This post is about the biggest Banks in the Netherlands, we will explore top 10 best banks in Holland, Amsterdam and everything about Dutch banks, via Afrokonnect.
According to Moody’s Investors Service, the banking system in the Netherlands seems to be sound. As a direct consequence of this, Moody’s has assigned a favorable rating to the same.
In addition to this, Moody’s Investors Service forecasts that the creditworthiness of the Dutch banking sector will improve significantly over the course of the next 12 to 18 months.
The high rating that Moody’s Investors Service has given to the Dutch banking sector may be attributed to a number different factors, including the following:
“One of the most significant elements for such a good rating is that Moody feels the domestic situation in the Netherlands is beneficial for the banking sector.
This is one of the most critical factors behind such a positive rating.” The ability of the banks to maintain the performance of their assets is contingent upon the nature of the domestic environment.
The Dutch economy has been rebounding well, doing far better than the economies of its comparable countries in the Eurozone. The performance of Dutch banks with regard to their loan portfolios has likewise been extremely outstanding and consistent.
The structure of banks in the Amsterdam, Netherlands
According to the most recent information that was obtained, the Netherlands is home to around 99 banks.
A significant portion of the Netherlands gross domestic product is contributed by the banking industry.
There was a ratio of 600% in 2008 between the total assets of Dutch banks and the country’s gross domestic product (GDP). In contrast, this figure fell to 365% in the year 2016.
The role of Central Bank in the Netherlands is fulfilled by the Bank of the Netherlands. It is also a bank that is owned by the state and provides services related to loans.
There are several financial institutions in the Netherlands, but only one is publicly traded. Some are wholly or partly owned by the government, and one of the largest is a cooperative.
However, as a result of the global financial crisis, the major banks in the Netherlands now exert an overwhelming amount of control over the entire banking sector.
Top 10 Biggest Banks in the Netherlands – (Best Dutch Banks)
In terms of the sum of their assets, we may look at each of the following:
1. ING Bank NV – Best Bank in Amsterdam
The ING Bank NV has accumulated a total of €937.38 billion worth of assets, making it the most successful financial institution in the Netherlands in terms of total assets obtained.
In 2016, it had a 35.79 percent share of the total assets that were consolidated. This financial institution had a net income of 2,415 million euros in the year 2020.
ING Bank NV is an industry leader in both banking and insurance. Amsterdam is the location of the company’s headquarters.
2. Coöperatieve Rabobank U.A
Cooperatieve Rabobank United States of America is the second-largest bank in terms of total assets acquired in the Netherlands.
This bank has a total asset acquisition value of 590.437 billion euros, in 2016, it had a stake equivalent to 28.52 percent of the total consolidated assets.
During the same year, this financial institution had a net income of 1,960 million euros.
It began operations in 1898, making it about 124 years ago, and has since specialized in the administration of assets, leasing, real estate, insurance, and banking. Utrecht is the location of the company’s headquarters.
Biggest Banks in the Netherlands – (Best Dutch Banks)
3. ABN AMRO Bank N.V – Banks in Amsterdam
ABN AMRO Bank N.V. ranks as the third-largest bank in terms of the total assets it has acquired in the Netherlands.
This bank has a total acquisition of assets of 381.3 billion euros, It had a stake equivalent to 16.73% of the total consolidated assets.
As of the end of the year 2018, this bank had a net income of €2.325 billion. This financial institution is an expert in home mortgages, savings accounts, personal loans, and online banking. Amsterdam is the location of the company’s headquarters.
4. De Volksbank N.V.
De Volksbank N.V. ranks as the fourth biggest bank in terms of the total assets it has acquired in the Netherlands. This bank has accumulated a total of €61561 million worth of assets as of the end of the year.
As a direct result of this, it has a stake equal to 2.61 percent of the total assets held by the combined company. This same bank reported a net income of 329 million Euros for the year in question.
It began operations in 1817, making it about 215 years ago, and it specializes in payment products, savings banking, and mortgage banking. Utrecht serves as the location of the organization’s headquarters.
