Investor relations

News and press releases

ma 14 jun 2010KAS BANK launches Depotbank in Germany: As of 1 June 2010, KAS BANK's Wiesbaden branch will offer Depotbank services to the German market. As a Depotbank, KAS BANK’s German Branch acts as a custodian and trustee to German Institutional clients. Following approval by the German regulator BaFin, the first seven funds have been transferred to KAS BANK, with a further 10 scheduled for later this year.

Read more »
do 27 mei 2010No exposure KAS BANK on governments PIIGS countries: Within its investment portfolio KAS BANK does not have direct capital market exposure on governments and local authorities in the PIIGS countries (Portugal, Ireland, Italy, Greece, Spain).

KAS BANK has a very limited direct capital market exposure on financial institutions in the PIIGS countries. This exposure amounts to € 3.2 million and consists of a perpetual loan that was already written down in 2008. There is no direct exposure in Greece and Portugal.
Read more »
di 04 mei 2010Change in Supervisory Board of KAS BANK: The current Chairman of the Supervisory Board of KAS BANK has announced his retirement with direct effect due to personal reasons. Prof. dr. J.M.G. Frijns, Vice Chairman of the Supervisory Board, will temporarily fulfill the position of drs. D.J.M.G. Baron van Slingelandt as Chairman of the Supervisory Board.

Read more »
wo 21 apr 2010Stable first quarter in a still unstable market: Operating profit €4.4 million (Q1 2009: €4.4 million); total profit €5.6 million (Q1 2009: €4.4 million)

Total revenue unchanged despite pressure on commission and interest income; securities lending market recovering more slowly than expected

Assets under administration (AuA) up 21% compared with 1 January 2009 at around €250 billion

Expenses down 5% on Q4 2009

Read more »
wo 21 apr 2010Presentation GSM 21 April 2010: On April 21, 2010 the Annual General Meeting of Shareholders of KAS BANK N.V. was held at the bank's premises. More than 90% of the voting stock was present. Please find attached the presentation by the Chairman of the Managing Board with an explanation of the 2009 results, a presentation on the strategy of the bank and the outlook for 2010.

Read more »
vr 16 apr 2010Change to the KAS BANK AGM agenda: Based on discussions with a number of major shareholders, the Supervisory Board of KAS BANK has decided to withdraw agenda item 9 ('Managing Board Remuneration Policy’) from the agenda of the General Meeting of Shareholders to be held on 21 April 2010.

Read more »
vr 19 mrt 2010Ron Teerlink proposed for appointment to KAS BANK’s Supervisory Board: Press release 19 March 2010

Mr. R. (Ron) Teerlink (1961) is to be proposed for appointment to the Supervisory Board of KAS BANK N.V. Mr. Teerlink is member of the Executive Committee and Chief Administrative Officer of The Royal Bank of Scotland Group plc. The General Meeting of Shareholders of KAS BANK on 21 April 2010 will be asked to approve Mr. Teerlink’s proposed appointment.

Read more »
do 04 mrt 20102009 full-year figures: 12% growth in operating profit and robust balance sheet in a turbulent year: Press release 4 March 2010

Operating profit 12% higher at €21.0 million (2008: €18.8 million)

Total profit €24.6 million (2008: €39.9 million negative), reflecting capital gains on investments and no impairment charges on loan portfolio

Total income up 6%; operating income stable, helped by active interest-rate and investment policy

Expenses in 2009 down around 3% compared with 2008

Year-end 2009 BIS ratio 24% (2008: 18%) and Tier 1 ratio 21% (2008: 15%); risk-weighted assets over 20% lower, reflecting active risk management

Visible equity 15% higher at €193 million

Total dividend €0.73 (2008: €0.45), in line with external financial targets, equating to 61% of the operating profit less intangible assets relating to recent acquisition in Germany.
Read more »
do 04 mrt 2010Presentation full-year figures 2009: Presentation of the 2009 full-year results.

Click here to open the presentation (PDF in new window). Read more »
vr 05 feb 2010Ron Icke proposed for appointment to KAS BANK’s Supervisory Board: Mr. R. (Ron) Icke (1957) is to be proposed for appointment to the Supervisory Board of KAS BANK N.V. Until October 2009, Mr. Icke was CEO of USG People N.V., which is one of the largest listed international staffing organisations in the world and includes Start People, Unique and Content. The General Meeting of Shareholders of KAS BANK on 21 April 2010 will be asked to approve Mr. Icke’s proposed appointment.

Read more »
di 01 dec 2009KAS BANK successfully completes integration of Deutsche Postbank KAG into KAS Investment Servicing: KAS BANK N.V. is pleased to announce that it has successfully migrated the “Kapitalanlagegesellschaft“ (KAG) of the Deutsche Postbank group, Deutsche Postbank Privat Investment Kapitalanlagegesellschaft mbH (PPI), into the German KAG of the KAS BANK group, KAS Investment Servicing GmbH. As was announced on 3 August 2009, the KAS BANK group acquired PPI this summer as part of its strategy to grow its German funds business.

