The motion of the Nationwide Financial institution suspended on the Brussels Inventory Trade, extraordinarily uncommon

The motion of the Nationwide Financial institution suspended on the Brussels Inventory Trade, extraordinarily uncommon

The motion of the Nationwide Financial institution (BNB) on the Brussels Inventory Trade was suspended on Wednesday morning earlier than the opening of commerce, indicated, shortly earlier than 9:00 a.m., the FSMA, the monetary market authority. It should stay so at the very least till the publication of a press launch.

Solicited, the BNB refuses to remark earlier than this press launch has been revealed. This would be the case”within the subsequent few hours“, it says.

The suspension of the motion of the BNB is extraordinarily uncommon. Based on some observers, this might herald a takeover bid for the Financial institution, of which the State holds 200,000 shares, or 50%, the steadiness being distributed amongst traders. As L’Echo reminds us on its web site on Wednesday, Belgium is without doubt one of the solely nations on this planet whose central financial institution is listed on the inventory trade.

Others seek advice from an necessary earnings warning. BNB shares just lately traded round 1,500 euros, their lowest value in over 20 years. In higher occasions, it had reached as much as 4000 euros. Over a interval of three years, it has decreased by greater than a 3rd, underlines De Standaard on Wednesday morning.

This fall within the share value is linked to the reversal of the rate of interest market.

Concrete figures are already circulating within the Netherlands on the affect of the inversion of rates of interest on the Dutch central financial institution. Based on Het Financieele Dagblad and the NRC, the latter has warned the Dutch authorities that the fast rise in rates of interest will put it within the crimson and stop it from paying dividends to the state.

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