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In the first half of 2024 the Argenta Group realised a net profit of 160 million euros with a return on equity of 8.7%.

On Thursday 29 August 2024, Argenta Spaarbank will publish its half year results 2024. We kindly invite you to join the investor and analyst call at 2.30 p.m. (CEST) on the same day.

The Argenta Group performed well again in 2023, achieving a group profit of EUR 310 million, a ROE of 9.6%1, a CET1 of 22.4% and a cost-income ratio of 54%. The funds under management passed the EUR 60 billion barrier and EUR 4.2 billion in new mortgage loans were granted in Belgium and the Netherlands, despite the dip in market volumes due to the sharp rise in interest rates. This means that Argenta has held its position in the mortgage markets. Argenta increased its share in the Belgian deposits market from 8.5% to 9.2%.

Against a background of persistently high inflation in the eurozone, rising short-term interest rates and volatile financial markets, Argenta posted solid results in the first half of 2023.

With a group profit of 238 million euros, an ROE of 7.2%, a CET 1 of 22% and a cost-income ratio of 59.4%, Argenta has once again earned a very solid result in 2022. 7.2 billion euros in new mortgage loans were granted in Belgium and the Netherlands. The savings grew by 1.6 billion euros.

Argenta issued a green senior non-preferred bond as part of the Green Bond Framework within its European Medium Term Note program. It is Argenta's second green issue aimed at professional investors.

S&P upgrades the Argenta Spaarbank rating to ‘A/A-1’ from ‘A-/A-2’.

Argenta today successfully launched its third issue of EUR 500 million Belgian covered bonds under its covered bond issuance program.

The Boards of Directors of Argenta Bank- en Verzekeringsgroep, Argenta Spaarbank and Argenta Assuranties have unanimously appointed Peter Devlies as the next CEO of Argenta. This appointment is subject to regulatory approval.

Argenta achieved attractive commercial results in the first half of 2022, even if the financial results are down owing to the impact of the financial market volatility.

In 2021, Argenta celebrated its 65th birthday. A brilliant anniversary year that Argenta crowned with attractive commercial and financial results: a group profit of 268 million euros, an ROE of 8.6%, a CET-1 of 21.6% and a cost-income ratio of 55.6%. New mortgage loans totalling 7.3 billion euros were granted in Belgium and the Netherlands. Funds under management rose to 57.6 billion euros.

Argenta today successfully launched its third issue of EUR 500 million Belgian covered bonds under its covered bond issuance program. Due to rising market interest rates, the 7-year term is significantly shorter than the 10-year and 20-year transactions of 2021. The bonds are rated AAA by Standard & Poor's.

Argenta issued a green senior non-preferred bond as part of the Green Bond Framework within its European Medium Term Note program. It is Argenta's first green issue aimed at professional investors.

S&P confirms the Argenta Spaarbank A-/A-2 rating, keeping the outlook Stable. The rating update applies the new S&P methodology presented on December 9, 2021.

Today, Argenta successfully launched its second benchmark covered bond within one year, as part of its Mortgage Pandbrieven program. In contrast to the first issuance at the beginning of this year, the tenor is 20 years instead of 10 years.

Argenta posts, for the first half of 2021, a consolidated net profit at group level of 143 million euros, as against 94 million euros for the first six months of 2020.

In the recent stress tests of the ECB, the Argenta CET 1 core capital ratio amounts to 18.0%. This means that Argenta, even under severe stress, remains well above the required minimum limit of 10.6% for core capital and would position itself at the top of the best capitalized European banks even in very unfavorable economic conditions.

For the continuous financing of its mortgage activities, Argenta raised EUR 650 million yesterday through the issuance of a new securitisation transaction, Green Apple 2021-I. It is the fourth securitisation after issues in 2017, 2018 and 2019.

On 23 April 2021 Argenta Spaarbank published its call notice on the early redemption of EUR 500m Tier 2 Subordinated debt.

On 18 April 1956, Karel Van Rompuy founded Argenta with a starting capital of 25,000 euros. 65 years on, Argenta manages 52 billion euros of customer funds, earns a net profit of 219 million euros, achieves a return on equity of 7.6 % and a cost-income ratio of 59 %, and presents excellent capital ratios and liquidity buffers.

