AXA Bank Europe - AbsoluteAstronomy.com

AXA Bank Europe, located in Brussels, is AXA

AXA

AXA S.A. is a French global insurance group headquartered in the 8th arrondissement of Paris. AXA is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. The AXA group of companies engage in life, health and other forms of...

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.

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.

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.

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. Haeadquarters of AXA Bank Hungary lies at Váci Avenue, Budapest, Hungary.

Switzerland

AXA Bank in Switzerland proposes 2 high yield savings products and 1 investment product designed to maximize the tax advantages for customers’ pensions. Those products are marketed via the AXA Winterthur tied agents’ network and the internet.

Czech Republic

AXA Bank in the Czech Republic offers a high yield savings account, distributed through the existing AXA network of agents and brokers, via call center and internet.

Slovakia

AXA Bank in Slovakia offers a high yield savings account, distributed through the existing AXA network of agents and brokers, via call center and internet.

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.