Banque nationale de Belgique : Press release Financial accounts of Belgium (2024 I)PDF

2024-07-12

PRESS RELEASE

Links:	Infographics	NBB.Stat	General information

Financial wealth of Belgian households rose in the first quarter of 2024

The net financial wealth of Belgian households increased by €26.5 billion to €1 218.1 billion in the first three months of 2024. Financial assets rose by €26.7 billion, mainly due to valuation gains (€22 billion) but also due to net investment of €4.7 billion. Household financial liabilities grew slightly, by €0.2 billion.

In the first three months of 2024, the financial assets of households increased, due mainly to valuation effects on investment fund holdings (€15.8 billion) and listed shares (€4 billion). Insurance products also saw valuation gains (€3.5 billion).

Debt securities and unlisted shares recorded slight valuation losses (-€0.7 billion and -€0.6 billion respectively). The €1.7 billion other flows of sight deposits are not due to valuation effects but are a correction in the reporting of one bank, which led to the reclassification of this amount from other deposits to sight deposits.

Households continued to invest in term accounts (€2.8 billion) and debt securities (€2.3 billion) in Q1 2024. There were net purchases of shares in investment funds and unlisted shares (€2 billion and €1.9 billion, respectively), but net sales of listed shares (-€0.8 billion).

Household financial obligations rose slightly in Q1 2024 by €0.2 billion to an outstanding amount of €350.2 billion, due to an increase in mortgage loans (€0.7 billion) and other types of long-term loans (€0.3 billion).

Communication	14 Avenue de Berlaimont	Tel. + 32 2 221 46 28	VAT BE 0203.201.340
National Bank of Belgium	1000 Brussels	www.nbb.be	Brussels RLE

CHANGE IN THE NET FINANCIAL WEALTH OF HOUSEHOLDS IN THE FIRST QUARTER OF 2024 (in € billion )

	Amounts	Financial	Other	Amounts
Financial instruments	outstanding at	transactions in	flows1	outstanding
31 December	Q1 2024		at
	2023			31 March
				2024
Financial assets	1541.7	4.7	2.0	1568.4
Notes and coins	39.2	1.0	0.0	40.2
Sight deposits	85.3	-2.4	1.7	84.6
Regulated savings deposits	265.2	0.3	0.0	265.6
Other deposits	73.7	2.8	-1.8	74.8
Debt securities	59.7	2.3	-0.7	61.3
Listed shares	84.1	-0.8	4.0	87.4
Unlisted shares and other equity	360.5	1.9	-0.6	361.8
Investment fund shares	265.9	2.0	15.8	283.8
Insurance products	287.8	0.1	3.5	291.5
Miscellaneous2	20.1	-2.6	0.0	17.6
Financial liabilities	350.1	0.2	0.0	350.2
Short-term loans	6.8	-0.4	0.0	6.4
Mortgage loans	301.5	0.7	0.0	302.2
Other long-term loans	32.6	0.3	0.0	32.8
Miscellaneous3	9.2	-0.4	0.0	8.8
Net financial wealth	1191.6	4.5	22.0	1218.1

Source: NBB.

1. Other flows consist of price and exchange rate fluctuations. They also include specific items such as reclassifications to other sectors or instruments.
2. This category consists of other financial instruments as defined by ESA 2010, mainly loans, accounts receivable/payable and accruals, including government assessments.
3. This category consists of other financial instruments as defined by ESA 2010, such as derivatives, other shareholdings, accounts receivable/payable and accruals, including taxes due but not yet paid.

Communication	14 Avenue de Berlaimont	Tel. + 32 2 221 46 28	VAT BE 0203.201.340
National Bank of Belgium	1000 Brussels	www.nbb.be	Brussels RLE