Banking in the Benelux - Statistics & Facts

Which are the largest banks in the Benelux region?

The four banks Belfius, KBC, ING Belgium, and BNP Paribas Fortis are the largest in Belgium, not only in terms of assets, but also in terms of bank branches: Belfius alone had over 600 bank offices in 2019. Belfius and KBC are domestic banks, while the other two are Belgian branches of foreign banks. The banking industry in the Netherlands is more domestic, the five largest banks in the country by number of branches are all headquartered in the Netherlands. RegioBank had the highest number of branches, but ING is the leading bank by total assets. Luxembourg's banking market is more international-minded than the markets in Belgium and the Netherlands, only eight out of the total 128 banks in the country are domestic. The leading domestic bank in Luxembourg by number of branches is Banque et Caisse d’Epargne de l’Etat (BCEE).

How big is the banking sector in the Benelux countries?

The size of the banking sectors in the three Benelux countries are all among the top ten in Europe. The banking sector in the Netherlands is the largest of the three countries, and the seventh largest in Europe. Dutch banking sector had assets worth 2.65 trillion U.S. dollars in 2019. The banking sector in Belgium is the ninth largest, with total assets of 1.12 trillion U.S. dollars. Despite its small population size, Luxembourg’s banking sector is the 10th largest in Europe, with assets of around 920 billion U.S. dollars.

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