Industry | Finance and Insurance |
---|---|
Founded | 1937 |
Headquarters | Brussels, Belgium |
Products | Financial Services |
Net income | €52 million (2006) |
Employees | 1,700 |
Subsidiaries | Europabank and Keytrade Bank |
Website | http://www.landbouwkrediet.be/ |
Landbouwkrediet (Dutch name) or Crédit Agricole (French name) is a 70 year old Belgian bank with roots in agriculture.
Its retail banking and commercial enterprises have grown to almost equal its agricultural interests. In 2006, the bank reported a growth rate of 49% according to International Financial Reporting Standards (IFRS) with a net result of €52 million. In recent years it acquired Europabank and Keytrade Bank. Landbouwkrediet was officially recognized as a bank insurance company in 2007, further strengthening its market position. It now has 1,700 employees, 280 branches, and 430,000 customers.[1]
The bank have been sponsoring a professional cycling team with the same name, Landbouwkrediet, since 2001.