The National Bank of Belgium (Banque nationale de Belgique, NBB) is the central bank of Belgium and is a member of the European System of Central Banks. Since 1 January 1999 the National Bank has played an active part in the definition and implementation of the Eurosystem's monetary policy. Financial supervision is the instrument for ensuring financial stability, the second key function of a central bank, alongside monetary stability.
The Bank takes on other tasks which can be classified as follows: the management of foreign currency reserves, the collection, circulation and analysis of economic and financial information, the stability of the Belgian financial sector, the role of financial ambassador to international economic institutions. 50% of the NBB stock is freely traded on Euronext Brussels, the other 50% of the shares are owned by the Belgian government.
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Islamic banking assets to surpass $1.8 trillion globally in 2013 - 05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech
The National Bank of Belgium (Banque nationale de Belgique, NBB) is the central bank of Belgium and is a member of the European System of Central Banks. Since 1 January 1999 the National Bank has played an active part in the definition and implementation of the Eurosystem's monetary policy. Financial supervision is the instrument for ensuring financial stability, the second key function of a central bank, alongside monetary stability.
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