World, As Seen from the most beautiful islands: Ireland and Cyprus

Transaction turnover Binck under strong pressure


At BinckBank, turnover per transaction is under heavy pressure. This is what KBC analysts observe in a report on Tuesday, in which they lower the advice on the share from hold to sell.

Assets under management also show an outflow while mortgages start to approach their capacity. The market researchers also point out that according to BinckBank there has been no rapprochement with other parties since the takeover proposal of the Danish company Saxo.

According to the experts, Saxo’s bid is not the ideal option, but according to KBC they have little choice but to accept it. “The annual figures offer no comfort, just the opposite,” says KBC.

The price target is 5.60 euros, including Saxo premium. The Binck share was flat at 6.25 euros on Tuesday at 10.40 am.

Written by: Grace Kennedy

Grace Kennedy is a leading journalist, columnist of events in Ireland and beyond. 8 years in journalism, since she dropped out of university and ran away from home.

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