From 2014 to 2023, the net operating income of the banking industry in Luxembourg witnessed growth, albeit with some fluctuations in the first five years. However, it remained relatively stable above 12 billion euros. After 2017, net operating income experienced more than six billion euros of growth, reaching 19.87 billion euros in 2023. The overall positive changes in net operating income during this period reflect improved efficiency and the financial strength of the banking industry in Luxembourg.
Net operating income of the banking industry in Luxembourg from 2014 to 2023
(in billion euros)
Data refers to domestic banking groups and stand alone banks, foreign (EU and non-EU) controlled subsidiaries and foreign (EU and non-EU) controlled branches.
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ECB. (June 13, 2024). Net operating income of the banking industry in Luxembourg from 2014 to 2023 (in billion euros) [Graph]. In Statista. Retrieved September 21, 2024, from https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/
ECB. "Net operating income of the banking industry in Luxembourg from 2014 to 2023 (in billion euros)." Chart. June 13, 2024. Statista. Accessed September 21, 2024. https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/
ECB. (2024). Net operating income of the banking industry in Luxembourg from 2014 to 2023 (in billion euros). Statista. Statista Inc.. Accessed: September 21, 2024. https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/
ECB. "Net Operating Income of The Banking Industry in Luxembourg from 2014 to 2023 (in Billion Euros)." Statista, Statista Inc., 13 Jun 2024, https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/
ECB, Net operating income of the banking industry in Luxembourg from 2014 to 2023 (in billion euros) Statista, https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/ (last visited September 21, 2024)
Net operating income of the banking industry in Luxembourg from 2014 to 2023 (in billion euros) [Graph], ECB, June 13, 2024. [Online]. Available: https://www.statista.com/statistics/1465454/luxembourg-banking-industry-net-operating-income/