The ABBL Annual Report 2020 highlights the sector’s resilience during the COVID-19 crisis, supporting SMEs with moratoria and state-backed loans while ensuring operational continuity. Priorities included accelerating digitalisation, reinforcing cybersecurity, advancing sustainable finance, and strengthening AML/CFT frameworks. ABBL actively engaged in EU regulatory debates, promoted financial education, and signed the UN Women’s Empowerment Principles. With over 160 diverse members, ABBL positioned Luxembourg as a competitive, responsible, and innovative financial hub. The report underscores ABBL’s mission to foster sustainable banking services and to guide the industry through regulatory, economic, and societal challenges.
