trending Market Intelligence /marketintelligence/en/news-insights/trending/gfwrffhvu6y0mymodhdu4a2 content esgSubNav
In This List

BinckBank ups FY'17 final dividend

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


BinckBank ups FY'17 final dividend

BinckBank NV proposed a final dividend in respect of 2017 of 23 euro cents per share, up from 19 cents per share paid in 2016.

The proposed payout is subject to shareholder approval at the April 24 general meeting and will bring the company's total dividend for the year to 26 cents per share. The final dividend will be paid May 3.

The Amsterdam-based provider of conventional and internet broking services reported a fourth-quarter 2017 net result attributable to owners of the parent of €4.3 million, up from €990,000 in the year-ago period. The full-year 2017 net attributable result amounted to €9.0 million, up from €4.5 million in 2016.

BinckBank noted that it has already met its 2018 target of €21 billion in assets under administration, which came in at €26.0 billion at the end of 2017. However, "in view of the developments over the past three years," it does not expect to meet its remaining targets, which include carrying out 11.0 million transactions a year; assets under management of €3.5 billion and a cost-income ratio below 65%.

The company carried out 7.7 million transactions in 2017, flat year over year and down from 9.3 million in 2015. AUM stood at €1.1 billion, down from €1.3 billion in 2016 and €1.7 billion in 2015, while the cost-income ratio remained steady year over year at 79%, having risen from 64% in 2015.