Belgian assets are not doing badly, if we are to believe the National Bank of Belgium.
The financial assets of Belgians reached a record in the third quarter of 2024, after four quarters of uninterrupted growth, the National Bank of Belgium (BNB) announced on Tuesday.
In the third quarter of 2024, the value of the financial assets of Belgian households exceeded 1.6 trillion euros for the first time, reaching 1.608 billion euros at the end of October. At the same time, the financial commitments (mortgage loans, various loans, etc.) of households also increased, but to a lesser extent, to 355.9 billion euros. This results in net financial assets of 1,252.5 billion euros as of September 30, 2024.
Concretely, according to the National Bank of Belgium, each household has, on average, a net financial asset of around 240,000 euros.
“The maturity of the tax-advantaged government bond reshaped household financial assets in the third quarter of 2024. Total household net investments amounted to 6.6 billion euros“, states the BNB.
Households thus mainly invested in term accounts (+12.8 billion euros) and in investment fund shares (+6.1 billion euros), while they reduced their investments in fixed income securities (-13.2 billion euros). “The amount released at maturity of the State bond amounted to 22 billion euros and investments in debt securities having fallen by only 13.2 billion euros, households therefore reinvested part of the funds released in fixed income securities, such as cash certificates, government bonds and other bonds“, observe-t-on encore.
Belgian financial assets
Belgium
