Société Belge de Banque established the Comptoir Diamantaire Anversois in 1934, in partnership with Banque Transatlantique, Société Internationale Forestière et Minière du Congo (Forminière ), and the De Beers Group. The company was the first financial institution to focus solely and entirely on the needs of the diamond industry; it opened its registered office in the very heart of Antwerp's diamond district.
In 1937, Belgium passed bank reform legislation that allowed the Comptoir Diamantaire Anversois to become a bank. At this point the Comptoir changed its name to Antwerp Diamond Bank (ADB) . It also took the opportunity to double its equity base to BEF60 million (approximately 1.5 million euros) by bringing in Kredietbank and Compagnie Financière et Industrielle (Confindus)-Banque de Bruxelles as shareholders. In 1999, KBC Bank acquired the shares in ADB that Generale Bank (which had merged with Société Belge de Banque in 1965), and Banque Bruxelles Lambert (the result of the…
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