![]() ![]() Over the past 2 decades, KBC built up a strong presence in many of the countries that joined the EU on. ![]() In 2005, KBC set another milestone by merging with its parent company, Almanij, and changing its name to KBC Groep NV. Since then, the group has significantly expanded its activities, chiefly in Central and Eastern Europe. In 1998, the Kredietbank merged with two financial institutions originating from the Boerenbond (Vlaanderen) (E: Belgian Catholic Farmers Association), ABB-insurance (Assurances du Boerenbond Belge) and CERA (Centrale Raiffeisenkas) Bank, to form the 'KBC Bank and Insurance Holding Company'. The branch in Bremen was renamed to Kredietbank-Bankverein AG in 1990. Bruxelles acquired the main part of the shares from the Bankverein Bremen AG since 1982. In 1970, together with six other European institutions, Kredietbank established the Inter-Alpha Group of Banks. In 1966, the bank began building a foreign-correspondent network and the establishment of foreign branches in a number of countries. In the sixties, driven by increasing competition, the bank worked on the expansion of its branch network and improvement of consumer services. Due to the situation emerging after the independence of the Belgian Congo in 1960, the bank discontinued its Congolese operations in 1966. Then in 1954 it acquired Banque Congolaise pour l’Industrie, le Commerce, et l’Agriculture and renamed it Kredietbank-Congo, Ultimately it had four branches, one each in Léopoldville, Bukavu, Elizabethville and Stanleyville. It established a branch in Léopoldville in 1952. The Kredietbank also expanded into the Belgian Congo. Luxembourgeoise and into Wallonia with the establishment of the Crédit Général de Belgique in 1961. The bank expanded into Luxembourg in 1949 with the Kredietbank S.A. The postwar growth strategy of the bank emphasised foreign expansion and the development of portfolio-management services for investors. After the war, because of the economic recovery, the Kredietbank, now the third largest bank in Belgium, was able to increase the number of operating branches in Flanders. He defined the Kredietbank as an independent bank with a decidedly Flemish character which would be an instrument to further Flemish economic growth.ĭuring World War II, the bank would be able to expand its activities and grow its deposits from the Flemish middle class. Fernand Collin, who became president in 1938, conceived the business strategy which would lead to the growth of the bank. The Kredietbank would be the only Belgian financial institution under Flemish control which would survive the financial crisis of the great depression of the 1930s. In 1935, the banks Algemeene Bankvereeniging and Volksbank van Leuven merged with the Bank voor Handel en Nijverheid to create the Kredietbank. Another predecessor was the Bremer Vorschussverein, founded in 1889 and changed later into Bankverein Bremen AG. The Catholic Volksbank van Leuven, founded in 1889, was one of the earliest predecessors of the KBC Bank.
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