Sales volumes in the Belgian market reached levels not seen since Q1 2020.

An estimated €950m (US$1 billion) was collected from 22 publicly offered structured products in the fourth quarter of 2022 – a 1.9-fold increase by sales volumes compared to the prior year quarter (Q4 2021: €330m from 34 products). Sales reached their highest levels since Q1 2020 when €1.4 billion was accumulated. However, back then issuance, at 70 products, was much higher. KBC was the number one issuer in Q4 2022. It claimed 52% of the Belgian market in the period from

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