Dear shareholder, Dear Madam, Dear Sir, In spite of a more challenging economic environment, the contribution of the core segments of 149.6 million euros is down only 4% from H1 2022.Delen Private Bank and Bank Van Breda have further reinforced their leading market position and posted stellar performances. As expected, capital gains contributed less than in the record year 2022. The capital gain on the exit of Telemond in H1 2023 illustrates the potential of AvH’s diversified portfolio. AvH’s ne