荷兰银行行业市场前景及投资研究报告-培训课件外文版2024.5

INDUSTRIES

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MARKETSBankingindustryintheNetherlandsCHAPTER

01OverviewLeadingbanksintheNetherlandsin2022,bytotalassets(inbillioneuros)BiggestbanksintheNetherlands2022,bytotalassetsTotalassetsinbillioneuros01002003004005006007008009001,0001,100INGGroupRabobank967.82628.51ABNAmro379.58BNGBank112.04DeVolksbank73.323Description:INGGroupwasthelargestDutchbankin2022,followedbyRabobankandABNAmro.ThetotalassetsofINGreachedabove967billioneurosthatyear,whichwashigherthanthepreviousyearsastheirtotalassetsgrewcontinuouslysince2015.RabobankandABNAMRO,theothertwomembersofthetraditional"bigthree"inthecountry,followedwithassetsworthofaround628.5and379.6billioneuros,respectively.ReadmoreNote(s):Europe,Netherlands;2022Source(s):Varioussources(INGGroup,Rabobank,ABNAMRO,BNGBank,DeVolksbank)LargestbanksintheNetherlandsasofJanuary2023,bynumberofbankbranchesBiggestbanksoftheNetherlands2023,basedonnumberofbranchesNumberofbranches200050100150250300350400450RegioBankSNSBankRabobank4152031264Description:AsofJanuary2023,RegioBankhadthehighestnumberofofficesintheNetherlands,withapproximately415branchesinthecountry.SNSBankandRabobankfollowed,with203and126branches,respectively.Overall,thetotalnumberofbankofficesintheNetherlandsdecreasedsteadilysince2007.ReadmoreNote(s):Netherlands;January2023Source(s):LocatusBrandvalueofthebanksING,Rabobank,andABNAMROfromtheNetherlandsfrom2015to2023(inmillionU.S.dollars)BrandvalueofthethreeleadingbanksintheNetherlands2015-2023INGRabobankABNAMRO12,00010,0008,0006,0004,0002,000020152016*2017201820192020202120222023*5Description:In2023,twobanksfromtheNetherlandsmadeitintoatop100ofmostvaluablebankingbrandsintheworld.Thatyear,thebrandvalueofINGwasestimatedatapproximately9.7billionU.S.dollars,andthebrandvalueofRabobankat6.17billionU.S.dollars.INGsawanincreaseinitsbrandvalueforthefirsttimesince2019,whileRabobanksawanotabledrop.ThesetwoDutchbankswerealsotheleadingbanksofthecountry,basedontheirtotalassets.

ReadmoreNote(s):Netherlands;2015to2023Source(s):BrandFinanceTotalassetsofthebankingindustryintheNetherlandsfrom4thquarter2014to4thquarter2022(inbillioneuros)TotalassetsofbankingindustryintheNetherlands2014-2023,byquarter3,0002,9002,8002,7002,6002,5002,4006Description:TheDutchbankingsectorexperiencednotablefluctuationsinitstotalassetsbetween2014and2023,markedbyanoverallupwardtrajectoryspecificallyduringtheperiodbetween2021and2023.Inthefirstquarterof2023,totalassetsexceeded2.77trillioneuros,slightlysurpassingthepreviousquarter'sfigure.Inrecentyears,therehasbeenaconsistentuptickinassetvalues,showingeconomicexpansionandareboundfromtheadverseeffectsoftheCOVID-19pandemic.

