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BinckBank starts 2018 with a strong Q1 result

BinckBank starts 2018 with a strong Q1 result:

  • Number of transactions in 18Q1 27% higher than 17Q4 and 29% higher than 17Q1
  • Record number of transactions in Italy and Belgium
  • Net earnings per share 18Q1: € 0.13 (17Q4: € 0.07; 17Q1: € 0.02)
  • Collateralised lending increases to over € 600 million
  • Decrease in operating expenses partly as a result of lower amortisation of intangible assets
  • Cost/income ratio for 18Q1: 71%
  • BinckBank introduces new competitive price plan
  • New price plan introduces `combination discount` for customers with multiple Binck products
  • BinckBank launches `Binck Sparen` (`Binck Savings`) in the Netherlands
  • Initial application of IFRS 9 as per 1 January 2018 impacts equity with € 1.9 million (decrease)  

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Source: BinckBank N.V. via GlobeNewswire