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National Bank of Belgium
Nationale Bank van België (Dutch)
Banque nationale de Belgique (French)
Belgische Nationalbank (German)
NBB Headquarters
NBB Headquarters
Headquarters Brussels
Established 5 May 1850
Governor Luc Coene
Central bank of Belgium
Website www.nbb.be
Succeeded by European Central Bank 1
1NBB still exists but many functions have been taken over by the ECB.

The National Bank of Belgium (Nationale Bank van België in Dutch, Banque nationale de Belgique in French, and Belgische Nationalbank in German) has been the central bank of Belgium since 1850. The National Bank of Belgium was established with 100% private capital by a law of 5 May 1850 as a Société Anonyme.

It is a member of the European System of Central Banks.

The governor of the National Bank is a member of the Governing Council, the main decision-making body of the Eurosystem, particularly as regards monetary policy; the National Bank of Belgium participates in the preparation and execution of its decisions.

Apart from monetary policy, the National Bank of Belgium takes on other tasks which can be classified as follows:

  • the issuing of euro banknotes
  • the printing of euro banknotes and the placing in circulation of euro coins
  • the management of foreign currency reserves
  • the collection, circulation and analysis of economic and financial information
  • the stability of the Belgian financial sector - see also CBFA
  • the role of financial ambassador to international economic institutions
  • services for the Belgian State
  • services for the Belgian financial sector
  • services for the general public

50% of the NBB stock is freely traded on Euronext Brussels, the other 50% of the shares are owned by the Belgian government. (400.000 shares in total)

Contents

Governors of the NBB [edit]

Vice-Governors of the NBB [edit]

(List to be expanded)

Library [edit]

The National Bank's library is one of the most important economic libraries in Belgium. The building that currently houses the library, was constructed between 1872 and 1874 for the Union du Crédit and designed by architect Désiré De Keyser (1823-1897). De Keyser opted for a typical late-19th century bank style of architecture, which reflects both authority and prestige. The abundant light and imposing spaces were intended to mirror the institution's power and instil confidence among its clients. The building, fully restored to its former glory, is open to the public.

See also [edit]

References [edit]

External links [edit]



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26 news items

 
Bloomberg
Thu, 16 May 2013 06:19:08 -0700

Belgium almost erased its trade deficit in March, the National Bank of Belgium said. The deficit narrowed to 40.5 million euros from a revised 395 million euros in February, the central bank said on its website. March exports fell 2.3 percent to 22 ...
 
4-traders (press release)
Wed, 15 May 2013 22:17:01 -0700

We intend to accelerate repayment of 1.17 billion euros of state aid to the Flemish Regional Government and to pay the accompanying premium of 583 million euros in the first half of 2013, subject to the customary approval of the National Bank of Belgium.
 
Kuwait News Agency
Thu, 02 May 2013 11:36:18 -0700

According to Belgian media reports, the safety characteristics of the new 5 euro bill were developed by the printers at Belgium's central bank, the National Bank of Belgium. The new five euro bill incorporates the latest technology developed by the ...
 
Businessweek
Sat, 27 Apr 2013 09:01:48 -0700

The budget deficit widened to 3.9 percent of gross domestic product in 2012 from 3.7 percent a year earlier, the Brussels-based National Bank of Belgium said last month. Debt as a proportion of GDP rose to 99.6 percent last year from 97.8 percent in 2011.
 
NASDAQ
Wed, 24 Apr 2013 06:36:52 -0700

Business confidence rose to -14.7 in April from -15 in March, according to the National Bank of Belgium's business barometer. The index improved slightly due to a pick up in the manufacturing industry, the bank said, explaining however that "in this ...
 
NuWire Investor
Wed, 08 May 2013 07:24:05 -0700

In March 2013, the total amount of new mortgage credit drawn dropped by 1.4% to €2.7 billion from the same period last year, according to the National Bank of Belgium. The average interest rate for housing loans with floating rate and with an initial ...

Risk.net

Risk.net
Mon, 29 Apr 2013 03:14:55 -0700

... these are complex issues and it is a difficult debate, but we are advocating further consideration,” says Michel Colinet, chairman of the technical accounting group at the EBA, and head of governance, accounting and auditing at the National Bank of ...
 
RTT News
Fri, 03 May 2013 06:21:03 -0700

Belgium's economy recorded modest growth in the first quarter after staying broadly stagnant in the previous two quarters, preliminary data released by the National Bank of Belgium showed Friday. Gross domestic product (GDP) edged up a seasonally ...
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