Bank_Nederlandse_Gemeenten

BNG Bank

BNG Bank

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BNG Bank N.V. is a Dutch bank specializing in providing financing for (semi-)publicly owned organizations. Ranked by assets alone, it is ranked as the 4th bank in the Netherlands. The Dutch state owns 50% of the company, while the remainder is owned by the municipalities and provinces.

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History

The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau) in 1922 and then changed its name to Bank voor Nederlandsche Gemeenten (lit. 'Bank of the local governments of the Netherland') in the 1990s, before finally changing it to BNG Bank in 2018.

BNG Bank does not provide financing to private customers, but exclusively to (semi-)public organizations, such as municipalities, provinces, public utilities, health care organisations and public housing.

BNG has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[1][2]

Awards

The magazine Global Finance rated BNG Bank the third safest bank in the world in its "World’s 50 Safest Banks 2019" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor’s and the long-term bank deposit ratings from Moody’s Investors Service.[3]

References

  1. [1]
    "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  2. [2]
    "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  3. [3]
    "Global Finance Names The World's 50 Safest Banks 2019" (PDF). Global Finance. September 17, 2019.

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This article uses material from the Wikipedia article Bank_Nederlandse_Gemeenten, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.