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BinckBank N.V.

BinckBank N.V.

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Publicatie datum 12 mei 2010 - 18:00
Statutaire naam BinckBank N.V.
Titel Exposure to Spanish and Irish bonds reduced
Bericht Exposure to Spanish and Irish bonds reduced Limited effect on profit and capital base BinckBank has reduced its exposure to Spanish and Irish bonds, largely before the recent S&P downgrade of Spain. The volume of investments in Ireland and Spain has been brought back with 60% to € 160 million (was € 402 million). The remaining investments in Spain and Ireland consist of government guaranteed bonds issued by Spanish and Irish banks with a remaining average duration of 1.4 years. The management board of BinckBank considers the remaining level of exposure in line with BinckBank's desired risk profile.