AMSTERDAM, March 8 Private Dutch bank Van
Lanschot on Friday announced a strategy review to
boost profit after swinging to a larger than expected net loss
of 155.4 million euros.
Three analysts in a poll commissioned by Reuters expected a
net loss between 122 and 145 million euros after Van Lanschot
said in December it would take a 122 million euro charge on
goodwill and other assets.
Van Lanschot, which is suffering from higher bad debt costs
due to the recession in its home market the Netherlands, made a
profit of 43.1 million euros in 2011.
"We are not satisfied with the current profitability. We are
therefore undertaking a strategic review aimed at supporting our
ambition of positioning Van Lanschot as a strong, independent
private bank," Van Lanschot Chief Executive Karl Guha said in a