BinckBank resumes its share buy-back programme
(Thomson Reuters ONE) -
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
?
Click here for the full press release:
http://hugin.info/130685/R/1571864/488977.pdf
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Source: BinckBank N.V. via Thomson Reuters ONE
[HUG#1571864]
Unternehmensinformation / Kurzprofil:
Datum: 16.12.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 97789
Anzahl Zeichen: 2490
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"BinckBank resumes its share buy-back programme"
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