Argenta (bank)

Argenta is a bank based in Belgium that also operates in the Netherlands and Luxembourg. The Argenta headquarters are in Antwerp. It was Belgiums sixth biggest bank in 2020, after BNP Paribas Fortis, KBC Groep, Belfius, ING Group en Crelan.

Argenta
TypeNaamloze vennootschap
IndustryFinancial services
Founded1956
HeadquartersAntwerp, Belgium
ProductsBanking and insurance
€225,9 million (2015)[1]
Number of employees
2490 (end 2015)[1]
WebsiteOfficial website

History

The Argenta Group has been active in Belgium since 1956, in the Netherlands since 1989 and in Luxemburg since 1990. All group activities exclusively consist of financial activities for families and individual clients relating to attracting savings, granting loans, distribution of collective investments and offering life and non-life insurance products. In 2021, Argenta reported to own and operate 348 ATMs.[2]

Structure

Investeringsmaatschappij Argenta N.V. (abbreviated, Investar N.V.), a mixed financial holding of the Van Rompuy family, holds 86.81% of the shares in the parent, with the remainder of the shares owned by Argenta Coöperatieve C.V. (abbreviated, Argen-Co C.V.),[3] which is a recognised cooperative undertaking in accordance with the Act of 20 July 1955 on a National Council for Cooperatives. Argenta Bank- en Verzekeringsgroep N.V. is the holding company of the Argenta Group. Argenta Bank- en Verzekeringsgroep N.V. is a mixed financial holding within the meaning of article 3, 39° of the Banking Act. In 2001 it amalgameted with the publicly owned Centraal Bureau voor Hypothecair Krediet (CBHK).

Argenta Spaarbank N.V. has one subsidiary, Argenta Asset Management S.A., a Luxembourg company which is responsible for the management and central administration of the Argenta Group's collective investment undertakings, i.e. Argenta Fund SICAV and Argenta Fund of Funds SICAV, which are open-end investment undertakings under Luxembourg law. The latter is a fund of funds (also known as an umbrella fund). This means that the assets of various sub-funds are invested in other collective investment undertakings. This company has its own subsidiary in Luxembourg, Arvestar Asset Management S.A. In addition, Argenta Spaarbank N.V. has a branch office in the Netherlands of the same name.

Argenta Assuranties N.V. is a duly licensed Belgian insurance undertaking. It has one subsidiary, Argenta-Life Nederland N.V., an insurance undertaking organized under the laws of the Netherlands. It offers term life insurance linked to housing loans. It also manages a portfolio of mortgage insurance policies.

See also

References
  1. https://www.argenta.be/portalserver/content/atom/contentRepository/content/combined%20annual%20report%20and%20sustainability%20report%202014.pdf?id=49bd1159-49c5-43b3-98f4-89721cfa0323
  2. Nieuwsblad, https://www.nieuwsblad.be/cnt/dmf20211117_92728080
  3. Investeringsmaatschappij Argenta, Annual report 2016, p. 21, https://cri.nbb.be/bc9/web/catalog
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