Belgium

‘Belfius trembling with fear over stress test’

Published on 13 October 2014 at 11:54

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Belfius Bank, formerly known as Dexia Bank prior to its nationalisation by the Belgian state in 2012, probably needs to raise new capital, and “there’s a real chance the bank won’t pass the stress test,” writes De Morgen.
On 26 October, the European Central Bank will publish the results of the test, but “more than one source has confirmed that it can work out badly” for Belfius. If Belfius needs refinancing, it would interfere with the plans of Finance Minister Johan Van Overtveldt, who wants to sell the bank.

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