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Banking in Belgium - statistics & facts

An important trait of banks in Belgium is how international they are. Of the 85 banks established in Belgium at the end of 2019, 80 percent had foreign ownership, whereas 20 percent had Belgian majority ownership. The institutions with the most bank branches were mostly foreign. BNP Paribas Fortis, the Belgian daughter of the France-based BNP Paribas, had over 600 bank branches in the country in 2021, whereas ING Belgium (a company with roots in the Netherlands) had around 570. At the end of 2019, there were roughly 4,700 bank branches in the country. This includes branches held by independent bank agents, as many banking offices in Belgium are managed by entrepreneurs who are not directly on the payroll of the bank itself. Banking in Belgium is also characterized by how many different players there are on the market, some of which offer services in different market segments such as retail banking, corporate finance, investment banking and asset management.

Retail and private banking in Belgium

Retail banking in Belgium combines elements of private banking and asset management, with banks offering different investment instruments and services for household deposits. Belgian households held over 1.4 trillion euros worth of financial assets at the end of 2019, with most of these assets being in currency and deposits. Most private banking assets in Belgium could be found at the four biggest consumer banks: BNP Paribas Fortis, KBC, ING Belgium and Belfius. This is probably due to the relatively low bar set for clients, as investable assets of 250,000 euros or more were enough to participate.

Corporate banking in Belgium

Belgian banking plays an important part in the country's economy and the financing of companies. Criteria for corporate banking eased in recent years, as banks made it easier for companies to take a loan. These criteria were tightened again in 2018, as credit demand from companies grew. Companies wanted to make use of the favorable interest rates for non-financial companies, a consequence of the monetary policy of the European Central Bank (ECB). In addition, most bank loans are granted to SMEs and are relatively small in their size. In 2020, for example, more than half of all Belgian respondents to a Europe-scale company financing survey answered that their last bank loan was less than 250,000 euros.

Key figures

The most important key figures provide you with a compact summary of the topic of "Banking in Belgium" and take you straight to the corresponding statistics.

Stats and figures on BNP Paribas Fortis

Stats and figures on KBC

Stats and figures on Belfius

Interesting statistics

In the following 5 chapters, you will quickly find the 22 most important statistics relating to "Banking in Belgium".

Banking in Belgium

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Banking in Belgium - statistics & facts

An important trait of banks in Belgium is how international they are. Of the 85 banks established in Belgium at the end of 2019, 80 percent had foreign ownership, whereas 20 percent had Belgian majority ownership. The institutions with the most bank branches were mostly foreign. BNP Paribas Fortis, the Belgian daughter of the France-based BNP Paribas, had over 600 bank branches in the country in 2021, whereas ING Belgium (a company with roots in the Netherlands) had around 570. At the end of 2019, there were roughly 4,700 bank branches in the country. This includes branches held by independent bank agents, as many banking offices in Belgium are managed by entrepreneurs who are not directly on the payroll of the bank itself. Banking in Belgium is also characterized by how many different players there are on the market, some of which offer services in different market segments such as retail banking, corporate finance, investment banking and asset management.

Retail and private banking in Belgium

Retail banking in Belgium combines elements of private banking and asset management, with banks offering different investment instruments and services for household deposits. Belgian households held over 1.4 trillion euros worth of financial assets at the end of 2019, with most of these assets being in currency and deposits. Most private banking assets in Belgium could be found at the four biggest consumer banks: BNP Paribas Fortis, KBC, ING Belgium and Belfius. This is probably due to the relatively low bar set for clients, as investable assets of 250,000 euros or more were enough to participate.

Corporate banking in Belgium

Belgian banking plays an important part in the country's economy and the financing of companies. Criteria for corporate banking eased in recent years, as banks made it easier for companies to take a loan. These criteria were tightened again in 2018, as credit demand from companies grew. Companies wanted to make use of the favorable interest rates for non-financial companies, a consequence of the monetary policy of the European Central Bank (ECB). In addition, most bank loans are granted to SMEs and are relatively small in their size. In 2020, for example, more than half of all Belgian respondents to a Europe-scale company financing survey answered that their last bank loan was less than 250,000 euros.

Interesting statistics

In the following 5 chapters, you will quickly find the 22 most important statistics relating to "Banking in Belgium".

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