卢森堡银行行业市场前景及投资研究报告-外文版培训课件

INDUSTRIES

&

MARKETSBankingindustryinLuxembourgCHAPTER

01OverviewTotalnumberofbanksinLuxembourgfrom1994to2024NumberofbanksinLuxembourg1994-20242502001501005004Description:Therewere117authorizedbanksoperatinginLuxembourginMarch2024,thelowestnumbersince1994.Despitethedecreasingnumberofbanks,theꢀtotalnumberofbankemployeesincreasedoverallinrecentyears.ThisismainlybecausebanksinLuxembourgservetwomarkets:theirhomemarketaswellastheinternationalmarket.ReadmoreNote(s):Luxembourg;1994to2024;*AsofMarch2024.ReadmoreSource(s):CSSFDistributionofthetotalnumberofbanksinLuxembourgin2022,bycountryoforiginDistributionoftotalnumberofbanksinLuxembourg2022,bycountryoriginShareoftotalbanks6%

8%0%2%4%10%12%14%16%GermanyChina14.9%11.6%11.6%LuxembourgSwitzerlandNorthAmericaFrance9.9%9.1%8.3%Japan5%5%UnitedKingdomItaly4.1%Spain3.3%3.3%BrazilOthers13.9%5Description:AuniquecharacteristicofthebankingsectorinLuxembourgisthehighshareofinternationalandforeignbanksinthecountry.BanksfromGermanymadeup14.9percentofallbanksinLuxembourgin2022,whichwasthehighestshare.Approximately11.6percentofthebankswereChinese,andtheshareofdomesticbankswasalso11.6percent.ReadmoreNote(s):Luxembourg;2022Source(s):PwCTotalassetsofthebankingindustryinLuxembourgfrom2008to2022(inbillioneuros)TotalassetsofthebankingindustryinLuxembourg2008-20221,2001,00080060040020002008200920102011201220132014201520162017201820192020202120226Description:ThebankingindustryintheGrandDuchyofLuxembourgrecordedadownwardtrendin2022intermsofassetgrowth.Assetsofthebankingsectordroppedto964.9billioneuros,from999billioneurosayearearlier.

ReadmoreNote(s):Luxembourg;2008to2022Source(s):ECBTotalassetsofthebankingindustryaspercentageofgrossdomesticproduct(GDP)inLuxembourgfrom2008to2022TotalassetsofthebankingindustryaspercentageofGDPinLuxembourg2008-2022350%300%250%200%150%100%2008200920102011201220132014201520162017201820192020202120227Description:ThetotalconsolidatedassetsofdomesticbankinggroupsasapercentageofnominalGDPinLuxembourgfluctuatedsignificantlybetween2008and2022,withthehighestvaluemeasuredin2008,ataround332.8percent.Conversely,in2010,thevalueofassetsaccountedfor147.8percentoftheGDP,thelowestrecordedvalueduringthistimeperiod.Asof2022,thedomesticbankingassetsamountedto183.48percentofthecountry'snominalGDP.

ReadmoreNote(s):Luxembourg;2008to2022Source(s):ECBAssetcompositionofthebankingindustryinLuxembourgin2023,byassettypeAssetcompositionofthebankingindustryinLuxembourg2023,byassettypeShareofassets30%0%10%20%40%50%60%LoansandadvancesCashbalancesDebtsecuritiesOtherassets55.1%26.6%13.7%2.8%Derivatives1.3%Equityinstruments0.6%8Description:LoansandadvancescomprisedthelargestshareofassetsinthebankingindustryinLuxembourg,accumulatingover55percentofallassetsintheindustry.Cashbalancesaccountedfor26.6percentofallassets.

