KAS BANK N.V. reported earnings results for the first half Of fiscal year 2018. For the first half, the company reported net result of EUR 5.1 million against EUR 8.5 million a year ago. Operating income was EUR 51.8 million against EUR 53.6 million a year ago.

The company provided earnings guidance for the second half of fiscal year 2018. For the second half, the company does not foresee major changes in the macro-economic conditions impacting results. The company expects second half of 2018 and 2019 will be an exciting period. The company will continue its transformation, while fierce competition and consolidation of its client base result in a decrease of the company's 2019 Assets under Custody and operating income.