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 A municipality is usually a single administrative division having municipal corporation, corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality' ...

and

provinces A province is an administrative division within a country or state. The term derives from the ancient Roman , which was the major territorial and administrative unit of the Roman Empire's territorial possessions outside Italy. The term ''provi ...

History

The company was founded in 1914 in

The Hague The Hague ( ) is the capital city of the South Holland province of the Netherlands. With a population of over half a million, it is the third-largest city in the Netherlands. Situated on the west coast facing the North Sea, The Hague is the c ...

as the Gemeentelijke Credietbank (Municipal Credit Bureau) in 1922 and then changed its name to Bank voor Nederlandsche Gemeenten () 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

public utilities A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and r ...

, health care organisations and

public housing Public housing, also known as social housing, refers to Subsidized housing, subsidized or affordable housing provided in buildings that are usually owned and managed by local government, central government, nonprofit organizations or a ...

. BNG has been designated as a Significant Institution since the entry into force of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

in late 2014, and as a consequence is directly supervised by the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

Awards

The magazine '' Global Finance'' rated BNG Bank the third safest bank in the world in its list of "World’s 50 Safest Banks 2019". The rating is based on long-term foreign currency ratings from

Fitch Ratings Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Bi ...

and

Standard and Poor’s S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is consi ...

and the long-term bank deposit ratings from

Moody’s Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its histori ...

Investors Service.

References

External links

* Banks of the Netherlands Banks established in 1914 Privately held companies of the Netherlands Banks under direct supervision of the European Central Bank Dutch companies established in 1914 Local government finance {{Netherlands-bank-stub

History

Awards

References

Further reading

External links