In its continuous process of optimising the offering to its clients in line with the strategic objectives and influenced by the changing market environment, NIBC has decided to discontinue its capital markets activities (a.o. Fixed Income, DCM and ECM) within the corporate client offering. This decision will affect approximately 50 staff members for which the Social Plan will be applicable.

The provision related to the restructuring amounts to approximately EUR 9 million and will be more than compensated by strong operating income over 2019. NIBC expects the 2019 results to be in line with its medium term objectives and intends to pay out a final dividend of at least EUR 0.50 euro per share. Together with the EUR 0.25 interim dividend paid, this would result in a total dividend for 2019 of at least EUR 0.75 per share.

Full details on NIBC’s 2019 results will be published on 26 February 2020.

About NIBCNIBC is best suited to help entrepreneurs at their decisive moments. Now and in the future. As a bank for entrepreneurs, we are committed to cultivating our ‘THINK YES’ mentality by being flexible and agile and by matching our clients’ can-do attitude. We support our corporate clients in building their businesses. For our retail clients in the Netherlands, Germany and Belgium we offer mortgages, online savings and brokerage products that are accessible, easy to understand and fairly prices. Operating in the Netherlands (The Hague and Amsterdam), Germany and UK, our corporate clients business (mainly mid-market) offers advice and debt, mezzanine and equity financing solutions to entrepreneurs across select sectors and sub-sectors in which we have strong expertise and market positions. The midmarket is dynamic by nature and requires a bank that can respond quickly and in a highly flexible way. Our aim is to meet the market’s requirements at decisive moments such as mergers and acquisitions, management buy-outs, investments and strategic financings and re-financings.You can read more about NIBC on www.nibc.com.