• Wealth management strategy implementation on track
  • Net profit rises to €54.2 million from €33.5 million in 2013, while a pension scheme change results in a one-off net gain of €54.5 million, taking total net profit to €108.7 million
  • Client assets grow by 7.5% to €57.4 billion (year-end 2013: €53.4 billion)
  • Capital base strengthens even further: CET I ratio[1]:
    #_ftn1     up to 14.6% (year-end 2013[2]:
    #_ftn2    : 13.1%)
  • Proposed dividend doubles: €0.40 per share (2013: €0.20 per share)

 

's-Hertogenbosch, the Netherlands, 10 March 2015

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."

The press release and the financial report are attached to this email.



Media Relations: +31 20 354 45 85; mediarelations@vanlanschot.com

Investor Relations: +31 20 354 45 90; investorrelations@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. Van Lanschot, a wealth manager operating under the Van Lanschot and Kempen & Co brand names, is active in Private Banking, Asset Management and Merchant Banking, with the aim of preserving and creating wealth for its clients. Van Lanschot NV is listed on Euronext Amsterdam.

 

 

Disclaimer and cautionary note on forward-looking statements

This document contains forward-looking statements on future events. These forward-looking statements are based on the current information and assumptions of Van Lanschot's management about known and unknown risks, developments and uncertainties. Forward-looking statements do not relate strictly to historical or current facts and are subject to risks, developments and uncertainties. The actual results may differ considerably as a result of risks, developments and uncertainties relating to Van Lanschot's expectations regarding, but not limited to, estimates of income growth, costs, the macroeconomic climate, political and market trends, actions by supervisory and regulatory authorities and private entities, and changes in the law and taxation. Van Lanschot cautions that expectations are only valid on the specific dates on which they are expressed, and accepts no responsibility or obligation to revise or update any information following new information or changes in policy, developments, expectations or other such factors. The financial data regarding forward looking statements concerning future events included in this document have not been audited. This document does not constitute an offer or solicitation for the sale, purchase or acquisition in any other way or subscription to any financial instrument and is not an opinion or a recommendation to perform or refrain from performing any action.

This document is a translation of the Dutch original and is provided as a courtesy only. In the event of any disparities, the Dutch version shall prevail. No rights can be derived from the translated document.


[1]:
#_ftnref1 Common Equity Tier I ratio phase-in, including retained earnings

[2]:
#_ftnref2 Under Basel II

 

Van Lanschot annual results 2014:
http://hugin.info/133415/R/1900517/675670.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Van Lanschot via Globenewswire
HUG#1900517