Crelan was introduced as the 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. At the time, KBC and BNP Paribas were the other main shareholders. The arrival of a new bank brand will strengthen the group, in particular the group's online banking and the "Customer Protection" area. Through this acquisition, the new group intends to address the segment of the Belgian population that currently uses unbranded, incomplete financial services. In June 2015 Crelan became again a 100% Belgian cooperative bank, owned by its clients. In 2018 Crelan Group had 919,887 customers and +/- 600 branches, and made a net profit of €66 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 [nl] and Keytrade Bank (sold in 2016 to CM ARKEA). Landbouwkrediet was officially recognized as a bank insurance company in 2007, further strengthening its market position.
In 2019, Crelan announced its intention to acquire AXA Bank Belgium, the Belgian banking business of French insurer AXA, for 620 million euros ($688.51 million).[2] The acquisition, which closed in December 2021[3] makes Crelan Belgium's fifth-largest lender.[4]
Sponsoringedit
Since 2001 the bank has sponsored several professional cycling teams, which hosted two world champions, Sven Nys, Wout van Aert and Sanne Cant.
Referencesedit
^"List of supervised entities" (PDF). European Central Bank. 1 January 2023.
^Benoit Van Overstraeten (October 25, 2019), French insurer AXA to sell its Belgian bank for $689 mln Reuters.
^"AXA has completed the sale of AXA Bank Belgium | AXA". AXA.com. Retrieved 2022-10-12.
^Benoit Van Overstraeten (October 25, 2019), French insurer AXA to sell its Belgian bank for $689 mln Reuters.
crelan, professional, cycling, team, euphony, introduced, bank, brand, after, merger, landbouwkrediet, crédit, agricole, centea, belgian, bank, with, roots, agriculture, part, group, which, percent, owned, crédit, agricole, group, time, paribas, were, other, m. For the professional cycling team see Crelan Euphony Crelan was introduced as the bank brand after the merger of Landbouwkrediet Credit 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 Credit Agricole Group At the time KBC and BNP Paribas were the other main shareholders The arrival of a new bank brand will strengthen the group in particular the group s online banking and the Customer Protection area Through this acquisition the new group intends to address the segment of the Belgian population that currently uses unbranded incomplete financial services In June 2015 Crelan became again a 100 Belgian cooperative bank owned by its clients In 2018 Crelan Group had 919 887 customers and 600 branches and made a net profit of 66 million CrelanIndustryFinance and InsuranceFounded1937HeadquartersBrussels BelgiumProductsFinancial servicesNet income 66 million 2018 Owner275 657 cooperatieve shareholdersNumber of employees2 859 including branches 2018 SubsidiariesEuropabankCrelan has been designated in 2021 as a Significant Institution under the criteria of European Banking Supervision and as a consequence is directly supervised by the European Central Bank 1 Contents 1 History 2 Sponsoring 3 References 4 External linksHistory editIts 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 nl and Keytrade Bank sold in 2016 to CM ARKEA Landbouwkrediet was officially recognized as a bank insurance company in 2007 further strengthening its market position In 2019 Crelan announced its intention to acquire AXA Bank Belgium the Belgian banking business of French insurer AXA for 620 million euros 688 51 million 2 The acquisition which closed in December 2021 3 makes Crelan Belgium s fifth largest lender 4 Sponsoring editSince 2001 the bank has sponsored several professional cycling teams which hosted two world champions Sven Nys Wout van Aert and Sanne Cant References edit List of supervised entities PDF European Central Bank 1 January 2023 Benoit Van Overstraeten October 25 2019 French insurer AXA to sell its Belgian bank for 689 mln Reuters AXA has completed the sale of AXA Bank Belgium AXA AXA com Retrieved 2022 10 12 Benoit Van Overstraeten October 25 2019 French insurer AXA to sell its Belgian bank for 689 mln Reuters External links edit nbsp Banks portal nbsp Wikimedia Commons has media related to Crelan Official website Retrieved from https en wikipedia org w index php title Crelan amp oldid 1185561196, wikipedia, wiki, book, books, library,
