Investor relations

News and press releases

Tue 07 Oct 2008KAS BANK: no exposure to Fortis Holding: Press release 7 October 2008

In response to the continuous unrest on the financial markets, KAS BANK announces today that the bank has no exposure to Fortis Holding (Belgium). KAS BANK does not hold shares, bonds or any other position in Fortis. Furthermore, KAS BANK is not involved with any money market instruments relating to Fortis, and there are no existing securities lending relationships. KAS BANK’s clearing and settlement services relate to Fortis Netherlands only, of which the Dutch government is the sole shareholder.

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Mon 29 Sep 2008Rolf Kooijman nominated as CFO at KAS BANK: As of 1 January 2009 R. (Rolf) J. Kooijman RA (1961) will be appointed as Chief Financial Officer of KAS BANK N.V. At this moment Mr. Kooijman is Director Group Finance & Control at Delta Lloyd Group in Amsterdam.

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Thu 25 Sep 2008KAS BANK expands European network with MTF NASDAQ-OMX Europe: Press release 25 September 2008

With effect from Friday 26 September 2008, KAS BANK N.V. acts as General Clearing Participant for NASDAQ-OMX, the new pan-European alternative trading platform that was launched today. With this new direct link we enable accredited firms to clear and settle their trades on NASDAQ-OMX through our unique European clearing and settlement platform. In total, we now offers our clients a direct link to nineteen European markets, Hong Kong, Dubai and the USA.
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Thu 18 Sep 2008Situation with Lehman Brothers causes losses for KAS BANK: Press release 18 September 2008

As a result of the situation at Lehman Brothers KAS BANK reports that the bank is holding a bond portfolio with a gross value of € 8 million. Additionally, KAS BANK has claims on Lehman Brothers with a gross value of € 12 million from the liquidation of the securities lending portfolio, and as a result of the abnormal fluctuations of the stock exchanges during the last days. The expected net effect on profits for 2008 will be approximately € 8 till 10 million.

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Thu 28 Aug 2008Limited revenue growth in a turbulent market: Press release 28 August 2008

Rising interest income and stable commission income generate 6% growth in revenue

Profit excluding exceptional items €14.5 million (2007: €15.6 million), the product of reduced client activity, lower market prices and expenses in line with expectations

Exceptional expense due to impairment loss of €5.0 million on shareholding in NYSE/Euronext (2007: +€13 million). No further impairment of the bond portfolio (2007: €1.1 million) expected in the current market conditions

High BIS ratio of 16% as at 30 June (year-end 2007: 14%), reflecting strong focus on risk management

Recently completed acquisition in Germany has strengthened our independent market position and will have a slight effect on our 2008 result
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Mon 18 Aug 2008KAS BANK expands European network with MTF Turquoise: With effect from Monday 18 August 2008, KAS BANK N.V. acts as General Clearing Participant for Turquoise, the new pan-European alternative trading platform that was launched today. With this new direct link KAS BANK enables accredited firms to clear and settle their trades on Turquoise through KAS BANK’s unique European clearing and settlement platform. In total KAS BANK now offers its clients a direct link to eighteen European markets, Hong Kong, Dubai and the USA.

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Thu 14 Aug 2008Minefa Holdings B.V. new major shareholder KAS BANK: With effect from 8 August 2008, Minefa Holdings B.V. has acquired an interest of 5.2% in KAS BANK. The interest has been reported to the Netherlands Authority for the Financial Markets (AFM) today within the scope of the Notification of Control in Listed Organisations.

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Mon 04 Aug 2008KAS BANK included in AScX-index: As of 2 September 2008 KAS BANK N.V. will be included in NYSE Euronext's Amsterdam Small cap Index (AScX-index). This promotion from the category Remaining shares to the AScX-index is the result of the interim review of the indices by NYSE Euronext. KAS BANK was considered for this promotion based on the increased trading volume of KAS BANK's shares measured over the period July 2007-June 2008.
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Tue 22 Jul 2008KAS BANK voted Custodian of the Year: KAS BANK was voted Custodian of the Year at the inaugural European Pensions Awards, held on Thursday 17 July, at the Grosvenor House Hotel in London.

These awards, an initiative of the pan-European pensions publication, European Pensions, are dedicated to recognising outstanding achievement across the varied fields of European pensions provision, including consultancy, investment management and custody.

KAS BANK was awarded Custodian of the Year from a shortlist of five custodians that had proved themselves to be leaders in this field – with their excellence, innovation and dedication to meeting pension funds’ demands in today’s challenging market.

In their citation, the judges declared that KAS BANK, “had an excellent client focus, boasted innovation and is a clear and dedicated specialist in this field.”

