Q3: Solid results and successful office move

KAS BANK

Press release 19 October 2017

  • Total net result of EUR 4.4 million (Q3 2016: EUR 2.1 million)
  • Operating income of EUR 26.9 million (Q3 2016: EUR 27.3 million)
  • Operating expenses of EUR 21.0 million (Q3 2016: EUR 24.6 million)
  • Capital ratio and liquidity coverage ratio remain strong



In the third quarter, our operating income was EUR 26.9 million (Q2 2017: 25.3 million) and our operating expenses remained stable at EUR 21.0 million (Q2 2017: 20.8 million). As a result, the total net result is EUR 4.4 million (Q2 2017: EUR 3.4 million). The increase in operating income in this quarter was the result of higher, client related trading income. The operating expenses were impacted by additional costs incurred for the transfer of our IT operations and the move to our new office. Our outlook for 2017 remains unchanged.

By the end of this month, we will have relocated to our new office in Amsterdam Zuidoost. This office is a modern and spacious building and is fully aligned with the integrated setup of our services.


Download our press release here as PDF (opens in new window).