Higher profit reported by NIBC


NIBC is expected to have a higher profit last year than in 2017. This is apparent from an analyst estimate that Bloomberg published. NIBC presents its annual results on Wednesday before the opening of the stock exchanges.

Experts assume an average net profit of 221.3 million euros in 2018. A year earlier, under the line, 213 million euros remained. At the time, this included the large one-off income from the sale of a German property portfolio, which generated 53 million euros. The operating result, according to experts, rises to 557 million euros, compared to 512 million euros in 2017.

ING analysts write in a preview that NIBC has lived up to expectations since its return to the stock market. The bank’s experts assume a net result of 215 million euros. This higher profit is partly due to the sale of equity portfolios.

NIBC advised investors in the autumn to aim to distribute at least 50 percent of the profits to shareholders. According to analysts, that remuneration amounts to 0.84 euros per share for the whole of 2018.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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