The Axa Bank logo will disappear from the Belgian streets in the spring of 2024. It is then replaced by Crelan’s. — © MARC HERREMANS – MEDIA HOUSE
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The Axa Bank logo will disappear from the Belgian streets in the spring of 2024. Crelan, which Axa Bank officially took over last week, has announced this. Nothing has yet been decided on mergers of offices.
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On December 31 last year, Crelan announced that it would acquire Axa Bank in Belgium. It pays 691 million euros for this. The acquisition has been negotiated for more than two years. The new bank will be called Crelan Groep. The insurance company Crelan Insurance follows the opposite trend and is fully taken over by insurer Axa Belgium.
Luc Versele, the chairman of the board of directors of Crelan, is enthusiastic about the acquisition of Axa Bank. “This merger will allow us to provide better services to our customers and improve our profitability,” he says.
No consequences for staff and customers yet
Crelan emphasizes that nothing will change for the customers of Crelan and Axa Bank for the time being. Both banks will now continue to exist side by side. Substantial investments will be made in the coming months in a new IT system, which must integrate the two banks with each other. Crelan will allow approximately 27 months for the entire integration process. When that process is complete, the Axa Bank logo will disappear from the streets.
As a result of the merger, Axa Bank and Crelan together have nearly nine hundred offices in Belgium. By way of comparison: BNP Paribas Fortis, the largest bank in Belgium, has about four hundred. In many places an Axa office is close to a Crelan office. But Crelan emphasizes that no decision has yet been made about the merger of offices.
No decision has yet been made about the head office of Axa Bank in Berchem, where more than seven hundred people work. “We are in no rush to make a decision on this, because many people will often work from home during and after corona,” said Philippe Voisin, general manager of Crelan. quill
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