Credit A L'industrie Sa, Ste National De

Societe Nationale de Credit a l'Industrie SA is a multi-bank holding company which primarily offers corporate banking services, targeted at large & medium-sized industrial enterprises. It also provides retail banking services for small-sized enterprises. Other activities include investment advisory services. In 1994, the Belgian State transferred its 50% interest in the company to CGER-Holding, a bank held by the State, which will be sold to private shareholder(s). Interest on securities accounted for 19% of 1994 revenues; other interest income, 79% and non-interest income, 2%.