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NIBC sharpens focus in corporate client offering

Press Release -

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.