Belgium - U.S. Banks and Local Correspondent BanksBelgium - U-S Banks
Citibank has 208 branches in Belgium. The following banks have correspondent U.S. banking arrangements:
BNP Paribas Fortis Bank
Website: https://www.bnpparibasfortis.be/portal/start.asp
Fortis is an international financial services provider active in the fields of insurance, banking and investment, and ranks as one of the World’s largest financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position and offers a broad range of financial services to individuals, companies and the public sector.
The bank has offices in New York, Stanford, Dallas, and Boston.
As the deterioration in credit market conditions impacted the solvency of Fortis, the governments of Belgium, Luxembourg and the Netherlands invested EUR 11.2 billion in the group in September 2008. Later, the French bank BNP Paribas announced the acquisition of Fortis, which would make it the largest holder of retail deposit in the 15-member euro area. This acquisition was negotiated with the Belgian authorities in order to prevent the bank from collapsing and triggering a breakdown in the financial system. Since May 12, 2009, Fortis bank has been controlled by BNP Paribas.
KBC
Website: https://www.kbc.be/retail/en.html?zone=topnav
KBC focuses on five key areas: retail and private bank insurance, corporate services, asset management, market activities, and Central Europe. The KBC Group also has a key position in Central Europe, its second home market. In Brussels, Flanders and the German-speaking area, the bank is active under the name KBC; in Wallonia it uses the name of its subsidiary, CBC.
The KBC Group also has branches in New York, Atlanta and Los Angeles.
ING
Website: http://www.ing.com
ING is the number one financial services company in the Benelux home market. It offers its clients in these markets a wide range of retail-banking, insurance and asset management services. In wholesale banking activities, ING operates worldwide, but maintains a primary focus on the Benelux countries. In the United States, ING is a top-five provider of retirement services and life insurance.
ING's operations in the U.S. are based in Atlanta, but the bank has a network of approximately 10,000 associates in cities around the country such as Hartford, Minneapolis, Denver, Des Moines and Phoenix.
Belfius Bank and Insurance
Website: http://www.belfius.com
Belfius Bank and Insurance, known as Dexia Bank Belgium up until March 1, 2012, is a for-profit PLC originally founded to meet local authority needs. Belfius emerged from the dismantling of the Dexia group, of which it was part until October 10, 2011, when it was purchased by the Belgian State for four billion euros. The company's headquarters are in Brussels.
By European standards, Belgium has a highly consolidated domestic banking sector. State-owned Belfius and mutual savings bank Argenta are the main domestic lenders alongside KBC. The Belgian banks’ fortunes are rising with the country’s gradual recovery. Already on 1.8 times tangible book value for a return on equity of 17%, KBC for instance is quickly gaining the highly rated attributes of Scandinavia’s banks. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
BNP Paribas Fortis Bank
Website: https://www.bnpparibasfortis.be/portal/start.asp
Fortis is an international financial services provider active in the fields of insurance, banking and investment, and ranks as one of the World’s largest financial institutions. In its home market, the Benelux countries, Fortis occupies a leading position and offers a broad range of financial services to individuals, companies and the public sector.
The bank has offices in New York, Stanford, Dallas, and Boston.
As the deterioration in credit market conditions impacted the solvency of Fortis, the governments of Belgium, Luxembourg and the Netherlands invested EUR 11.2 billion in the group in September 2008. Later, the French bank BNP Paribas announced the acquisition of Fortis, which would make it the largest holder of retail deposit in the 15-member euro area. This acquisition was negotiated with the Belgian authorities in order to prevent the bank from collapsing and triggering a breakdown in the financial system. Since May 12, 2009, Fortis bank has been controlled by BNP Paribas.
KBC
Website: https://www.kbc.be/retail/en.html?zone=topnav
KBC focuses on five key areas: retail and private bank insurance, corporate services, asset management, market activities, and Central Europe. The KBC Group also has a key position in Central Europe, its second home market. In Brussels, Flanders and the German-speaking area, the bank is active under the name KBC; in Wallonia it uses the name of its subsidiary, CBC.
The KBC Group also has branches in New York, Atlanta and Los Angeles.
ING
Website: http://www.ing.com
ING is the number one financial services company in the Benelux home market. It offers its clients in these markets a wide range of retail-banking, insurance and asset management services. In wholesale banking activities, ING operates worldwide, but maintains a primary focus on the Benelux countries. In the United States, ING is a top-five provider of retirement services and life insurance.
ING's operations in the U.S. are based in Atlanta, but the bank has a network of approximately 10,000 associates in cities around the country such as Hartford, Minneapolis, Denver, Des Moines and Phoenix.
Belfius Bank and Insurance
Website: http://www.belfius.com
Belfius Bank and Insurance, known as Dexia Bank Belgium up until March 1, 2012, is a for-profit PLC originally founded to meet local authority needs. Belfius emerged from the dismantling of the Dexia group, of which it was part until October 10, 2011, when it was purchased by the Belgian State for four billion euros. The company's headquarters are in Brussels.
By European standards, Belgium has a highly consolidated domestic banking sector. State-owned Belfius and mutual savings bank Argenta are the main domestic lenders alongside KBC. The Belgian banks’ fortunes are rising with the country’s gradual recovery. Already on 1.8 times tangible book value for a return on equity of 17%, KBC for instance is quickly gaining the highly rated attributes of Scandinavia’s banks. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.