Fitch affirms Van Lanschot

Fitch Ratings said it affirmed Van Lanschot NV's long-term issuer default rating at BBB+ with a stable outlook, short-term issuer default rating at F2 and viability rating at bbb+.

“The ratings of Van Lanschot reflect its focus on low-risk wealth and asset management as well as its niche merchant banking franchise,” the agency said in a news release.

“This, combined with the continued run-off of its legacy corporate loan book, drives the bank's adequate and gradually improving asset quality.”

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