Nagelmackers is a private bank in

Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...

, the oldest in the country and the 14th oldest surviving bank in the world. It focuses on wealthy individuals and families, relying on a network of local offices. In July 2024, It was purchased from China's

Anbang Anbang Insurance Group () was a Chinese holding company whose subsidiaries mainly deal with insurance, banking, and financial services based in Beijing. As of February 2017, the company had assets worth more than (US$301 billion). The ''Financ ...

by , a local bank of

Groupe BPCE BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, the ...

in the Northern French region.

History

Nagelmackers was founded in 1747 in

Liège Liège ( ; ; ; ; ) is a City status in Belgium, city and Municipalities in Belgium, municipality of Wallonia, and the capital of the Liège Province, province of Liège, Belgium. The city is situated in the valley of the Meuse, in the east o ...

by Pierre Nagelmackers (1705-1780) and developed by his son Gérard Nagelmackers (1731-1798). In 1810, it purchased a building on Place de Louvain 12 in Brussels, which it had rebuilt in 1870 on a design by architect and eventually became its head office. The Nagelmackers family was instrumental in promoting the Liège International Exposition in 1905. In 1910, it was restructured into a partnership under the name . In 1935, financier purchased shares in the bank from several members of the Nagelmackers family. It was rebranded in the 1970s, with reference to the date of its founding. By the late 1980s, it still kept its registered office () in Liège (Place de la Cathédrale 18), even though its main center of operations was in Brussels (Place de Louvain 12) with a third main seat in

Namur Namur (; ; ) is a city and municipality in Wallonia, Belgium. It is the capital both of the province of Namur and of Wallonia, hosting the Parliament of Wallonia, the Government of Wallonia and its administration. Namur stands at the confl ...

(Rue des Dames Blanches 24). After 243 years in independent operation, Nagelmackers went into several successive changes of ownership. In 1990, its banking business was acquired by

Banque Nationale de Paris Banque nationale de Paris () was a major French bank. It was formed in 1966 through the merger of Comptoir national d'escompte de Paris (CNEP, est. 1848) and Banque nationale pour le commerce et l'industrie (est. 1932). In 1999, it merged with ...

. In 1994, BNP in turn sold it to Belgian insurer . In 2001, P&V sold it to Dutch insurer Delta Lloyd, which in 2005 replaced the Nagelmackers brand with Delta Lloyd Bank. Also in 2005, Delta Lloyd sold the bank's operations in

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

to Banque Degroof. In December 2014, Delta Lloyd announced the sale of its banking arm to

, which closed the transaction a few months later and revived the Nagelmackers brand in October 2015. In 2022, amid a downsizing program, Banque Nagelmackers moved to a new head office on Rue Montoyer 14 in Brussels. File:Sépulture Familliale Ngalemackers.jpg, Family tomb of the Nagelmackers family in

Angleur Angleur (; ) is a sub-municipality of the city of Liège located in the province of Liège, Wallonia, Belgium. It was a separate municipality until 1977. On 1 January 1977, it was merged into Liège. It is located at the foot and on the slope ...

near Liège File:Brussels Nagelmackers Louvain.jpg, Building at Place de Louvain 12 in Brussels, the Brussels office of Nagelmackers until the 1990s File:Brussels Nagelmackers Lobby.jpg, Entrance lobby at Place de Louvain 12 File:Sunny Nagelmackers.jpg, Building at Avenue de l'Astronomie 23 in Brussels, Nagelmackers head office from the 1990s until 2022

Operations

As of mid-2021, Nagelmackers had 22 branches and 41 independent agents.

Notes

External links

Homepage
Banks of Belgium Companies based in Brussels Companies established in the 18th century Establishments in the Austrian Netherlands Banks established in 1744 1744 establishments in the Habsburg monarchy 1744 establishments in the Holy Roman Empire ''Article contains translated text from Bank Nagelmackers on the Dutch Wikipedia retrieved on 7 March 2017.'' {{Belgium-company-stub

History

Operations

See also

Notes

External links