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     589  0 Kommentare BNG Bank Contributes to Financing Socially Relevant Activities

    THE HAGUE, August 29, 2016 /PRNewswire/ --

    - Sustainability is an important part of the strategy 

    - Clients reluctant to make new investments 

    - Net profit amounts to EUR 126 million 

    - Direct consequences of Brexit-referendum are limited for BNG Bank 


    In the first half of 2016, BNG Bank actively contributed to solutions for the problems to finance socially relevant activities and sectors that were identified by the government and the Confederation of Netherlands Industry and Employers VNO-NCW. Concrete examples of its involvement are the financing of sustainability investments in social housing, the banks' contribution to the Dutch Energy Agreement for Sustainable Growth and the financingof large infrastructure projects. In order to further improve the financing of those activities, the bank is also actively engaging with private and public parties such as pension funds, the Netherlands Investment Institution and the Netherlands Investment Agency for EFSI. 

    Sustainability is an important part of the strategy 

    Sustainability is an important part of BNG Bank's strategy and is given shape and substance on both sides of the balance sheet as well as in the bank's operations.

    The 8-year bond of EUR 1 billion which was issued to fund the most sustainable housing associations was highly oversubscribed by international investors. By means of this first 'social housing bond', BNG Bank encourages its clients in the social housing sector to become more sustainable while responding to the growing worldwide demand for this type of investments.

    In February of this year, BNG Bank concluded a financing agreement to fund 20 solar energy installations for municipal offices and other public real estate. By now, the first installations are operational. In March 2016, solar panels were installed on BNG Bank's roof, in order to  reduce the bank's CO2 emissions.

    Clients reluctant to make new investments  

    New long-term lending to the public and semi-public sector amounted to EUR 4.7 billion in the first half of 2016, demonstrating the relevancyof BNG Bank for the Dutch society. Apart from the social housing sector, turnover in the bank's client sectors was in line with expectations. Housing associations are more cautious than expected in making new investments, due to the introduction of the amended Housing Act. BNG Bank's credit portfolio fell by EUR 0.6 billion to EUR 88.8 billion in the reporting period. The bank's market share in the core client sectors was once again well above target during the reporting period, despite a slight increase in competition.

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    BNG Bank Contributes to Financing Socially Relevant Activities THE HAGUE, August 29, 2016 /PRNewswire/ - - Sustainability is an important part of the strategy  - Clients reluctant to make new investments  - Net profit amounts to EUR 126 million  - Direct consequences of Brexit-referendum are limited for BNG …