AXA Creates AXA Bank Europe to Enhance the Coordination of AXA's European Retail Banking Operations
December 03 2007 - 1:11PM
PR Newswire (US)
PARIS, Dec. 3 /PRNewswire-FirstCall/ -- AXA has decided to
coordinate its European retail banking operations through AXA Bank
Europe, in close cooperation with its local insurance operations.
The objective of these banking operations is to complement the
Financial Protection offering with a range of retail banking
products, while ensuring adequate development, control and risk
management throughout Europe. AXA currently operates banks in
Belgium, France, Germany and Hungary. AXA Bank Europe will utilize
AXA Bank Belgium, as its centralizing legal entity; it is intended
that AXA's other banks operate as subsidiaries or branches. AXA
Bank Europe will be supervised by Alfred Bouckaert, member of AXA's
Management Board, and will be managed by Herve Hatt, CEO of AXA
Banque in France. Other management team members include Patrick
Vaneeckhout, head of AXA Bank Belgium; Noel Richardson, CFO;
Francois Robinet, Chief Investment Officer, and Tibor Szekeres,
head of AXA in Hungary. This press release is available on the AXA
Group web site: http://www.axa.com/ About AXA AXA Group is a
worldwide leader in Financial Protection. AXA's operations are
diverse geographically, with major operations in Western Europe,
North America and the Asia/Pacific area. IFRS revenues amounted to
Euro 79 billion for full year 2006 (Euro 51 billion for 1H07) and
IFRS adjusted earnings amounted to Euro 5,140 million (Euro 3,424
million for 1H07). The AXA ordinary share is listed and trades
under the symbol AXA on the Paris Stock Exchange. The AXA American
Depository Share is also listed on the NYSE under the ticker symbol
AXA. AXA Investor Relations: Etienne Bouas-Laurent:
+33.1.40.75.46.85 Paul-Antoine Cristofari: +33.1.40.75.73.60
Emmanuel Touzeau: +33.1.40.75.49.05 George Guerrero:
+1.212.314.28.93 AXA Media Relations: Christophe Dufraux:
+33.1.40.75.46.74 Clara Rodrigo: +33.1.40.75.47.22 Laurent Secheret
+33.1.40.75.48.17 IMPORTANT LEGAL INFORMATION AND CAUTIONARY
STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS Certain
statements contained herein are forward-looking statements
including, but not limited to, statements that are predications of
or indicate future events, trends, plans or objectives. Undue
reliance should not be placed on such statements because, by their
nature, they are subject to known and unknown risks and
uncertainties. Please refer to AXA's Annual Report on Form 20-F and
AXA's Document de Reference for the year ended December 31, 2006,
for a description of certain important factors, risks and
uncertainties that may affect AXA's business. In particular, please
refer to the section "Special Note Regarding Forward- Looking
Statements" in AXA's Annual Report on Form 20-F. AXA undertakes no
obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information,
future events or circumstances or otherwise. DATASOURCE: AXA Group
CONTACT: AXA Investor Relations: Etienne Bouas-Laurent,
+33-1-40-75-46-85, Paul-Antoine Cristofari, +33-1-40-75-73-60,
Emmanuel Touzeau, +33-1-40-75-49-05, or George Guerrero,
+1-212-314-28-93; AXA Media Relations: Christophe Dufraux,
+33-1-40-75-46-74, Clara Rodrigo, +33-1-40-75-47-22, or Laurent
Secheret, +33-1-40-75-48-17 Web site: http://www.axa.com/
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