NIB Capital, the JC Flowers-backed Dutch financial group, has offered further insights into its decision to postpone its flotation, after revealing losses from US asset-backed securities dragged trading into the red and halved group net first-quarter profits.

NIBC, which had been targeting €1bn ($1.4bn) in fundraising through a "quick flip" Amsterdam listing, shelved the deal last month, citing volatility in the "general credit and equity markets".