Institutional Growth Continues at KAS BANK continues in Q3

Press release
Date:
29 October 2014
For information:
Mark Stoffels
T: +31 20 557 57 93
I: www.kasbank.com
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Assets under Administration increased in the third quarter by 7% to € 385
billion; growth in commission revenue at Asset Services was 7%, partly thanks to
additional revenues from the custodial function under the new AIFMD regulations
Turnover to the end of the third quarter increased 12% to € 98 million due to a
one-time gain in H1 2014
Profit to the end of the third quarter increased to € 23.9 million; operating profit
over 50% higher at € 10.0 million
Solvency remains high at 22%
The third quarter was characterised by continuing growth in the institutional key markets. The
pension sector in particular showed healthy growth. Awareness is growing in this segment that
cost transparency and being permanently able to anticipate changes in regulation on time (for
instance surrounding the new financial assessment framework in the Netherlands, the ‘look
through’ rules, collateral management, and the reporting on derivatives transactions under EMIR)
require a local partner.
KAS BANK is close to the market, puts the focus on the interests of the pension sector and can quickly
and effectively translate developments into both its existing and new services. KAS BANK offers its
institutional clients transparency on both direct investments and funds by means of independent reports
on cost structures, compliance and insight into underlying transactions. This approach is partly
motivated by the fact that supervision and regulation is becoming increasingly important and
contributes significantly to the need for pension funds to be fully in control of their investments.
The costs decreased by just over 10% compared to the first nine months of 2013. The decrease in costs
stabilised in the third quarter, compared to the first six months of 2014.
The financial markets were turbulent once again. The interest rate levels in the Netherlands and
Germany are now at an historic low, which may well simplify these countries’ financing, but is
increasingly forcing investors to seek out other securities. The ECB measures aimed at stimulating
the European economy, including charging liquid investors (such as pension funds and insurance
companies) negative interest, are putting growing pressure on these parties. In this complex
market environment, KAS BANK maintains its conservative risk profile, whereby surplus liquid
assets are placed with the central banks.
Disclaimer: Although the information in this press release has been put together with the utmost care and, in KAS BANK's
opinion, accurately presents the state of affairs at the time of publication, KAS BANK cannot guarantee that this information is
and/or will remain accurate and complete. KAS BANK therefore accepts no liability for damage or loss resulting from the use of,
reliance on or actions or omissions in response to the information in this press release.
Press release
Profile of KAS BANK N.V.
KAS BANK N.V. is a European specialist in providing wholesale securities services and risk and reporting services to
professional parties in the pensions and securities industries.
KAS BANK’s strategy is based on ‘pure play’. This underscores KAS BANK’s complete neutrality and independence. A
low risk profile is an integral part of our service provision. KAS BANK’s low risk profile is also reflected in the quality
of the balance sheet and the high solvency ratio.
KAS BANK builds a bridge between the financial markets and the needs of its clients. We translate market standards
into client-oriented solutions that reduce the complexity of the market, thus providing added value and continuity for
our clients and for KAS BANK as well. Standardisation and transparency are priorities in our service provision. This is
achieved through a proactive approach, progressive information technology and optimal process control. By
outsourcing their administrative services to KAS BANK, our clients can focus fully on their own core activities.
KAS BANK, founded in 1806, is listed on the stock exchange of NYSE Euronext Amsterdam. As a European company
with a strong international orientation, we have offices in Amsterdam, London and Frankfurt.
Disclaimer: Although the information in this press release has been put together with the utmost care and, in KAS BANK's
opinion, accurately presents the state of affairs at the time of publication, KAS BANK cannot guarantee that this information is
and/or will remain accurate and complete. KAS BANK therefore accepts no liability for damage or loss resulting from the use of,
reliance on or actions or omissions in response to the information in this press release.

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