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Van Lanschot Kempen: trading update first quarter 2021

30 April 2021
In short:
  • Strong quarterly result

  • Client assets to €115.2 billion and AuM to €98.9 billion

  • Record inflows from Private Clients segment continue, €1.2 billion net in Q1

  • Total net outflows of €1.9 billion primarily caused by two institutional clients

  • Robust loan portfolio, limited release of loan loss provisions in Q1

  • Successful next step in growth strategy in Belgium: joining forces with Mercier Vanderlinden (AuM €3.4 billion)

  • Capital ratio at 23.6%, excluding the capital impact of the Mercier Vanderlinden acquisition

Constant Korthout, Van Lanschot Kempen’s Chief Financial & Risk Officer, said: “Although Covid-19 continues to make for exceptional times, we started off 2021 well and are pleased with our first-quarter results. We are proud of the ongoing growth our Private Clients segment recorded, of the key step we’ve taken in our growth strategy in Belgium, and of the new investment propositions we’re able to offer our clients, such as the Diversified Distressed Debt Pool.”


Read our full press release at vanlanschotkempen.com

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