|
Belfius
Belfius Bank and Insurance, known as Dexia Bank Belgium until 1 March 2012, is a Belgian state-owned bank that emerged from the dismantling of the Dexia group which had been purchased by the Belgian government on 10 October 2011 for 4 billion euros. Belfius has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History Origins of Belfius Belgium: Gemeentekrediet van België / Crédit Communal de Belgique The Crédit Communal de Belgique () was founded in 1860, specifically for the financing of local authority investments. Municipalities seeking to borrow are obliged to purchase shares equal in value to at least 5% of the borrowings. In 1947, the bank begins to develop a network of retail branches that allows funds to be drawn from the general public through savings accounts. From 1960 on, the branches are run by independent agents, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belfius Art Collection
The Belfius Art Collection is a collection of Belgian art owned by the Belfius Bank (and thus as of August 2018 by the Belgian State, owner of Belfius since 2011). History The current collection of Belfius Bank is the combination of the collections of three older banks, which are now part of Belfius. Paribas Belgium collected art from the 16th to the 18th century, plus some contemporary (post-WWII) art. The collected Belgian art from 1860 to 1945. BACOB did not start collecting art until 1980, and focused on contemporary Belgian art. Belfius continued collecting art after the fusion of the banks, and the complete collection has grown to more than 4,300 works. This makes it the largest company-based Belgian art collection, while being considered one of the 100 most important worldwide. The Belgian state took over the bank in 2011, so effectively owns the art collection as well. Small selections of the collection are open to the public two Saturdays every month. The bank lends ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as SFIL. The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Communal De Belgique
The Crédit Communal de Belgique (, ) was a Belgian financial institution, established in 1860 and eventually merged with Crédit Local de France in 1996 to form Dexia. By the mid-1990s, it was the second-largest Belgian bank by total assets (behind the Générale de Banque) and the largest one by deposits. History The Crédit Communal de Belgique was created in 1860 on the initiative of Walthère Frère-Orban, taking advice from statesman Henri de Brouckère and financier Jonathan-Raphaël Bischoffsheim. The aim was to grant credit to municipalities for their investments, for which the bank was established in the form of a cooperative, namely a public limited company owned by Belgian municipalities. Municipalities that wanted to borrow from it had to subscribe to shares for at least 5% of the amount of their loan, thus gradually establishing a proper capital base for the bank. The Crédit Communal's founding act was made by lawmaker Auguste Orts and Jacques Gillon, the mayor of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Countries
The list below includes all entities falling even partially under any of the various common definitions of Europe, geographical or political. Fifty generally recognised sovereign states, Kosovo with limited, but substantial, international recognition, and four largely unrecognised ''de facto'' states with limited to no recognition have territory in Europe and/or membership in international European organisations. There are eight entities that are not integral parts of a European state or have special political arrangements. Boundary of Europe Geographical Under the commonly used geographic definition, the boundary between the continents of Asia and Europe stretches along the Ural Mountains, the Ural River, and the Caspian Sea in the east, the Greater Caucasus range, and the Black Sea with its outlets, the Bosporus and the Dardanelles, in the south. Based on such a commonly used division of the continents, the transcontinental countries of Azerbaijan, Georgia, Kazakhstan, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Under Direct Supervision Of The European Central Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Companies Of Belgium
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Belgium
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1996
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Life Investment Management
New York Life Insurance Company (NYLIC) is the third-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2023, NYLIC achieved the best possible ratings by the four independent rating companies ( Standard & Poor's, AM Best, Moody's and Fitch Ratings). Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. History Early history New York Life Insurance Company first opened in Manhattan's Financial District as ''Nautilus Mutual Life'' in 1841, 10 years after the first life insurance charter was granted in the United States. Originally chartered in 1841, the company also sold fire and marine insurance. The company's first president, James De Peyster Ogden, was appointed in 1845. Nautilus renamed itself New York Life Insurance Company in 1845 to concentrate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Candriam
Candriam, a subsidiary of New York Life, is a global multi-specialist asset management firm. By 31 December 2022, Candriam had 139 billion euros of assets under management (AUM). Founded in 1998, Candriam manages investments focused on responsible investing across a range of asset classes including fixed income, equities, alternatives, asset allocation, and real estate. Candriam is headquartered in Luxembourg with offices in Brussels, Paris, and London, and client representatives throughout Europe, the Middle East, Asia and the United States. Candriam has appointed Vincent Hamelink as its new CEO, succeeding Naïm Abou-Jaoudé, starting from May 1, 2023. History The company was founded as Dexia Asset Management, a branch of Dexia S.A, in 1996. Following its acquisition by New York Life Investments in February 2014, the company changed its name to Candriam, which supposedly stands for "Conviction AND Responsibility In Asset Management", representing two of the company's core ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BEL 20
The BEL 20 is the benchmark stock market index of Euronext, Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL20 has contained 20 listings, with the exception a one-month period in May–June 2018 when Ablynx stock was removed following the takeover by Sanofi, only to be replaced mid June by . Rules The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February. These changes are effective after the third Friday of March. In addition to meeting a set of criteria demanding a company be "representative of the Belgium, Belgian equity market", at least 15% of its shares must be considered Float (finance), free float in order to qualify for the index. In addition, a candidate for inclusion must possess a free float market capitalization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
