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NewB assures that its future will not be but written

NewB assures that its future will not be but written

The cooperative financial institution had not met the 40 million euros demanded by the BNB on September thirtieth. “However, no, it’s not but a query of failure. Every part is performed now, ”assures its president.


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Journalist within the Economic system division

Studying time: 3 minutes

NOTOn, NewB will not be but prepared to speak about failure, nor to think about the lack of its banking license. The younger cooperative financial institution needed to discover 40 million euros by September 30. A request from the Nationwide Financial institution of Belgium (BNB), its supervisor, for the small construction to fulfill the solvency guidelines imposed on the sector for the subsequent 4 years (and not need to enchantment on this method, for the sake of stability, to exterior capital for a number of years). As we wrote final Friday, on the day of the deadline, his fundraising was nonetheless not full.


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