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Luxembourg Times
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Luxembourg's banking sector sees record-breaking profits in 2023, reaching €6.6 billion, fueled by rising interest rates. However, the Luxembourg Bankers’ Association ABBL warns that these figures don't reflect the country's current challenges, especially in the housing market.

Recurring crises like economic downturns and high living costs are impacting property sector activity, making it harder for customers to secure loans. Stricter lending policies affect construction companies and related professions.

#Luxembourg #Banking #Economy #HousingCrisis #Finance #Regulation

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