AXA Creates AXA Bank Europe to Enhance the Coordination of AXA's European Retail Banking Operations

Dec 03, 2007, 00:00 ET from AXA Group

    PARIS, Dec. 3 /PRNewswire-FirstCall/ -- AXA has decided to coordinate
 its European retail banking operations through AXA Bank Europe, in close
 cooperation with its local insurance operations.
     The objective of these banking operations is to complement the
 Financial Protection offering with a range of retail banking products,
 while ensuring adequate development, control and risk management throughout
 Europe. AXA currently operates banks in Belgium, France, Germany and
     AXA Bank Europe will utilize AXA Bank Belgium, as its centralizing
 legal entity; it is intended that AXA's other banks operate as subsidiaries
 or branches. AXA Bank Europe will be supervised by Alfred Bouckaert, member
 of AXA's Management Board, and will be managed by Herve Hatt, CEO of AXA
 Banque in France. Other management team members include Patrick
 Vaneeckhout, head of AXA Bank Belgium; Noel Richardson, CFO; Francois
 Robinet, Chief Investment Officer, and Tibor Szekeres, head of AXA in
     This press release is available on the AXA Group web site:
     About AXA
     AXA Group is a worldwide leader in Financial Protection. AXA's
 operations are diverse geographically, with major operations in Western
 Europe, North America and the Asia/Pacific area. IFRS revenues amounted to
 Euro 79 billion for full year 2006 (Euro 51 billion for 1H07) and IFRS
 adjusted earnings amounted to Euro 5,140 million (Euro 3,424 million for
     The AXA ordinary share is listed and trades under the symbol AXA on the
 Paris Stock Exchange. The AXA American Depository Share is also listed on
 the NYSE under the ticker symbol AXA.
AXA Investor Relations: Etienne Bouas-Laurent: + Paul-Antoine Cristofari: + Emmanuel Touzeau: + George Guerrero: +1.212.314.28.93 AXA Media Relations: Christophe Dufraux: + Clara Rodrigo: + Laurent Secheret + IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predications of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to AXA's Annual Report on Form 20-F and AXA's Document de Reference for the year ended December 31, 2006, for a description of certain important factors, risks and uncertainties that may affect AXA's business. In particular, please refer to the section "Special Note Regarding Forward- Looking Statements" in AXA's Annual Report on Form 20-F. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.