Biggest Banks in the Netherlands – (Best Dutch Banks)
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5. NIBC Bank N.V.
NIBC Bank N.V. ranks as the fifth-largest bank in terms of the total assets it has acquired in the Netherlands. This bank has accumulated a total of 2,580 million euros worth of assets as of the end of the year.
As a direct consequence of this, it has a one percent stake in the whole consolidated assets. This same bank reported a net income of 102 million Euros for the year in question.
It began operations in 1945, making it around 77 years old, and has since specialized on corporate banking. Gravenhage is the location of the company’s headquarters.
6. Achmea Bank N.V.
Achmea Bank N.V. ranks as the sixth-largest bank in terms of the total assets it has acquired in the Netherlands.
This bank ended the year 2020 with a total asset acquisition value of 13,833,68 million euros. In had a 0.64 percent share of the total assets that were consolidated.
This financial institution had a net income of €27.53 million in the year 2020. This financial institution focuses on providing services related to savings and home mortgage loans. Apeldoorn is the location of the company’s headquarters.
Biggest Banks in the Netherlands – (Best Dutch Banks)
7. Van Lanschot Kempen NV. (van Lanschot Bankiers NV)
When considering total assets acquired, this financial institution ranks as the seventh-largest bank in the Netherlands.
This bank has amassed a total of €14877.41 million in assets at the end of the year, according to their most recent financial report.
It has a 0.63 percent portion of the total assets that are combined. This financial institution had a net income of €49,8 million in the year 2020.
Private banking has been the primary focus of Van Lanschot Kempen NV from its founding in 1737 as its predecessor, F. van Lanschot Bankiers NV, the oldest financial institution in the Netherlands. S-Hertogenbosch is where the company’s headquarters may be found.
8. Tridos Bank N.V
We have Triodos Bank N.V, which ranks as the eighth biggest bank in terms of the total assets it has acquired in the Netherlands.
This bank has a total asset acquisition value of €9081.24 million as of the end of the year. As a result, it has a stake of 0.39% of the total assets held by the combined company.
This financial institution had a net income of 27.2 million Euros in the year. It first opened its doors in 1980 and has since become an industry leader in lending and investment services. Zeist is where the company’s headquarters may be found.
9. Delta Lloyd Bank
In terms of total assets acquired, Delta Lloyd Bank NV is the ninth-largest bank in the Netherlands.
This bank had a total asset acquisition value of €5,343.31 million as of the end of the year, which represented a 0.23% share of the total consolidated asset value. This financial institution had a negative net income of €814,000.00 in 2017.
This financial institution is an expert in home loans, savings accounts, and investment opportunities. Amsterdam is the location of the company’s headquarters.
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Biggest Banks in the Netherlands – (Best Dutch Banks)
10. KAS Bank N.V
KAS Bank N.V. ranks tenth among all banks operating in the Netherlands in terms of the overall assets it has amassed. This bank has accumulated a total of 4398.68 million euros worth of assets as of the end of the year.
As a direct result of this, it has a share of 0.19% of the total assets held by the combined company. In the same year, this financial institution had a net income of 14.85 million Euros.
This bank focuses on providing services for wholesale investors in the securities market. Amsterdam is the location of the company’s headquarters.
List of Top 10 Biggest Banks in the Netherlands
- ING Bank NV
- Coöperatieve Rabobank U.A.
- ABN AMRO Bank N.V.
- De Volksbank N.V.
- NIBC Bank N.V.
- Achmea Bank N.V.
- Van Lanschot Kempen NV (F. van Lanschot Bankiers NV)
- Tridos Bank N.V.
- Delta Lloyd Bank N.V.
- KAS Bank N.V.
Conclusion
We are hoping that you found this overview of the top 10 banks in the Netherlands to be helpful and informative.
We spoke about the organization of the banks in the Netherlands as well as their current financial situations. Let us know what you think via the comments section below.
