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Belgian Banks Still Face Stiff Competition Dec 00
Standard & Poors, Dec 2000
Abstract
Competitive pressures, disintermediation, and the inauguration of monetary union have all been factors behind the concentration of European banking since the mid-1990s. This concentration gathered momentum in 1998 and 1999 in those countries in which the sector was most fragmented. Belgian banking has undergone profound change. The seven largest domestic banks by total assets that existed at the end of 1996 (G-n-rale de Banque, Kredietbank, Bank Brussels Lambert, Cr-dit Communal de Belgique, ASLK-CGER, Cera, and Bacob) have all been involved in link-ups with other Belgian banks or with institutions in the Netherlands and France. The alliance between Cr-dit Communal de Belgique and Cr-dit Local de France in 1996 was a precursor for other link-ups, the volume of which increased considerably...
Companies mentioned in this report are: France (Republic of) (Unsolicited Ratings),Belgium (Kingdom of) (Unsolicited Ratings),ING Belgium S.A./N.V.,Fortis Bank S.A./N.V.,Netherlands (State of The) (Unsolicited Ratings),ASLK-CGER Bank,CERA Finance North America Inc.,Hungary (Republic of),Czech Republic,Poland (Republic of),Ceskoslovenska Obchodni Banka A.S.,Banque Nationale de Belgique,Swiss Re Europe S.A.,KBC Bank N.V.,Dexia Overseas Ltd.,Dexia Bank S.A.,Euroclear Bank S.A.
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Research Type: Commentary
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