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THE HAGUE - NIBC Bank N.V. reported a net profit of EUR 55 million for the first half of 2025, with a return on target CET1 capital of 11.3%, according to a press release issued Thursday.
The Dutch bank maintained a CET1 ratio of 18.3% following the full implementation of Basel IV regulations. The H1 2025 net profit represents a EUR 35 million decrease compared to the same period last year, primarily due to Beequip, yesqar, and Shipping activities no longer contributing to earnings following divestments.
NIBC reported growth across its core business segments despite competitive market conditions. Mortgage exposure increased by 1%, while retail savings grew by 2%, driven by campaigns in German and Belgian markets. In corporate banking, Commercial Real Estate and Digital Infrastructure portfolios expanded by 3% and 2% respectively.
The bank completed a comprehensive strategy review in the first half of the year, focusing on core business lines including Dutch Mortgages, Retail Savings, Commercial Real Estate, and Digital Infrastructure financing. As part of this review, NIBC implemented a new top structure and further streamlined its organization.
"We streamlined our business proposition and de-risked our balance sheet, notably through the sale of our Shipping franchise in the first half of 2024 and the successful transfer of ownership for both platform activities, Beequip and yesqar, at the end of the year," said CEO Nick Jue in the statement.
NIBC declared an interim dividend with a payout ratio of 50%. The bank, which employs approximately 600 people and is headquartered in The Hague, is celebrating its 80th anniversary this year.
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