The rating agency Fitch Ratings has today reconfirmed F. van Lanschot Bankiers N.V.'s credit rating at Single A minus (stable outlook). In its report, Fitch states that this affirmation of the credit rating is due in part to the bank's low risk profile, strong liquidity and funding, solid capital ratios and good credit quality.
"The affirmations reflect the bank's well-established Dutch private banking franchise, conservative risk appetite, improved funding profile, solid liquidity and solid capitalisation", according to Fitch.
The inflow of client savings and deposits has helped to further strengthen the bank's liquidity position. This has led to a funding ratio (the extent to which the loan book is funded by customer deposits) of 91.1% at the end of September 2011. Van Lanschot's solid profile is also reflected in its strong solvency, with a Core Tier I ratio of 10.4% at 30 September 2011.
's-Hertogenbosch, 16 November 2011
Van Lanschot Media Relations: Etienne te Brake, Media Relations Manager
Telephone +31 (0)73 548 3026; mobile phone +31 (0)6 12 505 110; e-mail email@example.com
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations Manager
Telephone +31 (0)73 548 3350; mobile phone +31 (0)6 13 976 401; e-mail firstname.lastname@example.org
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. The bank 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 Euronext Amsterdam.
The press release can be downloaded from the following link: