“Banking in Belgium: Insights on Consumer Behavior and Savings Trends in 2022”

2023-05-23 04:11:42

Thus, in 2022, 93,167 consumers changed banks, compared to 107,000 in 2021 according to figures from the banking federation Febelfin, quoted by L’Écho. A very small number compared to the 17 million current accounts and as many regulated savings accounts existing in Belgium.

According to the newspaper Le Soir, of the 93,000 change requests made last year, 22,000 concerned a savings account.

Regulated passbooks show around 300 billion euros in total outstandings, two-thirds of which are housed with the country’s four major banks: BNP Paribas Fortis, KBC, ING Belgium and Belfius, leaving the balance of the savings volume to small players. of the market.

Since 2009 – just following the financial crisis – savings deposits with the four big banks have more than doubled (+114%), while the increase has been limited to 61% for small establishments, according to L’ Echo.

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#Belgians #change #banks #deprive #rates #Economy

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