Large capital buffer. Highly-collateralized loan book. Agile business model, and prudent foray into new areas, facilitating the required build-up of sector expertise. Niche strategy in corporate banking and mortgage franchises, combined with the constant search for the next growth drivers. Exposure to potentially volatile segments such as shipping, commercial real estate, and oil and gas. Business model more sensitive to market confidence than larger universal banks in NIBC's key markets. The stable outlook on NIBC Bank N.V. reflects S&P Global Ratings' view that the bank will preserve its robust capitalization and sound asset quality. We expect NIBC to keep pursuing moderate balance-sheet growth over the next two years while maintaining its risk-controlled niche strategic focus. We expect its funding profile
