Monthly Archives September 2017

S&P confirms the A-/A-2 rating of Argenta Spaarbank and upgrades the outlook to positive

The American Rating Agency Standard & Poor’s (S&P) confirms the rating of Argenta Spaarbank of A-/A-2 and upgrades the outlook from stable to positive. S&P regularly assesses financial institutions based on their ability to meet their obligations in the short and long term. The rating is based on criteria such as solvency, liquidity, business position, risk profile and creditworthiness.
Read More

Healthy financial performance 1H 2017 with pressure on banking net interest income partially compensated by strong performance in the Insurance business

Argenta continues its strategy of supporting families and households in maintaining financially healthy lives resulting in unique client loyalty and a strong brand. At group level the net profit for the first half of 2017 reached 109 million euros, compared to 119 million euros in the first half-year of 2016. Client funds under management (banking and insurance combined) grew by 3 % to 43.6 billion euros.
Read More