Organization

CEC Belgium

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The CEC is a non-profit association presided over by the Chairman of the Board of Directors.  The Board of Directors is made up of representatives of the leading banks operating in Belgium, bpost and the Belgian Bankers' Association (FEBELFIN). CEC members include credit institutions established under both Belgian law and foreign law, and bpost. The CEC concluded a contract assigning responsibility for the management of its operations to STET, which makes computers and staff available on its premises.

National Bank of Belgium will be the settlement agent for the new CSM (Clearing and Settlement Mechanism) and will be in charge of oversight on its activities and functioning.

Articles of the association

The CEC articles of association stipulate that any credit institution operating in Belgium is eligible for membership of the CEC, subject to compliance with certain technical and legal criteria. Credit institutions may also opt for sub-member status and arrange to be represented by another bank which is a direct member. Roughly one fifth of the hundred or so banks active in Belgium, incorporated under either Belgian or foreign law, are direct members of the CEC.

Members

  • Argenta Spaarbank / Argenta Banque d'Epargne
  • AXA Bank Europe / AXA Banque Europe
  • Bank J. Van Breda & C°/ Banque J. Van Breda & C°
  • Belfius Bank / Belfius Banque
  • BNP Paribas Fortis
  • bpost
  • bpost bank
  • CPH Bank / Banque CPH
  • Crelan
  • Bank Nagelmackers
  • ING Belgium
  • KBC Bank / KBC Banque
  • VDK Spaarbank

Membership

Annual reports