Crelan

Crelan
Industry Finance and Insurance
Founded 1937
Headquarters Brussels, Belgium
Products Financial Services
52 million (2006)
Number of employees
1,700
Subsidiaries Europabank and Keytrade Bank
Website http://www.crelan.be/

Crelan was introduced as bank brand after the merger of Landbouwkrediet / Crédit Agricole and Centea. It is a Belgian bank with roots in agriculture. It is part of Crelan Group, which was 50 percent owned by the Crédit Agricole Group. In June 2015 Crelan became again a 100% Belgian cooperative bank, owned by its clients. in 2015 CRelan Group had 1,25 million customers, 733 branches and made a net profit of € 42 million.

Its retail banking and commercial enterprises have grown to 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.</ref>

The bank have been sponsoring a professional cycling team, Landbouwkrediet–Colnago, since 2001 which hosted 2 world champions Sven Nys and Wout Van Aert

References

    Wikimedia Commons has media related to Crelan.
    This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.