Société Nationale de Crédit à l'Industrie
The Société Nationale de Crédit à l'Industrie, branded Crédit à l'Industrie from the 1980s (, SNCI / NMKN; ), was a Belgian public bank. It was established in 1919 to help finance post-World War I reconstruction, and eventually merged into ASLK / CGER in 1996-1997. Overview

The Société Nationale de Crédit à l’Industrie was created by legislation of  by the Belgian state in the context of post-World War I reconstruction, as a non-profit state entity, partly inspired by France's Crédit National. It first specialised in shipping loans. In August 1934 its scope was expanded, as it was authorized to take over industrial loans (with recourse) from Belgian banks that were struggling in the aftermath of the European banking crisis of 1931. The program was further expanded in 1935. After World War II, the SNCI was involved in the distribution of loans under the Marshall Plan. Over time, it opened branches and offices in Antwerp, Bruges, Charleroi, Ghent, Hannut, Hasselt, Kortrijk, Leuven, Liège, Lokeren, Mechelen, Mons, Namur, Nivelles, Saint-Nicolas, Tournai, Turnhout, Verviers, and Vilvoorde. In 1973, the SNCI was a founding member of a club of specialized long-term credit institutions in the European Community, together with France's Crédit National, Germany's Kreditanstalt für Wiederaufbau, Italy's Istituto Mobiliare Italiano, the Netherlands' Nationale Investeringsbank, and the UK's Finance Corporation for Industry among others. From 1968 to 1986, the Crédit à lm'Industrie partnered with ASLK / CGER and became a major provider of state aid to Belgian industrial businesses, e.g. in the textile and steel sectors. After 1986 it started developing its own banking service offerings and was granted a full banking license in 1994, but was soon sold by the Belgian state to ASLK / CGER which fully absorbed it in 1997. See also
 Long-Term Credit Bank of Japan

Notes

Defunct banks of Belgium
Banks established in 1919
1919 establishments in Belgium