ReadmoreNote(s):Luxembourg;Q42023Source(s):EBAAssetsofforeign-controlledbankinggroupsinLuxembourgfrom4thquarter2014to3rdquarter2023(inbillioneuros)Quarterlyassetsofforeign-controlledbankinggroupsinLuxembourg2014-20239008508007507006509Description:Theassetdevelopmentofforeign-controlledbankinggroupsinLuxembourgmarkedanoverallincreasingtrendbetween2014and2023,despiteperiodicfluctuations.Inthethirdquarterof2023,domesticbanksboastedover810billioneurosworthofassets,whichwasanotabledeclinecomparedtothesamequarterinthepreviousyear.ReadmoreNote(s):Luxembourg;Q42014toQ32023Source(s):ECBAssetsofdomesticbankinggroupsinLuxembourgfrom4thquarter2014to3rdquarter2023(inbillioneuros)QuarterlyassetsofdomesticbankinggroupsinLuxembourg2014-2023155145135125115105958510Description:TheassetdevelopmentofdomesticbankinggroupsinLuxembourgmarksanoverallincreasingtrendbetween2014and2023,despiteperiodicfluctuations.Inthethirdquarterof2023,domesticbanksboastedover124billioneurosworthofassets,whichwasanotabledeclinecomparedtothesamequarterinthepreviousyear.ReadmoreNote(s):Luxembourg;Q42014toQ32023Source(s):ECBTotalnumberofemployeesofbanksinLuxembourgfrom1992to2023NumberofbankemployeesinLuxembourg1992-202330,00025,00020,00015,00010,0005,000011Description:Approximately26,000peopleworkedinthebankingsectorinLuxembourginDecember2023.Thiswasaslightincreasecomparedtothepreviousyear.Thehighestemployeenumberduringtheobservedperiodwasreportedin2008,when27,200peoplewereemployedinLuxembourg'sbankingsector.ReadmoreNote(s):Luxembourg;1992to2023Source(s):CSSFCHAPTER

02BankingsystemefficiencyandstabilityTotalnetprofitofbanksinLuxembourgfrom1994to2022(inmillioneuros)NetprofitofbanksinLuxembourg1994-20226,0005,0004,0003,0002,0001,00001994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202213Description:ThenetprofitofbanksinLuxembourgfortheyear2022stoodatapproximately4.1billioneuros,whichwasaslightincreasecomparedtothepreviousyear,whenthebankingsectorreportedanetprofitofroughlyfourbillioneuros.In2020,thenetprofitofbankswasroughlythreebillioneuros,whichwasthelowestprofitsince2011.ReadmoreNote(s):Luxembourg;1994to2022Source(s):CSSFCost-to-incomeratioofthebankingindustryinLuxembourgfrom4thquarter2014to3rdquarter2023Quarterlycost-to-incomeratioofthebankingindustryinLuxembourg2014-202370%65%60%55%50%45%14Description:Thecost-to-incomeratioofthebankingindustryinLuxembourgexperiencedsignificantfluctuationsbetween2014and2023.Afteritreacheditspeakat64.95percentinthefirstquarterof2019,theratiostartedtodecreasegradually.Inthesecondquarterof2023,thecost-to-incomeratiowas48.15percent,whichwasthelowestvalueintheobservedperiod.ReadmoreNote(s):Luxembourg;Q42014toQ32023Source(s):ECBNetinterestincomeofthebankingindustryinLuxembourgfrom2008to2022(inbillioneuros)NetinterestincomeofthebankingindustryinLuxembourg2008-2022988.27.46765432106.366.196.196.145.975.85.595.635.115.084.774.724.2720082009201020112012201320142015201620172018201920202021202215Description:ThenetinterestincomeofthebankingindustryinLuxembourgincreasedsharplyin2022,exceedingeightbillioneuros.Incomparison,thenetinterestincomestoodat6.14billioneurosayearearlier.ReadmoreNote(s):Luxembourg;2008to2022Source(s):ECBValueofCommonEquityTier1(CET1)capitalinthebankingindustryinLuxembourgfrom4thquarter2014to3rdquarter2023(inbillioneuros)QuarterlyvalueofCET1capitalofbankingindustryinLuxembourg2014-2023908070605040302010016Description:TheamountofCommonEquityTier1(CET1)capitalinthebankingindustryinLuxembourgincreasedoverallbetween2016and2023,despiteslightfluctuations.Inthefirstquarterof2016,theCET1capitalofthebankingindustryinLuxembourgreachedbyexceeding80billioneuros.AlthoughCET1capitaldeclinedafterthefirstquarterof2016,itconsistentlyremainedabovethelevelsobservedbetween2014and2015,neverdroppingbelow47billioneurosduringthisperiod.Asofthe[...]

