Almanij

Almanij (for Algemene Maatschappij voor Nijverheidskrediet, "General Company for Industry")[1] was a Belgian holding company active in financial services, created in 1931 and merged into KBC Group in March 2005.

Almanij was incorporated in 1931 as an initiative of the Catholic Algemeene Bankvereeniging, a Belgian bank founded by the Leuvense Volksbank (Leuven) in Antwerp in 1921.

In 1935, the Middenkredietkas went nearly bankrupt due to the economic crisis, which led to the establishment of the Kredietbank of which Almanij became a shareholder.

The Catholic Boerenbond (E: Belgian Farmers’ Union) created its own network of savings banks: CERA instead of relying on the Middenkredietkas, which was closely related to the Algemeene Bankvereeniging.

[2] This bank, insurance, or other financial services corporation article is a stub.