BRUSSELS Jan 10 French bank Credit Agricole
is selling its banking operations in Belgium as part
of a refocus on its core activities, Belgian business dailies
L'Echo and De Tijd said on Friday.
Credit Agricole, France's third largest bank, and its
regional affiliates are divesting their 50 percent stake worth
an estimated 350-400 million euros in Crelan, the group
controlling Europabank, Crelan Insurance and Keytrade Bank in
The remaining 50 percent of Crelan, Belgium's seventh
largest banking group, is in the hands of a Belgian consortium,
including agricultural cooperatives.
Neither Credit Agricole, which built up its presence in
2003, nor Crelan had any immediate comment.
L'Echo and De Tijd said it was not clear who had bought
Credit Agricole's stake.
Crelan has some 1.2 million customers, over 900 branches and
about 19 billion euros of deposits.
(Reporting By Philip Blenkinsop in Brussels and Dominique
Vidalon in Paris; editing by Keiron Henderson)