Achmea Bank is part of Achmea, the largest insurance company in the Netherlands, with a cooperative background. We offer savings and mortgage products through the Centraal Beheer and Woonfonds brands.
13-08-2021
The operating profit increased from EUR 26 million in the first half-year of 2020 to EUR 33 million in the first half-year of 2021.
The interest margin in 2021 decreased by EUR 9 million. The net impact of lower funding costs and lower gross margin on the mortgage portfolio resulted in a decrease of the interest margin by EUR 7 million. Both the mortgage production and the margins on new production decreased compared to last year as a consequence of increased competition and appetite for mortgages by non-banks. The mortgage production for its own balance sheet amounts to EUR 0.4 billion in the first half of 2021 (EUR 0.2 billion in first half of 2020). Combined with prepayments of EUR 0.9 billion, the mortgage portfolio of Achmea Bank decreased from EUR 11.6 billion to EUR 11.1 billion
The releases of the loan loss provision in 2021 amounts to EUR 11 million (2020 EUR 4 million loss). The lower level of the loan loss provision as per June 2021, is related to implementation of a second generation of IFRS9 risk model combined with improvement of the macro-economic outlook in 2021, the positive development of housing prices and inherent low credit risk profile of the mortgage portfolio of Achmea Bank.
As of 1 October 2020, Achmea's operational mortgage activities have largely been centralised within Syntrus Achmea Real Estate & Finance (SAREF), as part of the strategy of Achmea to increase its market share in the mortgage market in the coming years. This transfer includes the production of new mortgages for Achmea Pensioen- en Levensverzekeringen N.V. which resulted in a decrease of the fee income for Achmea Bank and lower cost allocation by Achmea B.V.
30-07-2021
Huub Arendse has been reappointed as a member of the Supervisory Board of Achmea Bank as of 1 August 2021. Arendse has been part of the Supervisory Board of Achmea Bank since 2018. Arendse has been reappointed for a period of 4 years after a first period of 4 years as a chairman of the Supervisory Board.
29-03-2021
Achmea Bank N.V. joins the Partnership for Carbon Accounting Financials (PCAF) and started using the PCAF methodology to calculate the carbon footprint of her mortgage portfolio.
The Partnership for Carbon Accounting Financials (PCAF) is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With more than 100 banks and investors from five continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific.
Achmea Bank published Greenhouse Gas Emissions Report 2020
Addressing the urgent challenge of climate change, and decarbonizing our economy, is more pressing now than ever. Banks can facilitate the energy transition. That is why we have committed ourselves to the Paris Climate Agreement to reduce, measure and disclose the greenhouse gas (GHG) emissions associated with our mortgage portfolio. Standardized disclosure methodologies create transparency and accountability. We have published our second Greenhouse Gas Emissions Report. This report can be downloaded from our website.
Pierre Huurman, chairman of Achmea Bank’s Executive Board: “We believe we can make a positive impact by helping our customers to make their homes more energy efficient. Therefore we proactively inform our customers about the options to make their homes more sustainable. Our brands Centraal Beheer and Woonfonds offer a variety of solutions and also the option to finance them as part of the mortgage. To align our portfolio with the goals of the Paris Climate Agreement our goal is that our mortgage portfolio has an average energy label A in 2030".
About the Partnership for Carbon Accounting Financials (PCAF)
In September 2019, the Partnership for Carbon Accounting Financials (PCAF) was launched globally. Currently, more than 100 banks and investors have subscribed to the PCAF initiative. PCAF participants work together to jointly develop The Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse emissions of their loans and investments. By doing so, PCAF participants take an important step to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society. For more information see carbonaccountingfinancials.com/
Achmea is one of the largest employers in the financial services industry in The Netherlands.
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Achmea Bank is part of Achmea, the largest insurer in the Netherlands. We provide mortgages and savings products to private individuals under the brand names Centraal Beheer and Woonfonds. We complement Achmea's insurance propositions with savings and mortgage products. In doing so, we strive for the full trust of all our stakeholders: customers, distribution partners, employees, regulators, investors and the shareholder.
