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.
BNG Bank NV is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aaa (prime).
BNG Bank NV participates in deposit guarantee scheme of the Netherlands. This scheme covers accounts up to 100 000 EUR per bank per depositor.
BNG Bank NV is headquartered in S-Gravenhage.
|- (not rated)||Aaa (prime)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. BNG Bank NV is rated by Moody's.
Credit ratings assigned to BNG Bank NV as of May 2018 are shown in details in the following sections.
Long-term rating for BNG Bank NV it is set to Aaa (prime). Long-term bank deposit rating is Aaa (prime). Baseline credit assessment is a1. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aaa|
|Baseline Credit Assessment||a1|
Outlook for the ratings of BNG Bank NV is set to stable (not likely to change).
|Yes (up to 100 000 EUR per depositor)|
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 BNG Bank NV 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|
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 BNG Bank NV 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 BNG Bank NV is shown in the table below.