Bank Nederlandse Gemeenten
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| N.V. Bank Nederlandse Gemeenten | |
|---|---|
| Type | Private |
| Founded | 1914 |
| Headquarters | The Hague, Netherlands |
| Industry | Financial services |
| Products | Financing for (semi-)public organisations |
| Revenue | ▼ €312 million (2006) |
| Operating income | ▼ €255 million (2006) |
| Net income | ▼ €199 million (2006) |
| Employees | 346 |
| Website | www.bng.nl |
The Bank Nederlandse Gemeenten (Dutch Municipal Bank, BNG) is a Dutch bank, specialising in providing financing for (semi-)publicly owned organistations. Ranked by assets alone, it is ranked as the 4th bank in the Netherlands. The company is owned for 50% by the Dutch state, while the remainder is owned by the municipals and provinces.
The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau), but its name to Bank voor Nederlandse Gemeenten in 1922, before finally changing it to Bank Nederlandse Gemeenten in 1990s.
The BNG does not provide financing to private costumers, but exclusively to (semi-)public organistations, such as municipalities, provinces, public utilities and public housing.
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