Institutional growth at KAS BANK continues in Q3

  • Assets under Administration increased in the third quarter by 7% to € 385 billion; growth in commission revenue at Asset Services was 7%, partly thanks to additional revenues from the custodial function under the new AIFMD regulations
  • Turnover to the end of the third quarter increased 12% to € 98 million due to a one-time gain in H1 2014
  • Profit to the end of the third quarter increased to € 23.9 million; operating profit over 50% higher at € 10.0 million
  • Solvency remains high at 22%

Read the full text of the press release Institutional Growth Continues at KAS BANK continues in Q3 as a PDF here (opens in a new window).