Bank Nederlandse Gemeenten (BNG Bank) is a specialised financial institution for the public sector. BNG Bank serves local authorities, public sector housing, healthcare and educational institutions and public utilities. BNG Bank provides customised financial services including loans, funds transfers, consultancy, electronic banking and investments.
N.V. Bank Nederlandse Gemeenten is rated by Moody's, Standard & Poor's. Long-term credit rating assigned to the bank by Moody's is Aaa (prime). Long-term credit rating assigned to the bank by Standard & Poor's is AAA (extremely strong capacity to meet its financial commitments). N.V. Bank Nederlandse Gemeenten participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.
N.V. Bank Nederlandse Gemeenten is headquartered in S-Gravenhage.
|Address||Postbus 30305, 2500 GH, s-Gravenhage, Netherlands|
|Credit Ratings (as of Apr 2016)|
|Fitch||- (not rated)|
|S&P's||AAA (extremely strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, N.V. Bank Nederlandse Gemeenten is rated by Moody's and Standard & Poor's.
Credit ratings assigned to N.V. Bank Nederlandse Gemeenten as of April 2016 are shown in details in the following sections.
Long-term rating for N.V. Bank Nederlandse Gemeenten it is set to Aaa (prime). Long-term bank deposit rating is Aaa (prime). Bank financial strength rating is a1. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aaa|
|Bank Financial Strength Rating||a1|
Outlook for the ratings of N.V. Bank Nederlandse Gemeenten is set to stable (not likely to change).
Long-term foreign currency rating for N.V. Bank Nederlandse Gemeenten is set to AAA (extremely strong capacity to meet its financial commitments). Long-term local currency rating is set to AAA (extremely strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||AAA|
|Long-Term Local Currency Rating||AAA|
|Short-Term Foreign Currency Rating||A-1+|
|Short-Term Local Currency Rating||A-1+|
Short-term foreign currency rating for N.V. Bank Nederlandse Gemeenten is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in the Netherlands are obliged to participate in the Netherlands' deposit guarantee scheme.
In the case of N.V. Bank Nederlandse Gemeenten failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, small companies|
|Covered Accounts||nearly every payment or savings account, current account or term deposit is covered|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in the Netherlands
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of N.V. Bank Nederlandse Gemeenten and its components are shown in the table below.
|Bank BIC Code||BNGH|
|Country Code||NL (Netherlands)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of N.V. Bank Nederlandse Gemeenten is shown in the table below.