BinckBank closes the year with a good result - Seite 2

· Cost/income ratio FY15 excl. IFRS depreciation and amortisation at 64% within the medium term target of 65% (FY14: 72%)

· Development of the new 'Rethink Binck' strategy 

Annual result in 2015

· Total income from operating activities up 3% to € 170.2 million (FY14 € 165.7 million)

· Adjusted net profit up 32% at € 55.5 million (FY14: € 42.0 million excluding non-recurring profit from the sale of BeFrank of € 15.5 million)

· Adjusted net earnings per share of € 0.79 (FY14: € 0.60 excluding non-recurring profit from the sale of BeFrank of € 0.22)

· Assets under administration € 20.6 billion (FY14: € 18.5 billion)

· Assets under management at Alex Asset Management € 1.7 billion (FY14: € 2.0 billion)

 

· Proposed final dividend of € 0.25 per share (FY14: € 0.31)

 Result for the fourth quarter of 2015

· Adjusted net result in 15Q4 positively affected by performance fees for Alex Asset Management (€ 3.6 million for 2015)

· Total income from operating activities 15Q4: € 39.9 million (14Q4: € 41.9 million)

· Transaction volume 15Q4 2.0 million (14Q4: 2.3 million)

· Adjusted net result 15Q4 € 11.6 million (14Q4: € 12.7 million)

· Adjusted net earnings per share 15Q4 € 0.16 (14Q4: € 0.18)

Improvement of customer experience

· Podium position for BinckBank Netherlands in the Gouden Oor award for most customer-oriented business

· Award for BinckBank France with the Label d'Excellence by Les Dossiers de l'Épargne

· Award for BinckBank Belgium as best derivatives provider by Euronext Brussels

· Customer panel in the Netherlands increased to 450 members with the aim of better understanding customer needs through customer intimacy and to design our services and customer experience accordingly

Operational excellence

· Appointment of Chief Operations Officer (COO) to complement the executive board

· Migration of BinckBank France on schedule (completion in 16Q1). The retail operations in the Netherlands, Belgium, Italy and France will then have been brought to a single platform

· In 2015 BinckBank started on a careful phase-out of its BPO activities. This will be continued in the period 2016 - 2018

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Source: BinckBank N.V. via Globenewswire

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