2016 Annual Report
The general meeting of shareholders approved the annual report of Amsterdam Trade Bank N.V. (ATB) for the year ended 31 December 2016.
In 2016, ATB took important steps in transforming towards its revised business strategy. In its strategic objective of transforming into a leading trade and commodity finance bank, ATB has substantially grown its trade and commodity finance and asset based finance portfolio. In addition to the growth of the core portfolio, the bank significantly decreased the the risk profile of the loan portfolio by reducing net exposure in Russia and CIS countries. In order to support the bank’s growth strategy efficiently and effectively, key decisions have been made regarding the ICT platform (including outsourcing of our IT infrastructure) to further optimise operational processes.
ATB continued to recapitalise its balance sheet during the year and further strengthened its capital position. Subsequently, the bank continued to comply with the regulatory requirements on solvency and liquidity.
Key financial data as at 31 March 2017 (Q1) demonstrate the solid financial base of the bank.
- Balance Sheet Total: € 1.1 billion
- Net profit: € 4.2 million
- Total capital ratio ("BIS-ratio"): 28.5%
- CET1 capital ratio: 20.9%
- Own funds (T1 plus T2 capital): € 199.3 million (out of which € 149.3 million equity)
With these ratios, we fully comply with the requirements set by our regulator (DNB) and have laid a solid financial foundation for further growth of our business in accordance with the new strategy. In the second quarter of 2017, our capital base was further strengthened by an additional Tier 1 capital injection of €30 million. This capital will be used for the further growth of our core business.