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    Home > Finance > DHB Bank to reduce its presence in Belgium
    Finance

    DHB Bank to reduce its presence in Belgium

    Published by Global Banking & Finance Review®

    Posted on January 27, 2025

    1 min read

    Last updated: January 27, 2026

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    Tags:financial crisiseconomic growthInternational Monetary Fundcorporate strategy

    Quick Summary

    DHB Bank will scale back its Belgian operations due to profitability issues, reflecting broader challenges faced by European banks amidst slow economic growth.

    DHB Bank to Scale Back Operations in Belgium Due to Profitability Issues

    BRUSSELS (Reuters) - DHB Bank will gradually reduce its presence in Belgium after concluding that the Belgian market is not profitable enough, it said on Monday, highlighting the challenges faced by European banks given the region's sluggish economic growth.

    "Following an in-depth review, we have concluded that it is not possible in the long term to build up a substantial and profitable clientele on the Belgian market," said the Dutch-headquartered bank in a statement.

    "This is why we have decided to gradually reduce our activities in Belgium," the Rotterdam-based bank added.

    DHB Bank's decision follows a similar move by Spain's Santander to review its presence in Britain.

    Earlier this month, the International Monetary Fund forecast 2025 economic growth of 1.0% for the euro zone - less than its 2.7% growth forecast for the United States and 4.6% for China.

    (Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)

    Key Takeaways

    • •DHB Bank will reduce its operations in Belgium.
    • •The decision is due to profitability challenges.
    • •European banks face sluggish economic growth.
    • •IMF forecasts low euro zone growth compared to the US and China.
    • •Santander also reviewed its presence in the UK.

    Frequently Asked Questions about DHB Bank to reduce its presence in Belgium

    1Why is DHB Bank reducing its presence in Belgium?

    DHB Bank has concluded that it is not possible to build a substantial and profitable clientele in the Belgian market, leading to the decision to gradually reduce its activities.

    2What did DHB Bank's review reveal about the Belgian market?

    The in-depth review indicated that the Belgian market is not profitable enough for the bank to sustain its operations long-term.

    3How does DHB Bank's decision compare to other banks?

    DHB Bank's decision follows a similar move by Spain's Santander, which is also reviewing its presence in the British market.

    4What is the economic outlook for the euro zone?

    The International Monetary Fund has forecasted a 1.0% economic growth for the euro zone in 2025, which is significantly lower than the growth forecasts for the United States and China.

    5Who reported on DHB Bank's decision?

    The article was reported by Sudip Kar-Gupta, with editing by Louise Heavens.

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