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Biggest banks of Belgium 2020, based on number of branches

Which banks are the largest in Belgium? In 2020, KBC (known in French as CBC) topped a ranking that measured the total number of bank branches. The bank had over 650 bank in the country. Belfius and BNP Paribas Fortis completed the top three, each bank having over 640 locations. The high number of bank offices is a particular trait of banking in Belgium, as this number of local branches in Belgium was higher than in Luxembourg and the Netherlands combined. Each Belgian local bank branch served approximately 3,400 people in 2016.

Banking = franchising

Many banking offices in Belgium are managed by franchisees and are not directly on the payroll of the bank itself. Consequently, the decrease of bank branches that can be seen in most European countries happens at a slower rate. Two thirds of all bank offices in the country could be found in Flanders (the Dutch-speaking region of Belgium). In 2017, the Brussels Capital Region (the city of Brussels and its surrounding villages) had roughly 380 bank branches, whereas Wallonia (Belgium’s southern, French-speaking region) had around 1,500.

Online banking is catching up?

In 2017, there were approximately 12.1 million internet banking subscriptions in Belgium, the highest number reached since 2006. Note, however, that one consumer can have multiple online accounts at various banks. The exact number of online banking users in Belgium and its development over time is therefore difficult to measure.

Largest banks in Belgium as of January 2020, by number of bank branches

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Release date

January 2020



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Statistics on "Banking in Belgium"

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