AXA : AXA to sell AXA Bank Belgium
>Sale of AXA Bank Belgium to Belgian bank Crelan - AXA announced on Friday morning that it had reached an agreement to sell AXA Bank Belgium to Crelan Bank, the seventh-largest bank in Belgium, with around 920,000 customers, 633 branches and € 20.4bn in assets. AXA Bank Belgium is the sixth-largest bank in Belgium with 860,000 customers, 550 branches and € 27bn in assets (including € 20bn in customer loans). AXA will sell 100% of AXA Bank Belgium to Crelan for € 620m,...AXA is a holding company. Through its subsidiaries, Co. is engaged in insurance and assets management. Co. operates primarily in Europe, North America, the Asia-Pacific Region and, to a lesser extent, in other regions including the Middle East, Africa, and Latin America. Co. has five operating business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. In addition, various holding companies within the AXA Group conduct certain non-operating activities. As of Dec 31 2013, Co. had total assets of Euro757,143,000,000.
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