Number of banks in Luxembourg 1994-2024

Published by Statista Research Department, May 17, 2024

There were 117 authorized banks operating in Luxembourg in March 2024, the lowest number since 1994. Despite the decreasing number of banks, the total number of bank employees increased overall in recent years. This is mainly because banks in Luxembourg serve two markets: their home market as well as the international market.

Total number of banks in Luxembourg from 1994 to 2024

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Release date

April 2024

Region

Luxembourg

Survey time period

1994 to 2024

Supplementary notes

*As of March 2024.

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