BELFIUS BANK

Anna Mileiko Created by Anna Mileiko

BELFIUS BANK Logo

Address

Place Charles Rogier, 11, 1210, Sint-Joost-ten-Node, Belgium

BIC

GKCCBEBB

Overview

Category

Commercial banks

Business Focus

universal banking

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.

Performance

In 2023, BELFIUS BANK achieved the position of 3rd largest bank in Belgium with a market share of 12.46%; its total assets dropped by 0.53%.

Additionally, the bank became the 14th bank in relation to its loans-to-deposits (L/D) showcasing 109.01% L/D ratio in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Belgian deposit guarantee scheme in BELFIUS BANK.

Services

retail banking
business banking
corporate banking
securities services

Area Served

BEBelgium

Products

current accounts
savings accounts
time deposit accounts
credit cards
mortgage loans

Card Providers

MasterCard

See Also

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Ways to Bank

BELFIUS BANK delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app

Financials

Total Assets of BELFIUS BANK
Market Share of BELFIUS BANK
Total Assets (2023)
161.65 bln EUR   (-0.53%)

BELFIUS BANK ranks as the 3rd largest bank in Belgium by total assets. In 2023 its total assets were 161.65 bln EUR, representing a 12.46% market share.

Credit Ratings

Fitch: A-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Aa3
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

BELFIUS BANK is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Guarantee Fund for Financial Services (GFFS)Guarantee Fund for Financial Services (GFFS)
Covered Accounts
current accounts
deposit accounts
Eligible Depositors
natural persons (Belgian and foreign)
legal entities (Belgian and foreign)

BELFIUS BANK protects deposits up to up to 100,000 EUR per depositor through Belgium's deposit guarantee scheme. The scheme applies to current accounts, deposit accounts made by natural persons (Belgian and foreign), legal entities (Belgian and foreign). The bank participates in the Guarantee Fund for Financial Services (GFFS), making regular contributions into it.

See Also

Head of Group

 Belfius (Belgium)

Contacts

addressPlace Charles Rogier, 11, 1210, Sint-Joost-ten-Node, Belgium

BELFIUS BANK is headquartered in Sint-Joost-ten-Node.

See Also

Bank Identifiers

BIC (SWIFT)
GKCCBEBB
LEI
A5GWLFH3KM7YV2SFQL84
Company Number
0403201185
MFI ID
BE0403201185

Bank History

Previous Name
Belfius Banque SA

Business Summary

Services
retail banking
business banking
corporate banking
securities services
Products
current accounts
savings accounts
time deposit accounts
credit cards
consumer loans (6.50 - 6.50 %)
car loans (0.80 - 1.15 %)
mortgage loans
trading accounts
Area Served
BEBelgium
Card Providers
MasterCardMasterCard

BELFIUS BANK provides products and services in the areas of retail banking, business banking, corporate banking, securities services. BELFIUS BANK offers a range of products including current accounts, savings accounts, time deposit accounts, credit cards, consumer loans (6.50 - 6.50 %), car loans (0.80 - 1.15 %), mortgage loans, trading accounts.

Ways to Bank

Business Channels
branch branch
online banking online banking
mobile app mobile app

Products and services offered by BELFIUS BANK are available at its branches and via its online banking system, mobile application.

Mobile Application: Belfius Mobile

 4.7, 733 Ratings
Belfius Mobile
Belfius Mobile
Belfius Mobile
Belfius Mobile
Belfius Mobile Supported Languages
NLDutch
GBEnglish
FRFrench

Consumer Loans

Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term).Consumer loans offered by BELFIUS BANK are shown in the table below.

Updated on 5 February 2025

Sales Reqion
BEBelgium
Max. Loan Amount
50,000 EUR
Loan Term
12 - 120 months
Min. Effective Rate (p.a.)
6.50 %
Loan amount between 1,250 - 50,000 EUR; loan term 12 - 120 months; borrowing rate 6.50 - 6.50 %
Consumer Loan Details
Loan Currency
EUR
Min. Loan Term
12 months
Max. Loan Term
120 months
Min. Loan Amount
1,250 EUR
Max. Loan Amount
50,000 EUR
Min. Effective Rate (p.a.)
6.50 %
Max. Effective Rate (p.a.)
6.50 %
Consumer Loan Features

Finance all types of expenses

Loan purposes: personal needs, wedding, education, furniture, electronics

BEBelgium: This product is offered to Belgian residents only. When clicking on the product link you will be redirected to the product page in Dutch, French or German.

