Monthly Archives March 2019

Argenta continues to build its sustainable, customer-focused future

Today, the Executive Committee of Argenta Bank- en Verzekeringsgroep nv presented the group’s annual results. Argenta Bank- en Verzekeringsgroep achieved a satisfactory result in 2018, against a background of continuing low interest rates and major corporate investments. Production of home loans for Belgian and Dutch families rose to just under 5 billion euros. Funds raised via current and savings accounts also increased. Net profit at Group level (IFRS) reduced from EUR 193.4 million to EUR 174.4 million. Despite the low interest rate environment, interest income increased by EUR 33 million. Non-interest (fee) income from the sale of investment funds and branch 23 investment insurance also grew, despite the less favourable investment climate due to economic and geopolitical uncertainties. At the same time, Argenta invested heavily in IT infrastructure, digitization and consultancy, which increased both investment and operating costs. Despite these investments, the cost-income ratio remains under control at 63.7%. Excluding the bank levy, the cost-income ratio is 51.8 %. Regulatory core equity grew by 3% in 2018 from EUR 1,858 million to EUR 2,026 million. The Common Equity Tier 1 ratio (CRR scope, Danish Compromise) fell from 25.2% to 23.0% (Basel III) but still remains well above the SREP requirement of 9.75%. The net result at Argenta Spaarbank was EUR 130,0 million, which is somewhat lower than in 2017. The Bank Pool’s liquidity and capital ratios remain excellent and among the strongest in Europe. Figures published by the European Banking Authority (EBA) tell us that Argenta Spaarbank is Belgium’s best capitalized retail bank.  In 2018, rating agency Standard & Poor’s maintained Argenta’s A- rating with positive outlook. Argenta Assuranties achieved a net result of EUR 52.5 million (BGAAP), following on the exceptionally strong result of EUR 72.6 million in 2017. This is a solid result, with the insurer remaining an
Read More

Argenta Full Year results 2018 conference call

On Thursday 28 March 2019, Argenta Spaarbank will publish its full year results 2018. We kindly invite you to join the investor and analyst call the day after, on Friday 29 March 2019 at 11:00 (CET).   During the call, Mr. Geert Ameloot (CFO) and Mr. Chris Lambrechts (director Financial Management) will give a brief introduction to the full year results 2018. The introduction will be followed by a questions-and-answers session.   Dial-in data call: Time: 11:00 (CET) Telephone number: + 32 2 402 96 40 Conference code: 95398514#   Click here for the audio webcast (webcast code 2903).   Invitation 2H2018 results
Read More