ReadmoreNote(s):Netherlands;Q42014toQ12023Source(s):ECBTotalnumberofpart-timeandfull-timejobsinfinancialinstitutionsintheNetherlandsfrom2010to2022(in1,000s)Part-timeandfull-timejobsinfinancialinstitutionsintheNetherlands2010-2022Full-timejobsPart-timejobs14012010080424142393735322626273029286090888685408078767675737069692002010201120122013201420152016201720182019202020212022*7Description:ThenumberofjobsintheDutchbankingsectordecreasedduringtheperiodfrom2010to2022,despitetheupwardtrendinrecentyears.Therewereapproximately78,000full-timejobsintheDutchbankingsectorin2022,whichwasmorethaninthepreviousyear."Banking"inthisstatisticstandsforfinancialinstitutions,exceptinsuranceandpensionfunding.Thisincludedeconomiccategorieslikemonetaryintermediations(suchascentralbanksorsavingsbanks),financialholdings,[...]ReadmoreNote(s):Netherlands;2010to2022Source(s):CentraalBureauvoordeStatistiekCHAPTER

02BankingsystemefficiencyandstabilityNetoperatingincomeofthebankingindustryintheNetherlandsfrom2014to2022(inbillioneuros)OperatingincomeofthebankingindustryinNetherlands2014-2022605049.4347.246.6745.6945.7445.344.8443.942.674030201002014201520162017201820192020202120229Description:Between2014and2022,thenetoperatingincomeoftheDutchbankingindustrydisplayedarelativelyconsistentupwardgrowth,reaching49.44billioneurosbytheendof2022.Thiswasthesecondconsecutiveyearofagrowingnetincome,followinganotabledropin2020duetotheCOVID-19pandemic.Theconsistentgrowthindicatesthesector'sresilienceandadaptabilityinthefaceofeconomicfluctuationsandregulatorychanges.ReadmoreNote(s):Netherlands;2014to2023Source(s):ECBNetinterestincomeofthebankingindustryintheNetherlandsfrom2014to2022(inbillioneuros)NetinterestincomeofthebankingindustryintheNetherlands2014-20224033.68353025201510533.2933.4433.2832.2632.4331.7431.8931.16020142015201620172018201920202021202210Description:Between2014and2019,thenetinterestincomeofthebankingindustryintheNetherlandsgenerallyincreased,peakingat33.68billioneurosin2019.Thisperiodofgrowthwasfollowedbyaperiodofslightdeclineuntil2021.In2022,thenetinterestincomeofthebankingindustryincreasedagain,amountingto33.28billioneuros,justbelowthepeakreportedin2019.ReadmoreNote(s):Netherlands;2014to2022Source(s):ECBCost-to-incomeratioofthebankingindustryintheNetherlandsfrom4thquarter2014to1stquarter2023Cost-to-incomeratioofthebankingindustryintheNetherlands2014-2023,byquarter70%65%60%55%50%45%11Description:Thecost-to-incomeratioofthebankingindustryintheNetherlandsfluctuatedsignificantlybetween2014andthefirstquarterof2023,withanoveralldownwardtrendinrecentyears.Theratiowasthehighestinthefirstquarterof2016,at66.7percent.Anotherpeaktookplaceinthefirstquarterof2020,duetotheeconomiccontractionscasuedbytheCOVID-19pandemic.Cost-to-incomeratiostabilizedinthefollowingyears.Inthefirstquarterof2023,theratiostoodat49.27percent.

ReadmoreNote(s):Netherlands;Q42014toQ12023Source(s):ECBCommonEquityTier1(CET1)ratioofthebankingindustryintheNetherlandsfrom4thquarter2014to1stquarter2023CET1ratioofbankingindustryintheNetherlands2014-2023,byquarter18.5%18.0%17.5%17.0%16.5%16.0%15.5%15.0%14.5%14.0%13.5%12Description:TheCommonequitytier1(CET1)ratioofthebankingindustryintheNetherlandsshowedanincreasingtrendbetween2014andthefirstquarterof2023.Startingat14.38percentinthefourthquarterof2014,itexperiencedfluctuationsbutsteadilyincreased,reaching16.65percentinthefirstquarterof2023.TheCET1ratiosawanotabledropinthesecondquarterof2020,possiblyduetoeconomicuncertainties,butsubsequentlyrecovered.

