Delta Lloyd may expand its banking activities in Belgium considerably by taking over Bank Nagelmackers, a medium-sized Belgium bank employing 600 staff. Negotiations on an exclusive basis started today. For Delta Lloyd Belgium, 300 staff, the possible take-over would mean a great strengthening of its activities in the areas of retail banking, private banking and institutional asset management. Bank Nagelmackers and Delta Lloyd Bank are a very good fit with their strategies, market approach and sales outlet spread.
Delta Lloyd may expand its banking activities in Belgium considerably by taking over Bank Nagelmackers, a medium-sized Belgium bank employing 600 staff. Negotiations on an exclusive basis started today. For Delta Lloyd Belgium, 300 staff, the possible take-over would mean a great strengthening of its activities in the areas of retail banking, private banking and institutional asset management. Bank Nagelmackers and Delta Lloyd Bank are a very good fit with their strategies, market approach and sales outlet spread.
The combination of retail activities of Bank Nagelmackers and Delta Lloyd Bank would considerably expand Delta Lloyd's distribution network. Delta Lloyd Bank is to possess a distribution network of 106 offices and 280 intermediaries, employing 800 staff. In addition, the existing private banking activities of Delta Lloyd Securities and Nagelmackers will be combined. Private banking is considered one of the spearheads of the new combination.
Apart from the above activities, the combination will affect Delta Lloyd's other activities in Belgium in a positive way: institutional asset management of Bank Nagelmackers can be extended and Delta Lloyd Securities, as broker of the Delta Lloyd group with offices in Antwerp and Amsterdam, will take care of stock trading. The insurance activities within Delta Lloyd in Belgium are performed by Delta Lloyd Life. Delta Lloyd Life is active in investment, life and group insurances and was created recently through the merger of CGU Life, OHRA Belgium Life and Norwich Union.
Delta Lloyd wants to achieve a top five position in financial services in Belgium in the years to come. When the merger with Bank Nagelmackers takes place, and the banking activities are rearranged, the head office of Delta Lloyd Bank will move to Brussels in due time. For now, the possible take-over of Bank Nagelmackers will not affect jobs negatively.
The various contracting parties are to negotiate about the transaction in the coming weeks, and the intended amalgamation will be submitted for approval to the various supervisory authorities and governments.
For further details, please apply to Hans Koeleman,
tel. + 31 20 594 44 88
Current activities Delta Lloyd in Belgium
Delta Lloyd Bank in Belgium
Delta Lloyd Bank is operating in Belgium through about 70 offices and it has a fine reputation amongst employees, self-employed, the professions and local enterprises. With its head office in Turnhout, Delta Lloyd Bank as an advisory bank is mainly operating in the Kempen region, the provinces of Limburg and South-west Flanders, although activities are systematically expanded all over Flanders.
Delta Lloyd Bank is characterised by a personal approach and a high-quality range of products and services in the field of asset accumulation and asset management. From this philosophy, the 300 staff mean an added value for customers. For its private asset management, Delta Lloyd Bank is operating closely with Delta Lloyd Securities, also a Delta Lloyd subsidiary.
Delta Lloyd Life
Delta Lloyd Life is operating in the Belgium Life assurance market. Its medium-term objective is to achieve a leading position in life assurances, both in personal and commercial lines. Delta Lloyd Life was created from the merger of three companies, namely OHRA Belgium Life, CGU Life and Norwich Union. These three operations have been part of Delta Lloyd since last year, after mergers and take-overs in the UK and in the Netherlands. The shareholders have therefore made a straight resolution to integrate the companies into a new, ambitious and decisive enterprise. Delta Lloyd Life employs 180 staff, its brand new head office being in Brussels.
Delta Lloyd Securities is a securities bank with an international focus. The bank attends to the personal financial planning of wealthy customers. Delta Lloyd Securities is an esteemed partner for institutions in Belgium and abroad, in research, order execution and asset management