Crédit Communal de Belgique

In 1860, the Crédit Communal de Belgique was created, responsible for granting loans to municipalities for their investments. A public limited company, Crédit Communal is a cooperative bank in which the municipalities are shareholders. Thus, those who would like to borrow there had to subscribe to shares for at least 5% of the amount of their loan.

In 1947, Crédit Communal developed a network of branches to collect savings directly from the public via deposit books. In 1960, the network was professionalized, which aimed to diversify operations and build loyalty among private customers, by expanding the range of products and services.