ReadmoreNote(s):Netherlands;Q42014toQ12023Source(s):ECBValueofCommonEquityTier1(CET1)capitalofthebankingindustryintheNetherlandsfrom4thquarter2014to1stquarter2023(inbillioneuros)ValueofCET1capitalofbankingindustryintheNetherlands2014-2023,byquarter14514013513012512011511010513Description:Thecommonequitytier1(CET1)capitalofthebankingindustryintheNetherlandsdemonstratedanincreasingtrendovertheperiodfrom2014tothefirstquarterof2023.Startingat109.4billioneurosinthefourthquarterof2014,itgrewsteadily,reaching140.1billioneurosinthefirstquarterof2023.Thisupwardtrendindicatestheindustry'seffortstostrengthenitsfinancialpositionandcomplywithregulatoryrequirements.ReadmoreNote(s):Netherlands;Q42014toQ12023Source(s):ECBCommonEquityTier1(CET1)ratioofthelargestbanksintheNetherlandsfrom1sthalfof2015to2ndhalfof2022CET1ratiooflargestbanksintheNetherlands2015-2022ABNAMROBNGBankdeVolksbankINGBankRabobank40%35%30%25%20%15%10%H12015

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H2202214Description:ThesolvencyofthefivelargestbanksintheNetherlandswasmuchhigherthanwasrequiredbyEuropeanlaw,despitesomelargedifferencesbetweenthem.Nevertheless,inthesecondhalfof2022,onlyRabobankreportedahigherCET1ratiothaninthefirsthalfoftheyear.CET1ratioshowshowmuchcorecapitalthebankhasversusitsoutstandingrisks.Simplyput,itdisplayshowmuchcapitalabankhasinreserveintheeventtheirinvestmentsgobad.Theratioisinanimportant[...]

ReadmoreNote(s):Netherlands;H12015toH22022Source(s):DNBReturnonequity(ROE)ofthebankingindustryintheNetherlandsfrom4thquarter2014to1stquarter2023ROEofthebankingindustryintheNetherlands2014-2023,byquarter10.0%8.75%9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0%0.0%8.28%8.14%7.65%6.52%7.68%7.28%6.18%7.19%7.04%6.7%6.63%6.68%5.8%4.81%4.71%4.35%4.14%3.83%3.67%3.61%3.3%3.06%2.18%2.72%2.15%2.18%1.87%1.84%1.79%1.69%1.33%0.71%0.34%15Description:Thereturnonequity(ROE)ofthebankingindustryintheNetherlandsshowedafluctuatingpatternbetween2014and2023.Inthefirstquarterof2016,itstoodatamodest1.87percent,graduallyincreasingoversubsequentquarters.Itreachedapeakof8.75percentinthefourthquarterof2017,thenfluctuatedinthesixtoeightpercentagerangeuntilfourthquarterof2021.Inthefirstquarterof2022,ROEdroppedto1.34percent,indicatingabriefdecline.However,inthefourthquarter[...]

ReadmoreNote(s):Netherlands;Q42014toQ12023Source(s):ECBCHAPTER

03RetailbankingTotalvalueofhouseholdsavingsintheNetherlandsfromJanuary2007toJuly2023,bytypeofdeposit(inbillioneuros)TotalvalueofhouseholdsavingsintheNetherlands2007-2023,bytypeofdepositFixed-termdepositsDepositsredeemableatnotice50045040035030025020015010050017Description:HouseholdsavingsdepositsintheNetherlandsincreasedsteadilyfromJanuary2007toJuly2023.Mostofthosesavingswerelocatedindepositsredeemableatnotice,whichhadanoutstandingvalueofnearly380billioneuros,whilefixed-termdepositswerevaluedat68billioneuros.ReadmoreNote(s):Netherlands;January2007toJuly2023Source(s):DNBInterestratesonsavingsaccountsfromdifferentbanksandfinancialserviceprovidersintheNetherlandsasofSeptember2023SavingsinterestratesintheNetherlands2023,bybankInterestrate0.0%RenaultBank(viaRaisin)NordaxBank(viaRaisin)Bigbank0.5%1.0%1.5%2.0%2.5%3.0%2.78%2.71%2.7%InBank(viaRaisin)2.68%Klarna(viaRaisin)2.57%2.5%LloydsBankYapiKredi2.33%Anadolubank-AlfaSlimmerSparenAnadolubank-AlfaRenteDirectSpaarrekeningAnadolubank-AlfaSpaarrekeningDHBBank-S@veOnlineRekeningOpenbank2.1%2.05%2.05%2.05%2%1.87%LeasePlanBank18Description:AsofJuly2023,severalfinancialserviceprovidersintheNetherlandshadaninterestrateontheirsavingsaccountsthatwasovertwopercent.RabobankandABNAMRO,whichwereamongthelargestbanksintheNetherlandstermsofassets,offeredinterestratesof1.25andonepercent,respectively.Generallyspeaking,thisrankingindicatedthatlargerbanksandfinancialserviceprovidersofferedlowerratesthanmorespecificbanksorparticularonlinebrokers.

