NIBC is a Dutch bank that offers corporate and consumer banking activities. The corporate banking arm covers a combination of advice, financing and co-investment activities, whereas the consumer banking department focuses primarily on residential mortgages and online retail saving deposits in Belgium, Germany and The Netherlands.[1] NIBC held €23,638 million assets as of the end of June 2017.[2]
NIBC’s sustainability policy excludes financing the manufacture, use, trade, stockpile or service of highly controversial weapons. NIBC considers nuclear weapons to be highly controversial weapons. NIBC uses the following definition of nuclear weapons: “the term Nuclear weapon includes the weapon as a whole, as well as its key component parts, specifically designed to form part of the nuclear weapon (e.g. nuclear warheads, missiles carrying the warheads, tailor-made electric/electronic systems, enriched plutonium / uranium, specifically designed engines and guidance systems). The ballistic missile submarines which are specifically designed to launch nuclear missiles are also considered to be a key component part of the nuclear weapons in the sense of this policy. Services such as testing and maintaining / upgrading of nuclear weapons qualify as servicing nuclear weapons and therefore are also covered by the armament policy criterion.”[3]
NIBC applies the policy to “all products and services offered by NIBC”. The policy applies to whole companies, not only to the activities of producers related to nuclear weapons. [4]
NIBC makes use of a non-published exclusion list.[5]
Website: www.nibc.nl/
Twitter: @NIBC_Bank
Facebook: https://www.facebook.com/nibcdirectnl
Last modified March 2018[1] NIBC, “Bedrijfsprofiel”, website NIBC (https://www.nibc.com/about-nibc), viewed 23 January 2018.
[2] NIBC, “Moving Ahead; Condensed consolidated interim financial report 2017“, 22 August 2017, page 6, available at https://www.nibc.com/media/1655/condensed-consolidated-interim-financial-report-2017-nibc-holding-nv.pdf, viewed 23 January 2018.
[3] NIBC, “NIBC Sustainability Policy Weapons & Defense Sector Policy”, July 2017, page 2, available at https://www.nibc.com/media/1443/weapons-and-defense-policy.pdf, viewed 23 January 2018.
[4] NIBC, “NIBC Sustainability Policy Weapons & Defense Sector Policy”, July 2017, page 3, available from https://www.nibc.com/media/1443/weapons-and-defense-policy.pdf, viewed 23 January 2018.
[5] NIBC, written response to Profundo dated 5 June 2014.