We have witnessed the nationalisation of commercial banks, cases of bankruptcy, and an unprecedented degree of industry consolidation on the Luxembourg financial market. At present, the Luxembourg banking industry is still facing an exceptionally challenging time — from volatile markets and increased funding costs to strategic cost cutting and heightened regulatory scrutiny. In such an environment, protecting and growing shareholder value requires that financial institutions be disciplined, customer focused and opportunistic.

Sébastien Labbe


Tel. +352 22 51 51 - 5565


Gérard Laures


Tel. + 352 22 51 51 - 5549


Laurent Engel


Tel. + 352 22 51 51 - 5535


Frank Stoltz


Tel. + 352 22 51 51 - 5520


How we can help

KPMG’s Financial Services practice is one of the leaders in the marketplace.  Combining a strong local presence with access to a global network of banking professionals, KPMG’s Financial Services practice in Luxembourg is well placed to help our clients successfully navigate through these challenging times and capitalise on opportunities as they arise.

Our Tax services include: