NIBC’s Shipping business delivered strong H1 results, showing that our chosen strategy is paying off
NIBC looks back at a successful first half year, realising a 25% growth of the shipping portfolio to EUR 1.143 billion. NIBC Shipping financed maritime assets for new and existing clients in various countries and segments, following a through-the-cycle approach, with financings between EUR 10 million and EUR 45 million. Over the past six months, NIBC has served clients such as Gram Car AS, Harren & Partner, Hammonia Schiffsholding, Norwegian Car Carriers, Conti Group and Carl Buttner.
Michael de Visser, Head of Shipping: “In the first half of 2022, NIBC Shipping supported many new and existing shipping clients. Looking ahead for the second half year, the economic conditions we are all facing will likely remain challenging, but NIBC Shipping is well positioned to meet this challenge and will continue the execution of its business strategy as the long-term financial partner for ship owners and maritime investors.”
NIBC Shipping focuses on the smaller and medium-sized ship owners and maritime investors within the maritime hubs in North-West Europe, Athens, New York and Singapore with a ticket size of EUR 10 million up to EUR 45 million.
NIBC’s overall Asset-backed & Specialty financing segment, including the shipping business, grew by 15.5%, driven by a strong origination in all asset classes. These strong results confirm that our chosen strategy is paying off. Over the past half year we reinforced our position providing asset financing to both individuals and companies, ranging from private housing to rental property, commercial real estate, vessels, infrastructure, cars and equipment. In line with the execution of our strategy, we have sold our Offshore Energy and Leveraged Finance portfolios.