Caisse Générale De Reports Et De Dépôts
The ''Caisse Générale de Reports et de Dépôts'' (CGRD, sometimes CGR&D) was a bank headquartered in Brussels, Belgium. Founded in 1874, its business was reorganized in 1940 under the new name ''Banque de Reports et de Dépôts'' (BRD). It was eventually absorbed in 1953 by the Banque Lambert. Overview The CGRD was established in 1874 and initially specialized in collateral loans to stockbrokers. ( refers to bank lending that enables leveraged securities trading.) In the early 20th century, the CGRD commissioned a prominent head office building in the downtown banking district of Brussels, designed by architect Paul Saintenoy and completed in 1911. In 1935, Belgian banker , a former general manager of the Banque d'Outremer, became the CGRD's controlling shareholder by acquiring an equity stake previously held by the Société Générale de Belgique as the latter spun off most of its banking operations as the Générale de Banque. In 1939, a year after Fabri's death, the b ...
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