July 22 (Reuters) - BINCKBANK NV:
* BINCKBANK PUBLISHES ITS HALF YEAR REPORT 2019
* H1 NET RESULT 19H1 EUR 6.6 MILLION (18H1: EUR 22.2 MILLION)
* NO INTERIM DIVIDEND WILL BE PAID FOR THE FIRST HALF OF 2019
* H1 NET EARNINGS PER SHARE 19H1 EUR 0.10 (18H1: EUR 0.33)
* H1 INCOME FROM OPERATING ACTIVITIES EUR 64.6 MILLION VERSUS EUR 75.9 MILLION YEAR AGO
* H1 NET INTEREST INCOME EUR 15.6 MILLION VERSUS EUR 16.0 MILLION YEAR AGO
* NUMBER OF TRANSACTIONS 19H1 IN LINE WITH 18H1 AT 5.0 MILLION TRANSACTIONS (+1%)
* ASSETS UNDER MANAGEMENT AT END OF 19H1 AMOUNTED TO EUR 1.0 BILLION (18H1: EUR 1.0 BILLION)
* DOES NOT GIVE ANY SPECIFIC OUTLOOK FOR THE SECOND HALF YEAR OF 2019
* RESULT FOR THE FIRST HALF YEAR OF 2019 WAS LOWER THAN EXPECTED - CHAIRMAN, VINCENT GERMYNS
* IN CONTEXT OF SAXO BANK'S OFFER, BINCKBANK EXPECTS TO INCUR ADDITIONAL COSTS BY ENGAGINGEXTERNAL ADVISORS
* IF SAXO BANK'S OFFER IS DECLARED UNCONDITIONAL AND AFTER TRANSACTION HAS BEEN SETTLED,THIS MAYPOSSIBLY LEAD TO REDUNDANCIES FOR BINCKBANK STAFF
* FOR SAXO BANK'S OFFER, EXPECTS TO HAVE TO INCUR COSTS BETWEEN € 2.0 MILLION AND € 2.5MILLIONUNTIL THE TRANSACTION IS COMPLETED
* COMING MONTHS WILL BE LARGELY INFLUENCED BY SAXO BANK'S OFFER
* H2 2019 WILL MAINLY BE LARGELY INFLUENCED BY DEVELOPMENTS REGARDING SAXO BANK'S OFFER FORBINCKBANK
* TRANSACTION WITH SAXO BANK IS STILL EXPECTED TO BE COMPLETED DURING THE FIRST HALF OF Q32019
* CURRENTLY UNABLE TO RELIABLY ESTIMATE CONTINGENT LIABILITIES ARISING FROM SOCIAL PLAN INCONTEXTOF SAXO BANK OFFER
* EXPECTS CONTINGENT LIABILITIES TO HAVE A MATERIAL NEGATIVE IMPACT ON BINCKBANK'S FUTUREFINANCIAL RESULTSSource text for Eikon:Further company coverage:(Gdynia Newsroom)