Achmea Bank NV (formerly Achmea Hypotheekbank NV)

On May 31, 2014 Achmea Hypotheekbank N.V., Achmea Bank Holding N.V. and Achmea Retail Bank N.V. completed their merger into one entity. The remaining entity Achmea Hypotheekbank N.V. was renamed to Achmea Bank N.V. The decision to perform the merger had been taken to reduce complexity, to be able to meet new legislation and to increase efficiency in systems and processes. The main business activities of Achmea Bank N.V. are providing savings products for private individuals and owner-occupied residential mortgage loans. Achmea Bank N.V. offers its products online via Centraal Beheer Achmea.

Services

Retail Banking

Products

Financials

Total Assets (2017)
14 199.36 mln EUR  (-5.24%)
Net Income (2017)
17.33 mln EUR  (+30.24%)

Achmea Bank NV is the 8th largest bank in the Netherlands in terms of total assets. In 2017 its total assets were 14 199,36 mln EUR. In 2017 the bank's net income was 17,33 mln EUR.

Achmea Bank NV is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A (high credit quality).

Achmea Bank NV participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

SPOORLN, 5017JZ, TILBURG, Netherlands
54

Achmea Bank NV is headquartered in TILBURG.

Bank Identifiers

BIC (SWIFT)
AHBKNL2G
MFI ID
NL410

Business Summary

Services
retail banking
Products
savings accounts
time deposit accounts (1.95 - 3.50 %)
mortgage loans (3.40 - 5.95 %)

Achmea Bank NV provides services in the area of retail banking. The range of products offered by Achmea Bank NV includes savings accounts, time deposit accounts (1.95 - 3.50 %), mortgage loans (3.40 - 5.95 %).

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Achmea Bank NV are covered by deposit guarantee scheme of the Netherlands up to 100 000 EUR per depositor. Achmea Bank NV offers the following time deposit accounts.

Updated on 14 December 2018

RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
1.95 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
1.95 %
Deposit Term (months)
12
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
2.35 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
2.35 %
Deposit Term (months)
24
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
2.45 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
2.45 %
Deposit Term (months)
36
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
2.55 %
Deposit Term (months)
48
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
2.55 %
Deposit Term (months)
48
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
2.65 %
Deposit Term (months)
60
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
2.65 %
Deposit Term (months)
60
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
2.95 %
Deposit Term (months)
84
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
2.95 %
Deposit Term (months)
84
RenteVast Rekening
Sales Region
Netherlands
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
120
Time Deposit Account Details
Product Name
RenteVast Rekening
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
120

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Achmea Bank NV are shown in the table below.

Updated on 14 December 2018

Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
3.40 %
Lending Amount (%)
60 %
Loan Term (years)
5 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
3.70 %
Lending Amount (%)
80 %
Loan Term (years)
5 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
4.10 %
Lending Amount (%)
60 %
Loan Term (years)
10 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
4.40 %
Lending Amount (%)
80 %
Loan Term (years)
10 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.05 %
Lending Amount (%)
60 %
Loan Term (years)
15 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.35 %
Lending Amount (%)
80 %
Loan Term (years)
15 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.65 %
Lending Amount (%)
60 %
Loan Term (years)
20 years
Annuiteiten Hypotheek
Sales Region
Netherlands
Loan Currency
EUR
Borrowing Rate (p.a.)
5.95 %
Lending Amount (%)
80 %
Loan Term (years)
20 years

Netherlands: This product is offered to the Netherlands' residents only. When clicking on the product link you will be redirected to the product page in Dutch.

See Also

Financial Positions

Total Assets (2017)
14 199.36 mln EUR  (-5.24%)
Total Equity (2017)
840.48 mln EUR  (+2.11%)

In 2017 total assets of Achmea Bank NV were 14 199.36 mln EUR. Decline compared to the previous period (2016) was -5.24%. The evolution of the total assets of Achmea Bank NV is shown at Chart 1 below.

Total Assets of Achmea Bank NV.

Chart 1. Total Assets of Achmea Bank NV.

Profit and Loss

Net Income (2017)
17.33 mln EUR  (+30.24%)

Recent changes in gross profit of Achmea Bank NV and its main components are shown in Table 1.

2016 2017 % change
Interest Income 489.0 426.2 -12.86%
Interest Charges -379.4 -322.5 -15.00%
Net Interest Income 109.7 103.7 -5.42%
Net Commission Income 2.0 5.1 +152.30%
Table 1. Recent changes in gross profit of Achmea Bank NV (mln EUR).

In 2017 net income of Achmea Bank NV was 17.33 mln EUR. Growth compared to the previous period (2016) was 30.24%. The evolution of the net income of Achmea Bank NV is shown at Chart 2 below.

Net Income of Achmea Bank NV.

Chart 2. Net Income of Achmea Bank NV.

Market Share and Rank (among banks in the Netherlands)

Total Assets (2017)
8th

In 2017 Achmea Bank NV was ranked the 8th largest bank in the Netherlands in terms of total assets.

Several banks having the market shares and ranks closest to Achmea Bank NV are shown below.

RankNameTotal Assets
7 Van Lanschot NV14658.88 mln EUR
8 Achmea Bank NV14199.36 mln EUR
9 Triodos Bank NV9902.32 mln EUR
 

Credit Ratings (as of May 2018)

Fitch Moody's
A (high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Achmea Bank NV is rated by Fitch.

Credit ratings assigned to Achmea Bank NV as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Achmea Bank NV it is set to A (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Achmea Bank NV is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  -
Support Rating  1
Support Rating Floor  -

Viability rating for Achmea Bank NV is not set support rating is 1 (extremely high probability of external support); support rating floor is not set.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.

In the case of Achmea Bank NV failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Accounts  nearly every payment or savings account, current account or term deposit is covered
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Achmea Bank NV and its components are shown in the table below.

BIC  AHBKNL2G
Bank BIC Code  AHBK
Country Code  NL (Netherlands)
Location Code  2G
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Achmea Bank NV is shown in the table below.

MFI ID  NL410

Defunct Banks: 2 banks in 1 country

The following banks operating under Achmea Bank brand name has been recently closed down:

Netherlands