Van Lanschot: robust 2014 results
(Thomson Reuters ONE) -
* 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] up to 14.6% (year-end
2013[2]: 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 ratio(1) 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(at)vanlanschot.com
Investor Relations: +31 20 354 45 90; investorrelations(at)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] Common Equity Tier I ratio phase-in, including retained earnings
[2] Under Basel II
Van Lanschot annual results 2014:
http://hugin.info/133415/R/1900517/675670.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Van Lanschot via GlobeNewswire
[HUG#1900517]
Unternehmensinformation / Kurzprofil:
Datum: 10.03.2015 - 07:31 Uhr
Sprache: Deutsch
News-ID 377171
Anzahl Zeichen: 5282
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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