Aggregated balance sheet total of banks in Luxembourg 2019, by country of origin
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 2018, banks in the Grand Duchy from the UK/US segment, China, France and Luxembourg saw an increase of their on-balance sheet business.