Belfius Unveils 2030 Strategy for French Market and Digital Growth
Belfius plans to expand its insurance offerings in France while aiming for a pre-tax profit of €2 billion by 2030. The strategy includes a €1.2 billion investment in technology to enhance digital customer engagement and cybersecurity.
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Belfius sets a target of at least €2 billion in pre-tax profit by 2030, with €500 million projected from its insurance operations in France. The bank will invest €1.2 billion in technology, focusing on cybersecurity and establishing a new data center.
Digital customer engagement is expected to rise from 71% to over 85% by 2030. Additionally, Belfius aims to become the preferred bank for entrepreneurs and private clients, managing over €100 billion in assets. The bank remains fully state-owned, with plans for partial privatization as it anticipates a significant generational wealth transfer, indicating potential growth.
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