NIBC Bank N.V. is a merchant bank

Merchant bank

A merchant bank is a financial institution which provides capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate matters to the firms they lend to....

 in the Netherlands. NIBC is owned by a consortium of international financial institutions organised by J.C. Flowers & Co LLC

JC Flowers

J.C. Flowers & Co. is a private equity investment firm, focused on investments in the financial services sector. The firm, founded in 2001, is based in New York City and run by billionaire J. Christopher Flowers, a former Goldman Sachs partner....

. NIBC has offices in The Hague, Brussels, Frankfurt, London and Singapore.

History

NIBC was established in 1945 by the Dutch government along with a number of commercial banks and institutional investors. It was set up to provide financing for the post-World War II economic recovery of the Netherlands. This entity was renamed De Nationale Investerings Bank (DNIB) in 1971 and was listed on the Dutch stock exchange, now Euronext Amsterdam, from 1986 to 1999.

In 1999, two of Europe's largest pension funds, Algemeen Burgerlijk Pensioenfonds (ABP) and Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen (PGGM), made a public offer for the shares of DNIB through a new joint venture, named NIB Capital N.V. (NIB Capital). They acquired an 85 percent stake, leaving the Dutch government with a minority interest

Minority interest

Minority interest in business is an accounting concept that refers to the portion of a subsidiary corporation's stock that is not owned by the parent corporation...

of 15 percent. NIB Capital acquired these remaining shares from the Dutch state in May 2004.

In December 2005, a consortium of international financial institutions and investors organised by J.C. Flowers & Co. purchased all the outstanding equity interests of NIB Capital. Subsequently the name was changed from NIB Capital to NIBC Bank N.V..