KAS BANK N.V. and Deutsche WertpapierService Bank AG (dwpbank) have reached agreement in principle on a partnership regarding retail and wholesale services. They have signed a Memorandum of Understanding (MoU). KAS BANK is market leader in the Netherlands in Wholesale Securities Services, dwpbank is market leader in Germany in Securities Services.
Albert Röell, chairman of the KAS BANK Managing Board: "KAS BANK focuses exclusively on wholesale securities services. Therefore the bank has an inherently low risk profile, combined with stable operational results over several years and a consistent return. The outcome of the stress test confirms KAS BANK’s low risk profile, our strong and transparent balance sheet and the high quality of our investment portfolio. Our solid financial position corresponds with our A- long-term and A-2 short-term ratings that Standard & Poor’s reaffirmed in 2010.”
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