Read more »
do 22 okt 2009Derde kwartaal update KAS BANK: Stabiele ontwikkeling, winst hoger: KAS BANK maintains high capital ratio and strong liquidity position

Revenue in Q3 2009 substantially higher than in Q3 2008

Expenses at similar level to H1 2009 and slightly lower than Q3 2008

Profit for first nine months of 2009 well above 2008 figure and on track to meet the bank’s external profit targets

Read more »
wo 16 sep 2009Neonet has appointed KAS BANK as General Clearing Member in Nordic markets: Further to our earlier press release concerning the inclusion of the Nordic markets to our European integrated clearing and settlement platform, we can now proudly announce that Neonet has selected KAS BANK as its General Clearing Member for the Stockholm segment of NASDAQ OMX. The appointment will become effective as of 9 October, the formal implementation date of the CCP structure.

Read more »
do 20 aug 2009KAS BANK’s results rebound strongly: • Net profit for the first half of 2009 rises to €11.5 million (H1 2008: €9.4 million)
• No impairment losses on investment portfolio or loans and advances; operating result €11.4 million (H1 2008: €14.5 million)
• Expenses 7% lower compared with the second half of 2008
• BIS ratio climbs to 22% as at 30 June 2009 (year-end 2008: 18%); Tier 1 ratio improves to 19% (year-end 2008: 15%)
• 13% return on equity (H1 2008: 9%), well above external financial target
• Interim dividend €0.33 per KAS BANK ordinary share

Read more »
ma 03 aug 2009KAS BANK successfully completes acquisition of Deutsche Postbank fund administration: We are pleased to announce that KAS BANK’s acquisition of the German fund manager Deutsche Postbank Privat Investment Kapitalanlagegesellschaft mbH (PPI) has been finalised, effective as of 1 August 2009.

Read more »
do 16 jul 2009KAS BANK Acquires Fund Administration of Postbank in Germany: KAS BANK N.V. is to acquire Deutsche Postbank Privat Investment Kapitalanlagegesellschaft mbH (PPI), which belongs to Deutsche Postbank Group. An agreement to this effect was signed Wednesday evening in Bonn. Transfer of the shares is scheduled for the end of July. PPI administrates the mutual funds of Postbank Group in Germany. The parties have agreed not to disclose the purchase price.

Read more »
wo 17 jun 2009KAS BANK expands its Equities Platform and Clearing Services to include the Nordic markets: Following the implementation of the Central Counter Party (CCP) structure in the Nordic markets on 9 October 2009, KAS BANK will provide clearing and settlement services to its clients, in its capacity as general clearing member and direct settlement agent in all relevant markets.

Read more »
di 02 jun 2009KAS BANK adds MTF Equiduct to its European platform: KAS BANK has added the alternative trading platform Equiduct to its European network of direct exchange links. KAS BANK will provide clearing & settlement services to its clients in her capacity as General Clearing Member of LCH.Clearnet SA and LCH.Clearnet Ltd. With the addition of Equiduct, KAS BANK is currently linked to 25 regulated and alternative markets across Europe.

Read more »
vr 24 apr 2009KAS BANK the first custodian to sign UN Principles for Responsible Investment: KAS BANK has signed the UN's Principles for Responsible Investment (PRI) and is the first ´pure play´ custodian in the world to do so. KAS BANK shares the view that environmental, social and corporate governance (ESG) issues affect the performance of investment portfolios. The Principles for Responsible Investment provide a solid framework to incorporate these issues into traditional investment portfolios.

Read more »
wo 22 apr 2009Lower first quarter result in turbulent markets: As a consequence of the ongoing financial crisis, KAS BANK’s revenue in the first quarter of 2009 was down slightly on the same period last year, mainly due to the effect of lower prices on commission income, lower stock exchange turnovers and reluctance to engage in securities lending. Interest income was down fractionally compared with the fourth quarter of 2008, partly due to falling long-term interest rates. Expenses showed little change on the first quarter of last year, but were over 10% lower compared with the fourth quarter of 2008. The operating profit in the first quarter of 2009 was € 4,4 million net (2008: € 5,2 million). The bank’s capital adequacy and liquidity positions held up extremely well.

Read more »
vr 13 mrt 2009KAS BANK provides clearing and settlement services to NYSE Arca Europe and SmartPool: Press release 13 March 2009
KAS BANK has added the alternative trading platforms NYSE Arca Europe and SmartPool to its European network of direct exchange links. KAS BANK will also provide clearing & settlement services on these exchanges.

