Operating profit increases more than 20% in declining market

- Operating turnover after deduction of individual items increased by 5 percent thanks mainly to turnover growth on the Dutch institutional market; in May 2012 KAS BANK was named ‘European Custodian of the Year’ in London
- Operating profit after deduction of individual items was € 6.1 million higher than H1 2011, an increase of 24 percent at € 8.2 million, total profit was 19 percent lower mainly as the result of lower sales results on investments
- Total costs increased 1 percent compared to H1 2011 as a direct result of the preparations for the partnership with dwpbank. Costs declined by 2 percent with respect to H2 2011
- Interim dividend unchanged at € 0.33 (2011: € 0.33)

Read the full text of our press release including the condensed consolidated Balance Sheet and condensed consolidated Income Statement (PDF in a new window).