Your priorities are changing, and so is corporate banking in Luxembourg. As businesses face pressure to deliver on sustainability, manage liquidity, and prepare for a more digital future, banks are stepping up to help you achieve those goals. Our 2025 Corporate & Institutional Banking Survey shows how the sector is evolving to meet your needs: from expanding treasury services to integrating ESG criteria into lending decisions and building the talent and technology capabilities that matter most to you. These shifts aren’t just trends, they’re shaping the way your organisation can access financing, manage risk, and capture opportunities in a fast-moving market.
Revenues at record high
60% of survey respondents reported year-on-year revenue growth compared to 2023, confirming that this positive momentum extends across the sector rather than being confined to a select group of institutions. This broad-based expansion underscores the structural strength and competitive positioning of Luxembourg’s corporate banking landscape.
Key Insights
Three years of sustained growth:
Corporate banking revenues hit a record €6.5bn, confirming Luxembourg’s position as a resilient financial hub.
Interest income dominates, but diversification is underway:
Interest-driven earnings rose to 82% of revenues, while banks explore fee-based models for long-term stability.
Treasury services reshape the product mix:
Now the leading revenue contributor at €1.8bn, ahead of syndicated and bilateral loans.
Net profits rebound strongly:
After a challenging 2022, profits surged to €2.8bn, reflecting operational agility and margin recovery.
Building capabilities for the future:
Focus on digital skills, ESG expertise, and pragmatic use of AI to enhance efficiency and client service.
Sustainability moves from promise to practice:
ESG-linked lending grew from 11.9% to 14.7% of portfolios; 76% of banks offer sustainability-linked loans.
Why it matters
Corporate banking is at the heart of Europe’s financial transformation. Luxembourg’s banks are not just financing the economy, they’re enabling the green transition, powering digital innovation, and supporting multinational clients with complex needs. As interest rates stabilise, the challenge will be to sustain profitability through diversification, operational efficiency, and deeper client engagement.
Corporate and Institutional Banking Survey 2025
Discover the full insights and data behind these trends
Want to understand Luxembourg’s positioning as a hub for corporate banking?
Key Contacts
- Björn Ebert - Financial Services Leader, PwC Luxembourg
- Julie Batsch - Assurance Partner, Banking & Capital Markets Leader, PwC Luxembourg
- Ryan Davis - Advisory Partner, PwC Luxembourg
- Elena Kazmina - Advisory Director, PwC Luxembourg
- Hélène Lange - Head of Business Coordination, ABBL
- Anda Asaftei - Adviser - Banking and Business Intelligence, ABBL
Contact us
Björn Ebert
Financial Services and Managed Services Leader, PwC Luxembourg
Tel: +325 621 332 256
Julie Batsch
Audit Partner, Banking and Capital Markets Leader, PwC Luxembourg
Tel: +352 62133 24 67
Ryan Davis
Advisory Partner, Risk & Compliance Advisory Services, PwC Luxembourg
Tel: +352 621 333 580
