Ownership office building Spuistraat transferred

Ownership of the former office building of KAS BANK at Spuistraat 172, Amsterdam, has been transferred today December 20, 2013.

KAS BANK has previously stated that the sale of the office building would result in a release of the revaluation reserve of approximately € 7.5 million. In accordance with IFRS, this amount will be transferred from revaluation reserve to retained earnings and remains a part of capital.