Our study is based on 68 of the banks domiciled in Luxembourg in 2024. We have categorized the banks into three distinct segments based on their primary business focus:
In collaboration with
Banking industry segmentation
Two banks that specialize in issuing covered bonds were not included in these segments due to their specific business type. Branches were also excluded from our analysis.
Breakdown by business type
In this annual analysis of the Luxembourg banking market, we focus on the performance indicators that reflect the overall trends for each banking segment.
We gathered the financial data from banks’ annual accounts as of December 2024 — 60% of the banks used LuxGAAP methodology and the remaining 40% IFRS. As these methodologies result in different levels of granularity, we standardized all indicators for both accounting schemes to provide accurate and consistent results.
Regulatory classification of the 68 banks included in our analysis
Source: ECB list of supervised entities
Benchmark your bank
Click each tab to view balance sheet and P&L components together with performance indicators by bank type.
- Universal banks
- Depository banks
- Private banks
Banking insights
Delve deep into the key trends, challenges and opportunities shaping the banking sector in Luxembourg.
Meet our team
For queries, please contact:
Jasmina Salentiny
Manger, Audit
+352 621 876 471
jasmina.salentiny@kpmg.lu
