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Luxembourg Private Banking AuM Drop 2% to €585bn, Net Income Up 24% in 2022

Luxembourg Private Banking AuM Drop 2% to €585bn, Net Income Up 24% in 2022
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ABBL Foundation for Financial Education Launches Online Banking & Internet Security Website

ABBL Foundation for Financial Education Launches Online Banking & Internet Security Website
chronicle.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.lu Daily Mail and Mail on Sunday newspapers.

Real estate developers and banks need to meet halfway

Luxembourg banks are keeping a keen eye on property developers, who have been facing a cash flow crunch, rising costs and fluctuating demand. But bankers pointed to underlying strengths at a recent conference.

Insufficient financial literacy and careless budget management

Luxembourg participated for the first time in an OECD survey that measures the level of financial literacy. The result is disappointing. In terms of financial behaviour and attitudes, all age groups in Luxembourg are even below the international average.

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