News

Achmea Hypotheekbank announces 2011 Interim results

Achmea Hypotheekbank’s profit before income taxes for the first half of 2011 amounted to EUR 6.1 million (first half of 2010: EUR 32.2 million), excluding changes in fair value of financial instruments. This decrease was primarily caused by higher funding costs.

Read here the complete press release

08/30/2011

Achmea Hypotheekbank successfully completes sale of EUR 0.8 billion DMPLIX RMBS notes

Achmea Hypotheekbank N.V. announces that it has successfully completed the sale of EUR 0.8 billion residential mortgage‐backed securities (RMBS) to refinance its existing mortgage portfolio.

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07/11/2011

Annual results 2010 Achmea Hypotheekbank published

The full version of the annual report of Achmea Hypotheekbank is available.
Take a look at the digital version on 'Annual reports'.

04/08/2011

Good results over 2010 despite increased funding cost

Despite difficult market circumstances, Achmea Hypotheekbank generated good financial returns during 2010. Net profit decreased by EUR 4 million (8%) to total EUR 46 million, but return on average equity remained satisfactory at 9.1%. Capitalization of the bank improved, resulting in a Core Tier 1 ratio of 12.8% and a BIS ratio of 15.3%.

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03/16/2011

Appointments at Achmea Bank and Eureko Re

‘s-Hertogenbosch / Zeist – Margreet van Ee has been appointed Chairman of the Executive Board at Achmea Bank Holding NV and Achmea Hypotheekbank NV as from 1 March 2011. She succeeds Jurgen Stegmann who held this position on an interim basis and will become CFO at Robeco as of March 15. Van Ee is currently director of Eureko Re NV and has been with Achmea since 2004. Before that she held various executive positions at Amev and Rabobank.

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02/08/2011

Change in the Board of Achmea Bank

’s-Hertogenbosch - Jurgen Stegmann will leave Achmea Bank Holding N.V. as of March 1. His departure follows his appointment as Chief Financial Officer at Robeco. Stegmann joined the management board of Achmea Bank Holding N.V. and Achmea Hypotheekbank N.V. on an interim-basis in September 2010.

The Supervisory Board of Achmea Bank Holding N.V. acknowledges Stegmann's
significant contribution to Achmea Bank. It expects to announce more on the
appointment of a new chairman of the board of Achmea Bank Holding N.V. on short
notice.

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01/27/2011

Appointment of CFO at Achmea Bank Holding N.V.

’s-HERTOGENBOSCH – As of September 1, 2010 Martijn Wissels (52) will join the management board of Achmea Bank Holding N.V.. Wissels will succeed JacquesVervuurt (49) as Chief Financial and Risk Officer. Vervuurt will continue to work for Achmea elsewhere within the organisation. The Supervisory Board of Achmea Bank Holding N.V. acknowledges Vervuurt's significant contribution to Achmea Bank.

Martijn Wissels has ample experience in the banking sector; both in The Netherlands as well as abroad. Most recently, he worked as the Director Credit and Market Risk for Fortis Bank Netherlands.

The appointment of Wissels is subject to regulatory approval.

11/12/2010

Addition to Management Board of Achmea Hypotheekbank N.V.

’s-HERTOGENBOSCH – Achmea Bank Holding N.V. announces today that Jurgen Stegmann (50) will join the management board of Achmea Bank Holding N.V. and Achmea Hypotheekbank N.V. on an interim-basis on September 7, 2010.

Stegmann has ample experience in the banking sector. From 2000 through 2008 he acted as vice chairman of NIBC and before that he was member of the Executive Board of Fortis Bank Nederland.

Stegmann joins the management board in light of the upcoming departure of the current CEO of Achmea Bank, Rob Becker (45). Becker will become chairman of the OccupationalHealth Division at Achmea as per December 1, 2010.

Achmea Bank expects to appoint a new CEO before December 1, 2010.

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Press Release Management Board Achmea Hypotheekbank.pdf	52.4 KB

09/07/2010

Benoeming van CFO bij Achmea Bank Holding N.V.

