Van Lanschot Kempen still positive despite significant drop in profit

- Advertisement -spot_imgspot_img

Van Lanschot Kempen will book a profit of more than eighty million euros in 2022. The annual figures show that the bank saw a drop in profit of almost sixty million. General director Maarten Edixhoven, despite the drop in profit, is positive.

Capital and dividend have also been returned to shareholders. ‘We are very satisfied in these market conditions,’ says Edixhoven. According to him, the drop in profit is not directly due to the war in Ukraine, but due to two one-off effects. ‘On the one hand, the acquisition of Mercier Vanderlinden, a growth gem from Belgium, which was announced just before Christmas. As a result, the bank has taken on a one-off expense. On the other hand, the bank had received a few positive benefits in 2021, which did not fall in 2022,’ says Edixhoven.

Despite a significant drop in profit, Van Lanschot Kempen does make a profit.
Despite a significant drop in profit, Van Lanschot Kempen does make a profit. (ANP / Peter Hilz)

Big customers

Van Lanschot Kempen acquired two major clients in the past year. In total, the bank was able to welcome nearly fifteen billion net new assets, of which one billion in savings and almost fourteen billion in investor capital. More than two billion of the investor assets belong to private investors in the Netherlands and Belgium. Almost twelve billion therefore belong to institutional clients, including large pension funds for KLM cabin crew and the Dutch painting mandate. ‘We are very happy that we can manage and invest that money for the cabin crew and painters,’ says Edixhoven.


- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img