Annual report 2008
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BinckBank overview
Profile of BinckBank
Key figures
Chairman's message
Important events in 2008
BinckBank N.V. shares
Vision, mission, strategy and objectives
Strengths, weaknesses, opportunities and threats
Report of the Management Board
Report of the Management Board
Risk management under Basel II and Pillar III disclosure
In-control statement
Personnel and organisation
Corporate social responsibility
Report of the Works Council
CVs of Management Board and Supervisory Board
CVs of Management Board members
CVs of Supervisory Board members
Report of the Supervisory Board
Introduction
Composition of the Management Board and Supervisory Board
Supervisory Board meetings in 2008
Meetings of the Audit Committee in 2008
Remuneration of the Management Board
Consultation with the Staff Council
Financial statements and dividend
Conclusion
Corporate governance
Introduction
Legal structure
Management Board
Supervisory Board
Summary of the 2008 remuneration report
Compliance with the Dutch Corporate Governance Code (the 'Code')
Supervisory Board
Anti-takeover defences
Article 10 of the Takeover Directive Decree
Financial Statements
Consolidated Financial Statements
Notes to the consolidated financial statements
Notes to the consolidated balance sheet
Notes to the consolidated income statement
Company Financial Statements
Notes to the company financial statements
Notes to the company balance sheet
Other information
Auditors' Report
Provisions of the Articles of Association in respect of priority shares (Articles 15 and 21)
Provisions of the Articles of Association in respect of appropriation of profit (Article 32)
Proposal for appropriation of the result
Definitions and ratios
Binck Bank
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BinckBank overview
Profile of BinckBank
Retail
Professional Services
Key figures
Chairman's message
Important events in 2008
BinckBank N.V. shares
Listing
Key figures for BinckBank shares
BinckBank share price in 2008
Share capital
The share buy-back programme
Implementation of the buy-back programme
Dividend policy
2008 dividend proposal
Shareholdings
Shareholders BinckBank
Investor Relations
2009 financial calendar
Vision, mission, strategy and objectives
Vision
Mission
Strategy
Objectives
Strengths, weaknesses, opportunities and threats
Strengths
Weaknesses
Opportunities
Threats
Report of the Management Board
Report of the Management Board
Review of 2008
BinckBank and the credit crunch
Alex Beleggersbank: acquisition, integration and synergy gains
Retail
Professional Services
Recent events and outlook
Statement pursuant to Section 5, subsection 25c, of the Financial Supervision Act (Wft)
Conclusion
Risk management under Basel II and Pillar III disclosure
1. Introduction
2. Overview of risk management
3. Capital structure
4. Capital management
5. Relevant risks, models and control measures
6. Stress testing
In-control statement
Personnel and organisation
Introduction
Integration
HR Development
Foreign staff
Corporate social responsibility
Report of the Works Council
CVs of Management Board and Supervisory Board
CVs of Management Board members
Thierry C.V. Schaap, Chairman
Pieter Aartsen, member of the Management Board
Evert J.M. Kooistra, member of the Management Board
Nick Bortot, member of the Management Board
CVs of Supervisory Board members
Kees J.M. Scholtes, Chairman
Hans J.K. Brouwer
Leo Deuzeman
Fons A.M. van Westerloo
Report of the Supervisory Board
Introduction
Composition of the Management Board and Supervisory Board
Supervisory Board meetings in 2008
Meetings of the Audit Committee in 2008
Remuneration of the Management Board
Consultation with the Staff Council
Financial statements and dividend
Conclusion
Corporate governance
Introduction
Legal structure
Management Board
Supervisory Board
Summary of the 2008 remuneration report
Compliance with the Dutch Corporate Governance Code (the 'Code')
Supervisory Board
Anti-takeover defences
Article 10 of the Takeover Directive Decree
Financial Statements
Consolidated Financial Statements
Consolidated balance sheet
Consolidated income statement
Consolidated cash flow statement
Consolidated statement of changes in equity
Notes to the consolidated financial statements
1. General
2. Basis of consolidation
3. Related party disclosures
4. Recognition and measurement of assets, equity and liabilities
5. Recognition and measurement of income and expenses
6. Business combination
7. Assets and liabilities held for sale and discontinued operations
Notes to the consolidated balance sheet
8. Cash and balances with central banks 9. Banks 10. Financial assets held for trading 11. Financial assets at fair value through profit or loss
12. Available-for-sale financial assets 13. Loans and receivables
14. Held-to-maturity financial assets 15. Investments in associates
16. Intangible assets
17. Property, plant and equipment
18. Tax
19. Deferred tax
20. Other assets 21. Prepayments and accrued income 22. Derivative positions held on behalf of clients
23. Customer deposits 24. Financial liabilities at amortised cost 25. Provisions
26. Other liabilities 27. Accruals and deferred income
28. Shareholders' equity
Notes to the consolidated income statement
29. Interest 30. Commission
31. Other income 32. Result on investments 33. Impairment losses on financial instruments 34. Employee expenses
35. Depreciation and amortisation 36. Other operating expenses 37. Earnings per share (euros)
38. Diluted earnings per share (euros) 39. Paid and proposed dividend
40. Related party disclosures
41. Liabilities not shown on the face of the balance sheet
42. Post-balance-sheet events 43. Segment information
44. Financial risks
45. Fair value financial instruments
Company Financial Statements
Company balance sheet
Company income statement
Company statement of changes in equity
Notes to the company financial statements
A. General b. Accounting policies
Notes to the company balance sheet
C. Cash and balances with central banks d. Due from Banks e. Financial assets held for trading f. Financial assets at fair value through profit and loss
G. Available-for-sale financial assets h. Loans and receivables i. Held-to-maturity financial assets j. Investments in subsidiaries and associates
K. Intangible assets
L. Property, plant and equipment
M. Current tax assets n. Deferred tax o. Other assets
P. Prepayments and accrued income q. Customer deposits r. Financial liabilities at amortised cost s. Provisions
T. Other liabilities u. Accruals and deferred income
V. Shareholders' equity w. Other information
Other information
Auditors' Report
Provisions of the Articles of Association in respect of priority shares (Articles 15 and 21)
Provisions of the Articles of Association in respect of appropriation of profit (Article 32)
Proposal for appropriation of the result
Definitions and ratios