Crelan and Axa – Finance deposits grew by more than 5%

Unpaid deposits of Crelan customers amounted to 41.4 billion euros at the end of December, which is 5.7% more than at the end of 2020, said the bank, which was joined on Monday, December 31, Axa Banque Belgique. The integration of the two banks is scheduled for spring 2024.

In detail, Crelan represents an increase of 1.09 billion euros (+ 5.6%), Axa – 1 billion euros (+ 5.5%) and Europabank 139.45 million euros (+ 9.8%). The number of current accounts in Crelan increased by 4.3%, in Axa – by 2.2%.

Like others in the banking sector, Krelan notes this the health crisis has accelerated the use of electronic means. “The strongest evolution is observed in mobile applications. In Crelan, the number of mobile subscriptions increased by 13.6% and reached 360,132 subscriptions, and since May 2021, the mobile application has taken the lead in the number of transfers. done. “

The savings account remains a reliable betdespite low interest rates. At the group level, outstanding savings accounts increased by € 1.4 billion to € 29.73 billion (+ 4.9%).

This does not prevent many clients, depending on their risk profile, from switching to off-balance sheet products (funds, Sicavs) in order to diversify their investments. “This trend has been manifesting for years and is becoming more pronounced every year. The total gross output of off-balance sheet products in the group is 2.98 billion euros (+ 24%).

“And in Krelan, and in AXA Bank Belgium’s sales increased sharply. Mixed funds and equity funds were especially popular. Sustainability-oriented investments (global environment, climate action, water, sustainable value, etc.) have been well received. ”

The group’s loan portfolio is estimated at 43.04 billion euros (+ 6.7%), which consists of 84% of loans to individuals and 16% of loans to professionals, including a large share of farmers and gardeners.

Excluding exceptional items (sale of Crelan Insurance and acquisition of Axa), net income increased from € 49.41 million in 2020 to € 66.31 million in 2021, up 34.2%.

At the end of 2021, the CrelanCo cooperative had 274,003 co-operatives, with a registered capital of € 895 million. The total amount of dividends paid was 26.6 million euros.

In detail, Crelan represents an increase of 1.09 billion euros (+ 5.6%), Axa – 1 billion euros (+ 5.5%) and Europabank 139.45 million euros (+ 9.8%). The number of current accounts in Crelan increased by 4.3%, in Axa – by 2.2%. Like other participants in the banking sector, Krelan notes that the health crisis has accelerated the use of electronic tools. “The strongest evolution is observed in mobile applications. In Crelan, the number of mobile subscriptions increased by 13.6% and reached 360,132 subscriptions, and for the first time since May 2021, the mobile application took the lead in the number of transfers. The savings account remains a reliable rate despite low interest rates. At the group level, outstanding savings accounts rose by € 1.4 billion to € 29.73 billion (+ 4.9%). This does not deter many customers, depending on from their risk profile, to switch to off-balance sheet products (funds, Sicavs) in order to diversify their investments. “This trend is manifested over the years and is becoming more pronounced every year. “Both Crelan and AXA Bank Belgium have increased sales significantly. Mixed funds (profiles) and equity funds have become particularly popular. Sustainable investments (global environment, climate action, water, stable value, etc.) have been The loan portfolio of the group is estimated at 43.04 billion euros (+ 6.7%), which consists of 84% of loans to individuals and 16% of loans to professionals, including a large share of farmers and gardeners. At the end of 2021, CrelanCo had 274,003 members in net profit (sales of Crelan Insurance and acquisition of Axa). authorized capital. 895 million euros. The total amount of dividends paid was 26.6 million euros.

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