Good results despite increased funding cost

Despite difficult market circumstances, Achmea Hypotheekbank generated good financial returns during 2010. Net profit decreased by EUR 4 million (8%) to total EUR 46 million, but return on average equity remained satisfactory at 9.1%. Capitalization of the bank improved, resulting in a Core Tier 1 ratio of 12.8% and a BIS ratio of 15.3%.