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Mega losses coming to the National Bank

In the worst-case scenario, the National Bank of Belgium is heading towards accumulated losses of €9 billion by 2027. This amount exceeds its financial reserves, which amount to just over €7 billion.

In a statement, the bank says it can bear those losses. A temporary negative capital doesn’t have to be a problem. However, the impact is significant. After all, losses mean that the dividend…

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