NIBC Bank Adopts Equator Principles

The Hague, 09 November 2010

NIBC Bank has adopted the Equator Principles, a globally-recognised benchmark for assessing and managing social and environmental risks in project finance. NIBC will apply the principles to project finance activities in all relevant sectors. The Equator Principles promote socially responsible conduct and sound environmental practices in relation to project finance initiatives. The benchmark seeks to provide a framework against which lending can be assessed, applying to all new project finance arrangements above US$10m. By adopting the Equator Principles, NIBC commits to not providing loans to projects where the borrower cannot or will not comply with the social and environmental standards set out in Equator Principles policies and procedures.

NIBC has acted according to the Equator Principles for some time. Officially adopting the Principles therefore formalises what the bank already does in practice.The adoption is part of the bank’s increasing efforts in the Corporate Sustainability arena. Earlier this year, for example, NIBC formalised a sustainablity policy framework that sets out environmental and social standards which clients are expected to meet. NIBC became a carbon neutral organisation and joined the global 10:10 campaign, an initiative to reduce carbon emissions by 10% in one year.

Jeroen Drost, CEO of NIBC Bank, said: “We take seriously our responsibility as a financial services provider. By adopting the Equator Principles, we are demonstrating even more clearly our commitment to interacting with clients in a responsible and sustainable way. We also expect our clients to meet the appropriate industry environmental and social market standards and market practices.”

Profile of NIBC

NIBC is the bank of choice for decisive financial moments. For every transaction we put together a hand-picked crossdiscipline team from our Merchant Banking and Specialised Finance divisions. Merchant Banking offers a combination of advice, financing and co-investment in the Benelux and Germany. Specialised Finance has a international sector focus and operates in shipping, oil & gas services, infrastructure & renewables and real estate. It also offers residential mortgages and online retail saving deposits via NIBC Direct in the Netherlands and Germany.

Our clients are our top priority. We build long-term relationships with our clients -- corporations, financial institutions, institutional investors, financial sponsors, family offices, entrepreneurial investors and retail clients. Headquartered in The Hague, we also have offices in Brussels, Frankfurt, London, Singapore and New York.

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