Victor Van Hoegaerden
Encyclopedia
Victor Van Hoegaerden was a Belgian
businessman and governor of the National Bank of Belgium
(NBB) from 1891 until 1905.
s in Ohain
, Lokeren, Tubize
, Zele
and Ghent
. The mills of Tubize, Zele and Ghent would, years later, grow into the Usines Cotonnières de Belgique. From the establishment of the Caisse Générale d'Épargne et de Retraite in 1865, he became a member of its management board and became its president in 1889.
In 1869 he was appointed to the discount committee of the NBB, and a year later he became a director. He succeeded Eugène Anspach
as vice-governor of the NBB in 1888 and as governor in 1891. His term as governor of the NBB coincided with an economic revival after the economic depression which had lasted from 1873 until 1895.
Under his leadership the Public Depository as a new department was established at the bank. From now on people could deposit all sorts of valuables or securities, and the bank would took charge of the deposits. On 26 March 1900 the law came into force which for the second time extended the term of the Bank by thirty years.
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...
businessman and governor of the National Bank of Belgium
National Bank of Belgium
The National Bank of Belgium has been the central bank of Belgium since 1850...
(NBB) from 1891 until 1905.
Career
He started his career as a businessman establishing weaving millWeaving
Weaving is a method of fabric production in which two distinct sets of yarns or threads are interlaced at right angles to form a fabric or cloth. The other methods are knitting, lace making and felting. The longitudinal threads are called the warp and the lateral threads are the weft or filling...
s in Ohain
Ohain
Ohain may refer to:* Ohain, Belgium* Ohain, Nord, France* Hans von Ohain, one of the inventors of the jet engine...
, Lokeren, Tubize
Tubize
Tubize is a Walloon municipality located in the Belgian province of Walloon Brabant. On January 1 2006 Tubize had a total population of 22,335. The total area is 32.66 km² which gives a population density of 684 inhabitants per km²....
, Zele
Zele
Zele is a municipality located in the Belgian province of East Flanders. The municipality only comprises the town of Zele proper. On January 1, 2006 Zele had a total population of 20,371...
and Ghent
Ghent
Ghent is a city and a municipality located in the Flemish region of Belgium. It is the capital and biggest city of the East Flanders province. The city started as a settlement at the confluence of the Rivers Scheldt and Lys and in the Middle Ages became one of the largest and richest cities of...
. The mills of Tubize, Zele and Ghent would, years later, grow into the Usines Cotonnières de Belgique. From the establishment of the Caisse Générale d'Épargne et de Retraite in 1865, he became a member of its management board and became its president in 1889.
In 1869 he was appointed to the discount committee of the NBB, and a year later he became a director. He succeeded Eugène Anspach
Eugène Anspach
Eugène Guillaume Anspach was a Belgian lawyer, civil servant, and former governor of the National Bank of Belgium from 1888 until 1890. Born in Brussels, he was a convinced protestant.-Career:...
as vice-governor of the NBB in 1888 and as governor in 1891. His term as governor of the NBB coincided with an economic revival after the economic depression which had lasted from 1873 until 1895.
Under his leadership the Public Depository as a new department was established at the bank. From now on people could deposit all sorts of valuables or securities, and the bank would took charge of the deposits. On 26 March 1900 the law came into force which for the second time extended the term of the Bank by thirty years.