NIBC Shipping achieved another year of strong performance in 2022
NIBC Shipping achieved another year of strong performance in 2022, building a portfolio of over 1.1 billion, compared to a portfolio of EUR 914m at the start of the year (and EUR 856m in 2020), showing growth of the shipping portfolio of 30% in the last two years. During this period the credit profile of the portfolio improved, as the impaired exposures reduced to only 1.7% of the total portfolio.
These results demonstrate that NIBC’s focus on asset-based financing is a solid foundation for future growth, bolstered by our strong capital position with a CET I ratio of 17.8%. This places us in an ideal position to provide through-the-cycle type of financing to underserved maritime investors and shipowners within the shipping industry.
Michael de Visser, Managing Director Shipping at NIBC: “Shipping is characterised by its cyclicality and in today’s strong market with elevated ship values and a competitive financing environment it is important to remain disciplined in our through-the-cycle financing strategy to make sure that NIBC can also service maritime investors in less strong markets, like we have done for the past five decades. With our team of sixteen experienced and talented ship finance professionals, we are confident that NIBC Shipping is well positioned to realise its growth ambitions in order to support both existing and new clients in their refinancings and asset acquisitions.”