See Also

Car Loans

Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by BELFIUS BANK are shown in the table below.

Updated on 5 February 2025

Sales Reqion
BEBelgium
Max. Loan Amount
50,000 EUR
Loan Term
4 - 84 months
Min. Effective Rate (p.a.)
0.80 %
Loan amount between 2,500 - 50,000 EUR; loan term 4 - 84 months; borrowing rate 0.80 - 0.80 %
Car Loan Details
Loan Currency
EUR
Min. Loan Term
4 months
Max. Loan Term
84 months
Min. Loan Amount
2,500 EUR
Max. Loan Amount
50,000 EUR
Min. Effective Rate (p.a.)
0.80 %
Max. Effective Rate (p.a.)
0.80 %
Car Loan Features

Loan purposes: car purchase

Finance purchase of new vehicles

Suitable for purchase of eco-friendly vehicles

Sales Reqion
BEBelgium
Max. Loan Amount
50,000 EUR
Loan Term
4 - 84 months
Min. Effective Rate (p.a.)
1.15 %
Loan amount between 2,500 - 50,000 EUR; loan term 4 - 84 months; borrowing rate 1.15 - 1.15 %
Car Loan Details
Loan Currency
EUR
Min. Loan Term
4 months
Max. Loan Term
84 months
Min. Loan Amount
2,500 EUR
Max. Loan Amount
50,000 EUR
Min. Effective Rate (p.a.)
1.15 %
Max. Effective Rate (p.a.)
1.15 %
Car Loan Features

Loan purposes: car purchase

Finance purchase of new vehicles

Suitable for purchase of eco-friendly vehicles

BEBelgium: This product is offered to Belgian residents only. When clicking on the product link you will be redirected to the product page in Dutch, French or German.

See Also

Trading Accounts

Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.

Trading accounts offered by BELFIUS BANK are shown in the table below.

Updated on 5 February 2025

Belfius BE
Sales Reqion
BEBelgium
Annual Costs
7.50 EUR
Costs per Order
20.00 EUR
Instruments: stocks, bonds, ETFs, investment funds, futures, options, certificates
Trading Account Details
Product Name
Belfius BE
Annual Costs
7.50 EUR
Costs per Order
20.00 EUR
Traded Instruments
stocks
bonds
ETFs
investment funds
futures
options
certificates
Trading Account Features

Major world stock exchanges

Most popular trade instruments

Available to Belgian residents

BEBelgium: This product is offered to Belgian residents only. When clicking on the product link you will be redirected to the product page in Dutch, French or German.
Investor Compensation. Trading accounts made with BELFIUS BANK are covered by investor compensation scheme of Belgium up to 20,000 EUR per investor.

See Also

Balance Sheet

Total Assets (2023)
161.65 bln EUR   (-0.53%)

In 2023 total assets of BELFIUS BANK were 161.65 bln EUR. Decline compared to the previous period (2022) was -0.53%. The evolution of the total assets of BELFIUS BANK is shown at Chart 1 below.

Total Assets of BELFIUS BANK.

Chart 1. Total Assets of BELFIUS BANK.

Recent changes in total assets of BELFIUS BANK and its main components are shown in Table 1.

2022 2023 change (%)
Cash and deposits with Central Banks 26.2 19.4 -25.87%
Loans to banks 5.2 6.3 +21.47%
Loans to customers 109.5 113.7 +3.84%
Total Assets 162.5 161.7 -0.53%

Table 1. Recent changes in total assets of BELFIUS BANK (bln EUR).

Recent changes in total liabilities of BELFIUS BANK and its main components are shown in Table 2.

2022 2023 change (%)
Bank deposits 7.8 5.2 -32.87%
Customer deposits 109.6 104.9 -4.34%
Total Liabilities 162.5 161.7 -0.53%

Table 2. Recent changes in total liabilities of BELFIUS BANK (bln EUR).

Market Share and Rank (among banks in Belgium)

Total Assets (2023)
3rd (market share 12.46%)

In 2023 BELFIUS BANK was ranked the 3rd largest bank in Belgiumin terms of total assets, having 12.46% of the domestic market share.

