Published in L'Écho on 14 January 2023
Vanderstappen Robert has played a key role in representing cooperators of NewB, a Belgian cooperative bank facing serious financial challenges. As the bank moved forward with its merger with the Flemish VDK bank, aimed at strengthening its position, concerns about financial transparency and management practices emerged.
Nicolas Vanderstappen, acting on behalf of several cooperators, highlighted a significant rise in consultancy and management fees in 2021, prompting questions about the bank's handling of its finances. He criticized NewB's lack of communication, arguing that the cooperators should have been informed earlier through a General Assembly to maintain trust.
In addition to the merger, NewB’s suspension of several banking services further compounded the concerns. Vanderstappen’s active involvement for greater transparency and accountability underscores his commitment to protecting the rights of cooperators during this turbulent period. His resolute defense has been crucial in raising awareness and pushing for answers, ensuring that the bank’s leadership is held accountable to its members.
Sources:
- De Standaard 26 November 2022
- L'Écho 26 November 2022
- L'Avenir 26 October 202
- L'POST26 October 2022
- L'Écho 14 October 2022