Effect of State Bond on Bank Competition and Borrowing Conditions: Insights from Belfius CEO

2023-09-05 09:21:38

Guest of the Bel RTL morning show this Tuesday morning, Marc Raisière, CEO of Belfius, spoke about the State bond launched by the Minister of Finance, Vincent Van Peteghem.

According to him, “as soon as certain banks, following the State bond operation, see their liquidity decrease, they will be, and this is mechanical, this is not an opinion, less present in the world of credits. So less competition and perhaps less favorable conditions. »

See also State bonds: dear bankers, it’s time to wake up

Comments deemed “unacceptable” by Gilles Vanden Burre, federal deputy and leader of the Ecolo-Groen group. “Threat from the boss of #Belfius to increase borrowing rates because of the success of the State bond, while his bank (almost) does not move its rates on savings accounts. This is unacceptable, especially from a public bank. These declarations will not remain without follow-up”, he declares.

Read also State bond: everything rolls for the public debt, perhaps less for the saver

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