Banking industry in Belgium - statistics & facts
In 2023, over 60 percent of the banks operating in Belgium were foreign-owned. This unveils a unique characteristic of the banking industry in Belgium: a significant proportion of banks are under foreign ownership. Two of the five largest banks in the country also fall into this category. In 2023, BNP Paribas Fortis, a subsidiary of the French BNP Paribas, ranked first in terms of total assets, and ING Belgium, the subsidiary of the Dutch ING Group, ranked fourth.