ReadmoreNote(s):Luxembourg;Q42014toQ32023Source(s):ECBCommonEquityTier1(CET1)ratioofthebankingindustryinLuxembourgfrom4thquarter2014to3rdquarter2023QuarterlyCET1ratioofthebankingindustryinLuxembourg2014-202340%35%30%25%20%15%10%5%0%17Description:ThesolvencyofbanksinLuxembourglargelyexceededtheminimumrequirementsin2023,althoughthesector'sCommonEquityTier1(CET1)ratiodecreasedwhencomparedtothepreviousyear.TheCET1ratioshowshowmuchcorecapitalthebankhasversusitsoutstandingrisks.Simplyput,itdisplayshowmuchcapitalabankhasinreserveintheeventtheirinvestmentsgobad.Theratioisanimportantmeasurethatwasintroducedin2014,followingthefinancialcrisis,topreventa[...]

ReadmoreNote(s):Luxembourg;Q42014toQ32023Source(s):ECBReturnonequity(ROE)ofthebankingindustryinLuxembourgfrom2ndquarter2015to4thquarter2023QuarterlyROEofthebankingindustryinLuxembourg2015-202310.0%9.0%8.0%7.0%6.0%5.0%4.0%3.0%18Description:Thereturnonequity(ROE)ofthebankingindustryinLuxembourgwitnessedsignificantfluctuationsbetween2015and2023,withanoverallupwardtrendinrecentquarters.TheROEoftheindustrystoodat9.1percentinthelastquarterof2023,markingasignificantimprovementcomparedtothefourthquarterofthepreviousyear.ReadmoreNote(s):Luxembourg;Q22015toQ42023Source(s):EBAReturnonassets(ROA)ofthebankingindustryinLuxembourgfrom2015to2022ROAofthebankingindustryinLuxembourg2015-20220.6%0.57%0.55%0.54%0.5%0.5%0.49%0.49%0.5%0.4%0.3%0.2%0.1%0.0%0.45%0.45%0.43%0.43%0.41%0.38%0.2%20110.04%2008200920102012201320142015201620172018201920202021202219Description:In2022,thereturnonassets(ROA)ofthebankingindustryinLuxembourgwas0.45percent,thesameasin2021.TheROAiscalculatedbydividingacompany'snetincomebytotalassets.Financialanalystsfrequentlyapplythisisakeyfinancialindicator,asbanksrelyonloansandmoneyflowastheirbusinessmodel.Assuch,itissaidthatevenaprofitofonepercentcouldbeasignificantnumberforabank.ReadmoreNote(s):Luxembourg;2008to2022Source(s):ECBCHAPTER

03PrivatebankingTotalassetsundermanagementAUMoftheprivatebankingsectorinLuxembourgfrom2007to2022(inbillioneuros)TotalAUMofprivatebanksinLuxembourg2007-2022700600500400599585508466395361363.43513183073032893002001000271269262225200720082009201020112012201320142015201620172018201920202021202221Description:After13consecutiveyearsofincreaseinthetotalassetsundermanagement(AUM)oftheprivatebankingsectorinLuxembourg,2022sawaslightdeclineintheAUM,droppingto585billioneuros.ꢀPrivatebankingandwealthmanagementarebothfinancialservicesthataregenerallyaimedatclientswithahigherportfoliothanregularcustomersorevenhigh-net-worth-individuals(HNWIs).Thetwotermsoverlap,butarestillslightlydifferentfromeachother.Privatebanks,ingeneral,donot[...]

