Luxembourg is an international financial center in the European Union, with over 140 international banks having an office in the country. In the Global Financial Centers Index, Luxembourg was ranked as one of the most competitive financial centers in Europe. In 2022, banks in the Grand Duchy with a domestic Luxembourg background had a cost-income ratio of approximately 67.6 percent.
Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin
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PwC. (September 26, 2023). Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/
PwC. "Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin." Chart. September 26, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/
PwC. (2023). Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/
PwC. "Cost-income Ratio of Banks in Luxembourg from 2014 to 2022, by Country of Origin." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/
PwC, Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin Statista, https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/ (last visited July 27, 2024)
Cost-income ratio of banks in Luxembourg from 2014 to 2022, by country of origin [Graph], PwC, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/668227/cost-income-ratio-of-banks-in-luxembourg-by-country-of-origin/