Van Lanschot Kempen : 2H23 stable profit; rising commission and lower NII/higher costs
>Conclusion: 2H23 stable profit; rising commission and lower NII/higher costs - For 2H23, we expect Van Lanschot (VLK) to report a net profit of € 77m including a € 23m Movares capital gain (net profit 1H23 was € 52m). In 2H23 we see a higher commission income supported by the Robeco investment platform acquisition and private client fee increases, being offset by a lower net interest income by higher deposit rates and higher expenses by the Robeco platform acquisitio...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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