Landbouwkrediet or Crédit Agricole (French

French language

French is a Romance language spoken as a first language in France, the Romandy region in Switzerland, Wallonia and Brussels in Belgium, Monaco, the regions of Quebec and Acadia in Canada, and by various communities elsewhere. Second-language speakers of French are distributed throughout many parts...

 name) is a 70 year old Belgian

Belgium

Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...

 bank with roots in agriculture

Agriculture

Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...

.

Its retail banking

Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

 and commercial enterprises have grown to almost equal its agricultural interests. In 2006, the bank reported a growth rate of 49% according to International Financial Reporting Standards

International Financial Reporting Standards

International Financial Reporting Standards are principles-based standards, interpretations and the framework adopted by the International Accounting Standards Board ....

 (IFRS) with a net result of €52 million. In recent years it acquired Europabank and Keytrade Bank

Keytrade Bank

Keytrade Bank, Belgium’s first online investment site, is a financial services company based in Belgium with a subsidiary in Luxembourg.- History :...

. Landbouwkrediet was officially recognized as a bank insurance company in 2007, further strengthening its market position. It now has 1,700 employees, 280 branches, and 430,000 customers.

The bank have been sponsoring a professional cycling team

Cycling team

A cycling team is a group of cyclists who join a team or are acquired and train together to compete in bicycle races whether recreational or professional - and the supporting personnel...

with the same name, , since 2001.