2024 marked a pivotal year for ABBL and Luxembourg’s financial sector as the industry continued to navigate a rapidly evolving global environment. Despite persistent macroeconomic uncertainty and fluctuating interest rate cycles, ABBL members demonstrated resilience and adaptability, underpinned by prudent risk management and sustained investment in innovation. The sector’s contribution to Luxembourg’s GDP remained stable, reinforcing the nation’s position as a leading European financial hub.
In line with its strategic priorities, ABBL focused on advancing digital transformation, promoting sustainable finance, and strengthening regulatory dialogue. Key initiatives included the expansion of the Digital Banking Task Force, the launch of new ESG reporting frameworks, and closer collaboration with European institutions on financial stability and competitiveness. ABBL also intensified its advocacy efforts to ensure proportionate regulation and a level playing field for both traditional and emerging players.
Looking ahead, ABBL remains committed to fostering innovation, supporting sustainable economic growth, and reinforcing Luxembourg’s global reputation as a trusted, forward-looking financial center.
