NIBC, the boutique bank, today signalled the end of its credit problems as it reported the first financial results since the collapse of a â¬3bn ($4.6bn) takeover in January. However, backers including financier JC Flowers and ABN Amro have been left nursing losses at the bank's parent company.
Speaking this morning, NIBC chief executive Jeroen Drost, who took over in March following the resignation of Michael Enthoven, said the bank had âleft its US problems behindâ after announcing a â¬293m writedown today.
