Bank Nederlandse Gemeenten

N.V. Bank Nederlandse Gemeenten
Private
Industry Financial services
Founded 1914
Headquarters The Hague, Netherlands
Products Financing for (semi-)public organisations
Revenue Decrease €312 million (2006)
Decrease €255 million (2006)
Decrease €199 million (2006)
Number of employees
 346
Website www.bng.nl

The Bank Nederlandse Gemeenten (Dutch Municipal Bank, BNG) is a Dutch bank and Local Government Funding Agency, 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.

The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau), changed its name to Bank voor Nederlandsche Gemeenten in 1922, before finally changing it to Bank Nederlandse Gemeenten in 1990s.

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

Awards

The magazine Global Finance rated Bank Nederlandse Gemeenten, the 2nd safest bank in the world in its "World’s 50 Safest Banks 2013" 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.[1]

References

  1. ↑ World’s 50 Safest Banks 2013


Further reading


This article is issued from Wikipedia - version of the 6/7/2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.