|Financial Market Development|
|4.6 (max 7.0), 28th out of 138 countries|
|5.4 (max 7.0), 41st out of 138 countries|
According to World Economic Forum's Global Competitiveness Report 2017-2018, financial market development in Netherlands is scored 4.6 out of maximum 7.0 and ranked 28th out of 138 analysed economies, trustworthiness and confidence of financial market is scored 4.6 (50th place).
Chart 1. Financial Market Development in Netherlands. Source: WEF.
Soundness of banks is scored 5.4 bringing Netherlands into the 41st place.
Chart 2. Soundness of Banks in Netherlands. Source: WEF.
|Maximum Protected Amount|
|100 000 EUR|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Netherlands are summarised in Table 1.
|Scheme Participants||all credit institutions operating in Netherlands, branches of non-EEA banks, branches of the Netherlands' banks abroad|
|Scheme Exemptions||branches of EEA-banks (covered by their home countries)|
|Eligible Depositors||private individuals, small companies|
|Covered Accounts||nearly every payment or savings account, current account or term deposit is covered|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Table 1. Deposit guarantee scheme in Netherlands.
EEA stands for European Economic Area and consists of all EU member states plus Liechtenstein, Norway and Iceland.
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
|Local Currency (Euro)|
Local currency (Euro) deposit ceiling for Netherlands is set to Aaa (prime), foreign currency deposit ceiling is Aaa (prime).
|Average Deposit Rate (Jan 2018, EUR)|
|1.36 % (Dec 2017: 1.59 %)|
Chart 3. Deposit Rates in Netherlands. Source: ECB.
|Number of Banks|
|Consolidated Assets (2016)|
|2 532.98 bln EUR (+0.20%)|
|Recent Changes (2016)|
|new banks: 4, closed banks: 111|
Currently there are 98 credit institutions operating in Netherlands.
In 2016 consolidated banking assets in the Netherlands were 2 532.98 bln EUR. The consolidated banking assets' evolution is shown at Chart 4 below.
Chart 4. Consolidated banking assets in Netherlands.
Recent structural changes (2013 - 2016) of the banking sector of Netherlands are summarised in Table 2.
|Number of Opened Banks||4||7||7||4|
|Number of Closed Banks||10||38||17||111|
Table 2. Recent structural changes in the banking sector of Netherlands.
The list of the most recently opened banks in Netherlands is provided in Table 3.
|UBS Europe SE, Netherlands Branch (new)||December 2016|
|J.P. Morgan Europe Limited (new)||October 2016|
|Credit Suisse (Luxembourg) S.A., Netherlands Branch (new)||May 2016|
|Intesa Sanpaolo Bank Luxembourg Amsterdam Branch (new)||April 2016|
|Bank Degroof Petercam SA (new)||December 2015|
|Bank of America Merrill Lynch International Limited (new)||October 2015|
|Citibank Europe Plc (new)||October 2015|
|Credit Suisse International (new)||October 2015|
|Maple Bank GmbH (closed)||August 2015|
|China Construction Bank (Europe) S.A. (new)||April 2015|
Table 3. The most recently opened banks in Netherlands.
All the credit institutions operating in Netherlands can be classified into several categories. Table 4 summarises the number of banks in each category.
|Category||Number of Banks|
|Branches of foreign banks||49|
There are 49 branches of foreign banks from 12 different countries in Netherlands. Table 5 shows 10 countries having the biggest number of branches in Netherlands.
|Country of Origin||Number of Branches|
|Korea, Republic of||1|