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Tue 08 Jul 2008KAS BANK expands European network with Austria: With effect from Monday 7 July 2008, KAS BANK N.V. acts as General Clearing Member for the Austrian market, which will enable both local brokers and remote members to settle exchange trades through KAS BANK’s European clearing and settlement platform. In total KAS BANK now offers its clients a direct link to seventeen European markets, Hong Kong, Dubai and the USA.

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Tue 01 Jul 2008KAS BANK N.V. advances its European growth with strategic acquisition in German institutional market: Press release 1 July 2008

In pursuit of its strategy for growth in Western Europe, KAS BANK N.V. has made a significant acquisition in Germany. KAS BANK’s exclusive talks with Delta Lloyd Deutschland AG have resulted in the acquisition of Delta Lloyd Investment Managers GmbH. With this acquisition KAS BANK advances its growth in Western Europe.

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Mon 09 Jun 2008SNS REAAL and KAS BANK negotiate outsourcing SNS Bank securities services: Press release 9 June 2008

SNS REAAL intends to outsource securities processing to KAS BANK. Both parties signed a letter of intent today. The outsourcing will include back office activities for SNS Bank’s securities services, which involves approximately 35 employees. Outsourcing these activities to KAS BANK will enable SNS REAAL to process transactions more efficiently.

KAS BANK focuses entirely on securities services and pursues a pure-play strategy, both of which are perfectly in line with the needs of major financial companies such as SNS REAAL. The deal will strengthen KAS BANK’s position in the field of securities services, affording it the opportunity to expand its activities even further.

Both parties expect to reach an agreement by the end of 2008’s third quarter.

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Thu 05 Jun 2008KAS BANK N.V. has entered into discussions on an exclusive basis with Delta Lloyd Deutschland AG to take over fund administration activities in Germany: Press release 5 June 2008

KAS BANK N.V. is presently in an advanced stage of discussion on an exclusive basis with Delta Lloyd Deutschland AG, with regard to the possible take over of fund administration activities of Delta Lloyd in Germany.

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Wed 23 Apr 2008Revenue growth amid market unrest: Press release 23 April 2008

The first quarter of 2008 saw continuing unrest on the financial markets. One of the consequences was that the increase in commission income was modest.

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Fri 18 Apr 2008KAS BANK and Addition Group in Addition Knowledge House: Press release 18 April 2008

With effect from April 2008, KAS BANK N.V. and Addition Group participate each with a 50% interest in the new ICT organisation Addition Knowledge House B.V. (AKH). The new organisation will provide specialists in the area of (system) development in a .NET, Java and Adabas/Natural environment. Due to the scarcity in Adabas specialists, AKH expects a high demand in Europe particularly in this area. AKH is preferred supplier of Software AG, supplier of Adabas/Natural systems.

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Thu 27 Mar 2008Jean Frijns proposed as supervisory director at KAS BANK: Press release 27 March 2008

Prof. dr. J.M.G. Frijns (1947) will be proposed as new supervisory director at KAS BANK N.V. Until 2005, Mr. Frijns has been Director of Investments and member of the General Management at Pension Fund ABP. KAS BANK’s General Meeting of Shareholders will make a decision regarding the proposed appointment on 23 April 2008.
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Tue 04 Mar 2008KAS BANK launches integrated back-office outsourcing service: KAS BANK, the independent European securities specialist, has launched a full back-office processing service to augment its existing range of clearing, settlement and custody solutions.

The new service, provided by KAS BANK’s Broker Services Division lead by René Hoogeland, will consolidate previously separate functions on a single, robust platform and limit the transfer of data between external parties. This will in turn improve speed and efficiency, reduce scope for error and allow full scalability. The end result is a service delivering excellent value for money and market-leading STP rates.

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Thu 21 Feb 2008KAS BANK maintains income and profit growth: Press release 21 February 2008

Profit including exceptional items was over 90% higher at €50.9 million. Excluding exceptional items, profit was up 22% at €23.6 million.

15% client-driven income growth due to influx of new clients, cross-selling and increased transaction volumes.

All financial targets were met; turbulence on financial markets had a very limited effect on KAS BANK.

High 76% pay-out ratio underlines confidence in the future and KAS BANK’s strong financial position.
Read

the full text of the Press release (PDF in a new window)

attached: Balance sheet and

Income statement.
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Wed 23 Jan 2008Change in Managing Board: Press release 23 January 2008
KAS BANK announces that the Supervisory Board of KAS BANK has reached an agreement with Drs. J.S.A. (John) van Scheijndel, CFO of KAS BANK, concerning the termination of his employment as per 1 September 2008.

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Tue 08 Jan 2008KAS BANK extends its European network to Asia: Press release 8 January 2008
With effect from February 2008, it will be possible to trade directly on the floor of the Hong Kong stock exchange via KAS BANK’s European clearing and settlement platform.

