Recovery of results in H2; strategic initiatives on track

KAS BANK

Press release 2nd March 2017

  • Net operational result in 2016 of EUR 8.2 million (H2: EUR 7.3 million and H1: EUR 0.9 million; FY2015: 11.1 million). Total net result of EUR 14.9 million (H2: EUR 14.0 million and H1: EUR 0.9 million; FY2015: EUR 15.3 million).
  • Operating expenses decreased 7% and KAS BANK’s operating income declined by 8%.
  • Strategic focus has resulted in steps taken towards our ambition to become the best administration bank.
  • Assets under Administration increased by 9% from EUR 464 billion to EUR 504 billion at year-end 2016.
  • Average capital ratio (26%) and liquidity coverage ratio (225%) remain at a high level.
  • Fitch Ratings recognition of our financial robustness with reconfirmation of A- rating with stable outlook.
  • Dividend of EUR 0.64 is in line with previous years, dividend yield of 7.6% (2015: 6.0%).

Download the press release as PDF here.