Oldest Dutch bank reports strong demand for structured products
Van Lanschot Kempen, the oldest independent financial institution in the Netherlands (since 1737), has reported its structured products team, which is part of the merchant banking division, achieved much higher income in 2017 than in 2016, due to strong demand. Merchant banking structured products generated a positive result of €3.3m, thanks to a large number of new products and attractive market circumstances, according to the bank.
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