Share article:
Share article:

Peak of business loans in 2016

© Belga
© Belga

Business credit reached a peak of 140 billion euros at the end of 2016, according to figures from the Belgian Federation of the Financial Sector (Febelfin), says L’Echo in its Thursday edition. Outstanding loans to businesses reached 140.4 billion euros at the end of 2016, according to Febelfin figures. This is a record level of 5.5% over a period of one year. The persistence of low rates pushes companies to invest and to favour long-term borrowing, estimates L’Echo.

Several factors explain this favorable development, according to the federation, which refers in particular to the renewed optimism of entrepreneurs, who are preparing their credit files more correctly, and the restriction of the obstacles to credit granted by banks.


The Brussels Times

Latest news

Brussels metro: strikes continue to cause delays
Strike action by metro staff continues to cause delays on Brussels metro lines M1, M2, M5, and M6. This follows from Wednesday's strikes, organised ...
New police team will investigate mobile phones of trafficking victims
From now on, a new police team will systematically examine the mobile phones of victims of human smugglers in an effort to track down the criminals ...
Thousands of travellers could face delays at Brussels Airport due to action
The around 50,000 travellers expected by Brussels Airport in Zaventem on Friday could face delays as the police at the border controls are planning a ...
Face masks re-introduced in certain grades of Flemish primary schools
The wearing of face masks will once again be mandatory for pupils in the fifth and sixth years of Dutch-speaking primary schools, starting from ...
Push backs of irregular migrants: Is the Commission turning a blind eye?
The situation at EU’s external borders with Belarus continues to raise concerns about  human rights and humanitarian aid but it is difficult for ...
Covid-19 infections, deaths and hospitalisations continue to rise
The number of coronavirus infections, as well as the number of deaths and hospitalisations as a result of it, is continuing to increase in Belgium. ...
Non-urgent care once again postponed in some hospitals
As the worsening coronavirus situation in Belgium is starting to take its toll on hospitals, it has been confirmed non-urgent care will once again be ...
Use of CST in gyms will see Basic-Fit’s 24/7 centres close at night
Belgium's Consultative Committee announced on Tuesday that it would be standardising the use of the Covid Safe Ticket (CST) meaning it will be needed ...
Brussels Airport warns autumn holidaymakers to arrive early
Passengers leaving from Brussels Airport this autumn have been advised to factor in extra time to account for longer than normal check-in times and ...
27,000 Belgian taxpayers to pay more after incorrect tax break
About 27,000 taxpayers who wrongly received a tax reduction in the last three years due to an error by the tax administration will have to pay what ...
Wallonia launches first major survey for cyclist satisfaction
Following in the footsteps of France and Flanders, the Wallonia Region of Belgium is launching its first major satisfaction survey on municipal ...
After 5 rescues in 2 days, hundreds of migrants take shelter in Italy
After five rescues in less than two days, almost 400 migrants aboard the Geo Barents search and rescue ship in the Central Mediterranean, operated by ...