Banque Nationale de Belgique

Type: Company
Name: Banque Nationale de Belgique
First reported Sep 21 2014 - Updated Sep 21 2014 - 1 reports

KBC ANNOUNCES DECISION TO CLOSE ANTWERP DIAMOND BANK

KBC has announced the closure of Antwerp Diamond Bank. Below is the press release in full:Given that the sale of Antwerp Diamond Bank (ADB) to Yinren Group could not be successfully completed, KBC has decided, in implementation of the agreement made with ... [Published Diamond Intelligence Briefs - Sep 21 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

Belgium Consumer Confidence Stable In September

BRUSSELS (dpa-AFX) - Belgium's consumer confidence stabilized in September at the one-year low marked in August, survey data from the National Bank of Belgium revealed Friday.Consumers' grew more pessimistic regarding the economic situation in Belgium ... [Published FinanzNachrichten.de - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

KBC Group Decides To Wind Down Antwerp Diamond Bank

KBC Group NV (KBCSF.PK), a Belgium-based bank holding company, said that it has decided, in implementation of the agreement made with the European Commission, to run down the loan portfolio and activities of Antwerp Diamond Bank or ADB in a gradual and ... [Published RTTNews.com - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

BNP Paribas finalizes acquisition of Bank BGZ from Rabobank

BNP Paribas has acquired control of Bank BGŻ from Rabobank, valuing Bank BGŻ at PLN 4.5 billion (approximately EUR 1.1 billion) including Rabobank Polska operations which were merged with Bank BGŻ last June.Further to the agreement reached on 5th December ... [Published The Asian Banker - Sep 19 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

German PPI Due On Friday

German producer prices data is among the handful of economic data scheduled for release on Friday.At 2 am ET, German Statistical Office DESTATIS is scheduled to release its producer prices report. Producer prices are expected to decline 0.8 percent year-over-year ... [Published RTTNews.com - Sep 19 2014]
First reported Sep 02 2014 - Updated Sep 03 2014 - 1 reports

Eurozone PPI Due On Tuesday

Eurozone producer prices and U.K. construction purchasing managers' index, or PMI, are some of the notable economic data scheduled for release on Tuesday.At 5 am ET, Eurostat is scheduled to release its producer prices report for the eurozone. Producer ... [Published RTTNews.com - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

UK wants Russia blocked from using financial messaging system

The UK is pushing for a ban on Russian businesses using the Society for Worldwide Interbank Financial Telecommunication (Swift) network, as a sanction in reaction to Russia’s role in the current crisis in Ukraine.According to Bloomberg, the UK put forward ... [Published Computer Weekly - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

01Sep/CPSS - New charter and renamed as Committee on Payments and Market Infrastructures

At their meeting in June 2014, the central bank Governors of the Global Economy Meeting (GEM) endorsed a new mandate and charter for the Committee on Payment and Settlement Systems (CPSS). The GEM also decided to rename the CPSS as the Committee on Payments ... [Published Bank for International Settlements - Sep 01 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

Belgium Business Confidence Unexpectedly Rises In August

Belgium's business confidence rose slightly in August, defying expectations for further decline, survey data from the National Bank of Belgium showed Monday.The business confidence index climbed to -7.3 from -7.5 in July. Economists had forecast the score ... [Published RTTNews.com - Aug 25 2014]
First reported Aug 25 2014 - Updated Aug 25 2014 - 1 reports

German Business Climate Data Due On Monday

The results of IfO's survey on German business climate and Spain's producer prices are among the handful of economic data scheduled for release on Monday.At 4 am ET, research institute IfO is due to release the results of its business climate survey for ... [Published RTTNews.com - Aug 25 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Belgium Consumer Confidence Falls To 12-month Low

Belgium's consumer confidence in August deteriorated for the third successive month to its weakest level in 12 months, survey results from the National Bank of Belgium showed Thursday.The consumer confidence index fell to -11 from July's -10. It was the ... [Published RTTNews.com - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Eurozone PMI Reports Due On Thursday

PMI reports from major european countries and U.K. retail sales are some of the notable economic data scheduled for release on Thursday.At 4 am ET, Markit Economics will release the preliminary results of its private sector activity survey for the eurozone. ... [Published RTTNews.com - Aug 21 2014]

Quotes

Pierre De Bosscher, CEO of Antwerp Diamond Bank concluded: "Its specific niche business made the divestment of Antwerp Diamond Bank less than straightforward, despite the long track record of this renowned institution. It is, of course, unfortunate that no opportunities had emerged in the past few years to develop the business further with a new shareholder. However, I'm convinced that the current approach under the arrangements agreed between KBC and Europe takes full account of the interests of our clients, staff, shareholders and all other stakeholders."
...efforts, the Yinren Group was unable to complete the acquisition of Antwerp Diamond Bank within the set deadline," said KBC's CEO,  Johan Thijs. "We regret that a strong brand and a leading player in the diamond banking industry, with a long and rich history, will have to cease operations as a result."
Johan Thijs, CEO of KBC Group NV said, "It's a pity that, despite long and intense efforts, the Yinren Group was unable to complete the acquisition of Antwerp Diamond Bank within the set deadline. We have always fulfilled our commitments towards the European Commission. Therefore, because the sale is not going to go through, we have no alternative but to run down the company. We regret that a strong brand and a leading player in the diamond banking industry, with a long and rich history, will have to cease operations as a result."
"The National Bank of Belgium (NBB) acts as the lead overseer, supported by the Group of Ten (G-10) central banks. The oversight focuses primarily on ensuring that Swift has effective controls and processes to avoid posing a risk to the financial stability and the soundness of financial infrastructures" it says

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All (16) | News (14) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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KBC ANNOUNCES DECISION TO CLOSE ANTWERP DIAMOND... [Published Diamond Intelligence Briefs - Sep 21 2014]
KBC Prepares Winding Down Antwerp Diamond Bank ... [Published Rapaport News - Sep 19 2014]
Belgium Consumer Confidence Stable In September [Published FinanzNachrichten.de - Sep 19 2014]
KBC Group Decides To Wind Down Antwerp Diamond ... [Published RTTNews.com - Sep 19 2014]
BNP Paribas finalizes acquisition of Bank BGZ f... [Published The Asian Banker - Sep 19 2014]
German PPI Due On Friday [Published RTTNews.com - Sep 19 2014]
Eurozone PPI Due On Tuesday [Published RTTNews.com - Sep 02 2014]
UK wants Russia blocked from using financial me... [Published Computer Weekly - Sep 01 2014]
01Sep/CPSS - New charter and renamed as Committ... [Published Bank for International Settlements - Sep 01 2014]
Belgium Business Confidence Unexpectedly Rises ... [Published RTTNews.com - Aug 25 2014]
German Business Climate Data Due On Monday [Published RTTNews.com - Aug 25 2014]
Belgium Consumer Confidence Falls To 12-month Low [Published RTTNews.com - Aug 21 2014]
Eurozone PMI Reports Due On Thursday [Published RTTNews.com - Aug 21 2014]
"Not Doing Anything Next Month Would Completely... [Published Zero Hedge - May 08 2014]
US EQUITIES OPENING HEADLINES INCLUDING: RBS - ... [Published Proactiveinvestors United Kingdom RSS feed - Mar 27 2014]
Biography for Guy Quaden [Published Able2Act - Nov 20 2007]
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"Not Doing Anything Next Month Would Completely... [Published Zero Hedge - May 08 2014]
Mario Draghi has gone and done it. After nearly two years of playing the market like a fiddle with nothing more than verbal intervention, Draghi was finally cornered today when during the ECB press conference earlier he explicitly stated that " the ...
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