NIBC reports underlying result of EUR 33 million for the first half of 2026

• The acquisition by ABN AMRO has been completed; as per 1 August NIBC is a subsidiary of ABN AMRO
• NIBC’s reported net profit for the first six months of 2026 was EUR 25 million, representing a return-on-target CET1 of 5.5%. The underlying result, excluding non-recurring items, was EUR 33 million
• Continued growth in our Retail business, with both mortgage volumes and retail savings increasing by 1%, contributed to a 2% growth of net interest income
• Tight cost control resulted in a 6% reduction in operating expenses
• Financial performance was impacted by a negative hedge accounting result and a non-recurring loss on the sale of non-core assets
• Strong capital base with a CET1 ratio of 15.3%
• To align with the publication date of ABN AMRO’s Q2 results, NIBC’s key results are published ahead of its condensed interim report 2026, which will be published on 20 August 2026
  

Statement of the CEO, Nick Jue:

“The first half of 2026 was dominated by preparations for the closing of the acquisition by ABN AMRO. On 3 August we announced the completion of this acquisition, following the initial announcement of the transaction on 12 November 2025 and after receiving all required regulatory approvals. NIBC is now a subsidiary of ABN AMRO, marking the start of an exciting new chapter for our bank. As part of ABN AMRO, we will continue to build on our recognised client proposition and specialist expertise, now supported by ABN AMRO’s scale, strength and broader capabilities. We remain fully committed to serving our clients with the dedication and entrepreneurial spirit that define our bank.

For the first half of 2026 NIBC reports a net profit of EUR 25 million, representing a return-on-target CET1 of 5.5%. Our financial performance was impacted by a negative hedge accounting result of EUR 28 million and a non-recurring loss on the sale of non-core assets of EUR 7 million. Excluding non-recurring items, our profit for the first six months was EUR 33 million. Net interest income rose 2% compared to the first six months of 2025. This increase was mainly driven by lower funding costs, partly offset by lower interest income from non-core exposures that were sold in 2025 and resulted in an improved net interest income margin of 1.48%, compared to 1.40% for full-year 2025. Tight cost control resulted in a 6% decrease in operating expenses, mostly due to lower personnel expenses and lower project expenses.

In the first six months of the year, our savings business grew by 1% to EUR 12.6 billion. Our mortgage business, representing 78% of our core assets, also grew by 1%. The on-balance sheet mortgage book reached EUR 14.8 billion as of 30 June 2026 and our originate-to-manage mortgage book stood at EUR 13.2 billion. Our strong market position for mortgages was further recognized by winning the Gouden Lotus Award 2026 for Best Mid-Sized Mortgage Lender as well as maintaining a strong customer satisfaction score of 8.3.

Our corporate portfolios decreased 4% to EUR 4.2 billion, due to selective origination and elevated pre-payment levels. In some areas of the fiber market, we continue to see challenging conditions which have led to EUR 12 million credit losses in our portfolio.

Our capital base remains strong with a CET1 ratio of 15.3%, which includes the impact of a EUR 261 million capital reduction at the end of July just before completion of the acquisition by ABN AMRO.

The next phase of the ABN AMRO acquisition will consist of preparing for a legal merger and subsequent integration. Legal merger is subject to approval by the relevant regulators and advice from the Works Councils. By joining forces, ABN AMRO and NIBC can build on the strengths of both organisations, with the aim of delivering even greater value to clients.

On behalf of the Managing Board, I would like to thank all our clients for entrusting us with their business. Another word of gratitude goes to all our colleagues for their commitment and dedication, especially in these times of change.”

All figures in this document are unaudited. For full details we refer to our condensed interim report 2026 NIBC Bank N.V. which will be published here on 20 August 2026.

For our full press release, please refer to the Download below.