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The Société Générale de Belgique (Dutch: Generale Maatschappij van België, lit. ' General Company of Belgium '; often referred to in Belgium simply as "Société Générale" or SGB) was an investment bank and, subsequently, an industrial and financial conglomerate in Belgium between 1822 and 2003.
Building at Avenue Louise 54 in Brussels, SBB head office 1928-1931. The Banque Générale Belge (BGB) was established in Namur in 1901, succeeding the partnership (French: société en commandite par actions) named A. de Lhoneux, Linon & Cie, an earlier bank founded in 1859.
The Banque d'Anvers (lit. ' Bank of Antwerp ') was a Belgian based bank that acted as the affiliate of the Société Générale de Belgique in Antwerp.It started activity as a branch in 1823, became a fully-fledged bank in 1827, and was eventually merged into the Générale de Banque in 1965.
The Banque de Belgique was founded by liberal leader Charles de Brouckère on 26 February 1835. The aim was to partly offset the financial dominance in the country of the Société Générale de Belgique which was viewed as not providing savings services to the broader Belgian population, [1] and was also perceived as too much controlled by Dutch interests.
The Société Générale de Banque held 40 percent of all deposits in Belgium. [3]: V The bank subsequently further expanded into retail banking services: its Belgian branch network grew from 328 in 1945 to 640 in 1964 and 1,100 in 1975. [3]: V-VI In 1985, its name was further abbreviated to Générale de Banque (Dutch: Generale Bank). [4]
Joseph M. Cohen, Cowen's chief executive became its chairman, and Curtis R. Welling, an investment banker from Societe Generale's New York office became president and chief executive. [ 23 ] In 1998, Société Générale set up Retail Banking outside France as a separate division, underscoring the Group's resolve to make this business one of ...
The London-based BBE (Overseas) was renamed Banque Belge Ltd. in 1957; in 1970, it absorbed the London branch of the Banque Italo-Belge, another affiliate of the Générale de Belgique, and in 1988 contributed its merchant banking operations to the newly created branch of Generale Bank, while keeping private banking under the Banque Belge Ltd ...
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