Key Figures FIND OUT MORE ABOUT THE KEY FIGURES OF THE LUXEMBOURG FINANCIAL CENTRE PRIVATE BANKING RETAIL BANKING BANKS EMPLOYMENT
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1 Key Figures FIND OUT MORE ABOUT THE KEY FIGURES OF THE LUXEMBOURG FINANCIAL CENTRE PRIVATE BANKING BANKS RETAIL BANKING EMPLOYMENT DIGITAL BANKING & FINTECH
2 WHO WE ARE Established in 1939, the Luxembourg Bankers Association (ABBL) is the oldest and largest professional association in the financial sector, representing the majority of financial institutions as well as regulated financial intermediaries and other professionals established in Luxembourg, including lawyers, consultants and auditors working in or for the financial sector. WHAT WE DO The ABBL provides its members with the intelligence, resources and services they need in order to operate in a dynamic financial market and in an increasingly complex regulatory environment. We also provide our members with a platform to discuss key industry issues and to define common strategies for the entire Luxembourg financial sector. REPRESENTATION The ABBL represents its members interests and actively participates in all relevant national and international bodies and committees. ANALYSIS The ABBL monitors and keeps its members informed and up-to-date about the latest legal and regulatory developments as well as new technologies impacting their business. ASSISTANCE & ADVICE Recommendations and guidelines Technical assistance Social & Labour affairs Training via the House of Training Health & Safety Promotion & Communication
3 BANKING CLUSTERS THE RETAIL BANKING CLUSTER (RBCL) Regroups member banks active in retail financial services. THE COMMERCIAL BANKING CLUSTER (CBCL) Regroups member banks active in corporate and institutional banking including covered bonds issuing banks. THE PRIVATE BANKING GROUP (PBGL) Regroups member banks active in Private Banking and Wealth Management. THE DEPOSITARY BANKING CLUSTER (DBCL) Regroups member banks active in the depositary and custodian business services. THE DIGITAL BANKING AND FINTECH INNOVATION CLUSTER (DBFI) Aims at raising awareness, giving advice and supporting banks and traditional financial actors in achieving their digital transformation by using disruptive technologies and business models within an appropriate innovation-promoting regulatory framework. NON-BANKING CLUSTERS THE MARKET INFRASTRUCTURES CLUSTER (MICL) Aims at representing and promoting securities market infrastructures interests from a regulatory perspective as well as through their harmonized development in support of the financial centre of Luxembourg. THE LAW FIRMS CLUSTER Regroups firms which have a strong focus on legal activities in the areas of banking and capital markets. THE CONSULTANTS/AUDITORS CLUSTER Regroups members who are consultants or auditors and have a strong focus on consulting or audit activities in the areas of banking and capital markets and European banking and financial law.
4 Banks STRONG, INTERNATIONAL AND DIVERSIFIED NUMBER OF BANKS PER COUNTRY OF ORIGIN Source: CSSF SOURCES OF BANKING INCOME Source: CSSF INTEREST-RATE MARGIN COMMISSION INCOME OTHER NET INCOME EUROPE 91 WORLD 24 GERMANY 15 FRANCE 8 ITALY 48 8 UK CHINA 13 7 SWEDEN SWITZERLAND 11 6 LUXEMBOURG JAPAN 6 4 BELGIUM USA 5 3 NETHERLANDS BRAZIL 4 3 SPAIN QATAR 3 2 ANDORRA ISRAEL 2 2 PORTUGAL RUSSIA 2 2 NORWAY CANADA 1 2 IRELAND 1 LATVIA 1 DENMARK 1 LIECHTENSTEIN 1 GREECE 1 CYPRUS 1 JERSEY
5 TOTAL OWN FUNDS OF WHICH TIER 1 (in million EUR) Source: CSSF ,004 (79) 15,224 20,375 (83) 24,595 26,981 (83) 32,649 37,769 (86) 43,495 47,600 45,736 (96) 50,120 48,693 (97) EVOLUTION OF SOLVENCY RATIO (in ) Source: CSSF EVOLUTION OF BANKS BALANCE SHEET TOTAL (in billion EUR) Source: BCL DEC DEC DEC JUNE DEC JUNE 2014
6 Private Banking TAILOR-MADE SOLUTIONS FOR INTERNATIONAL CLIENTS KEY FIGURES Source: PB survey CSSF-PBGL 360 BILLION EUR ASSETS UNDER MANAGEMENT 6,733 DIRECTLY EMPLOYED 1.64 BILLION EUR REVENUES 1,427 CLIENT FACING STAFF WEALTH BANDS IN TERMS OF ASSETS (in ) Figures may not add up due to rounding > 20,000,000 10,000,001 > 20,000,000 5,000,001 > 10,000,000 1,000,001 > 5,000, ,001 > 1,000, ,001 > 500, ,000 > 250,
7 GEOGRAPHIC ORIGIN OF CLIENT ASSETS (in ) Figures may not add up due to rounding 1.0 UNITED-STATES 4.0 LATIN AMERICA 9.0 BELGIUM FRANCE LUXEMBOURG 1.0 AFRICA 4.0 GERMANY MIDDLE EAST OTHER EU COUNTRIES 10.0 MULTI-JURISDICTIONAL ASSETS 19.0 OTHER NON-EU COUNTRIES 2.0 ASIA & ASIA PACIFIC
8 Retail Banking WE FINANCE THE REAL ECONOMY HOUSEHOLDS DEPOSITS (in million EUR) Source: BCL (End of year figures) LUXEMBOURG OTHER EURO AREA COUNTRIES REST OF THE WORLD 15,494 14,335 15,938 14,200 19,795 19,133 14,434 15,113 17,312 14,505 24,253 24,138 31, ,202 36,
9 HOUSEHOLDS LOANS (in million EUR) Source: BCL (End of year figures) 1, , , CONSUMPTION 28, , , , REAL ESTATE 3, , , OTHERS 1,
10 Digital Banking & FinTech MOVE FORWARD AND INNOVATE ABBL S FINTECH MAP OF LUXEMBOURG: The interactive map is the contribution of the ABBL and its Digital Banking and FinTech Innovation Cluster (DBFI) helping all interested parties to better understand and follow the constantly growing and enhancing FinTech ecosystem of Luxembourg.
11 FINTECH FIRMS AND SOFTWARE VENDORS IN LUXEMBOURG (in ) Source: ABBL internal records Figures may not add up due to rounding The chart summarizes information about FinTech firms, financerelated software vendors and IT solution providers legally present and commercially active in Luxembourg. Investment / Funds Payments Cybersecurity / Authentication Big Data / Analytics KYC / AML 6 Banking 5 IT Integration / Software Development Compliance / Reporting Blockchain / Distributed Ledger Technology Cryptocurrency Exchange and Transactions Customer Engagement 3 Other 7
12 Employment SKILLED AND MULTICULTURAL WORKFORCE EVOLUTION OF TOTAL EMPLOYMENT Source: BCL , , , , ,887 8,368 18,
13 ,422 10,613 12,607 10,617 14,215 12,040 14,254 11,857 23,035 23,224 26,255 26,
14 CONTACT ABBL A.s.b.l. 12, rue Erasme L-1468 Luxembourg P.O. Box 13 L-2010 Luxembourg Tel.: (+352) Fax: (+352)
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