Bank Delen, one of Belgium’s biggest private banks, saw its assets under management rise by 21% to €13.2bn in 2009, which was attributed to a combination of net new money and a revival in financial markets. The bank gave no breakdown.

Based in Antwerp, Bank Delen also said net profit rose 6% to €34.6m. The cost-income ratio at the bank rose marginally last year to 48%, compared with 46% the year before.