Belfius Bank, Belgium's state-owned retail and insurance-linked financial institution, recorded a consolidated net profit after tax of EUR 1.127 billion for the full year 2024, its highest ever annual result, according to a press release published on 28 February 2025. Belfius was established through the nationalisation of Dexia Bank Belgium in October 2011 and was renamed Belfius in 2012.
MORTGAGES AND BANK-INSURANCE CONTRIBUTIONS
Belfius is Belgium's second-largest mortgage provider.
New mortgage lending rose 5.6% to EUR 5.7 billion in 2024. Belfius Bank's contribution to the group result fell slightly to EUR 854 million, while Belfius Insurance lifted its contribution by 14% to an all-time high of EUR 273 million.
The bank also formed a partnership with Belgian property portal Immoweb in mid-2024.
OWNERSHIP
Belfius remains fully owned by the Belgian federal government through the Federal Holding and Investment Company.
Management said in the press release that the result strengthens its ability to keep investing in Belgian talent and in innovative products and services, including further development of its mobile app.