NIBC Holding raised EUR 400 million new equity
The Hague, 1 April 2008
NIBC Holding successfully raised EUR 400 million new cash equity in the first quarter
of 2008. Funding was provided in the form of a subscription for newly issued ordinary
shares in the capital of NIBC Holding.
NIBC Holding has a remaining US commercial real estate securities portfolio with
a notional value of EUR 0.7 billion per 31 March 2008 (notional value year end 2007:
EUR 0.9 billion). NIBC Holding decided to an after tax write down of this portfolio of
EUR 0.3 billion to approximately 30% of the notional value (year end 2007: 78%),
which leads to a fair value of the remaining portfolio of EUR 0.2 billion per 31 March 2008.
Following this share issue the Tier-I ratio of NIBC Holding is expected to increase
to above 12% (year end 2007: 11.2%).
NIBC Bank expects to show a solidly profitable first quarter. First quarter results will be
presented on 16 May 2008.
This firm commitment of our shareholders together with the appointments of Mr. Jeroen
Drost as Chief Executive Officer and Mr. Jan Sijbrand as Chief Risk Officer endorse
NIBC’s strategy as an independent merchant bank.
Profile of NIBC
NIBC Bank is a leading merchant bank focused on the mid-cap company segment in North-Western Europe. NIBC offers
innovative corporate finance, risk management and investment solutions to corporate clients, financial institutions,
institutional investors, financial sponsors and family offices. NIBC Bank has offices in The Hague, London, Brussels,
Frankfurt, New York and Singapore.
For more information, please contact Investor Relations & Corporate Communications.
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