This statistic shows the total number of domestic branches of the three leading domestic banks in Luxembourg as of early 2019. At the beginning of 2019, Banque et Caisse d’Epargne de l’Etat (BCEE) reached 64 branches and was the Luxembourgish bank with the most domestic branches in the country. Banque Internationale à Luxembourg was the second-largest, reaching a number of 41 offices.
Luxembourg is an international financial center in the European Union, with over 140 international banks having an office in the Grand Duchy. In May 2017, for example, the number of banks in Luxembourg which originated from Germany reached a total of 24. Around 15 banks in the Luxembourg banking sector were from France.
The Grand Duchy's fund industry is one of the largest in Europe. In 2016, for example, the total value of investments in private equity companies in Luxembourg amounted to approximately 465 million euros.
Largest domestic banks in Luxembourg as of January 2019, by number of bank branches
The numbers provided indicate the domestic branches from the three leading domestic banks. These banks have been selected by the net profit reached in 2018. Banks with a country of origin other than Luxembourg were omitted, as the Grand Duchy has many foreign banks in the country.
The figures have been taken from several publications.
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BCEE Luxembourg, & Banque Internationale à Luxembourg, & Banque de Luxembourg. (March 29, 2019). Largest domestic banks in Luxembourg as of January 2019, by number of bank branches [Graph]. In Statista. Retrieved February 25, 2020, from https://www.statista.com/statistics/734147/number-of-domestic-branches-of-three-leading-domestic-banks-in-luxembourg/
BCEE Luxembourg, und Banque Internationale à Luxembourg, und Banque de Luxembourg. "Largest domestic banks in Luxembourg as of January 2019, by number of bank branches." Chart. March 29, 2019. Statista. Accessed February 25, 2020. https://www.statista.com/statistics/734147/number-of-domestic-branches-of-three-leading-domestic-banks-in-luxembourg/
BCEE Luxembourg, Banque Internationale à Luxembourg, Banque de Luxembourg. (2019). Largest domestic banks in Luxembourg as of January 2019, by number of bank branches. Statista. Statista Inc.. Accessed: February 25, 2020. https://www.statista.com/statistics/734147/number-of-domestic-branches-of-three-leading-domestic-banks-in-luxembourg/
BCEE Luxembourg, and Banque Internationale à Luxembourg, and Banque de Luxembourg. "Largest Domestic Banks in Luxembourg as of January 2019, by Number of Bank Branches." Statista, Statista Inc., 29 Mar 2019, https://www.statista.com/statistics/734147/number-of-domestic-branches-of-three-leading-domestic-banks-in-luxembourg/
BCEE Luxembourg & Banque Internationale à Luxembourg & Banque de Luxembourg, Largest domestic banks in Luxembourg as of January 2019, by number of bank branches Statista, https://www.statista.com/statistics/734147/number-of-domestic-branches-of-three-leading-domestic-banks-in-luxembourg/ (last visited February 25, 2020)
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