KAS BANK N.V. reported unaudited consolidated earnings results for the first quarter 2016. For the quarter, net result from operations, excluding non-recurring items, over the first quarter of €2.2 million compared to €5.8 million a year ago. Total net result was €0.8 million compared to €4.8 million a year ago.

Revenues declined 16% to €26.4 million compared to €31.6 million a year ago, due to disappointing interest and securities lending returns and lower result on the bond portfolio (result oninvestments).