Belgian central bank defends shareholder treatment

- Central Banking staff
- 02 Apr 2003

Guy Quaden, Belgium's central bank governor, has denied accusations made by shareholders at an annual meeting that the bank favours its main shareholder, the Belgian government.

Mr Quaden was accused by shareholders at a meeting on Monday 31 March giving privileged information to the Belgian state and transferring the banks' assets to the state, which has resulted in minority shareholders being ripped off.

Minority shareholders are suing the bank over the issue and the country's supreme court is

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