Van Lanschot Kempen: net profit €48.2 million
Net profit €48.2 million (H1 2021: €58.3 million), underlying net profit €60.7 million (H1 2021: €59.2 million)
Client assets: €118.5 billion (2021: €131.2 billion) and AuM: €99.6 billion (2021: €112.1 billion)
Net AuM inflows at Private Clients: €1.4 billion and at Wholesale & Institutional Clients: €3.5 billion
Strong capital ratio at 20.2% (2021: 23.7%), decrease driven by steeper capital requirements for residential mortgages
Capital return pro Chposal in the amount of €1.50 per share
Maarten Edixhoven, Chair of the Management Board, said: “In the first six months of the year geopolitical tensions, inflation and rising interest rates caused more uncertainty in financial markets. In these circumstances we ensure we stay close to our clients by intensifying our contacts even further. Our existing and new clients maintained confidence in investing their wealth, as evidenced by strong total net inflows of €4.9 billion in assets under management. We’re seeing inflows both in the private as institutional segments.
“Earlier in the year, we enhanced our financial and non-financial targets and capital strategy. We continue to focus on further profitable growth with full energy, both organic and inorganic, while maintaining a capital-light balance sheet. In addition, we’ve made good progress on implementing our sustainability strategy and developing our new inclusion & diversity policy.
“I’d like to take this opportunity to thank our colleagues for their commitment that enabled us to achieve this solid result in the first half of the year. I’m proud of their engagement and dedication to our clients – which they also appreciate greatly. I also want to thank our clients for their trust.”