Achmea Bank to acquire mortgage portfolio from a.s.r.

Written by Adam Cadle

15/11/2021

Achmea Bank is to acquire a mortgage portfolio of €500m from a.s.r.

a.s.r. will continue to manage these mortgages for Achmea Bank. The two organisations have expressed the intention to conduct additional transactions of €500m in both 2022 and 2023. In addition, Achmea Bank will acquire roughly €190m of newly originiated mortgages from a.s.r. annually for the next three years. These are mainly mortgages with a short fixed-interest period. The acquisition has no consequences for the servicing to customers in this portfolio.

These transactions are an expansion of the strategic mortgage alliance between Achmea and a.s.r.

Jack Julicher, CEO of a.s.r. asset management, said: “The transaction with Achmea Bank is a seamless fit with a.s.r. asset management’s strategy. As well as managing assets for a.s.r.’s insurance companies, we focus on third-party asset management in certain specific investment categories, including residential mortgages. This mandate allows us to use our know-how and experience in mortgage services for Achmea Bank. In Achmea, we have found the right partner with a long-term vision and proven mortgage knowledge.”

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