From Wikipedia, the free encyclopedia
The Bank Nederlandse Gemeenten (Dutch Municipal Bank, BNG) 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 company is owned for 50% by the Dutch state, 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 Nederlandse 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.
