Ownership and Structure
BNG Bank is a statutory two-tier company under Dutch law (structuurvennootschap).
Half of the bank's share capital is held by the State of the Netherlands and the other half by municipal authorities, provincial authorities and a water board.
The composition of the Supervisory Board is based on a membership profile.
BNG Bank's share ownership is restricted by its Articles of Association to the State of the Netherlands, provinces, municipalities, water boards and other public bodies.
Half of the bank's share capital is held by the State of the Netherlands and the other half by more than 95% of all the municipal authorities, 11 of the 12 provincial authorities and a waterboard.
Changes in the present stakeholder structure are not expected. The central government's 50% stake has been held since 1921. Strong commitment of the central government to its holding was evidenced by its participation in the most recent issue of shares in 1990 in order to maintain its 50% stake.
The role of a Supervisory Board in the Netherlands is an important one, combining the responsibilities of both operational supervision and strategic input.
The members of the Supervisory Board are appointed by the General Meeting of Shareholders on the nomination of the Supervisory Board.
The composition of the Supervisory Board is based on the following membership profile:
- Three members with sufficient knowledge and administrative experience in the fields of banking, the financial markets, monetary economy, business economics, the credit supervision system and financial reporting. Persons with international experience and contacts are preferred. The Chairman is preferably chosen from this category.
- Three to four members with sufficient knowledge and experience in the field of local and regional authorities which, in this context, includes the VNG (Association of Netherlands Municipalities). This category also comprises members with great interest/experience in the fields of municipal finance, land policy and social policy.
- Two members with sufficient knowledge and experience in the field of central government, preferably at the Ministries of Finance and the Interior.
- Three to four members with sufficient knowledge and experience in the fields of public housing, spatial planning, healthcare, education and public utilities. Individuals with international (European) experience and contacts enjoy preference.
The Executive Board is responsible for the management of BNG Bank's activities.
The members of the Executive Board are appointed and dismissed by the Supervisory Board.
Publicationdate: 24 April 2012