The Netherlands now ranks seventh worldwide in international banking, up from eighth place in 2007. Each quarter the BIS, the ‘central bank for central banks’, measures international positions of all banks in the 43 largest countries worldwide.

With a total market share of 4%, the Netherlands now ranks higher than Switzerland as an international financial center. According to the BIS report’s latest statistics, the ranking of the Netherlands varies from fourth to tenth place in specific subsectors of international banking, and is particularly strong in corporate bonds, securitization and money markets.

The strong international position of banks in the Netherlands is caused by a variety of factors, including the international orientation of the Dutch economy, the large share in trade flows, and the large number of multinational headquarters. The relatively large scale of the Dutch stock and derivatives exchange and the large size of the Dutch pension, trust and market making industry are also contributing factors.

In addition, several large international banks have enlarged their Dutch operations significantly over the last three years and now employ over 5,000 people in the Netherlands.

For more information, contact Ms Linnie Mackenzie, Area Director or Ms Adeline Tan, Senior Project Manager, Netherlands Foreign Investment Agency at 6739 1135 / 6739 1137, email: mackenzie@nfia-singapore.com or tan@nfia-singapore.com