Belgians became richer by 8.6 billion in the second quarter

2023-10-12 10:34:45

The financial assets of Belgian individuals reached 1,174.7 billion euros in the second quarter of 2023.

The net financial wealth of individuals continued to increase in Belgium in the second quarter of 2023, according to data published this Thursday by the National Bank (BNB). As of June 30, this reached 1,174.7 billion euros, i.e. increase of 8.6 billion compared to the previous quarter.

Financial assets increased by 10.8 billion euros, mainly due to investments in term accounts (+7.1 billion euros). This is explained, according to the BNB, by the high yield of these accounts.

Debt securities also enjoyed great success during this second quarter with an increase in net purchases of 2.2 billion euros. On the other hand, listed shares and investment funds were less attractive to households with respective increases of 0.7 and 0.8 billion euros. Demand deposits have been rather neglectedlosing 0.8 billion, like regulated savings deposits which decreased by 0.5 billion euros.

Outstanding financial commitments individuals has reached 47.5 billion euros as of June 30, 2023, an increase of 2.2 billion euros. An effect mainly due to the increase in mortgage loans (+1.3 billion).

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