Belgian banks are not yet facing a deterioration in the credit market. Their supervisor believes that the large institutions are better equipped than the smallest to manage this likely consequence of the current crisis.
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IIt’s still a little early ”. For the National Bank of Belgium, the Belgian financial sector has the right weapons to demonstrate resilience in the face of the economic consequences of the Covid-19 crisis. In particular because its liquidity and solvency positions have been largely strengthened since the 2008 crisis. Catalyst of the financial crisis at the time, banks would play today “a key role in absorbing the impact of the shock and in support of the real economy ”. But to measure the real effect of the events of recent months, it will still be necessary “to wait for the third quarter of the current year”. We think of defaults on both professional and personal loans that are not yet shown in the figures collected. Logic: the exceptional measures taken by the authorities and / or the sector are still in progress (moratorium, public guarantee, temporary unemployment, etc.).
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