4.1 How are banks typically funded in your
jurisdiction?
Consistent with other Euro-area banks following the 2008
financial crisis, customer deposits represent the single largest
source of funding. In 2016 deposits owed to customers represented
45.82% of total liabilities; this figure rose steadily to 48.84% in
2018. These deposits are sourced from non-financial and financial
undertakings, private and/or retail customers, and the current
accounts of investment funds. The second major area of funding for
banks in Luxembourg is interbank liabilities, which represented
31.08% of total liabilities in 2018.
4.2 What minimum capital requirements apply to banks in
your jurisdiction?
