Belfius Plans Expansion into France and AI Strategy
Belfius aims to launch insurance services in France, backed by a 2030 strategy emphasizing international growth. The bank plans investments of €1.2 billion in technology, targeting over 85% digital customer engagement by 2030.
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Belfius intends to offer insurance in France through online platforms and partnerships as part of its 2030 strategy. The bank aims for a pre-tax profit of at least €2 billion by 2030, with €500 million expected from insurance operations.
Investments of €1.2 billion will be made in technology, including cybersecurity and a data center. Belfius also targets a substantial increase in digital customer engagement, raising the current 71% to over 85% by 2030.
Additionally, the bank seeks to become the preferred choice for new entrepreneurs and private banking clients, with plans to manage over €100 billion in assets. They anticipate significant generational wealth transfer in the coming years, indicating growth potential. The current ownership structure remains fully state-owned, with plans for partial privatization.
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