Belfius financial institution tightens its situations in Wallonia

Belfius financial institution tightens its situations in Wallonia

By its predecessors Crédit communal and Dexia, Belfius has been the primary financial institution within the Walloon Area for greater than thirty years. However over the last negotiations with Walloon Prime Minister Elio Di Rupo (PS) and Funds Minister Adrien Dolimont (MR), Belfius determined to toughen up the tone and solely plans to increase the subsequent contract for a most of two years, i.e. till the subsequent regional elections in 2024. And that is no coincidence.

“This enables the financial institution to evaluate how the subsequent authorities can remove the rising debt ratio within the area,” mentioned a supply accustomed to the negotiations. “It additionally arms Belfius towards a doable participation of the PTB on this new authorities. »

Wallonia is heading in the direction of a public debt of fifty billion euros by 2030. The state financial institution is at appreciable monetary danger as a result of it has granted many loans to the Walloon Area, says a supply. Invited to react, Belfius mentioned for its half that the situations linked to any extension of the cashier contract have been into account.

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