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Total profit of HSBC Private Bank in Luxembourg from 2015 to 2022 (in million euros)

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Source

Release date

September 2023

Region

Luxembourg

Survey time period

2015 to 2022

Supplementary notes

The figures have been taken from several publications.

Citation formats

Profit of HSBC Private Bank (Luxembourg) S.A. 2015-2022

Published by K. Scholle, May 14, 2024

HSBC's private banking division in Luxembourg saw a net profit loss of *** million euros in 2022. This was a decrease from the value reported in the previous year. HSBC Private Bank (Luxembourg) S.A. was established in the Grand Duchy in 1977 and almost exclusively focuses on wealth management for HNWIs (high-net-worth-individuals). Other banks from countries like the United States, China or Switzerland, established their Europe headquarters in Luxembourg to gain access to the EU internal market. This could also happen to banks from the United Kingdom, like HSBC, in the event of a Brexit.

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