Belgium: KBC sees significant decline in sales in 2017, Belfius hold its own
2017 was a tough year for structured products in Belgium with sales down 30% on the previous year, according to SRP data. The 311 structures that were issued during 2017 - excluding open-ended funds - sold an estimated €4bn compared to 347 products worth €5.7bn in 2016. Market leader KBC saw its sales decrease by approximately 45% while sales at BNP Paribas Fortis were down 9%. Belfius, however, held its own and reported an increase of more than 11%.
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