Brief: Van Lanschot Kempen H1 Net Profit At 48.2 Million Euros

Van Lanschot Kempen NV

25/08/2022 06:41

Aug 25 (Reuters) - Van Lanschot Kempen NV  VLAN.AS :
    * H1 NET PROFIT 48.2 MILLION EUR
    * CLIENT ASSETS: EUR 118.5 BILLION(2021: EUR 131.2 BILLION)
AND
AUM:EUR 99.6 BILLION(2021: EUR 112.1 BILLION)
    * CAPITAL RETURN PROPOSAL IN AMOUNT OF EUR 1.50 PER SHARE
    * H1: CAPITAL RETURN PROPOSAL IN AMOUNT OF EUR 1.50 PER
SHARE
    * H1 COMMISSION INCOME WAS UP 15% TO €201.3 MILLION (H1
2021:
€175.7 MILLION)
    * H1 INCREASE IN BOTH INCOME AND EXPENSES RESULTED – ON
BALANCE –
IN AN EFFICIENCY RATIO OF 73.7%, SLIGHTLY UP FROM THE SAME
PERIOD LAST YEAR (H1 2021: 73.1%)
    * H1 OPERATING EXPENSES ROSE EUR 19.2 MILLION TO EUR 216.0
MILLION
(H1 2021: EUR 196.8 MILLION)
    * PROPOSED CAPITAL RETURN OF €1.50 PER SHARE
    * WE CONTINUE TO FOCUS ON FURTHER PROFITABLE GROWTH WITH
FULL
ENERGY, BOTH ORGANIC AND INORGANIC, WHILE MAINTAINING A
CAPITAL-LIGHT BALANCE SHEET-CHAIR OF MANAGEMENT BOARD
    * GOING FORWARD, WE WILL CONTINUE TO OPTIMISE OUR CAPITAL
POSITION, WITH THE 2.5% M&A ADD-ON PROVIDING SUFFICIENT SCOPE
FOR BOLT-ON ACQUISITIONS THAT FIT WITH OUR WEALTH MANAGEMENT
STRATEGY

Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbYbZjM
Further company coverage:  VLAN.AS 

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