Van Lanschot Kempen : Excess capital has been put to work increasing the cash EPS by +10%
>Conclusion: positive VLK is putting half of its excess capital at work - It seems that the acquired Belgian private bank Mercier Vanderlinden (MVDL) is a good franchise and at an estimated paid PE of 13x including revenue synergies it is a good way to strengthen VLK’s private banking franchise in Belgium. VLK basically swaps 13% of its company fair value from ‘excess capital’ into a ‘Belgium private banking franchise’ giving it a top 5 position in Belgium. As a resul...Van Lanschot is the holding company of F. van Lanschot Bankiers NV in the Netherlands. Co.'s services focus on high net-worth individuals and entrepreneurs. Co. also, through it's subsidiary Kempen & Co., also serves the institutional market and offers investment services. Co.'s services are organized into five business segments: Private Banking, Asset Management, Business Banking, Corporate Finance and Securities and other activities. Other Activities include activities relating to the management of interest rate, market and liquidity risk.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.