ReadmoreNote(s):Luxembourg;2007to2022Source(s):ABBL;KPMGTotalassetsundermanagement(AUM)oftheprivatebankingsectorinLuxembourgfrom2015to2022,byclientwealthTotalAUMofprivatebanksinLuxembourg2015-2022,byclientwealthLessthan1millioneuros1-5millioneuros5-10millioneuros10-20millioneuros20millioneurosormore120%100%80%60%40%20%0%54%54%52%56%58%58%59%61%8%8%8%8%8%8%9%9%9%9%10%9%10%9%10%9%17%17%18%16%16%8%16%7%15%14%6%13%13%12%10%7%2015201620172018201920202021202222Description:MostoftheclientswithassetsundermanagementofthebankingsectorinLuxembourghadclientassetsover20millioneurosduringtheperiodfrom2015to2022.In2022,59percentoftheclientshadassetsover20millioneuros,whichwasaslightdecreasecomparedtothepreviousyear.Onlysevenpercentoftheclientsboastedassetsunderonemillioneuros.

ReadmoreNote(s):Luxembourg;2015to2022Source(s):ABBL;KPMGGeographicoriginsofAUMintheprivatebankingsectorinLuxembourgin2022TotalAUMofprivatebanksinLuxembourg2022,byregionoforiginLatinAmerica3.45%Restoftheworld14.7%OtherEuropeancountries40.51%Luxembourg19.29%Neighbouringcountries22.05%23Description:Over40percentoftheassetsundermanagement(AUM)oftheprivatebankingsectorinLuxembourgin2022camefromEuropeancountriesotherthanLuxembourg,France,GermanyandBelgium.TheassetsundermanagementfromLuxembourgthatyearaccountedfor19.3percentofthetotalassetsundermanagementinLuxembourg'sprivatebankingsector.Theshareofneighboringcountriesaccountedforanother22percent.

ReadmoreNote(s):Luxembourg;2022Source(s):ABBL;KPMGTotalprofitofHSBCPrivateBankinLuxembourgfrom2015to2022(inmillioneuros)ProfitofHSBCPrivateBank(Luxembourg)S.A.2015-202242.91.9200.80.20.2-0.7-2-4-6-8-6.1-7.42022201520162017201820192020202124Description:HSBC'sprivatebankingdivisioninLuxembourgsawanetprofitlossof7.4millioneurosin2022.Thiswasadecreasefromthevaluereportedinthepreviousyear.HSBCPrivateBank(Luxembourg)S.A.wasestablishedintheGrandDuchyin1977andalmostexclusivelyfocusesonwealthmanagementforHNWIs(high-net-worth-individuals).OtherbanksfromcountriesliketheUnitedStates,ChinaorSwitzerland,ꢀestablishedtheirEuropeheadquartersinLuxembourgtogainaccesstotheEU[...]ReadmoreNote(s):Luxembourg;2015to2022Source(s):PwCTotalprofitofJuliusBaerinEuropefrom2015to2022(inmillioneuros)ProfitofBankJuliusBaerEuropeS.A.2015-20226054.25040302010027.119.57.8-0.2-4.3-10-20-30-16.92018-19.420172015*2016201920202021202225Description:In2022,BankJuliusBaerEuropeS.A.reportedanoverallnetprofitofroughly27.1millioneuros.Thiswasanincreasefromthevaluereportedinthepreviousyear.TheLuxembourgsubsidiaryoftheSwissprivatebankbecamethecenterofEuropeanoperationsin2017,afterJuliusBaeracquiredtheCommerzbankbranchlocatedintheGrandDuchy.SeveralbanksfromSwitzerland,orothercountrieslikeChinaandtheUnitedStates,establishedthemselvesinLuxembourgtogainaccesstothe[...]

ReadmoreNote(s):Luxembourg;2015to2022;*2015isfromCommerzbankInternationalS.A.JuliusBaeracquiredtheLuxembourgbranchofCommerzbankin2016andformedthisintoJuliusBaerEuropeS.A.,whichbecamethecenterofEuropean[...]

