Edition:
United Kingdom

Binckbank Q1 Net Interest Income Almost Flat YoY At EUR 8 mln


Tuesday, 23 Apr 2019 

April 23 (Reuters) - BinckBank NV ::REG-BINCKBANK N.V. TRADING UPDATE FIRST QUARTER 2019.NUMBER OF TRANSACTIONS 19Q1 3% LOWER THAN 18Q1 AND 2% LOWER THAN 18Q4.IN 19Q1 ASSETS UNDER MANAGEMENT INCREASED WITH EUR 69 MILLION TO EUR 959 MILLION ON A NET BASIS.NET EARNINGS PER SHARE 19Q1 EUR 0.05 (18Q4: EUR 0.12; 18Q1: EUR 0.13).Q1 NET RESULT EUR 3.5 MILLION VERSUS EUR 8.5 MILLION YEAR AGO.OPERATING EXPENSES FOR 19Q1 AMOUNTED TO € 28.1 MILLION, REMAINED IN LINE WITH THE SAME PERIOD IN 2018 (18Q1: € 28.2 MILLION)..BINCKBANK DOES NOT GIVE ANY SPECIFIC OUTLOOK FOR 2019.NET INTEREST INCOME FOR 19Q1 REMAINED IN LINE WITH 18Q1 AND AMOUNTED TO € 8.0 MILLION (18Q1: € 7.9 MILLION).MANAGEMENT BOARD, SUPERVISORY BOARD UNANIMOUSLY SUPPORT SAXO BANK TRANSACTION.THEY RECOMMEND THAT SHAREHOLDERS ACCEPT OFFER AND VOTE AT GENERAL MEETING IN FAVOUR OF RESOLUTIONS RELATING TO OFFER.