NIBC Bank

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NIBC Bank N.V.
Type Private
Industry Banking
Founded 1945
Headquarters The Hague, Netherlands
Products banking
Employees 669
Parent NIBC Holding N.V.
Website www.nibc.nl

NIBC Bank N.V. is a merchant bank in the Netherlands. NIBC is owned by a consortium of international financial institutions organised by J.C. Flowers & Co LLC. NIBC has offices in The Hague, Brussels, Frankfurt, London and Singapore.

History[edit]

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.[1] Subsequently the name was changed from NIB Capital to NIBC Bank N.V.

References[edit]

  1. ^ "Dutch pension funds to sell NIB Capital". Forbes.com. 2005-08-09. 

External links[edit]

Coordinates: 52°05′16″N 4°17′53″E / 52.08778°N 4.29806°E / 52.08778; 4.29806