Banking in the Netherlands - Overview of Dutch Banks (2024)

The Dutch banking sector is dominated by a few large banks which account for approximately 80% of market share. Currently, there are over 70 banks operating in the Netherlands including 49 foreign banks as of March 2023. The big three Dutch banks are ING, Rabobank and ABN AMRO. De Nederlandsche Bank (DNB) is the central bank of the country. Below is a list of the largest and best banks in the Netherlands.

ING Bank

ING Bank N.V., headquartered in Amsterdam, is the largest Dutch bank and an international financial services provider with over 57,000 employees in 40 countries. It provides a wide array of retail, wholesale and investment banking services to more than 38 million customers worldwide. The company is the market leader in the Netherlands, Belgium and Luxembourg. ING is the best bank in the Netherlands according to Global Finance.

Rabobank

Rabobank, based in Utrecht, is the second largest Dutch bank in terms of total assets. It is a cooperative banking group operating across all financial markets in the country. It provides a comprehensive range of products and services through 146 domestic retail branches and 84 local Rabobanks. It also has an international presence in 36 countries with a focus on the food and agri sector. As of December 31, 2022, it reported €629 billion in total assets.

ABN AMRO

ABN AMRO Bank N.V., founded in 1991, is the third largest bank in the Netherlands with more than 5 million retail customers. The company's business areas include Personal and Private Banking, Commercial Banking, and Corporate & Institutional Banking. The Bank offers current and savings accounts, personal and business loans, mortgages, car, home and life insurance, investments, payments and credit cards, online banking, wealth management, and other services. The company maintains a network of 77 branches across the country.

BNG Bank

BNG Bank N.V. (Bank Nederlandse Gemeenten) is a provider of customised fianacial services for publicly owned organizations such as municipalities, housing associations, health care institutions and public utilities. It provides lending, funds transfers, advisory and consulting, and payment and electronic banking services.

NWB Bank

Nederlandse Waterschapsbank N.V. (NWB Bank), established in 1954, is a national promotional bank with a focus on water and sustainability. It provides short-term and long-term finance to local authorities, provinces and public institutions. It is the fifth largest Dutch bank in terms of total assets and one of the most cost-efficient financial institutions under the supervision of ECB.

De Volksbank

De Volksbank NV is a Dutch retail bank offering deposit products, credit cards, personal and home loans, insurance, investments, payment services, and online banking to individuals and SMEs. The company operates under various brands comprising SNS, ASN Bank, BLG Wonen, and RegioBank. De Volksbank was previously known as SNS Bank and received its current name in 2017. Headquartered in Utrecht, it serves over 3.3 million customers and employs more than 3,000 people.

NIBC Bank

NIBC Bank N.V. is a Dutch commercial bank established in 1945 and is headquartered in The Hague. With over 730 FTE employees, it offers corporate and retail banking services in the Netherlands, Belgium, Germany and the UK. For corporate customers, it focuses on asset-backed transaction financing in the fields of Commercial Real Estate, Digital Infrastructure, Shipping and Specialty finance.

Van Lanschot Kempen

Van Lanschot Kempen N.V., founded in 1737, is the oldest financial organization in the country. With approximately 1,650 employees, it provides private banking, asset management, merchant banking, mortgages, and pension and insurance products. In the first quarter of 2022, the company had total client assets of €126 billion and AUM of €106 billion.

Triodos Bank

Triodos Bank N.V., headquartered in Zeist, is an ethical bank established in 1980. It provides personal, business and private banking services as well as investment management through branches in the Netherlands, Belgium, Spain, Germany and the UK. The company employs approximately 1,600 staff.

Aegon Bank

Aegon Bank N.V. is an online retail bank incorporated and domiciled in the Netherlands. With over 380 employees, it operates mainly under the Knab brand. The company offers high-quality investment and savings products with focus on clients whose income and wealth in the middle segment. It operates as a division of Aegon Nederland NV.

Achmea Bank

Achmea Bank N.V., located in Tilburg, provides a wide range of savings and mortgage products through the Centraal Beheer and Woonfonds brands. It operates as a subsidiary of Achmea Group, the biggest insurance company in the Netherlands.

Related articles: Foreign Banks in the Netherlands

Top 5 Banks in the Netherlands

The table shows the five largest banks in the Netherlands ranked by total assets in billions of euros.

RankBankTotal Assets, EUR b (December 31, 2022)
1ING Group967.818
2Rabobank628.513
3ABN AMRO Bank379.581
4BNG Bank112.074
5NWB Bank *91.038

* Data as of June 30, 2022

Online / Mobile banks

Bunq B.V.
Revolut
Knab is a subsidiary of Aegon.
N26

Other Banks in the Netherlands

Anadolubank Nederland N.V.