ReadmoreSource(s):PwCCHAPTER

04RetailbankingTotalhouseholddepositsreceivedbybanksinLuxembourgfrom2003to2023,bycountryoforigin(inmillioneuros)DomesticandinternationalhouseholddepositsinLuxembourg2003-2023LuxembourgOthereuroareacountriesRestoftheworld50,00045,00040,00035,00030,00025,00020,00015,00010,0005,0002003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

202327Description:Non-LuxembourgishhouseholddepositsinbanksintheGrandDuchywereworthmorethan46billioneurosasof2023,indicatingtheinternationalcharacterofLuxembourgretailbanking.However,domestichouseholddepositsgrewbetween2010and2023.By2021,banksreachedmorethan45billioneurosworthofdepositsfromhouseholdslocatedwithinthecountry.ReadmoreNote(s):Luxembourg;2003to2023Source(s):BanquecentraleduLuxembourgTotalvalueofloanassetsofcreditinstitutionsinLuxembourgfromAugust2018toAugust2022(inmillioneuros)LoanassetsofcreditinstitutionsinLuxembourg2018-2022900,000800,000700,000600,000500,000400,000300,000200,000100,000028Description:ThetotalvalueofloanassetsofcreditinstitutionsinLuxembourgpeakedinMay2022.Thevalueofloansduringthatmonthreachedaround845.7billioneuros,butthevaluedroppedthefollowingmonths.Overall,thevalueofloansincreasedin2022,comparedtothepreviousyear.ReadmoreNote(s):Luxembourg;August2018toAugust2022Source(s):BanquecentraleduLuxembourgTotalhouseholdloansgrantedbybanksinLuxembourgfrom1999to2024,bytypeofloan(inmillioneuros)HouseholdloansforconsumptionandmortgagesinLuxembourg1999-2024ConsumercreditLoansforhousepurchaseOtherloans50,00045,00040,00035,00030,00025,00020,00015,00010,0005,000029Description:Inthefirstquarterof2024,banksinLuxembourgprovidedsignificantlymoreloansforrealestatepurchasesthantheydidforconsumptionpurposes.RetailbankingintheGrandDuchyhadover41billioneurosofoutstandingloansforthepurchaseofahousewithinthecountryin2023.LuxembourgwasoneofthecountrieswiththehighestꢀvolumeofloanspercapitaintheEU.ReadmoreNote(s):Luxembourg;1999to2024;*Figuresfor2024onlyrefertothefirstquarterofthatyear.Source(s):BanquecentraleduLuxembourg;TotalnumberofcreditcardsanddebitcardsinLuxembourgfrom2000to2022CreditcardanddebitcardnumberinLuxembourg2000-2022CreditcardsDebitcards10,000,0009,000,0008,000,0007,000,0006,000,0005,000,0004,000,0003,000,0002,000,0001,000,00002000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202230Description:ApproximatelytwothirdsofpaymentcardsissuedinLuxembourgwerecreditcards,reachingatotalofovertwomillionin2022.Debitcardswerefoundlessofteninthecountry,asthatyeartherewerearoundonemillionofthesecards.Thenumbersprovidedareestimates,basedonthefigurescentralbankshavetosupply.Owningapaymentcarddoesnotimmediatelyindicateitgetsregularlyused,astherearelargedifferenceswithinEuropewhenitcomestotheuseofcertain[...]

ReadmoreNote(s):Luxembourg;2000to2022;Thechangein2022maystemfromachangeinmethodology,specificallyforLuxembourg.Seethe"Details"tabformoreinformation.Source(s):BanquecentraleduLuxembourg;ECBNon-performingloan(NPL)ratioinBelgium,LuxembourgandtheNetherlands(Benelux)comparedtotheEuropeanEconomicAreafromSeptember2016toSeptember2022NPLratiointheBeneluxregion2016-2022BelgiumLuxembourgNetherlandsEuropeanEconomicArea6.0%5.0%4.0%3.0%2.0%1.0%0.0%Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep2016

2016

2017

2017

2017

2017

2018

2018

2018

2018

2019

2019

2019

2019

2020

2020

2020

2020

2021

2021

2021

2021

2022

2022

202231Description:EachoftheBeneluxcountrieshadalowernon-performingloan(NPL)ratiothantheaveragefortheEuropeanEconomicAreain2022.TheNPLratiomeasurestheshareofloansbyabankwhichhavebeenpastdueforacertainperiod.IntheEU,theNPLratiodecreasessignificantlybetween2016and2022.TheNetherlandsandBelgiumfollowedthistrend,withtheirratioreachingsimilarlevelstothatinLuxembourg.AlargepartoftheprivatedebtintheNetherlandsiscomprisedof[...]

