BinckBank is resuming its share buy-back programme today. BinckBank strives to pursue a balanced capital policy which takes account of the interests of all its stakeholders. BinckBank is resuming its share buy-back programme while maintaining a robust solvency position and an attractive dividend yield.
Our capital adequacy policy is designed to maintain a solvency ratio of between 12% and 20% (Basel II, pillar II). BinckBank's solvency ratio has risen continuously over the last two years, reaching a level of above 22% at the end of October. We expect our solvency ratio to continue to increase as a result of our low risk appetite with respect to investing our clients' money and our high level of profitability. BinckBank has previously stated that it would return capital to its shareholders once the solvency ratio rose above 20%. Until further notice and at fixed times, BinckBank will repurchase its shares in an amount of up to €28 million as long as its (expected) solvency ratio remains above 20%. The objective of the share buy-back is to return excess capital to our shareholders.
This morning at 8.00 a.m., Evert Kooistra, the CFO of BinckBank, will explain the resumption of the share buy-back programme in a conference call for analysts and shareholders. The dail-in details for the conference call are available from the Investor Relations Department.
Kind regards,
Anneke Hoijtink
Manager Investor Relations
T +31 20 522 0372
F +31 20 320 4176
M +31 6 201 98 337
I www.binck.com / twitter.com/binckbank
BinckBank N.V.
Barbara Strozzilaan 310
1083 HN Amsterdam
