‘Simplicity is our great asset and we will go on communicating that as a team in everything we do for the customer.’

Dear reader,

Are you familiar with the film Groundhog Day? As I wrote this, the same feeling overtook me that Bill Murray had in that film; everything seemed to be the same all over again and there was no escape. We called 2022 volatile and unpredictable, and these are definitely terms that we can take out and dust off again to describe 2023. The war in Ukraine continues in all its intensity. The threat on the European borders may therefore have intensified even further, and international relations were on high alert in the rest of the world as well (in Gaza and elsewhere). What’s more, the same major challenges persist in our everyday life here: floods caused by climate change, criminality and fraud, social disadvantage, strict rules on energy and renovation etc.

A changeable world like this needs a solid bank like Argenta, which creates clarity for our customers. Argenta is strong and prepared for the future. We are absolutely determined to reach our 100th anniversary. Achieving that means we have to remain true to what makes us stand out in the market. Following Marc Lauwers’ retirement, we started 2023 with a new CEO at the helm. I am firmly convinced that, with Peter Devlies, we have the vision and capabilities on board to hone Argenta’s strengths even further in the coming years. Simplicity is our great asset and we will go on communicating that as a team in everything we do for the customer.

Argenta wants to contribute to an inclusive society. We want everyone to be in a stronger position to tackle the financial challenges in that unpredictable world. For this reason, we are committed to financial literacy. Explaining complex concepts in simple terms, making ourselves as accessible to questions as possible. This is something we have committed to for years with our 387 branches, and it is something that will remain unchanged. Spaargids hasn’t presented us with the ‘Best Branch Network’ award three years in a row for nothing. This is an achievement of which we can be justly proud and for which we give all our branch employees a huge pat on the back. An inclusive society also means that you give when you can. So many employees are involved in Warm Argenta, a collection of initiatives for charity that have developed over seven years into a broad spectrum of activities and fund-raising campaigns. My warm thanks to everyone who worked for these good causes with boundless energy.

Argenta wants to contribute to a sustainable society. In 2023, we made important innovations in our pay policy. By the introduction of the mobility budget for a large number of employees, we make sure that opting for a company car is no longer the logical choice. With the popular cafeteria plan, employees can choose options such as financial support with pension savings or their hospitalisation insurance. We do this out of the conviction that it remains important to take care of our employees, and in the knowledge that these advantages continue to give Argenta a good position in a competitive labour market. We know that we have to keep giving our customers sound support in the transition to this sustainable society. For this reason, we work hard on a sustainable product range. Sustainability is closely integrated into our organisation at all levels.

We will always remain a customer-oriented organisation. Argenta has been in business for 68 years now thanks to its customers. I am personally involved in our extensive customer surveys, heart-warming conversations with customers, visits to branches and enthusiastic branch managers and even speed-dating with customers at our head office. Our customers appreciate that. We see that from our high NPS score of 47 and the positive feedback we receive. Our approach has also been rewarded on a number of occasions with prestigious awards such as a Bank Award from Spaargids.be and a European Effie Award. I would like to express my sincere thanks to all employees who are at our customers’ service day in, day out.

In an unpredictable world, Argenta is following a course of action that is rare in the financial sector: together with the shareholders, it is looking after customers, employees, branches and society in a thoroughly responsible manner, putting them in a stronger position to take on the financial challenges of this unpredictable world.

I am looking forward to 2024, which has already taken off like a rocket. Sustainable investment, living and insurance remain our key focal areas. How do we help our customers to find their way around all the rules and information? And how do we as a bank help to ensure that sustainable renovation becomes a viable option for everyone? Inclusion remains a point of attention in all initiatives. Argenta wants to help ensure that everyone has access to solid, easily-understood financial services.

In an unpredictable world, Argenta is following a course of action that is rare in the financial sector: together with the shareholders, it is looking after customers, employees, branches and society in a thoroughly responsible manner, putting them in a stronger position to take on the financial challenges of this unpredictable world.

We look forward to touching base with you soon at one of our branches or through our customer service, our app or our website.

Marc van Heel Chairman of the Board of Directors

*The NPS score measures the extent to which customers would recommend Argenta to relatives or friends. A score of over 20 is generally considered to be a good score.