Van Lanschot Kempen reported a 30% year-over-year increase in net profit to €88.2 million for the first half of 2026, while client assets surpassed the €200 billion mark for the first time.
The Amsterdam-listed wealth manager’s assets under management grew 18.4% to €188 billion as of June 30, 2026, driven by €19.5 billion in net inflows and €9.8 billion from market performance. The five-year compound annual growth rate reached 11.9%, exceeding the 10% annual target. Total income from operating activities rose 14% to €415.4 million, with securities commission income climbing 27% to €281 million.
Net interest income increased 27% to €96.9 million, lifting the interest margin to 1.10% from 0.92% in the prior-year period. The company raised its full-year 2026 net interest income guidance to approximately €200 million, up from the prior range of €180–195 million. Operating expenses grew 6% to €276 million, but the cost-to-income ratio improved to 66.4% from 71.8% a year earlier.
Private clients in the Netherlands accounted for €53.8 billion in AuM, while investment management clients reached €116 billion, boosted by major fiduciary mandates including a €15 billion mandate from Stichting Pensioenfonds voor de Woningcorporaties. Belgium’s private client segment grew 6% to €18.4 billion. The company’s digital wealth platform Evi expanded to €8 billion in AuM.
Capital ratios reflected a CET1 ratio of 17.0%, down from 18.2% at year-end 2025 but above the 17.5% target, with a return on CET1 capital of 21.4%, exceeding the >18% target. The impaired loan ratio stood at 1.0%, with €3 million added to loan loss provisions. Total loans advanced reached €9.9 billion, including €6.6 billion in mortgages.
Strategic initiatives included a successful first closing of $120 million for the second North American private equity fund. AI adoption reached 97% across the workforce, with intensive users averaging 10 hours of AI-assisted work per month. The company also reported a 13% reduction in the carbon intensity of discretionary AuM since 2019, nearly double its 7% annual target.
Van Lanschot Kempen’s share price traded at €65.35 on August 25, down 0.83% from the prior close, following the results presentation on August 27, 2026.
