BNG Bank

BNG Bank N.V.

Company type	Private
Industry	Financial services
Founded	1914; 110 years ago (1914)
Headquarters	The Hague, Netherlands
Key people	Gita Salden, CEO
Products	Financing for (semi-)public organisations
Operating income	€459 million (2018)
Net income	€337 million (2006)
Number of employees	302 (2019)
Website	www.bngbank.nl

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.

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 for the Dutch Municipalities') 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

^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
^ "Global Finance Names The World's 50 Safest Banks 2019" (PDF). cloudfront.net. Global Finance. September 17, 2019. Archived from the original (PDF) on 2019-12-11.

External links

Documents and clippings about BNG Bank in the 20th Century Press Archives of the ZBW

Financial services companies of the Netherlands

History

Financial history of the Dutch Republic

Banks

Bancassurance	ING Group Rabobank De Volksbank
Other Banks	ABN Amro Alex ASN Bank Amsterdam Trade Bank Bank Nederlandse Gemeenten Binck Bunq De Lage Landen ELQ Hypotheken Friesland Bank Nederlandse Waterschapsbank NIBC Bank Postbank SNS Bank Sparck Triodos Bank
Private banks & asset management	APG Insinger de Beaufort Kempen & Co MeesPierson Oyens & van Eeghen Robeco Schretlen & Co Staalbankiers Theodoor Gilissen Bankiers Van Lanschot Kempen