Banks in the Grand Duchy of Luxembourg were making less profit in 2020 than they did in 2015, according to a decreasing ROE ratio within this timeframe. The ROE or return on equity measures is one of several measures to look into bank profitability, in this case measuring income that returned as shareholder equity. Normally, ROEs of around 15 to 20 percent are considered good returns. That Luxembourgish banks do not reach these numbers is probably due to low-interest rates, as a consequence of the monetary policy of the European Central Bank (ECB). For several years, this body maintained artificially low-interest rates in an effort to increase inflation on the European continent.
Return on equity (ROE) of banks in Luxembourg from 2015 to 2020
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European Central Bank. (October 10, 2021). Return on equity (ROE) of banks in Luxembourg from 2015 to 2020 [Graph]. In Statista. Retrieved May 23, 2022, from https://www.statista.com/statistics/1086750/roe-of-the-banking-sector-in-luxembourg/
European Central Bank. "Return on equity (ROE) of banks in Luxembourg from 2015 to 2020." Chart. October 10, 2021. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/1086750/roe-of-the-banking-sector-in-luxembourg/
European Central Bank. (2021). Return on equity (ROE) of banks in Luxembourg from 2015 to 2020. Statista. Statista Inc.. Accessed: May 23, 2022. https://www.statista.com/statistics/1086750/roe-of-the-banking-sector-in-luxembourg/
European Central Bank. "Return on Equity (Roe) of Banks in Luxembourg from 2015 to 2020." Statista, Statista Inc., 10 Oct 2021, https://www.statista.com/statistics/1086750/roe-of-the-banking-sector-in-luxembourg/
European Central Bank, Return on equity (ROE) of banks in Luxembourg from 2015 to 2020 Statista, https://www.statista.com/statistics/1086750/roe-of-the-banking-sector-in-luxembourg/ (last visited May 23, 2022)
