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BRIEF-Kas Bank H1 operating income up at 53.6 million euros ‍​
September 8, 2017 / 7:06 AM / 3 months ago

BRIEF-Kas Bank H1 operating income up at 53.6 million euros ‍​

Sept 8 (Reuters) - KAS BANK NV:

* H1 NET RESULT OF EUR 8.5 MILLION (H1 2016: EUR 0.9 MILLION).‍​

* H1 OPERATING INCOME INCREASED BY 4% TO EUR 53.6 MILLION (H1 2016: EUR 51.6 MILLION)‍​

* DISTRIBUTION OF AN INTERIM DIVIDEND OF EUR 0.33‍​

* H1 CAPITAL RATIO OF 35% AND THE LIQUIDITY COVERAGE RATIO OF 214% REMAIN STRONG ‍​

* H1 OPERATING EXPENSES ARE 17% LOWER AT EUR 42.4 MILLION (H1 2016: EUR 51.2 MILLION)‍​

* SEES INCREASE OF INVESTMENTS IN H2 2017

* ONGOING CONSOLIDATION IN THE DUTCH PENSION AND INSURANCE MARKET WILL RESULT IN A LOWER LEVEL OF ASSETS UNDER ADMINISTRATION AT THE END OF 2017‍​

* IN H2 ANTICIPATES THE COST DECLINE TO CONTINUE AT LOWER PACE, THAN IN H1 2017‍​ Source text: bit.ly/2f7Z6jc Further company coverage: (Gdynia Newsroom)

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