Brief: Van Lanschot Kempen To Repay Clients For Too Much Variable Interest

Van Lanschot Kempen NV

28/01/2022 10:39

Jan 28 (Reuters) - VAN LANSCHOT KEMPEN NV  VLAN.AS :
    * VAN LANSCHOT KEMPEN TO PROVIDE COMPENSATION FOR CHARGING
TOO
MUCH VARIABLE INTEREST ON REVOLVING CONSUMER CREDIT
    * VAN LANSCHOT KEMPEN HAS MADE PROVISIONS OF OVER EUR 3
MILLION TO
FUND COMPENSATION SCHEME AND ITS IMPLEMENTATION, CHARGED TO 2021
RESULTS
    * ITS INVESTIGATIONS REVEALED THAT, IN CASE OF THESE
CLIENTS,
VARIABLE INTEREST RATES FAILED TO CORRECTLY MOVE IN TANDEM WITH
APPLICABLE MARKET RATES
    * ONLY A SMALL GROUP OF CLIENTS WAS AFFECTED

Source text for Eikon:  ID:nGNE9CKhxp 
Further company coverage:  VLAN.AS 

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