Argenta Half Year results 2019 conference call

On Friday 30 August 2019, Argenta Spaarbank will publish its half year results 2019. We kindly invite you to join the investor and analyst call at 11:00 (CEST) on the same day.   During the call, Mr. Geert Ameloot (CFO) and Mr. Chris Lambrechts (director Financial Management) will give a brief introduction to the half year results 2019. The introduction will be followed by a questions-and-answers session.   Dial-in data call: Time: Friday 30 August 2019 at 11:00 (CEST) Telephone number: + 32 2 403 58 16 Conference code: 89223843#   Click here for the audio webcast (webcast code 3008).   Attachments Invitation 1H2019 results - pdf website (115 kB)
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S&P confirms the Argenta Spaarbank’s A–/A-2 rating

Standard & Poor’s confirms the long term A- and short term A-2 rating of Argenta Spaarbank on the back of solid credit worthines, a strong capitalization and decent profitability despite strong competition and the continued low interest environment. In 2017 S&P upgraded the outlook for Argenta to positive based on the overall positive development of the Dutch economy and the potential positive impact on the environment in which Argenta Spaarbank operates in the Netherlands. Argenta Spaarbank is an important participant in the Dutch mortgage market and has a mortgage portfolio of 17,6 billion Euros at the end of 2018. On June 27th, Standard & Poor’s has however revised its outlook for the Dutch economy from positive to stable based on remaining economic imbalances in the country because of dynamic property price rises in the Netherlands over the past two years, and the high level of private sector indebtedness, on a gross basis, which constrains the structural ability of the very open Dutch economy to easily withstand potential external shocks (see attached S&P rating report for more details). As a consequence, S&P also revises Argenta Spaarbank’s rating outlook from positive to stable. Geert Ameloot, Argenta’s CFO comments: “The Dutch economy has progressed well over the past years, and Argenta has continued to thrive well in this environment, serving its customers in the Netherlands with fairly priced mortgages and savings accounts, while remaining a conservative credit underwriter. The revised outlook by S&P does not change our strategy.” Attachments S&P Report (122 kB)
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Argenta holds its Annual General Meeting

At today’s General Meeting, Argenta’s Annual Reports (2018) were approved.  At this meeting a new Chairman of the Board of Directors was appointed. After 10 years, Jan Cerfontaine passes on his mandate to Marc van Heel.  Furthermore, Emiel Walkiers retires from his position at the Board, he will be succeeded by Anne Leclerq. More information is available in the following press releases: Press release about chairmanship Press release about appointment of Anne Leclercq
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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
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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
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Argenta and Degroof Petercam Asset Management set up joint venture Arvestar

Argenta and Degroof Petercam Asset Management set up joint venture ARVESTAR Argenta and Degroof Petercam Asset Management (DPAM) continue their collaboration through the establishment of the management company Arvestar Asset Management (Arvestar). Arvestar’s share capital is held by Argenta Asset Management and DPAM to the tune of 74.99% and 25.01% respectively. Argenta has entrusted the management of its pension saving funds to DPAM since 1999. These funds are very successful, both commercially and in terms of performance. This is demonstrated by their collective assets under management, which amounted to EUR 1.611 billion as at 31 October 2018. Currently, 182,494 Argenta clients are building up their complementary pension capital through these pension saving funds.
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Argenta 1H 2018 Results conference call

On Wednesday 29 August 2018, Argenta Spaarbank will publish its half year Results 2018. We kindly invite you to join the investor and analyst call at 11:00 (CEST) on the same day. During the call, Mr. Geert Ameloot (CFO) and Mr. Chris Lambrechts (director Financial Management) will give a brief introduction to the half year results 2018. The introduction will be followed by a questions-and-answers session. 
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