The banking sector in the Netherlands is highly concentrated and dominated by a few large banks which account for approximately 80% of the market share. De Nederlandsche Bank, established on March 25, 1814, is the central bank of the country. Professor Klaas H.W. Knot is the current President of central bank. Dutch banking system employs approximately 70,000 people. Below is a list of the largest banks operating in the Netherlands.

ING Group

ING Group (or ING Groep N.V.) (Euronext: INGA; NYSE: ING), headquartered in Amsterdam, is the largest financial institution in the Netherlands with €922 billion in total assets, €651 billion in loans, €574 billion in deposits and €54.4 billion in total equity as of September 30, 2019. With about 55,000 employees, it operates in more than 40 countries spanning Europe, North and Latin America, and Asia-Pacific region. In Australia, it operates through ING Bank (Australia) Ltd. The Group is rated A-, Baa1 and A+ by Standard & Poor's, Moody's and Fitch, respectively. As of November 29, 2019, the company had a market capitalization of US$45 billion.


Based in Utrecht, Rabobank is the second-largest bank in the Netherlands in terms of total assets. It serves over 7.3 million Dutch customers and 1 million international clients. It is a cooperative bank operating across all financial markets in the country. It maintains 409 domestic retail branches and 101 local Rabobanks as well as has operations in 38 countries worldwide. As of December 31, 2018, the company posted EUR 590.437 billion in total assets, EUR 436.591 billion in customer loans and EUR 342.410 billion in customer deposits.


ABN AMRO Group N.V. is the third-largest bank in the Netherlands. It operates through four business areas: Retail Banking, Private Banking, Corporate Banking and Capital Markets, with main focus on the Netherlands. The company is also active in the UK, France, Luxembourg, Germany and Belgium as well as has representative offices and branches in New York, Hong Kong, Singapore, Shanghai, Oslo, Chicago, Dubai, Sydney, Athens, Tokyo, Frankfurt and Dallas. In domestic market, ABN AMRO maintains an extensive network of over 200 retail branches. The company’s total assets amounted to EUR 381 billion during FY 2018.

BNG Bank

BNG Bank N.V., headquartered in The Hague, offers specialized financial products for publicly owned organizations, including local authorities, housing associations, healthcare institutions and public utilities. The State of the Netherlands owns 50 percent of the Bank while the remainder is owned by municipal authorities and provinces. It was previously known as N.V. Bank Nederlandse Gemeenten and was renamed BNG Bank on August 27, 2018. The company was established in 1914 and employs over 300 staff. BNG’s long-term credit ratings: AA+ from Fitch, Aaa from Moody’s and AAA from Standard & Poor’s.

Nederlandse Waterschapsbank

Nederlandse Waterschapsbank (NWB Bank) is the fifth largest bank in the Netherlands in terms of total assets. It provides products and services to the Dutch public sector. The company offers short-term and long-term lending to water authorities, local authorities, provinces, educational and healthcare institutions, and for environmental projects. As of June 2018, the company’s long-term loans and advances reached EUR 46.817 billion. The Bank was established in 1954 and is headquartered at Rooseveltplantsoen 3, 2517 KR, Hague.

De Volksbank

De Volksbank NV is the sixth largest bank in the Netherlands by assets with balance sheet total of EUR 60.948 billion. With focus on retail market, it offers deposit and lending products, credit cards, personal and mortgage loans, insurance, investments, payment services and online banking to individuals and small and medium-sized enterprises. The company operates under various brands comprising ASN Bank (one of the leading banks in sustainable banking), BLG Wonen, RegioBank and SNS. De Volksbank was previously known as SNS Bank and received its current name in 2017. Headquartered at Croeselaan 1, 3521 BJ Utrecht, it employs around 3,000 people (FTEs). All shares of the Bank are held by de Volksholding B.V., which owned by Stichting administratiekantoor beheer financiële instellingen.


NIBC Bank N.V. is a Dutch commercial bank established in 1945 and headquartered at Carnegieplein 4, 2517 KJ Den Haag. With about 700 employees, it operates in the Netherlands, Belgium, Germany and the United Kingdom, with a focus on the following industries: fintech, financial sponsors, infrastructure, life sciences (pharma, biotechnology, and diagnostics companies), mid-market corporates (food, agriculture and retail sector), offshore energy, commercial real estate, technology (high tech, business software and ICT services) and transportation. The company provides products and services to over 400,000 retail customers and 600 mid-sized companies. It offers mortgage loans, savings and brokerage products, online banking, leveraged finance, corporate lending, receivables financing, asset & cash flow finance, mezzanine and equity solutions, mergers & acquisitions and debt & equity advisory services, among others. The Bank is a wholly-owned subsidiary of NIBC Holding N.V.

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Updated as of December 1, 2019