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Van Lanschot Kempen: commission income up 30% and net profit at €143.8 million

24 February 2022

Maarten Edixhoven, Chair, said: “2021 was an excellent year for Van Lanschot Kempen, bringing both organic and inorganic growth, strong net profit and a solid capital position. The integration of the Hof Hoorneman Bankiers acquisition and our partnership with Mercier Vanderlinden are making excellent progress.

“Creating and preserving financial and natural value across generations is the very essence of what Van Lanschot Kempen is about. Our clients increasingly recognise our sustainable solutions, but we’re aware that we still have big strides to make – and so we’ll be stepping up our activities in this area. In addition, starting this year we’ll be using a single brand – Van Lanschot Kempen – for all our activities, one step at a time. This should further boost our position as an independent, specialist wealth manager in
Western Europe.

In short:

  • Net profit surged to €143.8 million (2020: €49.8 million) on the back of strong growth in commission income, book profits on the sale of private equity stakes and the release from loan loss provisions
  • Client assets grew by 14% to €131.1 billion and AuM added 13% to €112.1 billion
  • Record net AuM inflows at Private Clients of €3.8 billion
  • Net AuM outflows at Wholesale & Institutional Clients of €4.0 billion
  • Capital ratio robust at 23.7% (2020: 24.3%)
  • Return on equity up to 15.7%
  • Dividend proposed at €2.00 per share (2020: €0.70 per share)

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