Ethias acquires stake in Creafin and strengthens its position in non-bank mortgage loans
Creafin is pleased to announce that Ethias has acquired 10% of Creafin's share capital. With this transaction, Creafin and Ethias are strengthening an already successful win-win partnership, creating new opportunities for the distribution of insurance linked to mortgage loans, and further implementing Ethias' “Values 29” strategy, which focuses on sustainable and profitable growth.
A structuring operation for both partners
Ethias acquires 10% of the capital of Creafin NV and also grants the company a business loan to support its rapid growth, driven by clear objectives in terms of development and innovation.
A collaboration that is already bearing fruit
Since 2022, Ethias has financed more than €230 million in mortgage loans granted by Creafin, through a targeted network of independent brokers, to individuals purchasing their own homes.
“This partnership is fully in line with our ambition to combine financial performance with sustainable value creation for our policyholders and shareholders. By increasing our exposure to non-bank mortgage loans, we are diversifying our assets, optimizing our returns, and strengthening our positions in the Life business.” - Joris Laenen, Chief Investment & Life Officer bij Ethias
A partnership aligned with “Values 29”
The strengthening of the partnership with Creafin is fully in line with Ethias' ‘Values 29’. Ethias' strategic plan focuses on sustainable and responsible growth. This is achieved by entering into high value-added partnerships, creating shared value and strengthening synergies between partners.
Creafin, an independent player in the Belgian mortgage credit market
To date, Creafin has granted more than €2.5 billion in loans and is the only mortgage lender in Belgium that is not affiliated with a bank. This strategy has placed Creafin in fourth place in the Belgian market for mortgage loans through brokers, just behind the specialised lenders of the major banks. Creafin's model is based on cooperation with institutional investors, including Ethias.
Ethias' capital injection comes on top of that of the Australian bank Macquarie, which acquired 19.50% of the shares in 2024.
Creafin's management is delighted with the important role that Ethias will play as a strategic partner in various areas.
“This investment by Ethias in Creafin strengthens the successful partnership we have built together over the past three years.” – Herman Bruyland, Chairman of the Board of Directors at Creafin NV
“We are making every effort to further expand and strengthen our partnership by developing attractive mortgage loans for consumers and offering them the option of taking out the associated insurance policies with Ethias.” – Marcel Berkhout, Chief Executive Officer and Managing Director at Creafin NV.
Publication 09/09/2025