Number of banks reached 127 banks in 2019 in Luxembourg, according to the National Central Bank. This is 5.93 % less than in the previous year.
Historically, number of banks in Luxembourg reached an all time high of 222 banks in 1994 and an all time low of banks in. When compared to Luxembourg's main peers, number of banks in Belgium amounted to 85.0 banks, 259 banks in France, 259 banks in Germany and 88.0 banks in Netherlands in 2019.
Luxembourg has been ranked 13th within the group of 140 countries we follow in terms of number of banks, 1 places above the position seen 10 years ago.