Profit of JPMorgan Bank Luxembourg S.A. 2015-2021
In 2021, JPMorgan Bank Luxembourg S.A. reached a net profit of 257 million euros. This was an increase from the value reported in the previous year, but still did not reach the net profit of the year 2019. JPMorgan's branch in Luxembourg focuses on private banking and wealth management, an activity that was bolstered in 2018 after it took over several of the assets of JPMorgan International Bank Limited in the United Kingdom. Other banks from the United States, or banks from countries like China or Switzerland, established their Europe headquarters in Luxembourg to gain access to the EU internal market.
