Achmea completes acquisition of a.s.r. banking activities

Tilburg, 2 December 2019 – Today, Achmea Bank completed the acquisition of a savings portfolio of some 125,000 customers and a volume of €1.7 billion and a mortgage portfolio with a volume of €1.5 billion. From now on, customers with a savings product from a.s.r. bank will be served by Centraal Beheer. In recent weeks, these customers have been notified of the change.

Achmea Bank’s acquisition of the portfolios is part of Achmea’s strategy to expand with financial products and services today, tomorrow and beyond. All the conditions for the acquisition have been met, including a statement of no objection from De Nederlandsche Bank and the agreement of employee representatives.

Willem van Duin, Chairman of the Executive Board of Achmea: “With our co-operative identity we are committed to provide a healthy, safe and future-proof society. A key part of this is proper retirement provision. This acquisition contributes to increasing the scale of our banking services. We are continuing to fully invest in further improvements in our service to our customers.”

About Achmea Bank

Achmea Bank is part of Achmea and provides mortgages and savings products to the retail market in the Netherlands via the Centraal Beheer and Woonfonds labels. Achmea Bank is licensed to provide financial services under the Financial Supervision Act (Wft). Achmea Bank has a lending portfolio of approximately €11 billion and manages savings of approximately €6 billion. Achmea Bank is located in Tilburg. www.achmeabank.nl