Crelan

For the professional cycling team, see Crelan-Euphony.
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 (formerly Landbouwkrediet or Crédit Agricole) is a Belgian bank with roots in agriculture. It is part of Crelan Group, which is for 50% owned by the Crédit Agricole Group, one of Europe’s largest groups (own funds of €64.8 billion and net result of €6 billion.

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, Landbouwkrediet–Colnago, since 2001.

References

  1. ↑ Landbouwkrediet implements SAS for Basel II compliance
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