Legal status N.V. / S.A. Website www.axabankeurope.com Type of business Bank | Headquarters AXA Bank Europe CEO Jef Van In (Jan 2011–) | |
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Location Vorstlaan / Boulevard du Souverain, 25 1170 Brussels - Belgium Key people Jacques de Vaucleroy (President of the Board of Directors), Jef Van In (Chief Executive Officer and Executive member of the Board of Directors) | ||
AXA Bank Europe, located in Brussels, is AXA Group’s banking arm that provides retail banking solutions to individuals and small companies in Europe. It works in close cooperation with AXA’s local insurance companies to complement their financial product offering with a range of retail banking products and services.
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History
In June 2007, AXA Group’s Management Board decided to adopt a common European banking strategy. The deployment of this strategy led to the creation in Brussels of a European Banking Head-office: 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 insurance companies of the Group and AXA Bank Europe. In 2009, the Hungarian Ella Bank becomes a branch of AXA Bank Europe. The same year, a branch is launched in Switzerland and one year later, in Czech Republic. In 2011, a branch is launched in Slovakia. As of January 1, 2012, activities in Switzerland have been transferred to ZweiPlus Bank. In 2014, a transformation plan was launched to re-focus on the Belgian retail market. Since summer 2015 all teams of AXA Bank Europe are working from the former Anhyp building in Berchem, Antwerp (Grotesteenweg 214).
Governance
AXA Bank Europe’s strategic decisions are taken by its Board of Directors, headed by Jacques de Vaucleroy and managed through its Management Board, headed by Jef Van In. With Céline Dupont entering the Executive Committee (Management Board) of the bank in April 2015 as Head of Products & Operations, AXA Bank Europe now is the only Belgian bank with a gender equal executive committee (50/50).
Belgium
AXA Bank in Belgium offers a full range of banking products and services to retail and small business customers, serviced through 920 tied but independent bank agents.
Hungary
AXA Bank in Hungary focuses on mortgage lending and since July 2009, also offers a high yield savings account. Products are marketed through nationwide mortgage centers, 300 tied insurance agents and over the internet. Headquarters of AXA Bank Hungary lies at Váci Avenue, Budapest, Hungary. Since January 1st 2012, Hungarian commercial activities have been put in run-off.
In February 2016 AXA announced that it has entered into an agreement with OTP Bank Plc to sell its Hungarian banking operations till the end of 2016.[1]
France and Germany
Beside those entities making part of AXA Bank Europe’s legal structure, AXA Group also owns banking activities in France (AXA Banque France) and in Germany (AXA Bank AG). With those entities, AXA Bank Europe has developed operational links and synergies, notably in sharing banking know-how.