Strong capitalization. Well collateralized loan book and sound risk management capabilities. Focused strategy and long-standing sector expertise. Niche corporate banking and mortgage franchises. Business and revenue concentration. Exposure to earnings volatility relative to other Dutch banks. The positive outlook reflects the possibility that we could raise our long- and short-term ratings on NIBC Bank N.V. by one notch if recent progress and further strengthening of the funding profile support its stand-alone creditworthiness. We intend to focus on the bank's funding profile balance over our two-year rating horizon, and assess to what extent stable funding sources support further growth in NIBC's stable revenue sources. We could raise the long- and short-term ratings on NIBC by one notch if the bank continues
