NIBC Bank Outlook To Positive On Balancing Funding Profile And Improving Earnings Prospects; 'BBB-/A-3' Ratings Affirmed

We consider Dutch-based NIBC Bank N.V. (NIBC) has proactively balanced its funding profile over the past five years. We believe that the current funding mix is better aligned with the bank's operating model and we expect that it will further stabilize over time. As a result, we are revising our outlook on NIBC to positive from stable. We are affirming the long- and short-term counterparty credit ratings at 'BBB-/A-3'. The positive outlook reflects the possibility that we could raise the ratings in the next 18 to 24 months if NIBC further demonstrates its improved access to diversified and stable funding sources, which continues to stabilize its revenue profile and contain credit costs. LONDON (S&P Global Ratings) Oct. 19, 2016--S&P Global

...+ We consider Dutch-based NIBC Bank N.V. (NIBC) has proactively balanced its funding profile over the past five years. + We believe that the current funding mix is better aligned with the bank's operating model and we expect that it will further stabilize over time. + As a result, we are revising our outlook on NIBC to positive from stable. We are affirming the long- and short-term counterparty credit ratings at '###-/A-3'. + The positive outlook reflects the possibility that we could raise the ratings in the next 18 to 24 months if NIBC further demonstrates its improved access to diversified and stable funding sources, which continues to stabilize its revenue profile and contain credit costs. LONDON (S&P Global Ratings) Oct. 19, 2016--S&P Global Ratings today revised its outlook on Dutch-based NIBC Bank N.V. to positive from stable. At the same time, we affirmed the '###-/A-3' long- and short-term counterparty credit ratings on the bank. We also affirmed the '##' issue rating on NIBC's...

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