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Dutch bank NIBC considering "strategic alternatives", IPO
August 23, 2017 / 6:28 AM / 4 months ago

Dutch bank NIBC considering "strategic alternatives", IPO

AMSTERDAM, Aug 23 (Reuters) - Dutch bank NIBC said on Wednesday it is reviewing its strategic options, which include a possible initial public offering of shares.

Owned by private equity firm J.C. Flowers, the Hague-based bank also reported a 37 percent rise first-half operating income to 226 million euros ($266 million) from 165 million euros in the same period a year ago, amid a thriving Dutch economy.

NIBC attributed the rise to a 19 percent increase in interest income, “strong fee and investment income on the corporate client side, increased mortgage volumes and lower funding spreads.”

$1 = 0.8508 euros Reporting by Toby Sterling, editing by Louise Heavens

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