Annual report 2009
Binck Bank
- Profile of BinckBank
- Key figures
- Chairman's message
- Key events in 2009
- CVs of executive board members
- Vision, mission, strategy and aims
- Information for shareholders
Key figures
(x € 1,000)
Customer figures* |
FY09 |
FY08 |
∆ FY08 |
|
Customer accounts |
373,574 |
272,826 |
37% |
|
Retail |
348,188 |
264,299 |
32% |
|
Professional Services |
25,386 |
8,527 |
198% |
|
Number of transactions |
9,617,181 |
7,151,244 |
34% |
|
Retail |
9,144,980 |
6,807,997 |
34% |
|
Professional Services |
472,201 |
343,247 |
38% |
|
Asset under administration |
10,942,742 |
6,065,852 |
80% |
|
Retail |
8,031,695 |
5,001,484 |
61% |
|
Professional Services |
2,911,047 |
1,064,368 |
174% |
Income statement
|
|||
|
Net interest income |
43,825 |
40,640 |
8% |
|
Net commission income |
129,240 |
101,181 |
28% |
|
Other income |
9,661 |
6,162 |
57% |
|
Result from financial instruments |
4,353 |
1,230 |
254% |
|
Impairment of financial assets |
(857) |
(205) |
318% |
|
Total revenue from operating activities |
186,222 |
149,008 |
25% |
|
Employee expenses |
43,185 |
38,443 |
12% |
|
Depreciation and amortisation |
35,939 |
31,789 |
13% |
|
Other operating expenses |
43,388 |
37,316 |
16% |
|
Total operating expenses |
122,512 |
107,548 |
14% |
|
Result from continuing operations |
63,710 |
41,460 |
54% |
|
Share in profits of associates and joint ventures |
(1,466) |
520 |
-382% |
|
Result before tax |
62,244 |
41,980 |
48% |
|
Tax |
(15,083) |
(8,941) |
69% |
|
Result after tax (continuing operations) |
47,161 |
33,039 |
43% |
|
Result after tax (discontinued operations) |
- |
106 |
-100% |
|
Net profit |
47,161 |
33,145 |
42% |
|
IFRS amortisation |
28,196 |
28,196 |
|
|
Fiscal goodwill amortisation |
2,792 |
2,792 |
|
|
Adjusted net profit |
78,149 |
64,133 |
22% |
|
Average number of shares outstanding during the year |
74,897,706 |
76,870,870 |
|
|
Adjusted earnings per share |
1.04 |
0.83 |
25% |
Balance sheet & capital adequacy |
|||
|
Balance sheet total |
2,930,010 |
2,578,394 |
14% |
|
Equity |
480,359 |
477,641 |
1% |
|
Total available capital (Tier 1) |
95,569 |
77,295 |
24% |
|
BIS ratio |
18.4% |
17.2% |
7% |
|
Solvency ratio |
13.0% |
13.6% |
-4% |
Cost / income ratio |
|||
|
Cost / income ratio |
66% |
72% |
|
|
Cost / income ratio excluding IFRS amortisation |
51% |
53% |
|
* The number of accounts for the Retail business unit has been adjusted to reflect the fact that in some cases an account has been opened and an account number allocated, but identification of the account holder has not taken place. Click here for further details. Starting from FY09 Q2, the customer details of the BPO customers are included in the Professional Services business unit. The comparative figures of Professional Services have not been amended.
* The comparative figures for 2007 concern the pro forma combined results of BinckBank and Alex, with the reported results of Binck en Alex being combined.
** Starting from FY09 Q2, the customer details of the BPO customers are included in the Professional Services business unit. The comparative figures have not been amended. The number of accounts for the Retail business unit has been adjusted to reflect the fact that in some cases an account has been opened and an account number allocated, but identification of the account holder has not taken place. See page 33 for further details.