TIDM49WP

RNS Number : 5156N

NIBC Bank N.V.

30 September 2021

PRESS RELEASE NIBC

The Hague, 30 September 2021

NIBC Holding N.V. announces interim cash dividend 2021 of EUR 0.31 per share

Following the decision by the ECB to not extend its recommendation that banks limit dividend payments beyond 30 September 2021, the Managing Board and Supervisory Board of NIBC propose to pay an interim dividend, in line with common practice prior to the COVID-19 outbreak.

Underpinning the improved performance in the first half of 2021 and its strong capital base, NIBC proposes an interim cash dividend of EUR 0.31 per share, or a total interim dividend of EUR 45.4 million, which equals a pay-out ratio of 50% for the first half of 2021. The pay-out of the interim cash dividend 2021, which is scheduled for the fourth quarter of 2021, is subject to notification to De Nederlandsche Bank and approval by the General Meeting, for which a convocation will be sent out following this announcement.

For details about the H1 2021 financials and the capital base of NIBC, reference is made to the Condensed Interim Report 2021 of NIBC Holding N.V. that is available on NIBC's website www.nibc.com .

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 Press contact NIBC 
 Martin Groot Wesseldijk                  Eveline van Wesemael                      Toine Teulings 
  Press Relations                         Press Relations                            Debt Investor Relations 
  T: +31 70 342 5418                      T: +31 70 342 5412                         T: +31 70 342 9836 
  E: martin.groot.wesseldijk@nibc.com     E: eveline.van.wesemael@nibc.com           E: toine.teulings@nibc.com

About NIBC

NIBC is an enterprising bank focused on our clients' most decisive financial moments. Now and in the future. A bank that, like our clients, thinks ahead. We call this our 'THINK YES' mentality. For our consumer clients in the Netherlands, Germany and Belgium we offer mortgages, online savings and brokerage products that are accessible, easy to understand and fairly priced. We support our corporate clients in building their businesses. Operating in the Netherlands, Germany and UK, our corporate clients business (mainly mid-market) offers advice and debt, mezzanine and equity financing solutions to entrepreneurs across select sectors and sub-sectors in which we have strong expertise and market positions. The mid-market is dynamic by nature and requires a bank that can respond quickly and in a highly flexible way. Our aim is to meet the market's requirements at decisive moments such as mergers and acquisitions, management buy-outs, investments and strategic financings and re-financings.

You can read more about NIBC on www.nibc.com .

Forward-looking Statements

This press release may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including but not limited to terms such as guidance, expected, step up, announced, continued, incremental, on track, accelerating, ongoing, innovation, drives, growth, optimising, new, to develop, further, strengthening, implementing, well positioned, roll-out, expanding, improvements, promising, to offer, more, to be or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. The forward-looking statements included in this press release with respect to the business, results of operation and financial condition of NIBC Holding N.V. are subject to a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including but not limited to the following: changes in economic conditions in Western Europe, changes in credit spreads or interest rates, the results of our strategy and investment policies and objectives. NIBC Holding N.V. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this release.

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