Annual Reports — FY 2024
⚠ Stage 2 — IFRS 9 Deterioration Monitor
Stage 2 — Credit Deterioration
Luxembourg banking sector · Loans with significant credit risk increase · Leading NPL indicator
⚠ FY 2025 — Preliminary Estimates
FY 2025 figures are preliminary estimates based on published Q4/FY2025 results press releases, Pillar 3 reports and analyst research. Luxembourg banks typically publish complete annual reports including full IFRS 9 Stage 2 and Stage 3 asset quality tables in April–May of the following year.

Known: BIL published FY2025 results 30 Apr 2026 (net income €210m +24%, loans stable at €16.2bn). BGL BNP Paribas published Q4/FY2025 results 5 Feb 2026 (revenues +11.8% in Q4 2025). Spuerkeess and Banque Raiffeisen FY2025 annual reports expected May 2026.

All FY 2025 Stage 2 and NPL figures will be updated with audited data upon publication of full annual reports.
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NPL Forward Supply Signal
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Aggregate Trend
Total balance across all tracked banks (€m)
3 years
By Bank — Latest Period
Stage 2 balance by institution (€m)
FY 2024
Ratio Trend by Bank
Annual evolution of Stage 2 ratio per bank (%)
Multi-line
Ratio Distribution
Banks per ratio bucket — latest period
Histogram
What is a Stage 2 Loan?
Under IFRS 9, a Stage 2 loan has experienced a significant increase in credit risk since origination but is not yet non-performing. Lifetime expected credit losses (ECL) are recognised — vs 12-month ECL for Stage 1. Historically, rising Stage 2 balances precede NPL (Stage 3) increases by 12–24 months. In Luxembourg, Stage 2 pressure has been driven by the real estate sector downturn since 2022. A ratio above 6% warrants monitoring; above 9% signals elevated NPL forward supply risk.
All Banks
Click any row for full detail · Annual reporting periods FY2022–FY2024
— institutions
Bank Comparison
Side-by-side view of all tracked banks · Click a card to open full detail
Bank Detail
Stage 2 & Stage 3 Ratio Evolution
Annual periods FY2022–FY2024
Loan Book Composition
Stage 1 / Stage 2 / Stage 3 split (€m)
Historical Data
Data Sources
Bank annual reports & Pillar 3 disclosures

All figures sourced directly from published bank annual reports and Pillar 3 disclosures, prepared under IFRS as adopted by the EU.

ℹ FY 2025 figures shown are preliminary estimates based on published results press releases and analyst research. Full IFRS 9 Stage 2 and Stage 3 tables are published in complete annual reports, expected April–May 2026. Figures flagged 'est.' will be updated with audited data upon publication. Stage 2 and Stage 3 tables are found in the Risk Management / Credit Risk sections of each annual report.