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The financial sector in Luxembourg - Statistics & Facts

Financial activities in Luxembourg rank as the most international-minded of all countries in the Benelux region. Take for instance, the number of banks in the country. At the end of 2019, only eight of the 129 banks located in the Grand Duchy were from Luxembourg itself, and approximately 64 percent of clients in private banking in Luxembourg came from other European countries or neighboring ones such as Belgium, France and Germany. The country is an attractive place for both foreign investments and private clients. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the sixth most competitive financial center in Europe after London, Zürich, Frankfurt, Paris and Geneva. Luxembourg's three traditional strengths involve its activities in investment funds, banking, and insurance.

How many registered funds are there in Luxembourg?

The investment fund industry of Luxembourg ranks among the biggest of the world. The total number of investment funds maintained its stability of the last years and reached a total of 3,746 in 2019. These funds reached a value of net assets under management of approximately 4,719 billion euros. The reason for Luxembourg's success comes from the country's combination of strict consumer protection along with its flexibility in fund types. At the end of 2019, the distribution of total net assets in the UCI sector (undertakings for collective investment, a term used for investment funds) shows that bonds represented approximately 30 percent.

Luxembourg’s international insurance industry

An appealing legal and economic framework helped Luxembourg establish itself as a hub for European insurance, most notably reinsurance. In 2019, the largest revenue of reinsurance companies in Luxembourg came from premiums out of Switzerland: nearly 7.4 billion euros worth of premiums originate from this country. France and Germany are both responsible for roughly one billion euros worth of gross written premiums of reinsurance companies in Luxembourg. Unlike neighboring countries in Europe and much like Switzerland, Luxembourg has a strong international orientation when it comes to insurance.

Key figures

The most important key figures provide you with a compact summary of the topic of "The financial sector in Luxembourg" and take you straight to the corresponding statistics.

Banking in Luxembourg

Insurance in Luxembourg

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "The financial sector in Luxembourg".

The financial sector in Luxembourg

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The financial sector in Luxembourg - Statistics & Facts

Financial activities in Luxembourg rank as the most international-minded of all countries in the Benelux region. Take for instance, the number of banks in the country. At the end of 2019, only eight of the 129 banks located in the Grand Duchy were from Luxembourg itself, and approximately 64 percent of clients in private banking in Luxembourg came from other European countries or neighboring ones such as Belgium, France and Germany. The country is an attractive place for both foreign investments and private clients. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the sixth most competitive financial center in Europe after London, Zürich, Frankfurt, Paris and Geneva. Luxembourg's three traditional strengths involve its activities in investment funds, banking, and insurance.

How many registered funds are there in Luxembourg?

The investment fund industry of Luxembourg ranks among the biggest of the world. The total number of investment funds maintained its stability of the last years and reached a total of 3,746 in 2019. These funds reached a value of net assets under management of approximately 4,719 billion euros. The reason for Luxembourg's success comes from the country's combination of strict consumer protection along with its flexibility in fund types. At the end of 2019, the distribution of total net assets in the UCI sector (undertakings for collective investment, a term used for investment funds) shows that bonds represented approximately 30 percent.

Luxembourg’s international insurance industry

An appealing legal and economic framework helped Luxembourg establish itself as a hub for European insurance, most notably reinsurance. In 2019, the largest revenue of reinsurance companies in Luxembourg came from premiums out of Switzerland: nearly 7.4 billion euros worth of premiums originate from this country. France and Germany are both responsible for roughly one billion euros worth of gross written premiums of reinsurance companies in Luxembourg. Unlike neighboring countries in Europe and much like Switzerland, Luxembourg has a strong international orientation when it comes to insurance.

Interesting statistics

In the following 4 chapters, you will quickly find the {amountStatistics} most important statistics relating to "The financial sector in Luxembourg".

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