Solid year for KAS BANK, strengthening core business

  • Net result from operations increased with 18% to EUR 15.4 million (2014: EUR 13.0 million) with solid contributions across the board. Total net result of EUR 15.3 million (2014: EUR 24.3 million).
  • Focus strategy paying off with positive traction experienced within the core business activities of the bank. All institutional segments contributing to top line with higher gross income numbers. Pensions and insurance segments gross income increased by >15%. Transaction Banking remains a solid base and contributor.
  • Expansion of product range resulted in an increase of new business in particular in risk advisory services.
  • Higher costs due to increase of pension costs and planned business and operations improvements.
  • Capital ratio remains stable at an average of 20%, which emphasizes our low risk strategy.
  • Dividend pay-out maintained at EUR 0.64 (2014: EUR 0.64) and a dividend yield of 6%.

Read the full text of the press release Solid year for KAS BANK, strengthening core business including the Consolidated Balance Sheet and Consolidated Income Statement (PDF in a new window).