Read more »
do 26 feb 20092008 full-year figures: strong BIS ratio despite impairment losses: Press release 26 February 2009

Profit excluding exceptional items down 20% at €18.8 million (2007: €23.6 million); operating performance as expected in very difficult market conditions

Net profit €39.9 million negative, reflecting impairment losses

BIS ratio increases to 18% as at 31 December 2008 (year-end 2007: 14%), with Tier 1 capital of 15% (year-end 2007: 13%)
Read

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

attached: Balance sheet and Income statement.
Read more »
do 19 feb 20092008 full-year figures: strong bis ratio despite impairment losses: Press release 19 February 2009

KAS BANK publishes provisional results for 2008

Profit excluding exceptional items down 20% at €18.8 million (2007: € 23.6 million); operating performance as expected in very difficult market conditions

Total profit €39.9 million negative, reflecting impairment losses on the bank’s loans and investment portfolio (including Lehman, Madoff and NYSE/Euronext)

Revenue fractionally lower at €132.3 million (2007: €133.2 million)

BIS ratio increases to 18% as at 31 December 2008 (year-end 2007: 14%), with Tier 1 ratio of 15% (year-end 2007: 13%)
Read more »
ma 02 feb 2009Sikko van Katwijk to join KAS BANK's Managing Board: The Supervisory Board of KAS BANK proposes to appoint Sikko van Katwijk to the Managing Board of KAS BANK N.V. in the post of Chief Commercial Officer. Sikko van Katwijk will succeed Hans Kadiks as member of the Managing Board.

Read more »
ma 26 jan 2009SNS Asset Management chooses KAS BANK as its custodian: SNS Asset Management, part of the Dutch banking and insurance provider SNS REAAL, will outsource its securities services to KAS BANK N.V., in consultation with its clients. The formal agreement to outsource the administrative securities process to KAS BANK follows a letter of intent from KAS BANK and SNS REAAL mid 2008. The transition of securities portfolios is expected to commence on 1 April 2009.

Read more »
do 08 jan 2009PGGM places part of its securities under custody with KAS BANK: A part of the European securities portfolio that PGGM manages on behalf of the Dutch Pensioenfonds Zorg en Welzijn is to be placed under custody with KAS BANK. Both companies agreed to this, continuing the existing cooperation between PGGM and KAS BANK.

Read more »
di 16 dec 2008KAS BANK exposure to Madoff fraud: Through one of its clients, KAS BANK has exposure to underlying investments as a result of the large-scale fraud involving Bernard L. Madoff Investment Securities LLC. A material write-down of these investments could result in an unsecured claim. The extent of the potential loss cannot yet be established precisely, but will not exceed EUR 9 million net. To the best of our knowledge, there is no further exposure via other parties related to KAS BANK.
Read more »
vr 14 nov 2008ING transfers KAS BANK holding to Parcom: With effect from November 10th 2008, ING Groep N.V. has transferred its interest in KAS BANK to Parcom Quoted Equity Management B.V., a 100% subsidiary of ING. Both ING and Parcom have reported this internal shift to the Netherlands Authority for the Financial Markets (AFM) within the scope of the Notification of Control in Listed Organisations. Parcom now holds an interest of 7.9% in KAS BANK N.V.

The interest of Andringa Beheer has fallen below 5%, Andringa Beheer recently reported to the Netherlands Authority for the Financial Markets (AFM).
Read more »
di 21 okt 2008Credit crisis results in disappointing quarter: Press release 21 October 2008 (amended, amended text coloured)

Despite a growth in client numbers, turnover is slightly decreased while profits are strongly lower as a result of the credit crisis

Solvency and liquidity remain strong

Additional impairment of € 6–8 million above the € 15 million announced previously

Further measures taken to improve profitability

Read more »
do 16 okt 2008Interest Minefa Holdings B.V. in KAS BANK below 5%: Minefa Holdings B.V. has reduced it's interest in KAS BANK to 2,7%. This has been reported today to KAS BANK and to the Netherlands Authority for the Financial Markets (AFM) within the scope of the Notification of Control in Listed Organisations. Minefa had reported in August that it had acquired an interest in KAS BANK of 5,2%.

Read more »
di 07 okt 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.

Read more »
ma 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.

Read more »
do 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.
Read more »
do 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.

Read more »
do 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
Read more »
ma 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.

Read more »
do 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.

Read more »
ma 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.
Read more »
di 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.”

Read more »
di 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.

Read more »
di 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.

Read more »
ma 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.

Read more »
do 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.

Read more »
wo 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.

Read more »
vr 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.

Read more »
do 27 mrt 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.
Read more »
di 04 mrt 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.

Read more »
do 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.
Read more »
wo 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.

Read more »
di 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.

Read more »
do 25 okt 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 »
ma 01 okt 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
Read more »
do 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
Read more »
wo 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
Read more »
wo 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.

Read more »
ma 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.
Read more »
di 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.

Read more »
wo 28 mrt 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.
Read more »
do 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

Read more »
di 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.

Read more »
di 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.

Read more »
di 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.

Read more »

[<<Vorige][Volgende>>]

I want to receive an e-mail when a new press release has been published
Name E-mail address