Interim Reports

BNG maintains a stable course despite the continuing turbulence in the financial markets. The net profit for the first half of 2010 was EUR 110 million (2009: EUR 114 million).


Cover Interim Report 2010Positive factors were the higher interest result and an incidental tax advantage. The unrealised result financial transactions due to revaluations of assets was negative in the period under review. This was mainly caused by the atmosphere of crisis that surrounded the southern Eurozone countries in the second quarter.

The volume of new long-term lending increased relative to the first half of 2009 by EUR 4.2 billion to EUR 7.3 billion. Clients benefited from exceptionally low interest rates, especially in the very long segment. The short-term lending remained at about the same level. Compared with the second half of 2009, average short-term lending to clients fell by just EUR 0.1 billion to EUR 5.7 billion.

Given the fragile economic recovery, the increased volatility of results and all the other uncertainties the bank does not consider it wise to make a statement about the 2010 net profit.

 

 

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Disclaimer

Please note that the Interim Report is an uncertified translation of the Dutch Interim Report for convenience only. In the event of any ambiguity, the Dutch text will prevail. Furthermore, in the event of any ambiguity the text of the printed and published version of the BNG Interim Report wil prevail over the electronic version.

The printed and published version (English or Dutch) will be made available by sending an email to Marketing & Communications: mc@bng.nl.

 

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Interim report 2010

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