The second ABBL–PwC Corporate Banking Survey 2023 highlights a sector undergoing transformation amid economic uncertainty, high interest rates, and technological disruption. Corporate banking revenues in Luxembourg reached nearly €5 billion in 2022, representing 35% of total banking income, despite a 19% drop in profits. Sustainability and AI are identified as key growth drivers, with 71% of banks integrating corporate lending into their innovation strategies. Luxembourg’s corporate lending remains globally oriented, with 63% focused on international clients. The survey underscores the industry’s adaptability, resilience, and readiness to embrace a new economic era guided by responsible and sustainable finance.
