BPCE, the second-largest banking group in France, is making a major move in Belgium’s private banking sector with the acquisition of Nagelmackers, Belgium’s oldest bank, from China’s Dajia Insurance Group.
Founded in 1747, Nagelmackers has a strong reputation in personal and private banking, serving approximately 110,000 clients through 50 branches across Belgium. It offers a full set of banking and asset management products and services to its mainly retail 110,000 end customers.
