Evolution of the Luxembourg banking industry
What changed in 2024? Explore KPMG’s annual analysis of the banking market, based on statistical and annual accounts data.
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Daniel Rech
Partner, Banking Market Leader
KPMG in Luxembourg
In collaboration with
Geographical origin of Luxembourg’s credit institutions
Origin of financial institutions in Luxembourg
Source: CSSF
Countries of origin: Europe
Explore the number and geographical origins of financial institutions from European countries
Source: CSSF
Of Luxembourg’s 115 banks as at end 2024, 81 were from Europe, with 34 percent of these originating from Luxembourg’s three bordering countries.
Countries of origin: worldwide
Source: CSSF
New entrants and leavers in Luxembourg in 2024
- 2 Entries
- 5 Exits
Change in number of credit institutions
Source: CSSF
Banking insights
Delve deep into the key trends, challenges and opportunities shaping the banking sector in Luxembourg.
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