NIBC Bank N.V. Is A Commercial Bank In The Netherlands Offering Corporate And Retail Banking Products And Services. Its Corporate Banking Scope Includes Advising, Structuring, Financing And Co-investing In The Debt And Equity Sectors Of North West Europe, With A Focus On The Netherlands And Germany. Retail Banking Primarily Includes Mortgages In The Netherlands And Online Retail Savings Products And Services In The Netherlands, Germany And Belgium, Through The NIBC Direct Brand.
NIBC Bank N.V. Is A 100% Subsidiary Of NIBC Holding N.V., A Publicly Traded Entity, Which Is Majority-owned By The International Financial Institutions Group And Investor Consortium Organized By J.C. Flowers & Co. NIBC Has Offices In The Hague, Amsterdam, Frankfurt, London And Brussels. As Of 2016, NIBC Bank Is The Ninth Largest Bank In The Netherlands In Terms Of Total Assets.
History
NIBC Was Incorporated On October 31, 1945 By The Dutch Government Together With A Number Of Commercial Banks And Institutional Investors Under The Name Maatschappij Tot Financiering Van Nationaal Herstel To Finance The Economic Recovery Of The Netherlands After World War II. The Entity Was Renamed De Nationale Investeringsbank ("DNIB") In 1971 And Was Listed On The Dutch Stock Exchange (now Euronext Amsterdam) From 1986 To 1999. During This Time, DNIB Focused On Providing And Participating In Long-term Loans And Private Equity. In 1996, DNIB Began Its Retail Business By Offering White-label Residential Mortgages.
In 1999, DNIB Was Acquired Through An Open Offer From Its Joint Venture, NIB Capital, Which Is Owned By Two Of Europe's Largest Pension Funds, ABP And PGGM. NIB Capital Acquired 85% Of DNIB's Shares. The Remaining Shares Remain Owned By The Dutch Government And Were Acquired By NIB Capital In 2004. The Acquisition By NIB Capital In 1999 Marked The Beginning Of DNIB's Transformation From A Long-term Lending Bank To A Bank Providing Advisory, Financing And Investment Services.
In 2005, By J.C. Flowers & Co., A US Private Investment Firm. The International Financial Institution Group And Investor Consortium Of The Organization Acquired All Outstanding Shares Of NIB Capital. In This Acquisition, NIBC Holding N.V. Was Formed And NIB Capital (renamed NIBC N.V.) Became Its Wholly Owned Subsidiary. Subsequently, NIBC N.V. (as A Non-surviving Entity) Was Merged Into NIBC Holding N.V. (as The Acquiring Company) And NIB Capital Bank Became A Direct Subsidiary Of The Holding Company. NIB Capital Bank Was Subsequently Renamed NIBC Bank N.V. In 2014, NIBC Acquired Gallinat-Bank AG Of Germany, Which Was Later Renamed NIBC Bank Deutschland AG. NIBC's Corporate Client Server Activities In Germany Are Primarily Carried Out By This Entity. The Entity Funds Itself In The German Corporate And Institutional Market And Is Regulated By The German Einlagensicherungsfonds ("ESF").
In June 2016, NIBC Bank Completed Its Acquisition Of SNS Securities N.V. SNS Securities' Activities Continue To Operate Under The Name NIBC Markets, Which Was Merged Into NIBC Bank In June 2017. With The Acquisition Of SNS Securities, NIBC Has Expanded Its Services To Include Capital Markets Solutions, Equity And Fixed Income Brokerage And Research.
In March 2018, NIBC Holding N.V. Was Listed On Euronext Amsterdam.
