Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Belgium: A concentrated and mature retail & <strong>com</strong>mercial<br />
banking market<br />
High degree of<br />
population and<br />
banking<br />
concentration<br />
#1 country in Europe in terms of share of urban population (97%)<br />
#2 country in Europe in terms of population density<br />
(341 inhabitants/km²)<br />
High branch concentration, with one branch per 1,280 inhabitants 1<br />
Mature economy with 1.9% real GDP growth expected in 2010<br />
Top 4 banks representing 63% of the market in terms of assets<br />
Competitive<br />
market<br />
Renewed <strong>com</strong>petitive landscape with arrival of BNP Paribas and<br />
increasing share of “Tier 2” challengers<br />
High savings rate, hence high exposure of Belgian banks to savings<br />
account profitability<br />
Increased multi-bancarization of clients<br />
Relatively<br />
lower in<strong>com</strong>e market,<br />
with potential for<br />
upgrade<br />
<br />
<br />
<br />
Partial substitution of current accounts with savings accounts<br />
Relatively lower banking fees and <strong>com</strong>missions<br />
Relatively lower payment transactions tariffs<br />
70<br />
Note: (1) Including independent agent branches<br />
Source: European Central Bank, European Union, National Bank of Belgium, <strong>Dexia</strong> Research; All data in 2009
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