There are more than hundred banks in Belgium, in all the financial sectors. More than 40 foreign banks (Citibank, Deutsche Bank, ING, Axa, ...) make business in the capital of Europe.
Since the euro, Belgium banks tend to disappear, purchased by international groups (Générale de Banque, Crédit Communal, Kredietbank, BBL have been taken over by Fortis Banque, Dexia Banque, KBC, ING), and a pan-European financial sector is taking place bit by bit.
Nearly 75% of the Belgian market is divided into only 4 groups:
- BNP Paribas Fortis [http://www.bnpparibasfortis.be/expatinbelgium], first bank-insurance in Benelux and first capitalization on the Belgian stock exchange. It offers a special package to avoid a lot of problems when you arrive in Belgium
- KBC [http://www.kbc.be], the "Flemish bank", third financial group of the country
- Dexia [http://www.dexia-societedecredit.be], credit branch of the French-Belgian group, specialize in financing public projects.
- ING [http://www.ing.be] is known to be the bank of expatriates in Belgium, with 40% of the market.
You can also consult:
- Citibank [http://www.citibank.be], offers a large range of services through its expatriate banking.
- AXA Banque [http://www.axa.be], insurance and saving
- Deutsche Bank [http://www.deutschebank.be]
- Banque du Brabant/BKCP [http://www.brabant-bank.be]
You will find all the details of the banks in Brussels on the Eurobru.com website.
Update 20/06/2014
Keep more of your money when transferring funds overseas!
If you want to move money abroad, from Belgium or to Belgium for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Why Fexco
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Main characteristics
Fexco will help you to keep your overseas money transfer costs to a minimum.
| Margin | 0.6% |
|---|---|
| Regulator | FCA |
| Fee | £10 < £5K or Free > £5k |
| Mini | £1K |
| Ccy | All (130 currencies, incl ‘exotics’) |
| Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
Get an online quote today
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.