Banking industry in Luxembourg - statistics & facts
Luxembourg stands out as one of the leading financial centers in Europe, boasting several unique characteristics. Notably, the banking sector in Luxembourg is one of the most crucial contributors to the country’s economy. The combined assets of the Grand Duchy's banking institutions exceed ten times the country's GDP. However, this remarkable figure is not solely attributable to domestic banks; rather, it underscores another defining characteristic of the industry: the prominent role of foreign banks within the country.
