Founded in 1747, Nagelmackers is the oldest bank in Belgium, with a strong reputation in Personal and Private Banking. It offers a full set of banking and asset management products and services to its mainly retail 110,000 end customers. This acquisition project represents a rare opportunity for Caisse d’Epargne Hauts de France, successfully established in Belgium for 10 years to continue and since January in Netherlands, expanding its footprint in the Benelux region. This operation is fully in line with Groupe BPCE’s strategic plan VISION 2030 to expand its European footprint and diversify revenues.
Laurent Roubin, CEO of Caisse d’Epargne Hauts de France, said : « The proposed acquisition of Nagelmackers is a major milestone in our pragmatic and entrepreneurial development in Belgium where we have been operating for the last 10 years. We wish to preserve Nagelmackers’ know-how, corporate culture and brand which have contributed to its success and reputation, while providing the necessary financial, technical and human resources to accelerate its development. We would be focused on significant growth for Nagelmackers, its customers and its employees.”
For Alcyme Delannoy, Head of Benelux at Caisse d’Epargne Hauts de France: “This operation confirms the acceleration of our development strategy in Benelux, following the opening of our branch in the Netherlands at the beginning of the year. It reaffirms our ability to offer our customers a complete range of solutions, drawing on the expertise of Caisse d’Epargne Hauts de France, BPCE and their subsidiaries.”
