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The Société Générale de Belgique was an investment bank and, subsequently, an industrial and financial conglomerate in Belgium between 1822 and 2003. It has been described as the world's first universal bank. The banking element was split in 1935 and became the Générale de Banque. At its height in the late 19th and early 20th centuries, the Société Générale exercised significant control over large portions of the national economy of Belgium and the Belgian colonial empire.
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The Banque de Paris et des Pays-Bas, generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas.
The Générale de Banque was a major Belgian bank, created in 1934 as a spin-off from the powerful financial conglomerate Société Générale de Belgique (SGB) in compliance with new Belgian legislation that mandated separation of commercial banking activities from investment holdings. It was initially named the Banque de la Société Générale de Belgique, then from 1965 to 1985 the Société Générale de Banque. Upon establishment, it was the dominant bank in Belgium, with one-third of total banking assets, not counting other SGB-linked banking entities such as the Banque d'Anvers and the Banque Italo-Belge.
The Banque nationale pour le commerce et l'industrie was a major French bank, active from 1932 to 1966 when it merged with Comptoir national d'escompte de Paris to form Banque Nationale de Paris (BNP). It was itself the successor of the Comptoir d'Escompte de Mulhouse, a bank founded in 1848 under the Second French Republic that had become German following the Franco-Prussian War, and its French subsidiary formed in 1913, the Banque Nationale de Crédit.
Fransabank is one of the oldest banks in Lebanon. Today, Fransabank Group has a consolidated presence in eight countries: Lebanon, France, Algeria, Sudan, Belarus, Iraq, UAE and Ivory Coast. The Group also ranks first in terms of local branch network with 125 branches strategically spread all over the country.
The Banque Française pour le Commerce et l'Industrie was a significant bank in France, formed in 1901 from two predecessor entities, the Banque Franco-Égyptienne and the Banque Française d'Afrique du Sud. It was purchased in 1922 by the Banque Nationale de Crédit, a predecessor entity of BNP Paribas.
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References
- ↑ "Banques commerciales". Bank of Algeria. Retrieved 16 December 2024.
