Acquisition and administration costs
The increase in operating expenses was primarily due to the BSI Group's ongoing development programmes in the Far East, the cost of which amounted to € 75.7 million at 31 December 2011 (€ 55.2 million at 31 December 2010), owing to the increase in the asset managed in this area, which amount to € 5,682.8 million at 31 December 2011.
Finally, the cost income ratio went from 70.5% at 31 December 2010 to 73.2% as a result of the asset managed development.
Attachment | Size |
---|---|
Financial segment | 60.39 KB |