AXA announced today that it has completed the sale of its Belgian banking operations, AXA Bank Belgium, to Crelan Bank NV/ SA, for a total consideration 1 of Euro 691 million, comprised of a net cash consideration of Euro 611 million 2, and the transfer to AXA Belgium of 100% of Crelan Insurance 3. In addition, AXA andCrelan have enteredinto a long-term P&C.