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Economy and Banking Sector of the Netherlands

Financial System Development

Financial System
84.6, 17th out of 144 countries
Banks' Soundness
81.7, 18th out of 144 countries

According to World Economic Forum's Global Competitiveness Report 2019, financial market development in Netherlands is scored 84.6 out of maximum 100.0 and ranked 17th out of 144 analysed economies.

Financial Market Development in Netherlands.

Chart 1. Financial Market Development in Netherlands. Source: WEF.

Soundness of banks is scored 5.9 bringing Netherlands into the 18th place.

Soundness of Banks in Netherlands.

Chart 2. Soundness of Banks in Netherlands. Source: WEF.

Further Information

Banking Focus

Banks in the Netherlands are mainly focused on the following areas:

  • local cooperative banking
  • corporate banking
  • retail banking

Banking Supervision

De Nederlandsche Bank N.V.

Banking Sector Structure

Number of Banks
Consolidated Assets (2019)
2,485.72 bln EUR  (+1.25%)
Recent Changes (2018)
new banks: 4, closed banks: 3

Currently there are 98 credit institutions operating in Netherlands.

In 2019 consolidated banking assets in the Netherlands were 2,485.72 bln EUR. The consolidated banking assets' evolution is shown at Chart 3 below.

Consolidated banking assets in Netherlands.

Chart 3. Consolidated banking assets in Netherlands.

Recent structural changes (2013 - 2018) of the banking sector of Netherlands are summarised in Table 1.

Number of Opened Banks477444
Number of Closed Banks10381711153

Table 1. Recent structural changes in the banking sector of Netherlands.

The list of the most recently opened banks in Netherlands is provided in Table 2.

NameStart Date
Barclays Bank Ireland Plc, Netherlands branchNovember 2018
J.P. Morgan AG Amsterdam BranchOctober 2018
J.P. Morgan Bank Luxembourg S.A.June 2018
Hoist Finance ABMarch 2018
Adyen NVJuly 2017
National Westminster Bank Plc.May 2017
BNP Paribas S.A.February 2017
CACEIS Bank, Netherlands BranchJanuary 2017
UBS Europe SE, Netherlands BranchDecember 2016
J.P. Morgan Europe LimitedOctober 2016

Table 2. The most recently opened banks in Netherlands.

All the credit institutions operating in Netherlands can be classified into several categories. Table 3 summarises the number of banks in each category.

CategoryNumber of Banks
Branches of foreign banks51
Central banks1
Cooperative banks7

Table 3. Number of banks by category in Netherlands.

There are 51 branches of foreign banks from 12 different countries in Netherlands. Table 4 shows 10 countries having the biggest number of branches in Netherlands.

Country of OriginNumber of Branches
DE Germany13
LU Luxembourg10
FR France9
BE Belgium5
GB United Kingdom4
IE Ireland3
SE Sweden2
NL Netherlands1
US United States1
KR Korea, Republic of1

Table 4. Number of branches of foreign banks in Netherlands grouped by country of origin.

Deposit Guarantee Scheme

Maximum Protected Amount
100,000 EUR

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

From a depositor's point of view it is important to know:

  • if the depositor is eligible within the terms of the deposit guarantee scheme;
  • if the depositor's bank is a participant in the deposit guarantee scheme;
  • if the depositor's type of deposit is covered by the deposit guarantee scheme.

All these details about deposit guarantee scheme in Netherlands are summarised in Table 5.

Maximum Protected Amount
100,000 EUR
Temporary High Balance
500,000 EUR
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
legal entities
Non-Eligible Depositors
credit unions
investment firms
insurance and re-insurance companies
pension funds
public authorities
Covered Accounts
current accounts
savings accounts
term deposits
credit balances on credit card accounts
sealbag accounts
Non-Covered Accounts
bank savings deposits in respect of home purchase loans
subordinated deposits
investments, e.g. securities accounts and bearer bonds
insurance products
electronic money
Paid In Currency

Table 5. Deposit guarantee scheme in Netherlands.

EEA stands for European Economic Area and consists of all EU member states plus Liechtenstein, Norway and Iceland.

Further Information

Country Ceiling for Deposits

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)
Aaa (prime)
Foreign Currency
Aaa (prime)

Local currency (Euro) deposit ceiling for Netherlands is set to Aaa (prime), foreign currency deposit ceiling is Aaa (prime).

Deposit Rates

Average Deposit Rate (Mar 2020, EUR)
1.01 %  (Feb 2020: 1.00 %)
In March 2020, an agreed annualised deposit rate in local currency (Euro) of new contracts with agreed maturity up to 1 year between credit institutions and households was 1.01% which was above the Euro Area average (0.31%).
Deposit Rates in Netherlands.

Chart 4. Deposit Rates in Netherlands. Source: ECB.

Further Information