In the event of a stoppage, NewB ensures that it will reimburse its customers

  • Post category:Economy News
  • Reading time:4 mins read

To guarantee its continuity, the sustainable bank must complete a fundraising of 40 million euros within 15 days. Its leaders nuance: it is not for all that “on the verge of bankruptcy”.

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Journalist in the Economy department

Reading time: 5 mins

Sremember, it was December 2019. Academics, civil society and a certain public were only talking about this: NewB, a cooperative that dreamed of being a sustainable bank, managed to raise funds from more than 70,000 people within the (short) deadlines. granted by its future supervisor, the National Bank of Belgium (BNB), the 35 million euros which would enable it to collect your deposits.

Three years later, the now bank is back, but without media hype or emulation in the population. This time, it must raise 40 million by the end of September to ensure the sustainability of its activities, a requirement again formulated by the BNB. The stakes are high, since a bank that does not respect its obligations in terms of solvency or risk management can, in the worst scenario, lose its license.

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