mast image

Special Report

Impact investing

Sections

Kas Bank says commission income rises 10%

NETHERLANDS - Kas Bank’s commission income developed in line with the last-year’s trend – a rise of approximately 10% - during the first quarter of 2005, it said in a statement.

“In spite of the low interest rate level, interest income increased even slightly,” it added. “The same goes for the international client base, although the market remains highly competitive.”

Spokesman Bob Goulooze declined to give further information on the figures. Over last year the company reported an interest income of €29m and commission earnings of €67m.

Kas Bank’s half-year figures for 2005 – to be published in September – will be accounted for under new International Financial Reporting Standards for the first time, the statement said. It said the move would raise pensions costs.

Meanwhile, consulting and software company Ortec has announced it has provided Fortis Netherlands with asset liability management software for its pension funds. According to Ortec the software also supports the various Fortis retirement plans in formulating their long-term strategy.

“Fortis decided to purchase the ALM software licenses after a successful pilot project at Fortis Bank in the Netherlands,” Ortec said. Fortis’ Dutch pension plans manage a total of more than €4bn of assets.

“The advanced scenario analysis techniques in Ortec’s software allow Fortis to gain a comprehensive insight into its current and expected funding ratio. Analyses of the different scenarios also support the retirement board in formulating effective long-term strategies,” Ortec said.

Fortis will start another project to evaluate if and how the ALM software can be used for its Belgian pension funds as well. This project could be completed by the end of the summer.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<