As of 2016, there are 50 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 365% in 2016, down from 600% in 2008.
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 recovery in the domestic economy.
For anyone considering a career in banking in the Netherlands, this list is a helpful guide on where to start. To learn more, see our lists of financial institutions.
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.
In 2016, the bank reported total assets of US$1,003 billion and a net profit US$5,025 million.
Cooperative Rabobank was founded in 1898 and is based in Utrecht. The bank 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. It operates through five business segments: Domestic Retail Banking, Wholesale Banking, International Rural and Retail Banking, Leasing Real Estate, and Others. In 2016, the bank’s total assets amounted to US$799.4 billion and net profit reached US$2,330 million.
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, it is owned by the Kingdom of Netherlands. It operates through its Retail Banking, Private Banking, and Corporate Banking segments, and employs around 21,000 employees. As of 2016, the bank’s total assets were US$469 billion and net profit was US$2,147 million.
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: ASN Bank, BLG Wonen, RegioBank, and SNS, and employs more than 4,000 individuals. In 2016, the bank reported total assets of US$73 billion and a net profit of US$391 million.
Established in 1945, NIBC Bank is a subsidiary of NIBC Holding NV. The commercial bank provides corporate banking services and serves corporate clients, entrepreneurial investors, institutional investors, financial sponsors, and retail customers. With more than 660 employees, it is headquartered in The Hague. As of 2016, the bank’s total assets amounted to US$28 billion and net profit reached US$121 million.
Achmea Bank was formed in 1995 and is headquartered in Zeist. The bank was created from the merger between 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 150 staff. As of 2016, the total assets of the bank were US$17.8 billion and net profit was US$15 million.
Founded in 1737, F. van Lanschot Bankiers is the oldest bank in the Netherlands. It provides private banking, asset management, and merchant banking services in the Netherlands and Belgium, and employs more than 1,700 staff. In 2016, the bank reported total assets of US$17.6 billion and a net profit of US$83 million.
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 over 1,200 individuals. In 2016, the bank’s total assets amounted to US$10.8 billion and net profit reached US$34 million.
Established in 1807, Delta Lloyd Bank is headquartered in Amsterdam. The bank provides insurance and banking products to individuals and business customers. It also offers retail products such as savings accounts, investments, and mortgage loans. As of 2016, the total assets of the bank were US$6,527 million and net profit was US$17 million.
KAS Ban was founded in 1806 and is headquartered in Amsterdam. The bank provides wholesale securities services to professionals in the pensions and securities industries in the Netherlands, the United Kingdom, Germany, and Belgium. It employs more than 600 staff. In 2016, the bank reported total assets of US$5,229 million and posted a net profit of US$18 million.
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This has been a 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:
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