May 26, 2016 11:18 PM ET

Banks

Company Overview of N.V. Bank Nederlandse Gemeenten

Company Overview

N.V. Bank Nederlandse Gemeenten provides specialized financial services in the Netherlands. It offers customized financial services, such as loans and advances, payment services, area development, and asset management, as well as funds transfer, consultancy, electronic banking, and investment services. The company also participates in public-private partnership. It serves local authorities and public sector institutions in the areas of housing, healthcare, education, and public utilities. The company was founded in 1914 and is based in The Hague, the Netherlands.

Koninginnegracht 2

PO Box 30305

The Hague,  2500 GH

Netherlands

Founded in 1914

285 Employees

Phone:

31 70 375 0750

Key Executives for N.V. Bank Nederlandse Gemeenten

Chairman of the Executive Board, President and Member of Asset & Liability Committee
Age: 63
Managing Director of Public Finance
Age: 56
Managing Director of Processing
Age: 57
Managing Director of Treasury & Capital Markets
Age: 46
Company Secretary
Age: 50
Compensation as of Fiscal Year 2015.

N.V. Bank Nederlandse Gemeenten Key Developments

BNG Bank Proposes Dividend; Reports Consolidated Earnings Results for the Year Ended December 31, 2015

BNG Bank proposed a dividend of 25% of net profit to the shareholders. This represents a dividend of nearly EUR 57 million. The company reported consolidated earnings results for the year ended December 31, 2015. For the period, interest income was EUR 998 million against EUR 1,258 million a year ago. Total income was EUR 499 million against EUR 291 million a year ago. Profit before tax was EUR 314 million against EUR 179 million a year ago. Net profit was EUR 226 million against EUR 126 million a year ago. Net profit was negatively affected by impairments totaling EUR 72 million, EUR 63 million of which relates to unrealised impairments on a bond of the former Austrian bank Hypo Alpe Adria, now known by the name HETA.

BNG Bank Reports Consolidated Earnings Results for the Six Months Ended June 30, 2015

BNG Bank reported consolidated earnings results for the six months ended June 30, 2015. For the period, interest income was EUR 536 million against EUR 711 million a year ago. Total income was EUR 306 million against EUR 244 million a year ago. Profit before tax was EUR 206 million against EUR 204 million a year ago. Net profit was EUR 155 million against EUR 153 million a year ago. Net profit was negatively affected by impairments totaling EUR 68 million, in particular due to a bond of the former Austrian bank Hypo Alpe Adria.

NV Bank Nederlandse Gemeenten Announces Early Redemption of USD 111 Million Notes

NV Bank Nederlandse Gemeenten (BNG) said it would exercise its right to early redemption of USD 111 million notes on September 3, 2015. The callable zero-coupon notes mature on September 3, 2040 and will be redeemed in whole.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 22, 2016
BNG Capital Management B.V.
 

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