Axa Bank Belgium, located in Antwerp Belgium. Axa Group’s banking arm provides retail banking to individuals, and small companies in Belgium. The bank cooperates with Axa’s local insurance company.

History

In June 2007, Axa Group’s management board decided to adopt a common European banking strategy. This led to the creation of a European banking head-office in Brussels, Axa Bank Europe, 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 the insurance companies of the group and Axa Bank Europe. In 2009, the Hungarian Ella Bank became a branch of AXA Bank Europe. The same year, a branch was launched in Switzerland and one year later, in the Czech Republic. Another branch was launched in Slovakia in 2011. In 2014, a transformation plan was launched to re-focus on the Belgian retail market. Since summer 2015, all teams from Axa Bank Europe have been 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. In October 2019, the Axa Group sold Axa Bank Belgium to Crelan for €620 million (US$688.51 million). On January 1 2021, activities in Switzerland were transferred to ZweiPlus Bank.

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.

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.

Hungary (past)

Axa Bank in Hungary focused on mortgage lending from July 2009. Products were marketed through nationwide mortgage centers, 300 tied insurance agents and over the Internet. Since January 1, 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 OTP Bank Group is the largest commercial bank of Hungary and one of the largest independent financial service providers in Central and Eastern Europe and with banking services for private individuals and corporate clients. The OTP Group comprise ...

to sell its Hungarian banking operations.

France and Germany

Axa Group owns banking activities in France (Axa Banque France) and in Germany (Axa Bank AG). These two entities are not part of Axa Bank Belgium's legal structure, but have developed some operational links.

References

{{DEFAULTSORT:Axa Axa Banks of Belgium Banks with year of establishment missing Banks under direct supervision of the European Central Bank