Kas Bank is selling its banking activities for wealthy individuals to private bank Nachenius Tjeenk for an undisclosed sum. Kas Bank has had a private banking unit since 1806.
Chairman Albert Röell said the move would allow Kas Bank to better focus on serving institutional investors. Nachenius Tjeenk said the takeover means it now has over €2.5bn in assets under management.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation