Q3 nibc
in questo cupo andar...
le 'piccole' men delle 'grandi'
sembran abbiano a penar...
dopo Aareal, Friesland ora,
che anche Nibc qualche piccola gioia mandi
NIBC Bank posts net profit of EUR 16 million in Q3 2011
Operating income further strengthened
Despite challenging market circumstances NIBC Bank posted a net profit of EUR 16 million in the third quarter of 2011. In the first nine months of 2011, net profit was EUR 60 million (first nine months of 2010: EUR 62 million), while the corporate loan portfolio grew by 6% year to date. In particular, net interest, fee and commission income increased as a proportion of overall income (rising to 73% of operating profit in the first nine months of 2011 compared to 49% in the year-earlier period). Meanwhile, operating expenses continued to be well controlled. NIBC Holding reported an increase in net profit at EUR 73 million in the first nine months of 2011 (first nine months of 2010: EUR 61 million).
Maintaining a strong solvency and liquidity position has been one of NIBC’s strategic priorities in recent years. NIBC’s Tier-1 ratio of 16.0% as at 30 September 2011 is clearly above both the new Basel III capital requirements and the new EBA announced capital target. NIBC comfortably met the European stress test in July, which it performed voluntarily, and has no sovereign debt exposure to Greece, Ireland, Italy, Portugal and Spain.
Jeroen Drost, Chief Executive Officer of NIBC Bank
“We are pleased with our performance in this difficult market environment. Despite the political and economic developments we were able to close a large number of interesting deals across all our sectors and disciplines. We are especially proud of the launch of NIBC Growth Capital Fund II, a new private equity fund. This and all other client activities confirm that our clients are and remain our top priority. Recently Petra van Hoeken was appointed as CRO and we are looking forward to her arrival on 1 January 2012.”
Read more in the attached PDF version of the press release