Solid performance first half 2017

  • Net result of EUR 8.5 million (H1 2016: EUR 0.9 million).
  • Operating income increased by 4% to EUR 53.6 million (H1 2016: EUR 51.6 million).
  • Operating expenses are 17% lower at EUR 42.4 million (H1 2016: EUR 51.2 million).
  • Distribution of an interim dividend of EUR 0.33 (interim dividend 2016 nil).
  • Capital ratio of 35% and the liquidity coverage ratio of 214% remain strong.

Read the full press release Solid performance first half 2017 here (PDF opens in a new window).

Chairman’s statement

We are proud of our performance over the first half of 2017

“We are proud of our performance over the first half of 2017. The transformation of KAS BANK is proceeding well. The main part of the restructuring is completed. The emphasis is on improving the quality of services for our clients and increasing efficiency, including the reduction of costs. The transformation clearly delivers its benefits”, according to Sikko van Katwijk - the Chairman of the Managing Board. “This year, we focus on delivering a better performance for our clients and shareholders. We will continue this approach, while increasing our efforts to improve organic growth of our business.”