Van Lanschot Kempen : 1H24 results better, good net inflow in private banking continuing, TP up
>Conclusion: 1H24 results better, good net inflow in private banking continuing - In 1H24 the net profit was higher than we expected by better commission income and one-off/volatile items. The better commission income was mostly driven by private clients. In H1 the net inflow in private clients was again better than expected, they also expect a good net inflow in PC Belgium for 2H24. The net interest income was marginally less in 1H24, but the outlook 2H24 was margina...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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