Van Lanschot Kempen : Good 2H21 results by good markets, acquisition, cap gains and no defaults
>Conclusion: Good 2H21 results by good markets and cap gains - For 2H21, we expect Van Lanschot Kempen (VLK) to report a good net profit of € 66m (1H21 € 58m). This good result is supported by rising net commission income, the acquisition of MvdL, rising other income due to revaluation of investments and € 15m in capital gains and no loan impairments, and this is partly being mitigated by rising normalisation of expense levels. For end-2H21, we estimate a CET1 ratio ...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.
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