Retail Banks in Belgium

12 November 2019

Located in the center of Western Europe, Belgium is a high-income and well diversified economy. While its strategic location and high standard of living makes Belgium an attractive investment and private banking destination for both domestic and foreign banking groups, retail banking in Belgium remains an important component of its banking sector. Retail banks are dominated by domestic banks and the banks originated from the neighboring countries. Some of these banks offer their products via the Internet, while there are also several pure direct banks.

List of Retail Banks

In the list of retail banks below, the rank indicates the place of a bank in term of total assets among all banks operating in Belgium. It should be noted that branches of foreign banks in Belgium do not report their annual accounts, so their total assets and ranks are not available.

Rank
1
Business Focus
universal banking
Country of Origin
 France
Rating
 (3.0)
Rank
2
Business Focus
retail banking
Country of Origin
 Belgium
Rating
 (2.1)
Rank
3
Business Focus
universal banking
Country of Origin
 Belgium
Rating
 (3.1)
Rank
4
Business Focus
universal banking
Country of Origin
 Netherlands
Rating
 (3.3)
Rank
6
Business Focus
retail banking
Country of Origin
 Belgium
Rating
 (3.8)
Rank
9
Business Focus
retail banking
Country of Origin
 Belgium
Rating
 (5.0)
Rank
10
Business Focus
universal banking
Country of Origin
 Belgium
Rating
n/a
Rank
11
Business Focus
retail banking
Country of Origin
 Germany
Rating
 (2.6)
Rank
12
Business Focus
universal banking
Country of Origin
 Belgium
Rating
 (4.9)
Rank
13
Business Focus
retail banking
Country of Origin
 Belgium
Rating
n/a
Rank
15
Business Focus
retail banking via direct channels
Country of Origin
 France
Rating
n/a
Rank
16
Business Focus
retail banking via direct channels
Country of Origin
 Netherlands
Rating
 (4.6)
Rank
17
Business Focus
retail banking
Country of Origin
 France
Rating
 (3.6)
Rank
20
Business Focus
universal banking
Country of Origin
 Netherlands
Rating
n/a
Rank
26
Business Focus
regional retail banking
Country of Origin
 Belgium
Rating
 (4.0)
Rank
27
Business Focus
universal banking
Country of Origin
 Netherlands
Rating
 (3.2)
Rank
31
Business Focus
retail banking
Country of Origin
 Belgium
Rating
 (3.0)
Rank
35
Business Focus
retail and business banking
Country of Origin
 Belgium
Rating
 (3.2)
Rank
38
Business Focus
universal banking
Country of Origin
 Netherlands
Rating
 (4.5)
Rank
41
Business Focus
universal banking
Country of Origin
 France
Rating
 (4.3)
Rank
59
Business Focus
regional retail banking
Country of Origin
 France
Rating
n/a
Rank
66
Business Focus
retail banking
Country of Origin
 Netherlands
Rating
 (4.0)
Rank
70
Business Focus
banking for Moroccan and Tunisian community
Country of Origin
 Morocco
Rating
 (2.8)
Rank
72
Business Focus
universal banking
Country of Origin
 Pakistan
Rating
n/a
Rank
73
Business Focus
banking for Moroccan community
Country of Origin
 Morocco
Rating
 (3.7)
Rank
74
Business Focus
universal banking
Country of Origin
 Netherlands
Rating
n/a
Rank
n/a
Business Focus
universal banking
Country of Origin
 United Kingdom
Rating
 (3.4)
Rank
n/a
Business Focus
universal banking
Country of Origin
 India
Rating
 (4.5)

BNP Paribas Fortis

In 2009 Belgian Fortis Bank was merged into BNP Paribas Group, forming BNP Paribas Fortis. BNP Paribas Fortis offers a broad range of financial products and services to various customer groups: individuals and families, high-net-worth individuals, entrepreneurs and companies, local authorities and social sector.

BNP Paribas Fortis is the 1st largest bank in Belgium in terms of total assets. In 2018 its total assets were 203,70 bln EUR, providing the bank with the market share of 20.12%.

Services
private banking
corporate banking
online brokerage
Clients
private individuals
families
self-employed professionals
entrepreneurs
Area Served
Belgium
Products

KBC Bank

KBC Bank is a multi-channel bank catering mainly for retail, private banking, SME and mid-cap clients. Geographically, KBC Bank is focused on Belgium, the Czech Republic, Slovakia, Hungary, Bulgaria and Ireland. Being a part of KBC Group, KBC Bank offers its customers an integrated response to theirs’ banking and insurance needs.

KBC Bank is the 2nd largest bank in Belgium in terms of total assets. In 2018 its total assets were 178,80 bln EUR, providing the bank with the market share of 17.66%. In 2018 the bank's net income was 2 181,00 mln EUR.

Services
retail banking
Area Served
Belgium
Products

BELFIUS BANK

Belfius Bank (formerly Dexia Bank) is a Belgian banking and insurance company, fully owned by the Belgian Federal State. Belfius Bank is focused on providing retail banking products and services to private individuals, self-employed, professionals and SMEs in Belgium. Belfius Bank also offers corporate banking, public and social banking solutions.

BELFIUS BANK is the 3rd largest bank in Belgium in terms of total assets. In 2018 its total assets were 164,17 bln EUR, providing the bank with the market share of 16.22%.

Services
retail banking
corporate banking
securities services
Area Served
Belgium
Products

ING BELGIE

ING Belgium provides a wide range of financial products to its customers via various distribution channels for example, mobile devices, the Internet, telephones or in a branch. ING Belgium operates as a universal bank offering its products and services in retail and private banking, corporate and institutional banking, financial markets, asset management and insurance (life and non-life). ING Belgium serves individuals, small and medium sized companies, instititutionals and large corporates.

ING BELGIE is the 4th largest bank in Belgium in terms of total assets. In 2018 its total assets were 133,87 bln EUR, providing the bank with the market share of 13.22%.

Services
retail banking
private banking
corporate banking
securities services
Area Served
Belgium
Products

ARGENTA SPAARBANK

Argenta Group was founded in 1956 in Belgium as a financial services company specializing in personal loans. Argenta Spaarbank (Argenta Savings Bank) is a member of Argenta Group, focused on providing savings and investment, loans and insurance products and services to natural persons. Argenta Spaarbank is active in the domestic markets, namely Belgium, Luxembourg and the Netherlands.

ARGENTA SPAARBANK is the 6th largest bank in Belgium in terms of total assets. In 2018 its total assets were 36 554,38 mln EUR, providing the bank with the market share of 3.61%.

Services
retail banking
insurance
Clients
natural persons
Products

AXA BANK BELGIUM

Founded in 2007, AXA Bank Europe, headquartered in Brussels, is a member of French AXA Group, engaged in insurance, investment management and other financial services. AXA Bank Europe is focused on providing retail banking products and services to natural persons and small companies in Europe.

AXA BANK BELGIUM is the 9th largest bank in Belgium in terms of total assets. In 2018 its total assets were 22 118,05 mln EUR, providing the bank with the market share of 2.18%.

Services
retail banking
Clients
natural persons and SMEs
Products

CRELAN

Crelan is a new bank formed by the merger of Lanbouwkrediet and Centea on April 1, 2013. Crelan uses 100% cooperative business model with a low risk for the sake of its customers who are also co-owners of the bank. Crelan provides a wide range of retail banking products, including accounts and cards, loans, investments as well as insurance products to private individuals in Belgium.

CRELAN is the 10th largest bank in Belgium in terms of total assets. In 2018 its total assets were 15 169,90 mln EUR, providing the bank with the market share of 1.50%.

Services
retail banking
corporate banking
insurance
Products

DEUTSCHE BANK AG

In Belgium Deutsche Bank AG is focused on providing savings and investment solutions to natural persons and high-net-worth individuals. Deutsche Bank AG does not provide consumer finance and insurance products.

DEUTSCHE BANK AG is the 11th largest bank in Belgium in terms of total assets. In 2018 its total assets were 12 791,71 mln EUR, providing the bank with the market share of 1.26%.

Services
retail banking
private banking
corporate banking
investment banking
securities services
Area Served
Belgium
Products

CBC Banque

CBC Banque is a universal Belgian bank, providing retail, private, and corporate banking and insurance products and services.

CBC Banque is the 12th largest bank in Belgium in terms of total assets. In 2018 its total assets were 12 138,57 mln EUR, providing the bank with the market share of 1.20%.

BPOST BANQUE / BPOST BANK

Founded in 1995, bpost banque is a Belgian bank based on a unique partnership model. bpost banque as a joint venture (50/50) owned by bpost and BNP Paribas Fortis. bpost banque provides a full range of simple and affordable retail banking and insurance products via an extensive network of post offices where specialized banking advisers are available.

BPOST BANQUE / BPOST BANK is the 13th largest bank in Belgium in terms of total assets. In 2018 its total assets were 10 859,38 mln EUR, providing the bank with the market share of 1.07%.

Services
retail banking
private banking
insurance
Products

ARKEA DIRECT BANK

Arkea Direct Bank provides is focused on providing retail banking products and services to natural persons via direct channels. Arkea Direct Bank offers current and savings accounts, payment cards (including virtual cards), real estate loans, life and auto insurance, trading accounts.

ARKEA DIRECT BANK is the 15th largest bank in Belgium in terms of total assets. In 2018 its total assets were 8 206,84 mln EUR, providing the bank with the market share of 0.81%.

Coöperatieve Rabobank U.A.

