A string of recent advisory mandates have helped Dutch bank NIBC double its net fee and commission income in the second quarter, despite a Europe-wide lull in mergers & acquisitions activity.

NIBC, which is part-owned by private equity group JC Flowers, today reported net fee and commission income of €14m ($19.7m) in the three months to 30 June, up from €7m in the same quarter last year and €5m in the first quarter of this year.