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Fitch affirms KAS BANK's A- rating; outlook stable

Today, Fitch Ratings has published its Rating Action Commentary for KAS BANK.

Fitch affirms our A- long-term issuer default rating. The outlook is stable.

16 Dec 2016

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Fitch substantiates the ratings for KAS BANK with, among others, the following comments:

  • Fitch expects KAS BANK to maintain critical mass in its core asset administration business. Its knowledge of local reporting and regulatory requirements enables it to provide tailor-made value-added reporting services to its customers.
  • Fitch views KAS BANK's risk appetite as low. The bank is mainly exposed to operational risk while credit risk is very low.
  • Outsourcing agreements are tight and comprehensive controls are in place, and further client on-boarding and upscaling will be more cost efficient.
  • KAS BANK’s common equity Tier 1 ratio was 26% at end-June 2016, reflecting management’s aim to maintain the bank’s regulatory capital ratios well above regulatory requirements.

Read Fitch’s full Rating Action Commentary for KAS BANK (PDF in new window).

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Remko Dieker

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Remko Dieker

Secretary to the Managing Board / Investor Relations
+31 (0)20 557 51 80