AXA Bank Belgium

AXA Bank Belgium
Type Bank
Legal status N.V. / S.A.
Headquarters AXA Bank Belgium
Location
  • Troonplein / Place du Trone, 1 1000 Brussels - Belgium
Key people
 Jef Van In (President of the Board of Directors), Peter Devlies (Chief Executive Officer and Executive member of the Board of Directors)[1]
Website

AXA Bank Belgium, located in Brussels, is AXA Group’s banking arm that provides retail banking to individuals and small companies in Belgium. The bank works in close cooperation with AXA’s local insurance company to complement their financial product offering with a range of retail banking products and services.[2][3]

History

In June 2007, AXA Group’s Management Board decided to adopt a common European banking strategy. The deployment of this strategy led to the creation in Brussels of a European Banking Head-office: AXA Bank Europe,[4] using the former AXA Bank Belgium’s legal structure. In 2008, AXA Life Europe Hedging Services joined AXA Bank Europe to provide financial engineering competencies to insurance companies of the Group and AXA Bank Europe. In 2009, the Hungarian Ella Bank becomes a branch of AXA Bank Europe. The same year, a branch is launched in Switzerland and one year later, in Czech Republic. In 2011, a branch is launched in Slovakia. As of January 1, 2012, activities in Switzerland have been transferred to ZweiPlus Bank.

In 2014, a transformation plan was launched to re-focus on the Belgian retail market. Since summer 2015 all teams of AXA Bank Europe are working from the former Anhyp building in Berchem, Antwerp (Grotesteenweg 214).

In June 2017, AXA Bank Europe changed its name back to AXA Bank Belgium.[5]

Governance

AXA Bank Belgium's strategic decisions are taken by its Board of Directors, headed by Jef Van In and managed through its Management Board, headed by Peter Devlies. [1][6]

AXA’s banking presence across Europe

Belgium

AXA Bank in Belgium offers banking products and services to retail and small business customers, serviced through a network of independent bank agents.[3][2]

Hungary (past)

AXA Bank in Hungary focused on mortgage lending since July 2009. Products were marketed through nationwide mortgage centers, 300 tied insurance agents and over the internet. Since January 1st 2012, Hungarian commercial activities had been put in run-off.

In February 2016, AXA announced that it had entered into an agreement with OTP Bank Plc to sell its Hungarian banking operations.[7]

France and Germany

AXA Group also owns banking activities in France (AXA Banque France) and in Germany (AXA Bank AG). Those two entities are not part of AXA Bank Belgium's legal structure, even though they have developed some operational links and synergies, notably in sharing banking know-how.

See also

References

  1. 1 2 "Board of Directors". Axabank.be. Retrieved 31 July 2018.
  2. 1 2 "Over AXA Bank". Axabank.be. Retrieved 31 July 2018.
  3. 1 2 "Bedrijfspresentatie". Axabank.be. Retrieved 31 July 2018.
  4. ↑ "Wayback Machine". Web.archive.org. 25 April 2009. Retrieved 31 July 2018.
  5. ↑ "AXA verandert van adres". Tijd.be. 10 May 2017. Retrieved 31 July 2018.
  6. ↑ "Corporate Governance - AXA Bank". Axabank.be. Retrieved 31 July 2018.
  7. ↑ "AXA - AXA to sell its Hungarian banking operations". Axa.com.
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