ReadmoreNote(s):Belgium,Luxembourg,Netherlands;September2016toSeptember2022;ThefigureshavebeentakenfromseveralpublicationsSource(s):EBAGrosssavingspercapitainBelgium,Luxembourg,andtheNetherlandsfrom2017to2022(ineurospercapita)GrosssavingspercapitainBelgium,Luxembourg,andtheNetherlands2017-2022BelgiumLuxembourgNetherlands12,00010,0008,0006,0004,0002,000020172018201920202021202232Description:ThegrosssavingspercapitainBelgium,LuxembourgandtheNetherlandsincreasedalotin2020.In2022,thegrosssavingsinBelgiumfellbyroughly1,109eurospercapita.ThesavingsinLuxembourgwerehigherthanthoseoftheotherBeneluxcountries.ThesavingsrateofhouseholdsinBelgium,calculatedasshareofgrossdisposableincome,isexpectedtofallinthecomingyears.ReadmoreNote(s):Belgium,Luxembourg,Netherlands;2017to2022;Thefigureshavebeentakenfromseveraleditionsofthesamepublications.Source(s):ECBOnlinebankingpenetrationinLuxembourgfrom2005to2023OnlinebankingpenetrationinLuxembourg2005-202380%70%60%50%40%30%20%10%0%76%72%71%71%71%71%70%68%67%65%63%63%59%56%54%48%46%41%37%200520062007200820092010201120122013201420152016201720182019202020212022202333Description:In2023,theshareofindividualswhousedonlinebankinginLuxembourgwas71percent,whichwasaonepercentagepointincreasecomparedtothepreviousyear.

ReadmoreNote(s):Luxembourg;2005to2023Source(s):EurostatCHAPTER

05CorporatebankingTotalvalueofoutstandingbusinessloansfromsmallandmediumenterprises(SMEs)inLuxembourgfrom2007to2022(inmillioneuros)OutstandingbusinessloansfromSMEsinLuxembourg2007-202220,00017,97918,00016,00014,00012,00010,0008,0006,0004,0002,000015,59315,44114,75414,55513,71312,80010,76510,44010,14210,1849,6989,3959,3368,6828,760200720082009201020112012201320142015201620172018201920202021202235Description:Asof2022,thetotalvalueofoutstandingbusinessloansfromsmallandmediumenterprises(SMEs)inLuxembourgamountedtoapproximately8.76billioneuros.Thiswasamoderatedecreasecomparedtothepreviousyear,whenloansfromSMEsexceeded9.3billioneuros.ReadmoreNote(s):Luxembourg;2007to2022Source(s):OECDPercentageofsmallandmediumenterprises(SMEs)thatmadealoanapplicationinLuxembourgfrom2011to2022ShareofSMEsthatmadealoanapplicationinLuxembourg2011-202235%30%32.28%27.77%27.02%26.15%25.8%25%20%15%10%5%23%22.68%18.93%18.2%17.2%16.4%0%0%20112012*201320142015201620172018201920202021202236Description:Asof2022,theshareofsmallandmediumenterprises(SMEs)inLuxembourgthatmadealoanapplicationwas17.2percent,whichwasanotabledecreasecomparedtothepreviousyear.Intheobservedperiod,2018wastheyearwiththehighestshareofSMEsthatmadeloanapplications,atover32percent.ReadmoreNote(s):Luxembourg;2011to2022;*Nonumberwasprovidedfor2012.

Releasedateisdateofaccess.

ReadmoreSource(s):OECDLeadingbanksforlargecorporationsinBelgiumandLuxembourgfrom2017to2024,bymarketpenetrationrateMarketpenetrationofbanksforBelgiumandLuxembourglargecorporations2017-2024BNPParibasFortisINGBankKBC120%100%80%60%40%20%0%97%97%96%95%81%93%93%92%91%76%76%76%76%75%75%

75%73%73%73%70%69%62%61%60%2017201820192020202120222023202437Description:In2024,BNPParibasFortisreachedthehighestcorporatebankingmarketpenetrationofbankscomingfromBelgiumandLuxembourg.97percentoffinancialofficers(includingCFOs,treasurersandfinancedirectorsatcompaniesandfinancialinstitutionswithsalesofmorethan500millioneuros)saidtheybelievedtheBelgiandaughterofBNPParibastobeanimportantproviderofcorporatebankingservices.Thebank’stotalassetswerevaluedat350.9billioneurosin2022.Belgium[...]

