New Year speech by Floris Deckers: Van Lanschot maintains its solid position
In his New Year's speech to the employees of Van Lanschot on Friday 8 January,
Floris Deckers, chairman of the Board of Managing Directors, addressed among
other things the return of the public's confidence in the banking sector. "Banks
have been called to account by the public, politicians and the media. We are
prepared to show that we have the ability to change. However, restoring the
public's confidence will be a gradual process." In this context he also referred
to the recommendations published by the Maas Committee. "We will interpret these
recommendations as broadly as possible. In good consultation with the
Supervisory Board, we are currently amending the remuneration policy for the
Board of Managing Directors, including any necessary changes in the current
contracts", according to Mr Deckers.
2009 results: the recovery continues
Talking about the results for2009, Floris Deckers also said: "Following the low
point in March/April 2009, income during the remainder of the year showed an
upward trend, partly thanks to the improvement in the interest margin. Assets
under Management increased by some 14%, due to higher share prices as well as a
net inflow of new money. In the course of 2009 the workforce was reduced by some
9%. While in the first half of 2009 a loss was reported, the second half of the
year was profitable. Our capital position at 31 December 2009 remained solid,
with a BIS total capital ratio of almost 12%. The liquidity of Van Lanschot
remained extremely strong. The funding ratio (around 80%) is virtually the
highest among the banks operating in the Netherlands."
Relying on own strength
Van Lanschot took a conscious decision in late 2008/early 2009 to weather this
crisis by relying on its own strength. On this subject, Mr Deckers said: "We
strongly believe that Van Lanschot's decision not to seek state support is in
the best interests of Van Lanschot and its clients. In our opinion, this is a
sign of strength."
The full text of the New Year speech can be found on the
websitewww.vanlanschot.nl
''s-Hertogenbosch, 8 January 2010
Van Lanschot Media Relations:Etienne te Brake, Corporate Communication
spokesperson
Telephone +31 (0)73 548 30 26; mobile +31 (0)6 12 505 110; e-mail
e.tebrake@vanlanschot.com
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations
Manager
Telephone +31 (0)73 548 33 50; mobile +31 (0)6 13 976 401; e-mail
g.a.m.bakker@vanlanschot.com
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the
oldest independent bank in the Netherlands with a history dating back to 1737.
Van Lanschot focuses on three target groups: high net-worth individuals,
medium-sized businesses (including family businesses) and institutional
investors. Van Lanschot stands for high-quality services founded on integrated
advice, personal service and customised solutions. Van Lanschot NV is listed on
the Euronext Amsterdam Stock Market.
[HUG#1371850]
Press release (PDF): http://hugin.info/133415/R/1371850/335816.pdf
