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Van Lanschot Kempen N.V.

Van Lanschot Kempen N.V.

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Publicatie datum 25 aug 2015 - 07:30
Statutaire naam Van Lanschot Kempen N.V.
Titel Van Lanschot: strong increase in commission income in first half of 2015
Bericht Wealth management strategy improves quality of income Net profit works out at €34 million (H1 2014: €49.4 million) Client assets grow to €58.5 billion from €57.4 billion year-end 2014 Capital base remains robust at CET I ratio[1] of 14.6% 's-Hertogenbosch, the Netherlands, 25 August 2015 - Van Lanschot today released its 2015 interim results. Karl Guha, Chairman, said: "Our wealth management strategy is showing through in strong results, with our core activities Private Banking, Asset Management and Merchant Banking all making positive contributions to net profit. We are pleased with net profit development: while the first half of 2014 was marked by a substantial capital gain, the comparable period in 2015 saw commission revenue - our main source of income - add 24% and improve the quality of our results. Our capital position remains robust, with the Common Equity Tier I ratio1 at 14.6%.