Number of banks in Belgium 2018, by type of bank

This statistic shows the total number of offices of banks established in Belgium in 2018, by type of bank. In 2018, banks established in Belgium under foreign law had 93 bank offices. The Belgian banking sector has two important characteristics. First, banking is deemed an important part of Belgian culture with a relative high number of bank offices in the country. In 2016, for example, the total number of offices of banks established in Belgium reached approximately 4,270 in the Flemish region. This is due to the fact that many banking offices in Belgium are managed by entrepreneurs who are not directly on the payroll of the bank itself. Consequently, the decrease of bank branches, which characterizes the financial sector in most European countries, happens at a slower rate.

Between 2008 and 2016, the population serviced by one credit institution increased from approximately 102,000 people in 2008 to approximately 122,500 people in 2016. Second, the Belgian banking landscape has the presence of several big non-Belgian banking concerns, notably Dutch bank ING and France-based BNP Paribas. In 2016, BNP Paribas Fortis reached a
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Source

Release date

October 2019

Region

Belgium

Survey time period

2018

Supplementary notes

* The numbers provided consist of both offices managed by the bank directly as well as those managed by independent entrepreneurs who are not directly on the payroll of the bank itself.

**The source states that the 'big banks' consist of BNP Paribas Fortis, KBC Bank, Belfius Bank and ING Belgium.

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