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The ABBL has just received the results of the annual Retail Banking Survey and the Private Banking Survey, collecting information from his members active in those sectors, in collaboration with the CSSF. As always, these surveys provide a unique insight into the health of the banking sector in Luxembourg.
Retail Banking – stable growth, marked shift to digital banking
Overall, the Retail Banking sector has handled the pandemic well. Massive efforts were made to continue to service clients, despite many obstacles, and the local retail banks provided special ‘covid loans’ and worked with the government to create special state-guaranteed loans to support businesses during the pandemic.
Trends already identified in...
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