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Thu 25 Oct 2007Slowdown of profit growth in third quarter: Press release 25 October 2007
KAS BANK closed the third quarter of 2007 with an anticipated slowdown in the increase of profits compared to the first half year, as a result of fluctuating volumes and a limited increase of costs. Read more »
Mon 01 Oct 2007Delta Lloyd Group notifies capital interest of 12.7% in KAS BANK: Press release 1 October 2007

Delta Lloyd Group notifies capital interest of 12.7% in KAS BANK

Fortis sells its shareholdings in KAS BANK
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Thu 06 Sep 2007Favourable business development combined with substantial rise in profit: Press release 6 September 2007

Business operations broadly contribute to solid growth in turnover

Increased profits, not including exceptional items, of 33% to € 15.6 million. Including exceptional items, profits rise to € 42.3 million (+ 109%)

All financial targets met with lower operating costs and a conservative risk profile

Further strengthening of KAS BANK's independent position in wholesale securities services
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Wed 11 Jul 2007KAS BANK fully compliant with MiFID: Press release 11 July 2007

KAS BANK fully compliant with MiFID

KAS BANK is General Clearing Participant of Chi-X
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Wed 25 Apr 2007Growth in commission combined with cost control favourable for KAS BANK: Press release 25 April 2007
As expected, KAS BANK closed the first quarter of 2007 with a positive result. Despite the continuing pressure on charges for basic services, the growth in commission was favourable, with costs being kept under control in line with the picture for 2006. However, interest earnings were again less than hoped for as a result of the low interest rate and the flat yield curve.

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Mon 16 Apr 2007KAS BANK realizes a net gain on NYSE/Euronext transaction: Press release 16 April 2007
KAS BANK has realized a net gain of approximately € 13 million on the exchange of its existing stock holds in Euronext in a combination of cash and new stock as offered by the NYSE/Euronext as per 16 April 2007.
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Tue 03 Apr 2007Transfer private banking activities from KAS BANK to Nachenius Tjeenk completed: Press release 3 April 2007
On 1 April 2007, the transfer of the private banking activities of KAS BANK to Nachenius Tjeenk has been completed, following the approval of the Dutch Central Bank. The transaction involved the transfer to Nachenius Tjeenk of about EUR 750 million previously under management of KAS BANK. Nachenius Tjeenk also acquired Associatie Cassa, the company within KAS BANK which provided fiduciary services to private banking clients.

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Wed 28 Mar 2007Rik van Slingelandt nominated for appointment to Supervisory Board KAS BANK: Press release 28 March 2007
Mr. D.J.M.G. (Rik) Baron van Slingelandt (1946) will be nominated for appointment to the Supervisory Board of KAS BANK. On 25 April 2007, the General Meeting of Shareholders will decide upon his appointment.
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Thu 22 Feb 2007Considerable profit increase at continuous growth in revenues: Press release 22 February 2007

Profit increase including income arising from sale of shareholdings to €26.6 million

Lower results 2nd half of 2006 due to unfavourable interest rate structure and non-recurring reorganisation costs in the United Kingdom

KAS BANK focuses entirely on European wholesale market following the announced transfer of non-wholesale activities

High payout ratio of 78% underlines the confidence in the future and KAS BANK's strong financial position

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Tue 06 Feb 2007KAS BANK transfers private banking activities to Nachenius Tjeenk: Press release 6 February 2007
KAS BANK and Nachenius Tjeenk have reached agreement on the transfer of the private banking activities of KAS BANK to Nachenius Tjeenk. The transaction will involve the transfer to Nachenius Tjeenk of about EUR 750 million currently managed by KAS BANK. As part of the transaction, Nachenius Tjeenk will also acquire Associatie Cassa, the company within KAS BANK providing fiduciary services to the private banking clientele. The transaction is subject to the approval of the Dutch Central Bank (de Nederlandsche Bank - DNB) and is expected to be completed in the second quarter of 2007.

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Tue 09 Jan 2007KAS BANK develops direct connectivity to US stock exchanges: Press release 9 January 2007
Due to the intended merger between NYSE and Euronext, KAS BANK will expand its current network of direct connections throughout Europe with all leading stock exchanges in the United States. For this purpose, an agreement has been concluded with a local specialist based in New York. The expanded network will enable trading and settlement in shares, bonds and derivatives through KAS BANK’s systems in the United States in addition to Europe, and, US parties can also directly make use of KAS BANK’s systems in Europe. The expectations are that the direct connection will be effected during the first quarter of 2007.

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Tue 05 Dec 2006KAS BANK reorganises KAS UK Branch: Press release 5 December 2006
London, 4 December 2006 - KAS BANK N.V. changes the organisational structure of the KAS UK Branch in London as of 1 January 2007. The general management of the Branch will fall under the Managing Director of the KAS BANK UK Branch. The Managing Board has appointed Laurens Vis as Managing Director. Mr. Vis will report to Hans Kadiks, responsible for Marketing, Sales & Relationship Management within the Managing Board of KAS BANK.

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