BNG was founded in 1914 by the Association of Dutch Municipalities as the Municipal Credit Bank. Its purpose was to provide municipalities with financial resources for social progress. This mission still forms the core of our work: as a reliable partner, we finance the public domain. Together, we are building a green and social Netherlands.
BNG is an unlisted structured company. BNG has one wholly owned subsidiary, called BNG Gebiedsontwikkeling. Since 2018, this subsidiary has not entered into any new participations.
At BNG, the Executive Committee (ExCo) and the Supervisory Board (RvC) form a strong management structure. Together, they determine the bank's strategic course and continuity, with a focus on achieving social impact and sustainable improvement. In addition to the ExCo and the RvC, BNG has two other corporate bodies: the General Meeting and the Works Council.
At the General Meeting, shareholders can exercise their control rights with regard to BNG. The Works Council advises and consults with the Executive Committee and represents the employees and the organisation.
Our corporate governance is based on legal frameworks and principles from the Dutch Corporate Governance Code. This includes important guidelines on matters such as remuneration policy and risk management.
Read more about our corporate governance
The ExCo is responsible for day-to-day management and the implementation of our strategy. The five members each have responsibility for different policy and executive tasks.
The Supervisory Board oversees the policy of the ExCo and focuses on sustainable value creation for our customers and society. The Supervisory Board also safeguards the integrity of our financial reporting and internal control systems.
Read more about the Supervisory Board
Our shareholders are exclusively public authorities. The State of The Netherlands owns half of the shares. The other half is held by municipalities, counties and water boards.