A focus on asset-based financing solutions has paid off for NIBC as its shipping portfolio passes the EUR1bn mark.
NIBC said its shipping business had seen a steady stream of financings resulting in its portfolio passing the EUR1bn mark recently.
The bank said it had a clear and ambitious growth plan for its shipping portfolio. Michael de Visser, Head of Shipping at NIBC: said: “As NIBC we have more than 50 years of experience in ship financing and with our through-the-cycle financing policy we have proven to be a steady and reliable partner in all stages of the shipping cycle.”
As well as vessel finance the bank also finances environmentally related retrofits such as ballast water treatment systems, scrubbers, and fuel efficiency measures. With increased environmental regulation owners face the challenge of financing retrofits.
“We see that the financing need for ship owners is growing. NIBC has always been active in the smaller and medium sized segment and we will continue to focus on specifically this group of business, with the ambition to grow our shipping portfolio further,” de Visser added.
Source: Seatrade Maritime News