The rating agencies Standard & Poor's (S&P) and Fitch Ratings yesterday reconfirmed their credit rating for F. van Lanschot Bankiers N.V. at A (Single A) with a stable outlook. The reconfirmations follow Van Lanschot's announcement on 1 December 2008 of the issue of preference shares to strengthen its capital position.
In its report, S&P again attributed this rating to Van Lanschot's "conservative management and solid asset quality, together with a sound capital base and strong funding position."
According to Fitch Ratings, "Van Lanschot's ratings also take into account the bank's strengthened capitalisation and adequate liquidity."
's-Hertogenbosch, the Netherlands, 3 December 2008
Van Lanschot Media Relations: Etienne te Brake, Corporate Communication spokesperson
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations Manager
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the oldest independent bank in the Netherlands with a history dating back to 1737. Van Lanschot focuses on three target groups: high net-worth individuals, medium-sized businesses (including family businesses) and institutional investors. Van Lanschot stands for high-quality services founded on integrated advice, personal service and customised solutions. Van Lanschot NV is listed on the Euronext Amsterdam Stock Market.
The press release can be downloaded from the following link: