Profit of HSBC Private Bank (Luxembourg) S.A. 2015-2018

HSBC's private banking division in Luxembourg reached a net profit of 200,000 euros in 2018. This is 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.

Total profit of HSBC Private Bank in Luxembourg from 2015 to 2018

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Source

Release date

September 2019

Region

Luxembourg

Survey time period

2015 to 2018

Supplementary notes

The figures have been taken from several publications.

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Statistics on "Banking in Luxembourg"

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