The total amount in regulated Belgian savings accounts has fallen by almost €18 billion, according to data from the National Bank of Belgium.
The main reason for this was the immense popularity of the State bond, which enabled the authorities to raise €21.9 billion.
From the end of July to the end of August, €17.94 billion left regulated savings accounts, which dropped in value to €279.44 billion.
At the same time, current accounts fell below the €300 billion mark for the first time in a long time. In one month, they dropped by €6.47 billion to €297.99 billion.
In total, banks lost €13.3 billion in August, all types of accounts combined. For example, a further €8.82 billion was added to term accounts with maturities of up to one year (€87.55 billion). At the time of the government bond issue, several banks offered term deposits with a similar return, although these formulas are becoming increasingly popular due to the rise in interest rates.
In August, €14.08 billion was deposited in term accounts with a maturity of more than one year – €1.7 billion more than in July.