ReadmoreNote(s):Netherlands;September18,2023Source(s):VarioussourcesLeadingmortgageprovidersintheNetherlandsin2ndquarter2023,bymarketshareLeadingmortgageprovidersintheNetherlands2023,bymarketshare60%51.6%50%45.1%40%30%20%10%0%20.5%13.8%8.8%5.4%Banks(all)Top3banks(ABNAMRO,Rabobank,ING)Regiepartij*InsurersForeignprovidersOtherproviders19Description:BanksaccountedforthelargestshareofmortgagelendingintheNetherlandsinthesecondquarterof2023.ThetopthreebanksintheNetherlandsalonewereresponsibleforover45percentofmortgagelendinginthatperiod.ꢀInrecentyears,thehousingmarkethascontinuedtoriseintheNetherlandsduetotheassetpurchaseprogramme(APP)oftheEuropeanCentralBankandthe,consequently,lowmortgagerates.Thiscanbeseeninthe,ꢀthenumberofregisteredtransactions,which[...]

ReadmoreNote(s):Netherlands;Q22023;*So-called"regiepartijen"arefundsthatoriginatemortgageloansonbehalfofinstitutionalinvestors.NoEnglishwordexistsforthisterm.ReadmoreSource(s):IG&HConsulting&InterimAverageinterestratefornewmortgagesintheNetherlandsfrom2003toSeptember2023,bymortgagetermHistoricalmortgageratesintheNetherlands2003-2023,bymortgageterm>1yearand<=5year>5yearand<=10year>10yearFloatingand<=1yearTotal6.0%5.5%5.0%4.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%20Description:MortgageratesintheNetherlandsincreasedsharplyin2022,afterdeclininggraduallybetween2008and2021.InDecember,theaverageinterestratefornewmortgageloansstoodat1.65percentandbySeptember2023,ithadrisento4.05percent-anincreaseof2.4percentagepoints.The10-yearinterestratewasthelowest,at3.31percent,thefloatingandlessthanoneyearinterestrateamountedto4.85percent.

ReadmoreNote(s):Netherlands;2003toAugust2023;asofDecemberofeachyearSource(s):DNBNumberofPOStransactionspercardwithcardsissuedbyresidentPSPsinBelgium,LuxembourgandtheNetherlands(Benelux)from2010to2020NumberofPOStransactionspercardintheBeneluxregion2010-2020BelgiumLuxembourgNetherlands14012010080124.3124.7119.6111.411299.692.989.483.280.176.3173.772.3660.255.46054.252.4150.5949.849.844.438.619.44030.3825.0421.621.521.421.52119.519.919.72002010201120122013201420152016201720182019202021Description:Therewereapproximately112POStransactionspercardintheNetherlandsin2020,comparedto39inBelgiumand19inLuxembourg.ThenumberofPOStransactionspercarddecreasedmarkedlyforallcountriesin2020,comparedtothepreviousyear.ReadmoreNote(s):Belgium,Luxembourg,Netherlands;2010to2020;Thefigureshavebeentakenfromseveralpublications;ThenumbersusedconcernbothcardsissuedbyresidentPSPsaswellasPOStransactionsatterminalsprovidedbyresidentPSPs.Source(s):ECBTotalregisteredNearFieldCommunication(NFC)paymentsintheNetherlandsfrom3rdquarter2014to4thquarter2021(in1,000s)QuarterlynumberofcontactlesspaymentsintheNetherlands2014-20211,200,0001,000,000800,000600,000400,000200,0000Q3

