KAS 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.
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