Type Private Products banking Headquarters The Hague, Netherlands Founded 1945 | Industry Banking Website www.nibc.nl Number of employees 669 Parent organization NIBC Holding N.V. | |
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CEO Paulus de Wilt (7 Apr 2014–) Subsidiaries NIBC Bank Deutschland AG, Dutch MBS 99-I B.V | ||
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NIBC Bank N.V. is a corporate bank in the Netherlands. Its corporate banking activities range from debt and equity mezzanine, mergers & acquisitions, capitalisation advisory, leveraged finance and structured finance. The consumer banking activities comprise residential mortgages and online savings accounts through NIBC Direct in the Netherlands, Germany and Belgium. NIBC is owned by a consortium of international financial institutions organised by J.C. Flowers & Co LLC. NIBC has offices in The Hague, Frankfurt, London and Brussels. NIBC Bank is the fifth-largest bank in the Netherlands in terms of total assets.
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History
NIBC was established in 1945 by the Dutch government along with a number of commercial banks and institutional investors. It was set up to provide financing for the post-World War II economic recovery of the Netherlands. This entity was renamed De Nationale Investerings Bank (DNIB) in 1971 and was listed on the Dutch stock exchange, now Euronext Amsterdam, from 1986 to 1999.
In 1999, two of Europe's largest pension funds, Algemeen Burgerlijk Pensioenfonds (ABP) and Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen (PGGM), made a public offer for the shares of DNIB through a new joint venture, named NIB Capital N.V. (NIB Capital). They acquired an 85 percent stake, leaving the Dutch government with a minority interest of 15 percent. NIB Capital acquired these remaining shares from the Dutch state in May 2004.
In December 2005, a consortium of international financial institutions and investors organised by J.C. Flowers & Co. purchased all the outstanding equity interests of NIB Capital. Subsequently the name was changed from NIB Capital to NIBC Bank N.V.