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Q420142014201520152015201520162016201620162017201720172017201820182018201820192019201920192020202020202020202120212021202122Description:Inthefourthquarterof2021,approximately1.07billionNFCpaymentsweremadeintheNetherlandsusingeitherdebitcardsormobilephones.NFCpaymentswereintroducedintheNetherlandsin2014andmainlyinvolvescontactlesspaymentsmadeatpointsofsales,witheitheradebitcardoramobilephoneorpaymentsviaQRcodes.ThesemethodsaresupportedanddevelopedbyDutchbanks,suchasINGandRabobank,withlargerFintech-servicessuchasAndroidPay,ApplePay[...]

ReadmoreNote(s):Netherlands;Q32014toQ42021Source(s):DNBCHAPTER

04CorporatebankingTotalvalueoflendingtosmallandmedium-sizedenterprises(SMEs)frombanksintheNetherlandsfrom1stquarter2015to2ndquarter2023(inmillioneuros)ValueofloansforSMEsfrombanksfromtheNetherlands2015-2023140,000135,000130,000125,000120,000115,00024Description:Thetotalvalueofloanstosmallandmedium-sizedenterprises(SMEs)frombanksintheNetherlandsdecreasedoverallbetweenthefirstquarterof2015andthesecondquarterof2023.Inthesecondquarterof2023,thetotalvalueoflendingfrommajorbankstoSMEsintheNetherlandswasapproximately118.6billioneuros,slightlylowerthaninthepreviousquarter.ReadmoreNote(s):Netherlands;Q12015toQ22023Source(s):DNBTotalvalueoflendingover1millioneurosfromDutchbankstosmallandmedium-sizedenterprises(SMEs)intheNetherlandsfrom1stquarter2015to2ndquarter2023(inmillioneuros)Valueloansover1millioneurosfrombankstoSMEinNetherlands2015-202390,00088,00086,00084,00082,00080,00078,00025Description:ThetotalvalueoflendingoveronemillioneurosfromDutchbankstosmallandmedium-sizedenterprises(SMEs)intheNetherlandsfluctuatedbutdecreasedoverallbetween2015andthesecondquarterof2023.Inthesecondquarterof2023,thetotalvalueoflendingoveronemillioneurosfrommajorbankstoSMEsintheNetherlandswasapproximately85.4billioneuros,slightlylowerthaninthepreviousquarter.ReadmoreNote(s):Netherlands;Q12015toQ22023Source(s):DNBLeadingbanksforlargecorporationsintheNetherlandsin2023,bymarketpenetrationrateMarketpenetrationofbanksforDutchlargecorporations202390%78%80%70%60%50%40%30%20%10%0%70%65%INGBankRabobankABNAMRO26Description:Asof2023,INGBankhadthehighestmarketpenetrationrateintheDutchcorporatebankingmarket.Rabobankfollowed,withapenetrationrateof70percent,accordingtotop-tierlargecorporationsexecutivesintheNetherlandsasof2023.

