On 17 November 2021, Achmea Bank will acquire a mortgage portfolio of €500 million from a.s.r. a.s.r. will continue to manage these mortgages for Achmea Bank. The two organisations have expressed the intention to conduct additional transactions of €500 million in both 2022 and 2023. In addition, Achmea Bank will acquire roughly €190 million of newly originiated mortgages from a.s.r. annually for the next three years. These are mainly mortgages with a short fixed-interest period. The acquisition has no consequences for the servicing to customers in this portfolio.
These transactions are an expansion of the strategic mortgage alliance between Achmea and a.s.r.
Pierre Huurman, chairman of board of directors of Achmea Bank: “Achmea Bank and a.s.r. have been working together with respect to mortgages since 2019. In recent months we elaborated on how we can further reinforce each other in this area. We are delighted that this has led to these transactions, which underline our ambition to grow in mortgages. We look forward to making a success of the strategic alliance with a.s.r. over the next few years.”
Jack Julicher, CEO of a.s.r. asset management: “The transaction with Achmea Bank is a seamless fit with a.s.r. asset management’s strategy. As well as managing assets for a.s.r.’s insurance companies, we focus on third-party asset management in certain specific investment categories, including residential mortgages. This mandate allows us to use our know-how and experience in mortgage services for Achmea Bank. In Achmea, we have found the right partner with a long-term vision and proven mortgage knowledge.”
The acquisition will not affect customers in the portfolio; a.s.r. will remain their point of contact and the agreement and terms and conditions will not change. a.s.r. will remain an active player in the mortgage market. Overall a.s.r. asset management manages roughly €11 billion of mortgages, which are on the balance sheet of a.s.r. In addition a.s.r. manages assets of over €9 billion for external clients through mortgage funds and external mandates.
The combined mortgage portfolio of all Achmea brands (Centraal Beheer, Woonfonds, Syntrus Achmea, Attens and Tellius) equals roughly €29 billion. Achmea wants to further expand its share of the mortgage market in the next few years. In the past Achmea Bank has acquired mortgage portfolios from a.s.r. (2019) and BinckBank (2020).
The Energy Efficient Mortgages NL Hub (EEM NL Hub) is an initiative from a divers group of stakeholders in the Dutch residential housing and mortgage market such as lenders, investors, service providers and other institutions. Energy efficient mortgages will play an important role in financing the transition to a climate-neutral economy. The 20 members of the EEM NL Hub have committed to supporting and promoting the acceleration and adaptation of energy efficient housing in the Netherlands by interpreting the EU regulations for sustainable financing and energy efficient mortgages in specific.
Daphne de Kluis will be appointed a member of the Supervisory Board of Achmea Bank with effect from 12 October 2021. She succeeds Robert Otto, a member of Achmea’s Executive Board, who has held this position since January 2020.
Daphne de Kluis (formerly of ABN AMRO) will be a member of Achmea’s Executive Board from 12 October 2021, where her responsibilities will include Achmea Bank. Her portfolio will also cover Achmea Pension & Life Insurance, Achmea Pension Services, Achmea Investment Management and Syntrus Achmea Real Estate & Finance.
From 12 October 2021, the Supervisory Board of Achmea Bank will consist of Huub Arendse (chair), Henny te Beest, Miriam van Dongen and Daphne de Kluis.
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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.