This year, NIBC’s shipping activities have seen a steady growth of financings and, as a result, has surpassed the EUR 1 billion milestone.
NIBC provides financial and advisory solutions for companies in the shipping sector, with a clientele based mainly in North-West Europe.
The enterprising bank has focused its strategy on asset-based financing solutions, a practice of using a company’s balance sheet assets as security to borrow money or take out a loan against what is already owned.
This has allowed NIBC to define a clear path for the shipping portfolio.
NIBC offers its services to ship owners that are underserved when it comes to receiving financing.
NIBC has also helped finance ballast water treatment systems to eliminate biodiversity impacts.
NIBC aids scrubbers in reducing climate impacts and other fuel efficiency measures, helping ship owners decarbonise and reduce the impacts of vessels on the environment.
Michael de Visser, head of shipping at NIBC, said: “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.”