‘’s-HERTOGENBOSCH – As of September 1, 2010 Martijn Wissels (52) will join the management board of Achmea Bank Holding N.V.. Wissels will succeed Jacques Vervuurt (49) as Chief Financial and Risk Officer. Vervuurt will continue to work for Achmea elsewhere within the organisation. The Supervisory Board of Achmea Bank Holding N.V. acknowledges Vervuurt's significant contribution to Achmea Bank.

Martijn Wissels has ample experience in the banking sector; both in The Netherlands as well as abroad. Most recently, he worked as the Director Credit and Market Risk for Fortis Bank Netherlands.

The appointment of Wissels is subject to regulatory approval.

08/26/2010

Achmea Hypotheekbank Covered Bond programme

This notice is issued by Achmea Hypotheekbank N.V. (“Achmea” or the “Issuer”), in its capacity as Issuer under the Achmea Hypotheekbank N.V. € 10,000,000,000 Covered Bond Programme (the "Programme") in connection with the fact that Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc. ("S&P") is requested to act no longer as a rating agency in respect of the Programme at the request of the Issuer and no longer provide a rating on the covered bonds issued and to be issued under the Programme (the "Covered Bonds") as of 25 June 2010. The Issuer confirms that it has notified Stichting Trustee Achmea Covered Bond Company (the “Trustee”) and S&P. The Trustee has confirmed that this removal is not materially prejudicial to the Covered Bondholders. In connection with the removal of S&P, the Trustee has requested that the Covered Bonds be rated by at least two rating agencies.

Furthermore, Achmea has restructured certain aspects of the Programme. The main changes were as follows:

- Fitch Ratings Ltd. has been appointed to act as a rating agency in respect of the Programme as of 25 June 2010 and has assigned a rating of ‘AAA’ to the current outstanding Covered Bonds;

- The total return swap agreement supporting the Covered Bonds between the Achmea Covered Bond Company B.V.(“CBC”) and Achmea (the "Total Return Swap") has been supplemented with a Novation Agreement which provides for the Total Return Swap in respect of all series of Covered Bonds currently outstanding to be transferred to the Royal Bank of Scotland plc following an Issuer Default Time (as defined in the Total Return Swap) or a failure by Achmea to post collateral under the credit support annex forming part of the Total Return Swap;

- Stichting Incasso Achmea Hypotheken (the "Collection Foundation") has been established to receive payments made by borrowers under mortgage loans directly and independently from Achmea and to pay the amounts received to the special purpose entities entitled to such amounts and to Achmea, which will have the effect of separating these cash flows from the estate of Achmea and may enhance the continuity of borrower payments following a Issuer Event of Default (as defined in the conditions of the Covered Bonds) (in the event that borrowers have not already been notified to make payments directly to the CBC);

- Achmea will be replaced as "Administrator" under the Programme by ATC Financial Services B.V. (“ATC”), an experienced provider of administration services in the Dutch market. The appointment of ATC is intended to support the continuity of administration for the Programme, also in the event of an Issuer Event of Default;

- An obligation to appoint a standby servicer upon loss of Baa2 by Moody's or BBB by Fitch has been included, and the rating for a replacement of the servicer has been lowered to loss of Baa3 by Moody's or BBB- by Fitch;

- The minimum size of the reserve fund providing liquidity for the Covered Bonds has been increased to be equal to the next interest payment due on each series of Covered Bonds (or, if higher, the interest due in the next three months) or, if the interest on the Covered Bond is hedged, the next three months' swap payments for each such series of Covered Bonds, plus three months' senior expenses.

As a result of the restructuring of the Programme, Moody's Investors Service confirmed the assignment of a rating of ‘Aa2’ to the current outstanding Covered Bonds on 8 June 2010.

The Trustee and/or the Issuer, where applicable, may take any other actions and perform any other formalities as the Trustee and/or the Issuer shall consider appropriate or necessary in connection with the implementation of the above mentioned matters.

Achmea provides mortgage loans for owner-occupied residential properties in the Netherlands. Achmea funds itself in the international capital markets.

For more information, please contact:

Media:
Marco Simmers
+31 6 5343 8718
marco.simmers@achmea.nl

Investors:
Rudi Kramer
+31 30 693 7019
rudi.kramer@achmea.nl

06/29/2010