Belgian household financial wealth continued to grow in the second quarter of 2024, increasing by €7.9 billion to reach a total of €1,230.3 billion, the National Bank of Belgium (BNB) reported on Friday.
This growth is mainly due to a €10.2 billion rise in financial assets, driven by increases in current account deposits (€4.2 billion) and savings accounts (€4.8 billion), with a smaller boost from term accounts.
The expiration of one-year government bonds in early September and banks’ competitive offers to attract the released savings likely contributed to these figures, according to the BNB.
Debt securities remained popular, with net purchases amounting to €1.8 billion. Conversely, investments in listed shares and investment funds fell by €1.1 billion and €2.5 billion, respectively.
Investment funds saw a value increase of €3.3 billion, while listed shares experienced a value decrease of €0.6 billion.
Household debts rose by €2.3 billion, reaching a total of €352.9 billion. This increase is primarily due to a rise in mortgage loans, which amounted to €1.8 billion.
