A very competitive market.
95% of payments are made cashless / digital, placing Luxembourg now second highest in Europe.
Source: Survey on the payment attitudes of consumers in the euro area (SPACE), European Central Bank, 2024
Private Banking
Supporting a wealthy clientele of Luxembourg or international families and entrepreneurs protect, grow and transmit their assets.
43 banks
active in private banking.
N°1 private banking centre
in the eurozone with 628bn AuM.
85%
of clients domiciled in Europe.
Source: ABBL – KPMG – CSSF Corporate Banking Survey December 2023 figures
Corporate & Institutional Banking
Targeting national and international corporates by offering services such as corporate loans, debt structuring, cash management and trade finance.
95% of payments are made cashless / digital, placing Luxembourg now second highest in Europe.
Source: ABBL – KPMG – CSSF Corporate Banking Survey December 2022 figures
Depositary & Custodian Banking
Bank services catering to the need of the fund industry.
An industry tailored to the leading position occupied by the Luxembourg fund industry, with
6,44tn AuD
and
3,58tn AuC
respectively.
Source: ABBL – KPMG – CSSF Depositary & Custodian Banking Survey December 2023 figures
E-money & Payment institutions
Services meeting the needs of a digital economy, from consumers who increasingly shop online, to SMEs eager to expand cross-border, to merchants who need real-time cash flow visibility, and large corporates focused on optimising liquidity and operational efficience.
Total loans granted by banks to households amount to
EUR 76.060 million
of which
EUR 49.035 million
were dedicated to residential real estate.
Source: Survey on the payment attitudes of consumers in the euro area (SPACE), European Central Bank, 2024
Investment firms, PFSs, consulting firms, law firms, fintechs,…
Total balance sheet in bn EUR
Stable and Multicultural Workforce in banks
Average Age (2023)
Average Years of Service (2023)
Number of Authorised Banks
Employees' Distribution by Citizenship
2024: Satisfying Results - Banks’ Profit and Loss
