2025 in Figures

In 2025, our clients’ trust in Delen Private Bank continued to strengthen — reflected in the growth of the assets we manage on their behalf. By year-end, assets under management (AuM) totalled €76.4 billion, up 14% on the previous year. This consistent growth shows that clients value our careful, long-term approach and the personal relationships we build with them.

A word from our CEO

Banking is a marathon, not a sprint. Those who find the right rhythm can go the distance. That’s true in sport and music, and just as true in banking. Rhythm brings consistency. At Delen Private Bank, it underpins our approach: success isn’t built on standout moments, but on what we do with care and discipline, day after day.

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Growing trust, growing assets

Assets under management continued on their steady growth path, despite a less predictable political and economic environment. This growth reflects both our organic development and a considered strategy of external growth in Belgium and the Netherlands. Together, they confirm our bank’s long-term direction.

New inflows were broad-based across all the countries in which we operate. Both existing and new clients entrusted us with their assets. Within Delen Continental (Belgium, the Netherlands, Luxembourg and Switzerland), 90% of clients opt for discretionary management.

What explains these figures?

Lasting client relationships, often spanning generations
A consistent and carefully managed investment strategy
An efficient organisation with a strong focus on quality
Close collaboration between Delen Private Bank and Bank Van Breda

Growth accross all regions

Growth in client assets was recorded in every region where the bank is active.

In Belgium, we once again delivered strong growth, while also carrying out an intensive post-acquisition integration of Dierickx Leys. Over nine months, we met individually with 6,000 Dierickx Leys clients and integrated them into our operating model. By year-end, the integration of both organisations was complete, and the remaining client accounts had been carefully transferred to Delen Private Bank.

The transition went smoothly thanks to the dedication of our client-facing and operational teams, backed by a robust, fully integrated IT set-up.

Bank Van Breda, our sister bank, remained a key contributor, with €16.9 billion in AuM from clients it introduced — representing 31% of total AuM in continental Europe.

In the Netherlands, Delen Private Bank made further progress. Growth was supported by the continued confidence of both existing and new clients, and we expanded our footprint with the acquisitions of Petram & Co and Servatus Vermogensmanagement, both completed on 1 October.

In Switzerland and Luxembourg, we saw steady growth in the number of clients choosing discretionary management.

At JM Finn (UK), assets under management rose to €13.6 billion. While inflows increased again, net growth remained under pressure. In response, we continued to build a more centralised approach within our discretionary portfolio management.

Strong satisfaction scores in 2025

In spring 2025, we ran our biennial client satisfaction survey with the support of an independent research agency. The findings are clear: 92% of respondents rated Delen Private Bank 8 out of 10 or higher. Two in three clients would also recommend us to family or friends — a strong vote of confidence.

Clients particularly value our reliability, personal approach and accessibility. Our discretionary wealth management is also rated highly, with 88% saying they are very satisfied with portfolio management. These results reinforce our focus on quality, close relationships and long-term partnership, and they help us to keep refining our service.

Dialogue at the heart of responsible investing

As of 31 December 2025, Delen Private Bank invested €56 billion of client assets in funds managed by Cadelam, the bank’s asset manager. Every one of these funds, without exception, applies Delen Private Bank’s responsible investment policy.

Delen Private Bank’s responsible investment policy is built on three pillars: the integration of ESG data (environmental, social and governance factors), dialogue with the companies we invest in, and exclusion as a necessary last resort when engagement is not sufficient.

Our fund managers use ESG risk scores, which reflect the extent to which a company’s financial value may be exposed to risks arising from sustainability issues.

As active shareholders, Cadelam and Delen Private Bank focus on engagement to help drive sustainable change. Working with Federated Hermes EOS, they engage in dialogue with companies on ESG topics. The priorities for these conversations are set each year.

New offices, stronger relationships

Staying close to our clients is one of the foundations of Delen’s service.

In Belgium, this is clearly reflected in the opening of ten new offices over the past eight years. By the end of 2025, Delen Private Bank had sixteen offices in its home market, including its new office in Wavre.

Delen Private Bank is present in 16 cities in Belgium

Our new office in Wavre

In the Netherlands, we operate from Amsterdam, Heerenveen, Hengelo, ’s-Hertogenbosch, Noordwijk, Utrecht and Waalre. This office network has reinforced the Netherlands’ role as the group’s second strategic centre. In October 2025, we finalised the acquisitions of Petram & Co and Servatus Vermogensmanagement.

Delen Private Bank is present in 7 cities in the Netherlands

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The people behind our personal service

To safeguard the quality and distinctive character of its service, the bank continues to expand its workforce year after year. Recruitment remains strong across the organisation, including IT, commercial and support functions. The dedication and professionalism of all teams ensure that clients continue to benefit from the bank’s strengths: a personal approach, operational excellence and ready accessibility.

To support employees’ professional and personal development, the bank places strong emphasis on training and education.

In the series 'Delen through the eyes of colleagues', employees talk about their role in the bank, what their early career experiences have been like and the opportunities they've had to grow professionally. Discover their stories. (Only available in Dutch and French)

Efficiency, profitability and capital strength

Our performance reflects an efficient operating model backed by a strong capital position. A centralised set-up for discretionary portfolio management, combined with a robust IT infrastructure, supports this efficiency and sets us apart within the sector.

In 2025, our cost/income ratio was 48.2%. For Delen Private Bank Continental (Belgium, the Netherlands, Luxembourg and Switzerland), the ratio was even lower at 41.4%.

As of 31 December 2025, Delen Private Bank’s consolidated shareholders’ equity (group share) totalled €1.262 billion. We remain very well capitalised, with a Common Equity Tier 1 (CET1) ratio of 29.2%. Return on average equity reached 20.8%, a robust level.

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A trusted partner for the long term

These results reflect our focus on simplicity, careful execution and long-term thinking. Would you like to discuss what this could mean for your wealth?

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