NIBC Bank profit after tax from continuing operations in 2007 rises 4% to €242 million

Europe: The profit after tax from continuing operations in 2007 4% higher at €242 million despite difficult market circumstances. Net profit attributable to parent shareholders of NIBC Bank for 2007 totals €98 million due to a loss of €141 million on our discontinued US business in the first half of 2007. Tier-1 ratio remains strong at 11.7%. Several landmark M&A transactions and the launch of a number of investment funds underpin NIBC’s franchise and growth potential. The shareholders of NIBC endorse the determination of NIBC to remain an independent merchant bank and confirm their commitment to a new equity capital injection of €300 million.

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NIBC Bank profit after tax from continuing operations in 2007 rises 4% to €242 million

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