TILBURG - Achmea Bank N.V. reports a profit before tax for 2016 of EUR 17 million, after tax EUR 13 million (2015: EUR 6 million, after tax EUR 5 million)
- Achmea Bank N.V. is preparing for future growth in its mortgage and savings portfolios by investing in the retirement services strategy of Achmea Group and by outsourcing the mortgage servicing process. This resulted in one off additional expenses of EUR 12 million
- The Common Equity Tier 1 Capital Ratio improved to 19.1% (2015: 16.7%)
- Achmea Bank N.V. acquired the remaining part of the loan activities of Staalbankiers N.V. for an amount of EUR 245 millionAchmea Bank N.V. acquired the remaining part of the loan activities of Staalbankiers N.V. for an amount of EUR 245 million
The full press release can be downloaded here.