Consistent and conservative management Solid asset quality, benefiting from a high proportion of secured lending Strong funding and liquidity position Sound capitalization Modest size player in a competitive arena Limited geographic diversification Increasing market sensitivity of revenues The ratings on F. van Lanschot Bankiers N.V. (Van Lanschot) reflect its conservative management and solid asset quality, together with a sound capital base and strong funding position. Offsetting these factors is its modest size in a competitive banking segment. Van Lanschot provides a range of lending, asset management, and other financial services to high-net-worth individuals, midsize--largely family owned--businesses, and health care-related businesses. Van Lanschot is the oldest independent bank in the Netherlands, and with total assets of €21.7 billion, it is the
