Crelan

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 and 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 (sold in 2016 to CM ARKEA). Landbouwkrediet was officially recognized as a bank insurance company in 2007, further strengthening its market position.

Since 2001 the bank has sponsored a professional cycling team, Landbouwkrediet–Colnago, which hosted wo world champions, Sven Nys and Wout Van Aert.

References

External links

Wikimedia Commons has media related to Crelan.

• Official website