Report
CRELAN : Still attractive yields for Belgian risk
Crelan is a Belgian cooperative banking group, founded in 1937, which is ranked 5th in the Belgian market following the takeover of Axa Bank Belgium in 2021. The legal merger is due to be finalised in June 2024, once the IT switchover is completed. Synergies expected from the merger are then likely to be further harnessed and profitability should increase. - Crelan has tapped the market five times in the past with four SNP issuances and a Tier 2 offering recently. We believe that,...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Carine Maciol
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