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      Geographical origin of Luxembourg’s credit institutions

      Countries of origin: Europe

      Explore the number and geographical origins of financial institutions from European countries


      Of Luxembourg’s 118 banks (including branches and covered bonds banks) as at end 2023, 85 were from Europe, with 42 percent of these originating from Luxembourg’s three bordering countries.

      Countries of origin: worldwide

      Source: CSSF

      New entrants and leavers in Luxembourg in 2023

      • 1 Entries
      • 4 Exits

      Source: CSSF

      Change in number of credit institutions


      Banking insights

      Delve deep into the key trends, challenges, and opportunities shaping the banking sector in Luxembourg.

      What changed in 2023? Explore KPMG’s annual analysis of the banking market, based on statistical and annual accounts data

      Explore the extent of the Luxembourg banking industry’s internationalization with our banking market overview

      How does your bank perform compared to others in Luxembourg's banking sector?

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      Meet our team

      Stanislas Chambourdon

      Partner, Growth and Strategy

      KPMG in Luxembourg

      Benedikt Barz

      Partner

      KPMG in Luxembourg