Achmea Bank may now call itself an A-IRB bank. The Dutch Central Bank (DNB) has approved the application for this Advanced Internal Rating-Based status.

The new status allows Achmea Bank to use advanced internal models to calculate its credit risks. This results in improved risk management and customer service, both in the acceptance and management of mortgages. In the medium term, this step may also result in an improvement in capital ratios.

Mark Geubbels, Chief Financial & Risk Officer of Achmea Bank: “A-IRB status has been one of our key strategic themes since 2018 and we are proud to have achieved this milestone. Approval by DNB confirms our expertise in controlling credit risks, developing risk models and data management. This status is the culmination of the work of many colleagues at Achmea Bank and reinforces our strategic position as a data-driven network bank.”