BinckBank N.V. trading update first quarter 2017.
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Posted On: 04/24/2017 2:00:16 AM
BinckBank N.V. trading update first quarter 2017. Positive start for BinckBank
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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