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Bank Brussels Lambert
Bank Brussels Lambert (BBL, french: Banque Bruxelles Lambert) was a Belgian bank that was created through merger in 1975 and became part of ING Group in 1998. It provided retail and commercial banking services to individuals and businesses in Belgium, together with related financial products such as insurance and asset management. It was formed by the merger of two existing Belgian banks ''Banque de Bruxelles'' and ''Banque Lambert'' in 1975 making it at that time the second largest Belgian bank. It was sold to ING Group in 1998 who renamed the subsidiary in 2002 ING Belgium. History Banque de Bruxelles Banque de Bruxelles was founded in 1871 and grew steadily over the ensuing six decades, acquiring interests in other banks in Belgium's major cities. In 1931, these interests were combined in a single business which operated in traditional banking and in the management of industrial concerns based mainly in Belgium and Africa. Following the reform of the Belgian banking sector in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
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. Because 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 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
