Van Lanschot Kempen: Net Income Up 30% and Assets Exceed €200 Billion
The Dutch wealth management firm has crossed a symbolic threshold in the first half of 2026: its client assets have exceeded €200 billion for the first time.
This growth, driven by net inflows of €19.5 billion, is accompanied by an improvement in the cost-to-income ratio and an increase in the interest income target for the full year.
Net Income at €88.2 Million, Driven by Commissions and Interest Income
Van Lanschot Kempen announced on August 27, 2026 a half-yearly net income of €88.2 million, up 30% compared to €67.8 million recorded over the same period a year earlier.
This growth is supported by two drivers: commission income, up 10% to €306.9 million, and interest income, up 27% to €96.9 million.
The cost-to-income ratio stood at 66.4%, compared to 71.8% a year previously. The group's capital position remains solid, with a CET1 ratio of 17.0%.
Client Assets Cross the €200 Billion Threshold
Assets under management increased by 18% to reach €188.2 billion, while client assets rose by 16% to €209.1 billion, exceeding the €200 billion threshold for the first time.
Net inflows totaled €19.5 billion over the half-year. The Investment Management Clients division, which notably manages assets for pension funds, accounted for the bulk with €17.8 billion, following Van Lanschot Kempen's selection as fiduciary manager by two Dutch pension funds.
Private clients in the Netherlands recorded net inflows of €1.5 billion, with approximately two-thirds coming from new clients, bringing their assets under management to 12% growth compared to end-2025. In Belgium, assets under management grew by 6%, supported by net inflows of €0.2 billion.
Interest Income Target Raised to Approximately €200 Million for the Full Year
The group raised its interest income forecast for the full year, moving from a range of €180 to €195 million to approximately €200 million, based on current market conditions.
Van Lanschot Kempen also indicated that the planned joint venture with KBC Securities for its equities activities remains on track for a launch in the fourth quarter. In private markets, assets under management reached €6.5 billion, with $120 million in commitments obtained in July for a second North American private equity fund and over €180 million committed to a new secondaries fund.
The group stated that these results position it to achieve its 2027 financial objectives.
