LUXEMBOURG – BANKS RESULTS ARE INCREASING BIG

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keywords: banks, cssf, luxembourg.

The Financial Sector Supervisory Commission (CSSF) publishes Wednesday the banks results of the Luxembourg Place in the first 3 months of 2017 compared to the same period of 2016.

The result, before provisions, increased by 7.3%. Personnel costs increased by only 0.9% year-on-year.

These figures are published during negotiations on the new banking collective agreement and a few days after protest pickets in the face of the ABBL’s wish not to pay the economic bonus (also known as the “June bonus”).

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