Coöperatieve Rabobank operates in Belgium as 100% direct bank, offering savings, time deposit accounts, funds and pension savings to individuals and companies.

Coöperatieve Rabobank U.A. is the 16th largest bank in Belgium in terms of total assets. In 2018 its total assets were 8 140,54 mln EUR, providing the bank with the market share of 0.80%.

BEOBANK NV/SA

Beobank is a Belgian bank, specializing in providing retail banking products and services to individuals, self-employed professionals and SMEs in Belgium.

BEOBANK NV/SA is the 17th largest bank in Belgium in terms of total assets. In 2018 its total assets were 6 768,95 mln EUR, providing the bank with the market share of 0.67%.

Services
retail banking
corporate banking
Products

ABN AMRO Bank NV

ABN AMRO Bank serves retail, private and corporate banking clients with a primary focus on the Netherlands. ABN AMRO Bank is one of the largest banks of the Netherlands. The bank also conducts selected operations internationally. ABN AMRO Bank offers a comprehensive range of products and services via multichannel distribution including mobile applications and internet banking. In particular, MoneYou is a subsidiary of ABN AMRO Bank, specialising in online financial services (savings, mortgages and consumer loans) for retail clients and also offering savings products outside the Netherlands (Germany, Belgium and Austria). ABN AMRO Bank NV operates as a branch of ABN AMRO Bank NV (Netherlands).

ABN AMRO Bank NV is the 20th largest bank in Belgium in terms of total assets. In 2018 its total assets were 5 500,25 mln EUR, providing the bank with the market share of 0.54%.

BANQUE CPH

Established in 1930 as 'Crédit Professionel du Hainaut', Banque CPH is a Belgian regional cooperative bank, providing a range of payment, savings and loans products and services to individuals and SMEs in Belgium.

BANQUE CPH is the 26th largest bank in Belgium in terms of total assets. In 2018 its total assets were 2 595,01 mln EUR, providing the bank with the market share of 0.26%.

Services
retail banking
online brokerage
Products

ING BANK NV Belgian Branch

ING Bank is a member of ING Group, a financial company specializing in insurance and banking. ING Bank is a universal bank offering a wide range of products and services to individuals, families, small businesses, large corporations, financial institutions, governments, public and private institutions and supranational bodies. ING Bank is a market leader in "Benelux" countries (the Netherlands, Belgium and Luxembourg) where it currently has strong market positions in retail and commercial banking. ING BANK NV Belgian Branch operates as a branch of ING Bank NV (Netherlands).

ING BANK NV Belgian Branch is the 27th largest bank in Belgium in terms of total assets. In 2018 its total assets were 2 341,20 mln EUR, providing the bank with the market share of 0.23%.

Europabank

Europabank was founded in 1964. Europabank offers a broad retail banking product range to individuals and the self-employed entrepreneurs. Europabank operates according to the traditional banking model where retail deposits are converted into loans to individuals and businesses. Through its subsidiary EB-Lease, Europabank offers financial leasing as alternative form of financing for the purchase of movable property by companies and entrepreneurs. Europeabank also offers payment processing solutions to dealers and businesses to accept safely payment cards as a payment method both for classic sales and sales via web-shops.

Europabank is the 31st largest bank in Belgium in terms of total assets. In 2018 its total assets were 1 379,97 mln EUR, providing the bank with the market share of 0.14%.

Services
retail banking
Products

AION

Operating in Belgium since 1947, in October 2019 Banca Monte Paschi Belgio changed its name into AION. AION offers retail and business customers a wide variety of financial products and services. AION is changing for its customers now to give them the best experience and customised offering built with modern technologies.

AION is the 35th largest bank in Belgium in terms of total assets. In 2018 its total assets were 1 251,59 mln EUR, providing the bank with the market share of 0.12%.

NIBC Bank NV

Founded in 1945 to finance ­entrepreneurs, NIBC Bank is a Dutch bank operating in "BeNeLux" countries and in Germany. The bank provides banking products to corporate and individual clients. NIBC Bank is focused on corporate customers from specific sectors such as the food industry, agriculture and retail, manufacturing, technology, media and services, commercial real estate, shipping, oil & gas services, infrastructure and renewable energy. Business activities for individuals are dominated by residential mortgages and savings products. The savings products are offered via its subsidiary NIBC Direct. NIBC Bank NV operates as a branch of NIBC Bank NV (Netherlands).

NIBC Bank NV is the 38th largest bank in Belgium in terms of total assets. In 2018 its total assets were 970,41 mln EUR, providing the bank with the market share of 0.10%.

SOCIETE GENERALE

Established in 1864, Société Générale is one of the largest French banks. Société Générale is a universal bank, offering its clients retail, corporate, investment banking products and services as well as private banking and asset management. SOCIETE GENERALE operates as a branch of Société générale (France).

