NewB dismantles its banking activities: “Act quickly to reimburse our customers as soon as possible”

NewB dismantles its banking activities: “Act quickly to reimburse our customers as soon as possible”

NewB wants to act quickly to reimburse its customers as soon as possible.

NewB © Belga Image

NewB, which presented itself as an ethical and sustainable bank, has just begun its dismantling plan which aims to take the company out of the banking sector, write L’Echo and De Tijd on Wednesday. Once this plan has been executed, NewB will lose its banking license and cease to be a bank.

Since it failed to raise 40 million euros to meet the demands of the National Bank (BNB), NewB was on probation. ” Our dismantling plan aims to get out NewB banking activities in a professional and coordinated manner. We want to act quickly and reimburse our customers as soon as possible.“, explained the CEO of NewBThierry Smets.

As of Wednesday, customers of NewB will be asked to transfer their assets to another bank, knowing that approximately 170 million euros are on deposit in the current accounts and savings accounts of NewB. The company, which will no longer accept any new customers, ensures that it will reimburse all deposits.

Read also : The future of NewB is uncertain: the story of a disillusionment

In the coming weeks, NewB will also present a collective redundancy plan, knowing that the company employs around fifty people. The CEO does not yet want to comment on the number of layoffs to come, knowing that the future of the structure will depend on the vote of the general meeting to be held on November 26th. At this point, two scenarios are on the table: an outright liquidation or the continuation of activities outside the banking sector.