ReadmoreNote(s):Belgium,Luxembourg;July2023toDecember2023;90respondents;18yearsandolder;CFOs,financedirectorsandtreasurersoftop-tiercompaniesSource(s):GreenwichAssociatesCHAPTER

06DomesticbanksLeadingbankswithdomesticoriginsinBelgium,Luxembourg,andtheNetherlands(Benelux)in2023,bytotalassets(inmillioneuros)LargestdomesticbanksinBenelux2023,byassetsTotalassetsinmillioneuros0100,000200,000300,000400,000500,000600,000700,000800,000900,0001,000,000

1,100,000975,583ING(NL)Rabobank(NL)ABNAmro(NL)BNPParibasFortis(BE)KBC(BE)613,796377,909373,880346,921Belfius(BE)179,179115,540BNGBank(NL)NWBBank(NL)Volksbank(NL)BCEE(LU)75,90971,06056,32439Description:In2023,thevalueofassetsheldbytheDutchINGreachedatotalofapproximately975.6billioneuros,makingittheleadingbankintheBeneluxregionintermsoftotalassets.Incomparison,BNPParibasFortis,theleadingBelgianbank,hadassetsamountingtoapproximately373.9billioneuros.TheassetsofbankswithLuxembourgianoriginswerelowerthanthosefromBelgiumandtheNetherlands.ThisispartlybecausetheGrandDuchyhasmanylargeforeignbankswithinthecountry.

ReadmoreNote(s):Belgium,Europe,Luxembourg,Netherlands;2023Source(s):ABNAMRO;BCEELuxembourg;BelfiusBankandInsurance;BNPParibasFortis;ING;KBCBank;Rabobank;Volksbank;Website()TotalassetsofBanqueetCaissed’Epargnedel’Etat(BCEE)from2014to2023(inmillioneuros)TotalassetsofBanqueetCaissed’Epargnedel’Etat(BCEE)2014-202360,00050,00056,08156,18453,42550,23147,90445,98445,50943,46942,81141,21140,00030,00020,00010,0000201420152016201720182019202020212022202340/statistics/737090/total-assets-of-bceeThetotalassetsofBanqueetCaissed’Epargnedel’Etat(BCEE)increasedsteadilybetween2014and2023.Asof2023,BCEE'stotalassetsexceeded56billioneuros,whichmarkedanincreaseofmorethan100millioneuroscomparedtothepreviousyear.ReadmoreNote(s):Luxembourg;2014to2023Source(s):BCEELuxembourgCommonEquityTier1(CET1)ratioofBanqueetCaissed’Epargnedel’Etat(BCEE)from2014to2023CET1ratioofBanqueetCaissed’Epargnedel’Etat(BCEE)2014-202325%20%22.1%22%21.8%21.6%21.2%20.94%18.3%18.3%17.8%17.7%15%10%5%0%201420152016201720182019202020212022202341Description:Between2014and2023,theCommonEquityTier1(CET1)ratioofBanqueetCaissed’Epargnedel’Etat(BCEE)increasedoverall,albeitwithslightfluctuations.In2021,theCET1ratioreachedavalueof22.1percent,whichwasthehighestratiorecordedduringthisperiod.Asof2023,theCET1ratioofBCEEstoodat21.8percent,reflectingaslightdecreasecomparedtothepreviousyear.

ReadmoreNote(s):Luxembourg;2014to2023Source(s):BCEELuxembourgTotalassetsofBanqueInternationaleàLuxembourgfrom2014to2023(inmillioneuros)TotalassetsofBanqueInternationaleàLuxembourg2014-202335,00030,00025,00032,44632,41230,55730,53528,10025,48423,75323,14921,47620,28620,00015,00010,0005,0000201420152016201720182019202020212022202342Description:Thetotalassetso