S&P revises outlook for NIBC to stableCorporate News -
Rating agency S&P today announced it has revised NIBC Bank’s outlook from negative to stable.
According to S&P:
- The Dutch banking industry should benefit moderately from the first signs of recovery of the Dutch economy;
- The housing market is improving, although the commercial property market is still weak;
- The trend in domestic economic risk for Dutch banks is now stable;
- The stable outlook reflects S&P’s assumption that NIBC will maintain robust capitalisation, and that the likely pick up in its business activity will be at least matched by deposit growth.
Please click here for S&P’s press release