SOCIETE GENERALE is the 41st largest bank in Belgium in terms of total assets. In 2018 its total assets were 905,36 mln EUR, providing the bank with the market share of 0.09%.

CAISSE D'EPARGNE ET DE PREVOYANCE HAUTS DE FRANCE

Caisse d'Epargne et de Prévoyance is a French local savings bank, providing a full range of banking products and services to individuals, professionals, companies, associations, and local authorities. CAISSE D'EPARGNE ET DE PREVOYANCE HAUTS DE FRANCE operates as a branch of Caisse d'épargne et de prévoyance Hauts de France (France).

CAISSE D'EPARGNE ET DE PREVOYANCE HAUTS DE FRANCE is the 59th largest bank in Belgium in terms of total assets. In 2018 its total assets were 382,13 mln EUR, providing the bank with the market share of 0.04%.

DEMIR - HALK BANK NEDERLAND

Demir-Halk Bank (DHB Bank) is a Dutch bank, established as a joint venture between HCBG Holding (Netherlands) and Türkiye Halk Bankasi (Turkey). Demir-Halk Bank provides a broad range of retail banking products from deposit and savings accounts to retail and mortgage loans. Demir-Halk Bank also delivers finance services to Turkish commercial ventures abroad and/or to their European business partners. DEMIR - HALK BANK NEDERLAND operates as a branch of Demir-Halk Bank (Nederland) NV (Netherlands).

DEMIR - HALK BANK NEDERLAND is the 66th largest bank in Belgium in terms of total assets. In 2018 its total assets were 125,53 mln EUR, providing the bank with the market share of 0.01%.

Services
retail banking
insurance
corporate banking
investment banking
Products

Attijariwafa Bank Europe

Established in 2006, Attijariwafa Bank is focused on providing innovative financial solutions to Moroccan and Tunisian community living in Europe and facilitating trade between European and North and West African companies. Attijariwafa Bank provides retail and corporate banking products and services. Attijariwafa Bank Europe operates as a branch of Attijariwafa bank europe (France).

Attijariwafa Bank Europe is the 70th largest bank in Belgium in terms of total assets. In 2018 its total assets were 62,64 mln EUR, providing the bank with the market share of 0.01%.

HABIB BANK LIMITED

Habib Bank (HBL) was established in Pakistan in 1947. Habib Bank provides products and services in retail and consumer banking, corporate banking, and investment banking at its domestic market and internationally. SME and agriculture lending programs are offered in urban and rural centers of Pakistan. Habib Bank is a member of Habib Group (Pakistan). HABIB BANK LIMITED operates as a branch of Habib Bank Limited (Pakistan).

HABIB BANK LIMITED is the 72nd largest bank in Belgium in terms of total assets. In 2018 its total assets were 24,95 mln EUR, providing the bank with the market share of 0.00%.

BANQUE CHAABI DU MAROC

Banque Chaabi du Maroc was established in 1972 and is a member of the largest banking group in Morocco, the Groupe Banque Populaire. Chaabi Bank in Europe offers retail and corporate banking products and services to the Moroccan community living in Europe. BANQUE CHAABI DU MAROC operates as a branch of Banque Chaabi du Maroc (France).

BANQUE CHAABI DU MAROC is the 73rd largest bank in Belgium in terms of total assets. In 2018 its total assets were 14,24 mln EUR, providing the bank with the market share of 0.00%.

CREDIT EUROPE BANK NV

Credit Europe Bank is headquartered in the Netherlands. Credit Europe Bank provides simple, transparent and competitive products to its clients. The bank specializes in offering its corporate customers a wide range of banking products, including international trade and commodity finance, project finance and working capital loans. Credit Europe Bank also offers banking products to retail and SME customers. CREDIT EUROPE BANK NV operates as a branch of Credit Europe Bank NV (Netherlands).

CREDIT EUROPE BANK NV is the 74th largest bank in Belgium in terms of total assets. In 2018 its total assets were 13,28 mln EUR, providing the bank with the market share of 0.00%.

HSBC France

HSBC France is focused on assisting French companies in their international development and on assisting individuals in managing their wealth. HSBC France offers financial services to businesses and individuals, including their personal banking needs, asset management, private banking, business and investors, as well as international markets. HSBC France operates as a branch of HSBC France (France).

Bank of Baroda

Established in 1908, Bank of Baroda is now one of the largest banks in India. Bank of Baroda operates as a universal bank offering retail, private, corporate banking products and services to individuals, SMEs, farmers, large companies and institutions. Bank of Baroda operates as a branch of Bank of Baroda (India).

Bank of Baroda is the 33rd largest bank in Belgium in terms of total assets. In 2017 its total assets were 1 498,29 mln EUR, providing the bank with the market share of 0.13%.

See Also