Argenta is partnering with Cake to allow Argenta customers to enjoy the Cake cashbacks without having to install the Cake banking app. Starting this summer, Argenta customers who choose this option will receive small automatic refunds when they purchase from Cake's commercial partners. This is a nice extra service for Argenta's price-conscious customers.

S&P confirms the Argenta Spaarbank A-/A-2 rating, keeping the outlook Stable. The report focuses on the strong capitalisation and the low credit profile, also mentioning the high level of bail-in-able debt. Additionally, Argenta is encouraged to continue its diversification of income and risk exposures.

Today, Argenta successfully launched a first issuance of 500 million euros in Belgian covered bonds or mortgage bonds as part of its new “covered bond” issuance program. These are bonds of which repayment is not only guaranteed by Argenta, but also by an underlying portfolio of Belgian home loans that Argenta has provided to borrowers.

The reason for the stable outlook is the issue by Argenta of a senior non-preferred issue on 13 October 2020.

During the first half of 2020, the worldwide corona pandemic created a major upheaval of unprecedented speed and proportions in social and economic environments. Even in those circumstances, Argenta continued to guarantee personal and close-to-the-customer service. Almost all head office employees have been working from home since 16.03.2020; while Argenta branches have remained open throughout for customers by appointment. On top of this, Argenta regularly updates customers on how corona is impacting their investments. This instils a sense of confidence: with an increase of 3 billion euros, funds under management at Argenta have passed the 50 billion euros mark for the first time. The growth in savings and current accounts is accompanied by strong growth in Argenta investment funds and investment insurance policies.

Following the COVID-19 pandemic and its consequent risks for banks, S&P took some rating actions. S&P confirms the Argenta Spaarbank A-/A-2 rating, but changes the rating outlook to negative from stable.

In 2019 Argenta once again posted a strong financial performance, with attractive growth in all segments, a net profit of EUR 174.1 million, a return on equity of 6.5%, a cost/income ratio of 64.1% and excellent capital ratios and liquidity buffers despite the challenging low interest rate environment.

As part of its European medium term note (EMTN) program, Argenta has issued today a senior non-preferred bond for professional investors. A total of € 500 million was placed with investors from the Benelux, France, the United Kingdom, Germany, Austria, Switzerland and Scandinavia. The issue has a maturity of 7 years and a coupon of 1 % at an issue price of 99.53 %, which yields a return of 1.07% for investors.

Argenta Assuranties N.V. in the Netherlands (Argenta) and Waard Leven N.V. (Waard) have reached agreement for Waard to take over Argenta's run-off portfolio of Dutch life insurance products. For the holders of the existing 44,000 life insurance policies, the policies and policy conditions remain unchanged.

Argenta confirms its strong position in the Belgian banking and insurance landscape and on the Dutch mortgage market by again presenting healthy growth figures in the first half of 2019.

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.

Recently, S&P has confirmed the A-rating with positive outlook for Argenta Spaarbank.

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.

Today, the Executive Committee of Argenta Bank- en Verzekeringsgroep nv presented the group’s annual results.

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).

Argenta continuously strengthens its foundations in order to improve customer’s service, and this increasingly in a digital way. The first half of 2018 was marked by the launch of our new banking platform which will now allow us to accelerate further enhancements to our digital offering.

Argenta Spaarbank has issued a securitization transaction, the Green Apple 2018-I-NHG in order to further support and facilitate the growing demand for home loans. The transaction, together with the Green Apple securitization of October 2017, provides additional funding to our retail finance model.

Today, the Executive Committee of Argenta Bank- en Verzekeringsgroep nv presented the group’s annual results. In 2017, Argenta strengthened its foundations so as to be able to serve its customers even better, and increasingly in digitally mode. Despite the low interest rate environment, rising costs and investments, Argenta does not pass these costs on to its customers, but opts resolutely for long-term growth.

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.

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.

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.

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.

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.

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.

Argenta Spaarbank nv hereby gives notice that we will redeem the Tier 1 notes (ISIN BE0932117444), issued on the 31 October 2006, in full on the first call date, being 31 October 2016, in accordance with the respective terms and conditions of the notes.

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.

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.

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.

After the release of its excellent 2015 results and in a moment of good market sentiment, Argenta Spaarbank nv (“Argenta”) launched today its first subordinated benchmark issue.