Brief: Van Lanschot Kempen FY Net Profit Up At Eur 143.8 Mln

Van Lanschot Kempen NV

24/02/2022 07:42

Feb 24 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * FY COMMISSION INCOME UP 30% 
    * DIVIDEND PROPOSED AT EUR 2.00 PER SHARE (2020: EUR 0.70
PER
SHARE)
    * FY NET PROFIT SURGED TO EUR 143.8 MILLION (2020: EUR 49.8
MILLION)
    * END-FY CAPITAL RATIO ROBUST AT 23.7% (2020: 24.3%) ;
END-FY
RETURN ON EQUITY UP TO 15.7%
    * SLIGHT DECLINE IN THE CAPITAL RATIO REFLECTS THE 3.7
PERCENTAGE
POINT IMPACT OF THE MERCIER VANDERLINDEN ACQUISITION
    * FY INCOME FROM OPERATING ACTIVITIES EUR 594.7 MILLION
VERSUS EUR
434.0 MILLION YEAR AGO
    * FY GROSS RESULT EUR 184.8 MILLION VERSUS EUR 62.2 MILLION
YEAR
AGO
    * FY CAPITAL RATIO ROBUST AT 23.7% (2020: 24.3%)
    * OUTLOOK - EFFECTIVE 1 JANUARY 2022, RISK-WEIGHT FLOOR FOR
RESIDENTIAL MORTGAGES, CAPITAL RATIO IMPACT ESTIMATED AT 3.2
PERCENTAGE POINTS
    * OUTLOOK - ON OUR CURRENT PROJECTIONS, THIS IMPACT WILL
LARGELY
DISAPPEAR FOLLOWING THE IMPLEMENTATION OF BASEL IV IN 2025

Source text for Eikon:  ID:nGNE7Yb9r 
Further company coverage:  VLAN.AS 

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