List of Banks in Belgium
There are more than 80 registered credit institutions operating in Belgium. The big four banks in Belgium are BNP Paribas Fortis, KBC, Belfius and ING Belgique. The Belgian banking sector’s consolidated total assets based on IFRS exceed €1.3 trillion. BFAC (Banking, Finance and Insurance Commission) supervises the country's financial market in coordination with a central bank (The National Bank of Belgium). Below you will find a list of the most popular Belgian banks.
Top 5 Banks in Belgium
Following are the top 5 banks in Belgium in terms of total assets.
| Rank | Name | Total assets, USD b | Balance Sheet |
| 1 | BNP Paribas Fortis | 421.8 | 06/30/2023 |
| 2 | KBC Group | 383.7 | 12/31/2023 |
| 3 | Belfius | 197.1 | 06/30/2023 |
| 4 | ING Belgium | 183.3 | 12/31/2022 |
| 5 | Euroclear Bank | 141.2 | 12/31/2022 |
BNP Paribas Fortis
BNP Paribas Fortis, founded in 1990, is the leading bank in Belgium. It provides services to retail and SME customers, high net worth individuals, Belgian and European corporations, public entities, local authorities and the self-employed. The Bank’s core business areas are retail and private banking, corporate and institutional banking and investment solutions. It is the safest and best bank in Belgium according to Global Finance.
KBC Group
KBC Group NV, with 41,000 talented employees, provides services to 13 million customers including over 3.8 million local clients. KBC is a bank-insurance group operating primarily in Belgium, Slovakia, the Czech Republic, Ireland, Hungary and Bulgaria. It provides services through over 1,150 branches including 440 branches and 310 insurance agencies in Belgium as well as through various distribution channels in Central and Eastern Europe. KBS’s market capitalization was over €27 billion at March 1, 2024.
Belfius Bank
Belfius Bank is a banking and insurance group headquartered in Brussels. It is one of the major Belgian banks with about 530 branches and 6,500 employees. It is the 2nd largest retail bank insurer in Belgium and one of the leaders in mobile banking with two million mobile users. As at June 30, 2023, it had total assets of €178 billion, loans and advances of €112 billion, and borrowings and deposits of €107 billion.
ING Belgium
ING Belgium NV/SA (ING Belgique) is a subsidiary of the Netherlands-based ING Group. The company provides a comprehensive range of products and services through the following segments: Retail & Private Banking, Corporate & Institutional Banking, Investment Banking, Financial Markets, Asset Management and Insurance. ING is the first universal direct bank in Belgium. It is also one of the three largest operators in the Belgian private banking sector. The company was previously known as Banque Bruxelles Lambert (BBL) and became a wholly-owned subsidiary of ING Group in 1998.
Argenta
Argenta Bank- en Verzekeringsgroep (or Argenta Group), established in 1956, is a large bank in Belgium with around 1,100 employees and 1.75 million customers. It maintains a network of 415 branch locations across Belgium and has a presence in the Netherlands and Luxembourg. Headquartered in Antwerp, the company operates through its main subsidiaries: Argenta Spaarbank and Argenta Assurancies.
Crelan
Crelan Group, headquartered in Brussels, is a cooperative bank specialized in the financing of the agricultural sector. With over 4,600 enthusiastic employees, it serves more than 1.8 million customers and 280,000 co-operators through more than 830 branches. The Group controls Europabank and Crelan Insurance. In 2021, Crelan acquired AXA Bank Belgium, the sixth largest retail bank in the country.
Beobank
Beobank NV/SA (formerly Citibank Belgium) provides standard banking services including loan and savings products to over 750,000 individuals and business customers through more than 220 branches across the country. It operates as a subsidiary of The Crédit Mutuel Nord Europe, a French banking group. The Bank employs around 1,000 people and is based in Brussels.
Keytrade Bank
Keytrade Bank is a Belgian direct bank offering free current account, free Visa debit and credit cards, high fidelity and azur savings accounts, investment plans, brokerage services, mortgage products and more. Keytrade is the Belgian branch of Arkea Direct Bank SA.
Delen Private Bank
Delen Private Bank, headquartered in Antwerpen, specializes in private wealth management. It offers discretionary asset management, estate planning and institutional services. Delen family and the Ackermans & van Haaren group are the two stable shareholders of the company. The Bank has over $54 billion in assets under management (AUM).
See also: Largest Belgian Banks
Other Belgian Banks
Aion Bank NV/SA
Attijariwafa Bank Europe (Belgium)
Banque CPH
Banque Triodos
Bank J.Van Breda & C
BBVA Bélgica
Financial Trust Bank
HSBC Bank plc (Belgium)
MeDirect Bank SA/NV
NewB - A Belgian cooperative bank
Rabobank.be
Record Bank merged into ING Belgium.
Santander Consumer Finance SA
Van Lanschot Belgium
Vdk bank NV (formerly VDK Spaarbank)
Last updated October 15, 2024