Positive start for BinckBank

  • Adjusted net result per share 17Q1 € 0.12 - higher than 16Q4 and in line with 16Q1.
  • Net interest income in 17Q1 increased with 3% compared to 16Q4 due to positive contribution of the mortgage portfolio.
  • Net fee and commission income in 17Q1 decreased with 3% compared to 16Q4, mainly due to lower income from asset management - transactional based income higher than 16Q4 and 16Q1.
  • In 17Q1 5% increase in transactions compared to 16Q4; quarterly record for Italy.
  • Services to asset managers (B2B) welcomes new clients and in this quarter processed the highest number of transaction since 15Q1.
  • Income from Binck turbo's increased to € 1.3 million in 17Q1. Product offering of turbo's expanded.
  • As per 3 April 2017, BinckBank acquired the activities of fintech company Pritle. With this transaction BinckBank accelerates the implementation of the strategy.
  • Associate TOM announces a controlled wind down of the activities - additional expenses recorded (€ 0.02 per share).
  • BinckBank starts sponsoring of professional cycling. Eneco tour will become the BinckBank tour for the upcoming years.

Contact details:
Harmen van der Schoor
+31 20 522 0378
pers@binck.nl 

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Source: BinckBank N.V. via Globenewswire