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Van Lanschot Kempen N.V.

Van Lanschot Kempen N.V.

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Publicatie datum 14 aug 2012 - 07:44
Statutaire naam Van Lanschot Kempen N.V.
Titel Van Lanschot: investment and cost reduction programme on track; profit recovery held back by higher loan loss
Bericht * Van Lanschot's solid profile remains strong: - Core Tier I ratio at 11.0% (year-end 2011: 10.9%) - Funding ratio at 85.3% (year-end 2011: 91.8%) * Underlying net profit at € 16.0 million * Assets under management up 2% to € 37.5 billion (year-end 2011: € 36.7 billion) * Operating expenses down 3%; expenses excluding non-strategic investments € 204.3 million; investment and cost reduction programme on track: - Net decrease of 101 FTEs in H1 2012 - Well on course to reducing the cost base to around € 380 million