NETHERLANDS - KAS Bank has reported "healthy" growth in 2005, helped in particular by commission income although interest income fell somewhat short due to low interest rates.
KAS said an increase in added-value services - including treasury and risk management - had made a positive impact, and also reported “steady” development in the European business.
Albert Röell, chairman of the managing board at KAS Bank, said continuous developments on the European exchanges had their full attention. “We do not expect that a possible concentration of the exchanges will be a disadvantage to our clients for the present, considering that the exchanges are increasingly competing with professional trade outside the exchange”, explains Chairman of the Managing Board Albert Röell.
KAS said the results overall in 2005 would be in line with previously expressed expectations. The annual figures will be published on 7 March 2006.
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