BNG Profit EUR 278 million
The Hague, 8 March 2010
BNG closes the 2009 financial year with a net profit of EUR 278 million (2008: EUR 158 million). As a result of the low money market interest rate, interest results have risen by EUR 60 million. The increased marketability of interest bearing securities has lead to an increase of the result financial transactions by EUR 104 million. The proposed dividend payout to shareholders amounts to EUR 139 million.
BNG is the bank of and for authorities and public sector institutions. Despite difficult market conditions, during the year under review, the bank continued to offer uninterrupted lending at competitive rates to its core client groups - local authorities, housing associations and health care and educational institutions - and strengthened its market position.
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