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Credit flows to businesses, but problems remain

The four main banks in Belgium - ING, KBC, BNP Paribas Fortis and Dexia - have begun to lend more money to business clients, the National Bank reports. In the second three months of the year the banks loaned €1.7 billion, following a cut in lending in the first quarter of €492 million. The total sum of outstanding debt of all businesses in the country stood at end-June at €110 billion.

AH
(August 25, 2024)
CEO Karel Cardeon says customers are looking for cheaper alternatives
Cardoen sales up by 60% in face of crisis
Car dealer passes on savings to consumers

Cardoen, one of Belgium's biggest car retailers with outlets in Dendermonde, Hasselt, Wilrijk, Vilvoorde and Lichtervelde, as well as across Wallonia, announced a 60% increase in sales in the first half of the year, with more than 8,500 cars sold compared to just over 5,300 in the same period a year earlier. Sales went up €27 million to more than €99 million.

(August 18, 2024)