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PwC Luxembourg announces the publication of its Banking Trends Figures 2022 report: The Payment Revolution - an opportunity to enhance Banks’ Digital Transformation.
The Luxembourg banking sector continues to operate a formidable and dynamic banking ecosystem, marked by consistent growth in assets and evolving business models largely focused on client proximity. Even though the year 2021 saw a slight decrease in the total number of authorised banks, overall banking assets grew by 11.9% to hit EUR 951.7bn from EUR 850.1bn the previous year - a testament to the high performance of the country’s banks.
The sector is also undergoing a structural reshaping, with the ongoing disruption brought about by rapid technological innovation intensifying the...
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