Successful securitization by Argenta Spaarbank – Green Apple 2017-I-NHG

Over the past ten years, Argenta has grown strongly thanks to and for its customers. Thanks to its customers because they have entrusted their savings to us more than ever and in difficult market conditions. And for its customers because Argenta has invested these savings increasingly in home loans for them. In this way, since 2009, home loan outstandings have grown by an average 8% a year, from 15 to more than 25 billion euros. With demand for home loans currently outstripping the growth in savings, Argenta Spaarbank has issued a securitization transaction, the Green Apple 2017-I-NHG.
Read More

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

Geert Van Hove appointed new CIO of Argenta

The Board of Directors of Argenta has appointed Geert Van Hove as a director and as a member of the Executive Committees of Argenta Spaarbank and Argenta Assuranties, subject to approval by the regulator. As Chief Information & Digital Officer, he will be responsible for the group’s IT infrastructure, architecture and applications, as well as their functioning and security. This mission includes creating a unifying digital vision for the Group and coordinating all digital activities. He initiates the appropriate level of digital technological synergies, coordinates investments and drive the development of digital skills and innovation.
Read More

Argenta continues to build its future with rock-solid 2016 earnings and a new Executive Committee

2016 was another successful year for Argenta Bank en Verzekeringsgroep (hereafter “Argenta”). In 2016, Argenta celebrated its 60th birthday, continuing, with ever-increasing vigour as it has for the past 60 years, its mission of assisting families and individuals to live financially healthy lives. In so doing, Argenta remains true to its strong cultural values of openness to the future, simplicity, approachability, pragmatism and independence. Argenta’s strategy remains focused on building long-term relationships with its customers. Central to this are customer satisfaction, physical proximity, personal advice, and providing quality banking and insurance products and services for individuals and families in Belgium and the Netherlands.
Read More

Argenta’s 2016 SREP Overall Capital Requirement

Argenta has been notified of the European Central Bank’s decision on the 2016 Supervisory Review and Evaluation Process (SREP), leading to a fully loaded overall capital requirement of 9.75% common equity tier 1 ratio (CET 1) and 13.25% total capital ratio (TCR) for Argenta Spaarbank. This includes a pillar 2 requirement (P2R) of 2.0% CET 1, but excludes the non-mandatory pillar 2 guidance (P2G) which is not disclosed. On 30 June 2016, Argenta Spaarbanks fully loaded CET1 (without taking into account the basel floor) stood at 24.8%, well in excess of the regulatory requirement.
Read More

Ann Brands becomes Argenta’s new COO

The Board of Directors of Argenta is nominating Ann Brands as director and member of the Executive Committees of Argenta Spaarbank and Argenta Assuranties. As COO she will be responsible for operational management and Client services. She succeeds Anne Coppens who has been COO since the end of 2014, but who has also been responsible for the commercial management of Argenta’s office network as CCO, since the start of 2016.
Read More

Strong 1H 2016 performance in low interest environment

With a strong first-half performance, Argenta Spaarbank continues to consolidate its strategic position, and to support families and households in maintaining financially healthy lives. In the six months to 30 June 2016, our client base grew further with client funds under management up 3 % to 36.7 billion euros. Lending volumes grew significantly, while maintaining strong lending discipline. The net profit for the first half of 2016 reached 97.0 million euros, compared to 93.7 million euros in 1H 2015, against an economic background of persisting low interest rates, economic and political uncertainty in Europe and intensive regulatory supervision. Our result was driven by stable income from our core retail banking activities, despite accelerated operating investments and high bank levies. Our liquidity position remains strong, with our capital base also strengthened by the successful issuance of a 500 million euros Tier 2 benchmark transaction in the second quarter of 2016.
Read More

Marc Lauwers named Argenta’s new CEO

Argenta’s Board of Directors nominates Marc Lauwers as director and chairman of the Executive Committee of Argenta Bank- en Verzekeringsgroep, Argenta Spaarbank and Argenta Assuranties. He succeeds John Heller who left Argenta end of April 2016. Marc Lauwers can pride himself on a rich and impressive career in the financial industry. For over 25 years, he was active at Bacob, Artesia, Dexia and Belfius, in very diverse positions. In 2006, he became a member of Belfius’ Board of Directors and was vice president of that board up to 2013, responsible for retail and commercial banking.
Read More