The cost-to-income ratio of the banking industry in Luxembourg experienced significant fluctuations between 2014 and 2024. After it reached its peak at 64.95 percent in the first quarter of 2019, the ratio started to decline gradually. In the second quarter of 2024, it stood at 45.75 percent, which was the lowest ratio during this period.
Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024
Characteristic
Cost-to-income ratio
Q4 2014
53.21%
Q1 2015
49.68%
Q2 2015
50.85%
Q3 2015
52.48%
Q4 2015
53.63%
Q1 2016
57.36%
Q2 2016
54.84%
Q3 2016
54.53%
Q4 2016
52.01%
Q1 2017
54.8%
Q2 2017
51.91%
Q3 2017
55.1%
Q4 2017
55.97%
Q1 2018
60.6%
Q2 2018
59.99%
Q3 2018
58.31%
Q4 2018
59.29%
Q1 2019
64.95%
Q2 2019
62.33%
Q3 2019
61.63%
Q4 2019
62.19%
Q1 2020
63.49%
Q2 2020
60.71%
Q3 2020
61.89%
Q4 2020
61.58%
Q1 2021
63.08%
Q2 2021
59.99%
Q3 2021
61.08%
Q4 2021
61.19%
Q1 2022
59.06%
Q2 2022
55.03%
Q3 2022
53.95%
Q4 2022
56.41%
Q1 2023
50.07%
Q2 2023
48.15%
Q3 2023
48.16%
Q4 2023
50.16%
Q1 2024
48.64%
Q2 2024
45.75%
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Data refers to domestic banking groups and stand-alone banks, foreign (EU and non-EU) controlled subsidiaries and foreign (EU and non-EU) controlled branches.
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ECB. (October 31, 2024). Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024." Chart. October 31, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/
ECB. (2024). Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/
ECB. "Cost-to-income Ratio of The Banking Industry in Luxembourg from 4th Quarter 2014 to 2nd Quarter 2024." Statista, Statista Inc., 31 Oct 2024, https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/
ECB, Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024 Statista, https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/ (last visited December 21, 2024)
Cost-to-income ratio of the banking industry in Luxembourg from 4th quarter 2014 to 2nd quarter 2024 [Graph], ECB, October 31, 2024. [Online]. Available: https://www.statista.com/statistics/1466294/luxembourg-cost-to-income-ratio-banking-industry-quarterly/