The net financial wealth of individuals continued to rise in Belgium in the second quarter of 2023, according to data published on Thursday by the National Bank of Belgium (NBB).
Financial assets rose by €10.8 billion, mainly thanks to investments in term accounts (€+7.1 billion). According to the NBB, this was due to the high yield on these accounts.
On 30 June, it stood at €1,174.7 billion, up €8.6 billion compared to the previous quarter.
Debt securities were also very successful in the second quarter, with net purchases up by €2.2 billion. Households were less attracted to listed equities and investment funds, with increases of €0.7 billion and €0.8 billion respectively. Demand deposits were less popular, losing €0.8 billion, as were regulated savings deposits, which fell by €0.5 billion.
Outstanding financial liabilities of individuals reached €47.5 billion on 30 June 2023, an increase of €2.2 billion. This effect is mainly due to the increase in mortgage loans (€+1.3 billion).
