Number of banks reached 135 banks in 2018 in Luxembourg, according to the National Central Bank. This is 2.88 % 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 108 banks in 1979. When compared to Luxembourg's main peers, number of banks in Belgium amounted to 87.0 banks, 259 banks in France, 267 banks in Germany and 93.0 banks in Netherlands in 2018.
Luxembourg has been ranked 12th within the group of 151 countries we follow in terms of number of banks, 1 places above the position seen 10 years ago.