List of banks in Luxembourg

The following list of banks in Luxembourg is to be understood within the framework of the European single market and European banking union, which means that Luxembourg's banking system is more open to cross-border banking operations than peers outside of the EU. The list leaves aside the country's National Central Bank within the Eurosystem, the Central Bank of Luxembourg.

Policy framework

European banking supervision distinguishes between significant institutions (SIs) and less significant institutions (LSIs), with SI/LSI designations updated regularly by the European Central Bank (ECB). Significant institutions are directly supervised by the ECB using joint supervisory teams that involve the national competent authorities (NCAs) of individual participating countries. Less significant institutions are supervised by the relevant NCA on a day-to-day basis, under the supervisory oversight of the ECB.[1] In Luxembourg's case, the NCA is the Commission de Surveillance du Secteur Financier.[2]

Significant institutions

As of 1 September 2025, the list of supervised institutions maintained by the ECB included the following two Luxembourg-based banking groups as SIs, with names as indicated by the ECB for each group's consolidating entity:[3]

In addition to these, multiple other euro-area-based banking SI groups have operations in the country. A study published in 2024 assessed that the largest bank by assets in Luxembourg (as opposed to total consolidated assets) at end-2023 was Société Générale (€66.4 billion), followed by BNP Paribas (€63.3 billion, via BGL BNP Paribas), BCEE (€56.2 billion), Deutsche Bank (€32.3 billion), BIL (€30.5 billion), DZ Bank (€25.7 billion), Intesa Sanpaolo (€22.2 billion), ING (€14.4 billion), Crédit Mutuel (€14.1 billion, via Banque de Luxembourg), and Quintet Private Bank (€12.1 billion).[4]: 28–29  Per the September 2025 ECB list, the other SIs based in the euro area that had subsidiaries in Luxembourg are Bankinter, BPER, BPCE, CaixaBank, Commerzbank, Crédit Agricole, Eurobank Ergasias, HSBC Continental Europe, Mediobanca, NORD/LB, RBS Holdings NV (Dutch subsidiary of NatWest), and UniCredit.[3]

Conversely, three SIs in other euro-area countries were under a Luxembourg-based consolidating entity. these are, respectively:[3]

  • Atlantic Lux HoldCo Sàrl, parent of Aareal Bank in Germany
  • LSF Nani Investments Sàrl, parent of Novo Banco in Portugal
  • OTP Luxembourg Sàrl, subsidiary of OTP Group and parent of OTP Banka in Slovenia

Less significant institutions

As of 1 September 2025, the ECB's list of supervised institutions included 53 Luxembourgish LSIs.[3]

High-impact LSIs

Of these, the following three were designated by the ECB as "high-impact" on the basis of several criteria including size:

Other Luxembourg LSIs under euro-area ownership

The remaining five LSIs were:

Non-euro-area-controlled LSIs

Based on the same ECB list, and not counting the two above-listed high-impact LSIs affiliated with Bank of China and PayPal, 37 Luxembourgish LSIs were intermediate holdings and/or subsidiaries or branches of financial groups based outside the euro area:

In addition, 8 Luxembourg LSIs are privately owned by non-euro-area-based individual or funds:

A number of LSIs in other euro-area countries are similarly owned privately through Luxembourg-based holding entities.[3]

Third-country branches

As of 13 October 2025, the following banks established outside the European Economic Area had branches in Luxembourg ("third-country branches" in EU parlance):[5]

Defunct banks

A number of former Luxembourg banks, defined as having been based in the present-day territory of Luxembourg , are documented on Wikipedia. They are listed below in chronological order of establishment.

See also

References

  1. ^ "What are less significant institutions?". European Central Bank. 2 August 2024.
  2. ^ "Members and Observers". European Banking Authority. Retrieved 19 November 2025.
  3. ^ a b c d e List of supervised entities - Cut-off date for changes in group structures: 1 September 2025 (PDF), European Central Bank, 24 October 2025
  4. ^ Giulia Gotti, Conor McCaffrey & Nicolas Véron (October 2024), Banking union and the long wait for cross-border integration (PDF), European Parliament
  5. ^ a b "The EBA updates list of third-country groups and branches operating in the European Union and the European Economic Area", European Banking Authority, 13 October 2025
  6. ^ Pillar 3 Report For the financial year ending 31 December 2024 - MoneyBall BidCo S.a.r.l. (parent company of Banking Circle S.A.) (PDF), Banking Circle, July 2025
  7. ^ Thierry Labro (16 May 2025). "Don Seymour, discret propriétaire de la Fundbank". Paperjam.
  8. ^ Jonas Mercier (14 April 2017). "Une nouvelle banque pour les PME au Luxembourg". Paperjam.
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