Van Lanschot today published its full-year results for 2014. Karl Guha, Chairman, said: “We recorded robust results in a year that brought change, innovation and improvement to our service offering. In the face of a challenging economic climate and unprecedentedly low interest rates, our core businesses
Private Banking, Asset Management and Merchant Banking were all profitable in 2014. Private Banking renewed and improved its service offering, while Evi van Lanschot is proving successful and greatly appeals to younger clients. Kempen enjoyed a strong year with a range of eye-catching transactions and the launch of new funds.
Private and institutional client assets grew to over €57 billion, while our Common Equity Tier I ratio1* at 14.6% shows that we have further strengthened our fundamentals.
We are implementing our strategy as planned and are on course to achieve our long-term targets. These solid results enable us to propose a dividend payment to our shareholders of €0.40 per share, double the figure for last year.”
*Common Equity Tier I ratio phase-in, including retained earnings
**Under Basel II
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