BinckBank achieves net profit of € 22.2 million for 18H1 (17H1: € 2.1 million)
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Highlights of the first half year of 2018
- Result after tax 18H1 € 22.2 million (17H1: € 2.1 million)
- Net earnings per share 18H1 € 0.33 (17H1: € 0.03)
- Sale of Think ETF Asset Management contributes € 8.1 million to the net result Proposed interim-dividend 18H1 € 0.13 per share (17H1: € 0.03)
- Number of transactions shows a substantial increase with a record for Italy
- Total income from operating activities grows by 1%, when taking account of the effects from the divestment of Able and the wind down of the BPO activities the revenue would have grown by 9%
- Operating expenses down by 19% compared to 17H1
- New competitive price plan in the Netherlands promoted more stable income
- Collateralised loans remain high during 18H1 on balance above € 600 million
- Assets under administration reach all time high in 18H1 at € 26.8 billion
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Source: BinckBank N.V. via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BinckBank N.V. via Globenewswire
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