The recovery in Van Lanschot's results that began in the second
quarter continued into the third quarter of the year. Both interest
and commission income were up on the second quarter, while operating
expenses decreased. The impact of the recession is still being felt;
the loan loss provision remained at a level that can be termed high
for Van Lanschot. All in all, these developments led to Van Lanschot
reporting a net profit for the third quarter of 2009.

Commission income was up thanks to climbing share prices and higher
transaction volumes. The interest margin showed a slight increase.
The efficiency measures are slowly starting to pay off in terms of
declining operating expenses. The number of FTEs is dropping in line
with the announced measures. At year-end 2009, the workforce will
comprise approx. 2,000 FTEs (year-end 2008: 2,241 FTEs). The cost
savings will fully be reflected in the 2010 results.

Assets under management saw a major increase thanks to the inflow of
new funds, from private and institutional clients alike, and the
favourable market performance.

Sound balance sheet
The bank's liquidity position remained robust. With a funding ratio
of 83.0% Van Lanschot largely finances its lending activities with
funds entrusted by its clients. The net profit for the third quarter
and the slight decrease in the loans portfolio led to an increase in
the capital ratios compared with those at the end of June 2009.

Exceptional items
Owing to the bankruptcy of DSB Bank, Van Lanschot will have to pay a
contribution under the deposit guarantee scheme. The amount involved
is not yet known. This charge is expected to be accounted for in the
fourth quarter.

's-Hertogenbosch, the Netherlands, 6 November 2009


Van Lanschot Media Relations: Etienne te Brake, Corporate
Communication spokesperson
Telephone +31 (0)73 548 3026; Mobile phone +31 (0)6 12 505 110;
E-mail e.tebrake@vanlanschot.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 g.a.m.bakker@vanlanschot.com


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 the Euronext
Amsterdam Stock Market.


The press release can be downloaded from the following link:


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http://hugin.info/133415/R/1353087/327674.pdf


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