The business model of ABB is structured around one core business line: retail banking in Belgium, transforming deposits into loans to retail customers and SMEs. ABB carved-out its intermediation activities during 2020, which predominantly provided derivatives to different entities within the AXA Group.
The retail banking activity of ABB is supported by:

  • ALM & Treasury;
  • Issuance of EMTNs by AXA Belgium Finance;
  • Issuance of Covered bonds by SCF Europe Bank;
  • Issuance of RMBS by Royal Street;
  • Issuance of RMBS with Significant Risk Transfer (SRT) by CASPR.

On top of this conservative business model by design, ABB further safeguards the interests of its clients, shareholders and markets through prudent risk management policies:

  • Its retail credit portfolio, which mainly consists of mortgage loans, shows a low risk profile;
  • Its wholesale credit exposures are restricted to first class issuers and counterparties within a tight limit framework;
  • Its market activities focus on hedging market risks emerging from its core business;
  • Its liquidity risk is managed within conservative standards.

More risk-related information can be found in the AXA Bank Belgium's 2020 Disclosure Report, which is prepared in accordance with Basel II Pillar III requirements.

Intermediate figures can be found below in the quarterly tables.

General Risk Profile

Quarterly tables