KAS BANK N.V. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
KAS BANK N.V. reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported interest income of €16,300,000 against €21,375,000 a year ago. Net interest result was €8,036,000 against €12,717,000 a year ago. Total operating income was €51,593,000 against €62,433,000 a year ago. Profit before tax was €362,000 against €11,118,000 a year ago. Net results for the period were €873,000 against €8,307,000 a year ago. Net results attributable to bank shareholders were €873,000 against €8,290,000 a year ago. Basic and diluted earnings per share were €0.06 against €0.56 per share a year ago. Return on equity was 1% compared to 8% a year ago.