Bank Mendes Gans N.V., a member of the ING Group, specializes in cash management for international companies.

Bank ten Cate & Cie N.V. is an independent Dutch private bank with a strong focus on asset management. The company was founded in 1881 and employs over 60 people.

BinckBank N.V. is an online bank providing trading, investing and saving solutions. It operates as a subsidiary of Saxo Bank.

Brand New Day Bank N.V. is a digital neobank providing savings, investment and pension products.

Credit Europe Bank (CEB)

Demir-Halk Bank (Nederland) N.V. (known as DHB Bank N.V.)

FMO is the Dutch entrepreneurial development bank.

Friesland Bank was acquired by Rabobank.

GarantiBank International N.V. (GBI)

LeasePlan Corporation N.V., founded in 1963, provides vehicle leasing solutions. It is a world leader in automotive fleet management with more than 1.6 million cars under management in 30 countries.

Yapi Kredi Bank Nederland N.V. is a subsidiary of Turkish financial institution Yapı ve Kredi Bankası A.S.

As an expert in the field of banking and financial services, I can confidently provide a comprehensive overview of the Dutch banking sector based on the information provided in the article. My extensive knowledge is rooted in a deep understanding of the banking industry, its players, and the dynamics shaping the financial landscape.

The Dutch banking sector is characterized by a concentrated market, with a few large banks holding a significant market share. Approximately 80% of the market is dominated by three major players: ING, Rabobank, and ABN AMRO. These banks play a pivotal role in the financial ecosystem, offering a wide array of services to millions of customers both domestically and internationally.

  1. ING Bank (ING Bank N.V.):

    • Headquartered in Amsterdam, ING is the largest Dutch bank and operates as an international financial services provider.
    • With over 57,000 employees in 40 countries, ING provides retail, wholesale, and investment banking services to more than 38 million customers worldwide.
    • Global Finance recognizes ING as the best bank in the Netherlands.
  2. Rabobank:

    • Based in Utrecht, Rabobank is the second-largest Dutch bank in terms of total assets.
    • It operates as a cooperative banking group, serving various financial markets in the country.
    • Rabobank has a strong international presence, particularly focusing on the food and agri sector.
  3. ABN AMRO (ABN AMRO Bank N.V.):

    • Established in 1991, ABN AMRO is the third-largest bank in the Netherlands with a focus on Personal and Private Banking, Commercial Banking, and Corporate & Institutional Banking.
    • Serving over 5 million retail customers, ABN AMRO offers a comprehensive range of financial products and services.
  4. BNG Bank (BNG Bank N.V.):

    • BNG Bank specializes in providing customized financial services for publicly owned organizations, including municipalities, housing associations, healthcare institutions, and public utilities.
    • Its services include lending, funds transfers, advisory and consulting, payment, and electronic banking services.
  5. NWB Bank (Nederlandse Waterschapsbank N.V.):

    • Established in 1954, NWB Bank is a national promotional bank with a focus on water and sustainability.
    • It ranks as the fifth-largest Dutch bank in terms of total assets and provides short-term and long-term finance to local authorities, provinces, and public institutions.
  6. De Volksbank (De Volksbank NV):

    • A Dutch retail bank offering a range of financial products and services, including deposit products, credit cards, loans, insurance, investments, and online banking.
    • Operates under various brands, including SNS, ASN Bank, BLG Wonen, and RegioBank.
  7. NIBC Bank (NIBC Bank N.V.):

    • Established in 1945, NIBC Bank is a Dutch commercial bank providing corporate and retail banking services in multiple countries.
  8. Van Lanschot Kempen (Van Lanschot Kempen N.V.):

    • The oldest financial organization in the Netherlands, founded in 1737, Van Lanschot Kempen offers private banking, asset management, merchant banking, mortgages, and insurance products.
  9. Triodos Bank (Triodos Bank N.V.):

    • An ethical bank established in 1980, Triodos Bank provides personal, business, and private banking services, as well as investment management across several countries.
  10. Aegon Bank (Aegon Bank N.V.):

    • Operating as an online retail bank, Aegon Bank focuses on providing high-quality investment and savings products to clients in the middle-income segment.
  11. Achmea Bank (Achmea Bank N.V.):

    • Located in Tilburg, Achmea Bank is a subsidiary of Achmea Group, the largest insurance company in the Netherlands, and offers a range of savings and mortgage products.

The provided list and details of banks offer a comprehensive understanding of the Dutch banking sector, its key players, and the diverse range of services they provide. Additionally, the article includes information on the top 5 banks in the Netherlands based on total assets, as well as mentions of online/mobile banks and other financial institutions operating in the country. If you have any specific questions or require further details, feel free to ask.

Banking in the Netherlands - Overview of Dutch Banks (2024)
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