Van Lanschot Kempen H1 2026 slides: assets top €200bn milestone

Van Lanschot Kempen (AMS:VLK) delivered strong H1 2026 results on August 27, crossing a key milestone in its growth journey. The Dutch independent wealth manager reported €188 billion in assets under management, representing an 18.4% increase year-over-year. This milestone, reaching the €200 billion client assets threshold for the first time, was driven by substantial net inflows and solid market performance.

Shares of Van Lanschot Kempen traded at $66.10, up 0.79% from the previous close, reflecting investor confidence in the firm's execution of its "Growing Further Together" strategy. The company's cost-to-income ratio of 66.4% surpassed its target range of 67-70%, showcasing operational efficiency and scalability as the platform expands across the Netherlands, Belgium, Switzerland, and the United Kingdom.

Strong net interest income guidance of approximately €200 million was raised for the year, up from the previous range of €180-195 million, driven by loan growth and favorable interest rate developments. The company's three-pillar strategic framework, focused on sustainable, scalable growth, delivered consistent progress across multiple dimensions.

In the first half of 2026, Van Lanschot Kempen experienced 14% revenue growth, with income from operating activities rising 14% to €415.4 million. Net inflows totaled €19.5 billion, with major new fiduciary mandates from Stichting Pensioenfonds voor de Woningcorporaties (€15 billion) and Stichting Pensioenfonds Haskoning Nederland (€1.3 billion) contributing significantly.

Assets under management expanded 18.4% to €188 billion, with market performance accounting for 6.1% of the growth. The company's loan portfolio expanded to €9.9 billion, maintaining a strong asset quality with an impaired ratio of just 1.0%.