NIBC Bank, a Dutch bank headquartered in The Hague, has reached the EUR 1bn mark in its shipping portfolio after experiencing growth due to a shift in strategy, according to a company release.

The bank explains that it has recently changed its strategy to focus on ”asset-based financing solutions,” saying its strategy to serve small and medium-sized shipping companies has resulted in a growing portfolio.

Michael de Visser, head of shipping at NIBC, says the bank has more than 50 years of experience in the ship financing sphere.

”We see that the financing need for ship owners is growing. NIBC has always been active in the smaller and medium sized segment and we will continue to focus on specifically this group of business, with the ambition to grow our Shipping portfolio further,” he says.

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