Van Lanschot books profit

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Banking group Van Lanschot Bankiers announced on Tuesday a profit of € 22.1 mln in the first half of 2010, against a loss of € 46.3 mln in the same period in 2009.


Additions to the provision for bad loans fell to € 43.9 mln compared to € 62.6 mln in the second half of 2009.
Van Lanschot expects interest margins to stabilise in the second half of 2010. But CEO Floris Deckers wonders if the degree of consumer confidence in the financial sector will recover from the crisis.

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