Overview of Banks in the Netherlands
As of 2021, there are 93 banks in the Netherlands. The Bank of the Netherlands is the country’s central bank and acts as a state-owned bank, a “bankers’ bank,” and a lender. The country’s banking sector accounts for a relatively large part of its GDP. The ratio of banking assets to the GDP of the Netherlands was 314% in 2020, down from 530% in 2007.
Following massive consolidation after the global financial crisis, very large banks in the Netherlands dominate the domestic banking sector. Ownership of the biggest banks in the Netherlands is mixed: one bank is publicly listed, some are (partially) owned by the national government, and another is a large cooperative institution. The presence of foreign banks in the Netherlands is relatively small compared to that in other European markets.
According to Moody’s, the country’s banking system is stable, as the rating agency believes that the country will continue to benefit from the recovery in the domestic economy.
For anyone considering a career in banking in the Netherlands, this list of top banks in the Netherlands is a helpful guide on where to start. To learn more, see our lists of financial institutions.
The Top Banks in the Netherlands are:
ING Bank NV
Established in 1927, ING Bank is a subsidiary of ING Groep NV and is headquartered in Amsterdam. The bank provides banking services in the Netherlands, the rest of Europe, North America, Latin America, Asia, and Australia. It primarily serves individuals, small and medium-sized enterprises, and financial institutions. It employs more than 50,000 staff.
Net income: EUR 2.42 billion (2020)
Total assets: EUR 937.4 billion (2020)
Cooperative Rabobank UA
Cooperative Rabobank was founded in 1898 and is based in Utrecht. It provides retail banking services, wholesale/corporate banking services, residential and commercial real estate financing, food and agriculture financing, working capital loans and investments, and insurance products.
The bank operates through five business segments: Domestic Retail Banking, Wholesale Banking, International Rural and Retail Banking, Leasing Real Estate, and Others.
Net income: EUR 1.06 billion (2020)
Total assets: EUR 632.3 billion (2020)
ABN AMRO Bank NV
Established in 1720, ABN AMRO Bank is a subsidiary of ABN AMRO Group NV. The bank provides financial services in the Netherlands and several other countries.
Headquartered in Amsterdam, ABN AMRO is owned by the Kingdom of Netherlands. It operates through its Retail Banking, Private Banking, and Corporate Banking segments, and employs around 19,400 staff.
Net income: EUR -45.0 million (2020)
Total assets: EUR 409.96 billion (3/2021)
De Volksbank NV
Founded in in 1817, De Volksbank is based in Utrecht. The bank provides various banking products and services to individuals and small businesses. It operates under four brands of banks in the Netherlands: ASN Bank, BLG Wonen, RegioBank, and SNS, and employs more than 4,000 individuals.
Net income: EUR 174.0 million (2020)
Total assets: EUR 67.5 billion (2020)
NIBC Bank NV
Established in 1945, NIBC Bank is a subsidiary of NIBC Holding NV. As one of the commercial banks in the Netherlands, it provides corporate banking services and serves corporate clients, entrepreneurial investors, institutional investors, financial sponsors, and retail customers. With more than 640 employees, it is headquartered in The Hague.
Net income: EUR 49.0 million (2020)
Total assets: EUR 21.06 billion (2020)
Achmea Bank NV
Founded in 1811, Achmea Bank is headquartered in Zeist. The bank was created from the merger between two other banks in the Netherlands, Zilveren Kruis and Avéro Centraal Beheer Groep (AVCB). It provides mortgage loans and savings accounts to private customers in the Netherlands under the Centraal Beheer, Woonfonds, and FBTO brands. It employs more than 12,300 staff.
Net income: EUR 642.0 million (2020)
Total assets: EUR 93.66 billion (2020)
Van Lanschot Kempen NV
Founded in 1737, Van Lanschot Kempen is the oldest of the banks in the Netherlands. The company was formerly known as Van Lanschot NV and changed its name to Van Lanschot Kempen N.V. in June 2017. It provides private banking, asset management, and merchant banking services in the Netherlands and Belgium, and employs more than 1,560 staff.
Net income: EUR 49.76 million (2020)
Total assets: EUR 15.15 billion (2020)
Triodos Bank NV
Triodos Bank was formed in 1980 and is headquartered in Zeist. The bank provides personal and business banking products and services in the Netherlands, Belgium, Germany, the United Kingdom, and Spain. It employs around 518 individuals.
Net income: EUR 39.0 million (2019)
Total assets: EUR 12.06 billion (2019)
CACEIS & KAS Bank NV
In September 2020, CACEIS acquired KAS Bank. Founded in 1806, Kas Bank is headquartered in Amsterdam. CACEIS is based in Paris, France. It serves customers in Europe, North America, and Asia. CACEIS operates as a subsidiary of Credit Agricole S.A.
Net income: EUR 140.0 million (2018)
Total assets: EUR 79.15 billion (2018)
Careers in Investment Banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map: For banking careers, you will have a significant edge over the competition with our financial modeling courses.
This has been CFI’s guide to the top banks in the Netherlands. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: