S&P revises outlook for NIBC to stable

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