Market share of BELFIUS BANK (among banks in Belgium)

Chart 2. Market share of BELFIUS BANK (among banks in Belgium)

Historical changes in BELFIUS BANK's domestic rank and market share over 2019-2023 are shown below:

YearRankMarket %
2023312.46 %
2022312.98 %
2021315.07 %
2020314.98 %
2019315.70 %

TheBanks.eu identified several banks banks having the market shares and ranks closest to BELFIUS BANK listed below.

RankNameMarket %Total Assets
2 KBC Bank16.49%213.90 bln EUR   (-7.88%)
3 BELFIUS BANK12.46%161.65 bln EUR   (-0.53%)
4 EUROCLEAR BANK12.45%161.57 bln EUR   (+30.75%)

Credit Ratings (as of Sep 2023)

Fitch
A- (high credit quality)
Moody's
Aa3 (high grade)

BELFIUS BANK has received ratings from two major credit rating agencies: Fitch and Moody's. These ratings assess the institution's financial stability and creditworthiness.

Fitch

Rating Category / OutlookValue
Long-Term Issuer Default Rating A- (high credit quality)
    Outlook stable
    On Watch No
Short-Term Issuer Default Rating F1 (highest short-term credit quality)
Viability Rating a-
Support Rating WD
Support Rating Floor WD

The long-term issuer rating measures the bank’s ability tomeet its financial obligations, while the short-term rating reflects itsshort-term creditworthiness. The stable outlook means Fitch does not expect this rating to change in the near future.

Moody's

Rating Category / OutlookValue
Long-Term Rating Aa3 (high grade)
Long-Term Bank Deposit Rating A1 (upper medium grade)
Baseline Credit Assessment baa1
Outlook positive

Moody’s rating system highlights the bank's long-term high strength, with the Aa3 rating showing high credit quality. The ratings are assigned a positive outlook, indicating potential upgrade.

Identifiers of BELFIUS BANK

Discover key identifiers of BELFIUS BANK including its BIC, LEI, company number, MFI ID.

BIC (Business Identifier Code)

BIC: GKCCBEBB

The BIC (also known as SWIFT code) for BELFIUS BANK is GKCCBEBB. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.

KeyValue
BIC GKCCBEBB
Bank BIC Code GKCC
Country Code BE (Belgium)
Location Code BB
Branch Code -

LEI (Legal Entity Identifier)

LEI: A5GWLFH3KM7YV2SFQL84

BELFIUS BANK’s LEI is A5GWLFH3KM7YV2SFQL84. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.

KeyValue
LEI A5GWLFH3KM7YV2SFQL84
LOU Identifier A5GW
Reserved LF
Entity Identifier H3KM7YV2SFQL
Verification ID 84

Company Registration Number

Company Registration Number: 0403201185

BELFIUS BANK is registered in Belgium under company number 0403201185. In Belgium, Company Registration Number is assigned automatically when registering a company in the Crossroads Bank for Enterprises (CBE). The company registration number is a unique identification number consisting of 10 digits, starting with 0 or 1.

KeyValue
Company Number 0403201185

MFI ID (Monetary Financial Institution Identifier)

MFI ID: BE0403201185

BELFIUS BANK’s MFI ID, BE0403201185, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Belgium (BE), followed by the institutions's internal ID.

KeyValue
MFI ID BE0403201185
Country Code BE
MFI Code 0403201185

Banks Similar to BELFIUS BANK

TheBanks.eu identified several banks similar to BELFIUS BANK based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus
  • originating country
  • total assets (market share)

Bank Category
Commercial banks
Business Focus
banking for diamond jewelry sector
Total Assets
1,375.14 mln EUR   (-12.14%)

Bank Category
Commercial banks
Business Focus
private banking
Total Assets
4,533.08 mln EUR   (-1.17%)

Bank Category
Commercial banks
Business Focus
retail banking
Total Assets
9,845.00 mln EUR   (+9.12%)

Bank Category
Commercial banks
Business Focus
retail banking
Total Assets
69.39 mln EUR   (+1.55%)

Bank Category
Commercial banks
Business Focus
retail banking
Total Assets
12,220.43 mln EUR   (-1.34%)

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