You are currently viewing The Walloon government will not invest in NewB: end clap “very likely” for its banking license

The Walloon government will not invest in NewB: end clap “very likely” for its banking license

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NewB should however remain a bank for a few more weeks. “A loss of license does not happen overnightsays the source. There will be a phasing which will allow customers to recover the amounts on deposit.“The reimbursement will be made with the money that NewB has on its own balance sheet. “180 million, it goes without saying that it will not be reimbursed in one day, notes the source, even if she wants to be reassuring: “in terms of solvency, there will be no problem.

In the coming days, the BNB will summon the leaders of NewB to take stock of the situation. “There remain two main categories of activities that NewB could continue to exercise without a banking license: the sale of insurance products or brokerage activitiesdetails the source. On the other hand, the collection of savings deposits will no longer be possible.“The other, more tragic option: the liquidation of NewB.

All these tracks, under which conditions they can be exploredall this will be discussed with the BNB, we explain at NewB. Once we have a full range of scenarios, they will be submitted to the vote of the collaborators.“Indeed, the latter will meet in a general assembly in December in Brussels, to decide according to the proposals of the National Bank.