ReadmoreNote(s):Netherlands;September2022toJanuary2023;104respondents;18yearsandolder;CFOs,financedirectorsandtreasurersoftop-tiercompanies.Source(s):GreenwichAssociatesCHAPTER

05InvestmentbankingLeadingfinancialadvisorsonthemergersandacquisitions(M&A)marketintheNetherlandsin1stquarter2022,bydealcountFinancialadvisorsrankedbyM&AdealcountintheNetherlands2022M&Adealvolume0246810121416MarktlinkFusies&OvernamesRabobank1511Crossminds9EY7BDO6Deloitte555OaklinsNetherlandsIRISCorporateFinanceRothschild&CoABNAMRO4428Description:Inthefirstquarterof2022,Marktlinkwastheleadingfinancialadvisorsonthemergersandacquisitions(M&A)marketintheNetherlands.Duringthefirstthreemonthsof2022,Marktlinkadvisedatotalof15M&AdealsintheNetherlands.Rabobankfollowed,with11deals.ReadmoreNote(s):Netherlands;Q12022Source(s):MenA.nlLeadingfinancialadvisorsforthemergersandacquisitions(M&A)intheNetherlandsin1stquarter2022,bydealvalue(inmillioneuros)FinancialadvisorsrankedbyM&AdealvalueintheNetherlands2022M&Adealvalueinmillioneuros01,0002,0003,0004,0005,0006,0007,0008,000J.P.MorganCreditSuisseAXECO7,254.27,0006,560Rothschild&Co.Rabobank5,1003,045GoldmanSachsRBCCapitalMarketsING1,560600600Nomura500408ABNAMRO29Description:Inthefirstquarterof2022,J.P.Morganwastheleadingfinancialadvisorformergersandacquisitions(M&A)intheNetherlands.Duringthefirstthreemonthsof2022,J.P.MorganadvisedM&Adealsworthroughly7.25billioneuros.CreditSuissefollowed,withadealvalueofsevenbillioneuros.ReadmoreNote(s):Netherlands;Q12022Source(s):MenA.nlTotalnumberofhouseholdsintheNetherlandswhoinvestonaprivatebasisfrom1997to2022(inmillions)NumberofprivateinvestorsintheNetherlands1997-20222.51.962.01.51.00.50.01.91.911.81.751.71.71.51.51.51.41.41.41.41.41.41.41.41.31.31.21.21.11.11.11997

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202230Description:ThenumberofDutchhouseholdsparticipatinginprivateinvestmentsincreasedsteadilybetween2015and2021,whenitpeakedat1.96million.Thefollowingyearsawaslightdecreaseasthetotalnumberofhouseholdsparticipatinginprivateinvestmentsnowrestsat1.91million.ReadmoreNote(s):Netherlands;1997to2022;37,033respondents;households;follow-upwith2,176householdswhoactivelyinvestand819householdsplanningtostartinvestingwithinsixmonthsSource(s):KantarTNSTotalassetsundermanagement(AUM)ofprivatebankVanLanschotKempenfrom2013to2022(inbillioneuros)VanLanschotKempentotalAUM2013-202214012010080115.5107.89987.76967604020054.650.344.143.2201320142015201620172018201920202021202231Description:Theassetsundermanagement(AUM)oftheprivatebankVanLanschotKempenfellin2018butincreasedagainthefollowingyears.VanLanschotKempenisaprivatebankfromtheNetherlandsandoneofthecountry'soldestfinancialinstitutions.ItisalsothecompanybehindEvivanLanschot,anonlinebrokerwhereconsumerscanstartinvestingwithlowamountsofmoney(around100eurospermonth).Attheendof2022,totalassetsundermanagementofVanLanschotKempen,which[...]

ReadmoreNote(s):Worldwide,Netherlands;2013to2022Source(s):VanLanschotKempenCHAPTER

06DigitalbankingPenetrationrateofonlinebankingintheNetherlandsfrom2013to2028PenetrationrateofonlinebankingintheNetherlands2013-202810093.4893.8894.2592.5993.0592.1190.6390.7690.7288.9188.9489.41908070605040302010084.5384.6983.4382.01201320142015201620172018201920202021202220232024202520262027202833Description:TheonlinebankingpenetrationrateintheNetherlandswasforecasttocontinuouslyincreasebetween2024and2028byintotal2.1percentagepoints.Afterthesixthconsecutiveincreasingyear,theonlinebankingpenetrationisestimatedtoreach94.25percentandthereforeanewpeakin2028.ReadmoreNote(s):Netherlands;2013to2028;allvalues