Report
Cor Kluis

Van Lanschot Kempen : 2H22 has a well rising NII and small pressure commission income, TP up

>Conclusion: 2H22 well rising NII, small pressure commission income - For 2H22, we expect Van Lanschot (VLK) to report a net profit of € 30m being an underlying net profit (excl. the MvdL transaction/ integration cost effect) of € 52m (1H22 € 61m). In 2H22 the earnings will have a clear positive tailwind from the rising net interest income (NII), partly mitigated by some pressure of lower stock markets on commission income. We forecast that their excess capital is abo...
Underlying
Van Lanschot Kempen NV cert. of shs

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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