2023-10-04 16:31:00
The total amount of regulated Belgian savings accounts fell by almost 18 billion euros, according to data from the National Bank of Belgium. The main reason is the immense popularity of the state bond, which allowed the authorities to raise 21.9 billion euros.
From the end of July to the end of August, 17.94 billion euros left regulated savings accounts, reaching 279.44 billion euros.
At the same time, the amount of current accounts fell below 300 billion euros for the first time in a long time: in one month, this represents a decrease from 6.47 billion to 297.99 billion euros.
In total, banks lost “only” 13.3 billion euros in August, all types of deposits combined. For example, an additional €8.82 billion was added to term accounts with a maturity of up to one year (€87.55 billion). When issuing government bonds, several banks offered term deposits offering a similar yield, although these options are becoming increasingly popular due to rising interest rates.
In August, 14.08 billion euros were deposited into term accounts with a maturity of more than one year. This is 1.7 billion euros more than in July.
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