BNG Bank Appoints Petri Hofsté to Supervisory Board

THE HAGUE, The Netherlands, April 22, 2013 /PRNewswire/ --

The General Meeting of Shareholders of BNG Bank appointed ms. Petri Hofsté as a member of the Supervisory Board on April 22, 2013.

Ms. Hofsté (1961) has been a member of the Executive Board of Directors and Chief Financial & Risk Officer (CFRO) of APG Groep N.V. since 1 February 2013.

From 2010 to October 2012, she was responsible for Bank Supervision as Director of the Dutch central bank (De Nederlandsche Bank). Previously, she worked as Deputy CFO for ABN AMRO  and, until September 2010, as CFO of RBS N.V., the legal successor of ABN AMRO after the latter's break-up. Prior to that, ms. Hofsté was partner at KPMG Accountants.

In her previous work and as a member of several committees of the IASB, Petri Hofsté gained thorough knowledge and experience on the issue of International Financial Reporting Standards.

The General Meeting of Shareholders also adopted the financial statements for the year 2012. Net profit in this year amounted to 332 million euro. The General Meeting of Shareholders decided, in line with the previous year, to pay out a dividend equal to 25% of the net profit over 2012.

BNG Bank is the bank of and for local authorities and public sector institutions. The bank makes a sustainable contribution to minimizing the costs of social provisions for the public.