Second Quarter Results 2016
CEO Casper von Koskull’s comments on the results: “Despite low growth and turbulent financial markets, revenues are holding up well. Ancillary income is unchanged compared to a year ago. Margin pressure in Net Interest Income is levelling off and we now believe in an inflection point with an improving trend from the second half of 2016. Costs are in line with the plans and credit quality remains solid. An important milestone was reached in the beginning of June when the first product on our core banking platform successfully went live, less than six months after installing the model