DUBLIN (S&P Global Ratings) June 28, 2019--S&P Global Ratings said today that NIBC Bank's announcement about the conclusion of the internal methodology investigation (IMI), performed by De Nederlandsche Bank (DNB, the Dutch Central Bank) of its corporate portfolio--and the resultant large increase in regulatory risk-weights--has no immediate effect on our view of the bank's creditworthiness. On June 26, 2019, NIBC made public the results of the DNB's review of the internal models applied to its corporate portfolio. The review resulted in a €1,173 million increase in regulatory risk-weighted assets (RWAs) for this portfolio, a 30% increase, driving the bank's CET1 ratio to 16.1% (at Dec. 31, 2018), down from the previously published 18.5%. The ensuing decline of the CET1 ratio,
