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Economy and Banking Sector of Belgium

Major Banks of Belgium

Rank
1
Total Assets
223.43 bln EUR  (+9.69%)
Market Share
23.28 %
Rank
2
Total Assets
178.98 bln EUR  (+0.10%)
Market Share
18.65 %
Rank
3
Total Assets
150.72 bln EUR  (-8.19%)
Market Share
15.70 %
Rank
4
Total Assets
137.32 bln EUR  (+2.58%)
Market Share
14.31 %
Rank
5
Total Assets
39,118.39 mln EUR  (+7.01%)
Market Share
4.08 %
Rank
6
Total Assets
32,747.66 mln EUR  (+26.58%)
Market Share
3.41 %
Rank
7
Total Assets
24,631.16 mln EUR  (+11.36%)
Market Share
2.57 %

#1: 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.

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

BNP Paribas Fortis is the 1st largest bank in Belgium in terms of total assets. In 2019 its total assets were 223,43 bln EUR, providing the bank with the market share of 23.28%.

BNP Paribas Fortis 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). BNP Paribas Fortis participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: 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.

Services
retail banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension accounts

KBC Bank is the 2nd largest bank in Belgium in terms of total assets. In 2019 its total assets were 178,98 bln EUR, providing the bank with the market share of 18.65%. In 2019 the bank's net income was 2 040,00 mln EUR.

KBC 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). KBC Bank participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: 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.

Services
retail banking
corporate banking
securities services
Products
current accounts
savings accounts
time deposit accounts
credit cards
mortgage loans

BELFIUS BANK is the 3rd largest bank in Belgium in terms of total assets. In 2019 its total assets were 150,72 bln EUR, providing the bank with the market share of 15.70%.

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). BELFIUS BANK participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: ING BELGIUM

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.

Services
retail banking
private banking
corporate banking
securities services
Products
current accounts
savings accounts
time deposit accounts
credit cards
mortgage loans

ING BELGIUM is the 4th largest bank in Belgium in terms of total assets. In 2019 its total assets were 137,32 bln EUR, providing the bank with the market share of 14.31%.

ING BELGIUM is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). ING BELGIUM participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: 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.

Services
retail banking
insurance
Clients
natural persons
Products
current accounts
savings accounts
time deposit accounts
credit cards
mortgage loans

ARGENTA SPAARBANK is the 5th largest bank in Belgium in terms of total assets. In 2019 its total assets were 39 118,39 mln EUR, providing the bank with the market share of 4.08%.

ARGENTA SPAARBANK participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: THE BANK OF NEW YORK MELLON

Established in 1784, The Bank of New York Mellon (BNY Mellon) is an American investments company. BNY Mellon provides investment management, investment services and wealth management for institutions and individuals all over the world.

THE BANK OF NEW YORK MELLON is the 6th largest bank in Belgium in terms of total assets. In 2019 its total assets were 32 747,66 mln EUR, providing the bank with the market share of 3.41%.

THE BANK OF NEW YORK MELLON is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade). THE BANK OF NEW YORK MELLON participates in the deposit guarantee scheme of Belgium. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: 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.

Services
retail banking
Clients
natural persons and SMEs
Products

AXA BANK BELGIUM is the 7th largest bank in Belgium in terms of total assets. In 2019 its total assets were 24 631,16 mln EUR, providing the bank with the market share of 2.57%.

AXA BANK BELGIUM is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). AXA BANK BELGIUM participates in the deposit guarantee scheme of Hungary. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also