BNG Bank Appoints Three New Supervisory Board Members

THE HAGUE, The Netherlands, April 24, 2014 /PRNewswire/ --

At the General Meeting of Shareholders held today, BNG Bank appointed Ms. Jantine Kriens, Mr. Kees Beuving and Mr. Lucas Bolsius as members of the Supervisory Board. Messrs. Ralph Pans and Hayo Apotheker stepped down from the Supervisory Board.

Ms. Kriens (1954) chairs the Executive Board of the Association of Dutch Municipalities (VNG) since 2013. From 2010 to 2013 she was the alderwoman responsible for Finance, Organisation, Management and Public Health in the municipality of Rotterdam. Ms. Kriens studied Dutch language and literature at the University of Amsterdam.

Mr. Beuving (1951) was the chairman of the Management Board of the Friesland Bank Holding N.V. from 2010 to 2012. Prior to that, he served in various positions in the banking sector. Mr. Beuving studied business economics at Erasmus University Rotterdam.

Mr. Bolsius (1958) has been the mayor of Amersfoort since 2010. From 2002 to 2010 he served as an alderman in Rotterdam, initially with responsibility for Social Affairs, Residential Areas and Spatial Planning, and from 2006 for a portfolio including Finance and Port Affairs. Mr. Bolsius studied social history at Erasmus University Rotterdam.

Following approval of the 2013 annual accounts, the proposed dividend for ordinary shareholders of 25% of net profit over 2013 was approved. As published in March 2014, net profit for 2013 amounted to EUR 283 million. BNG Bank will publish its 2013 Annual Report on April 25, 2014 on http://www.bngbank.com.

Commemorative book presented to Minister Dijsselbloem 

On the occasion of the bank's 100th anniversary BNG Bank's chairman of the Board Mr. Carel van Eykelenburg presented a book with the title 'Kredietwaardigheid verzilverd' (capitalized creditworthiness) to Dutch Finance Minister Jeroen Dijsselbloem. In 1914, only 37 of the more than 1100 municipalities that existed at the time participated in the bank's capital. Since then, the bank has witnessed sustained growth of both its support base and its size. The increased importance of BNG Bank's role is also shown by the development of its loan portfolio and its market shares. In 1923 the bank's total lending portfolio did not exceed 10 million guilders and the bank had a 3.8% market share in long term loans to local governments. In 2013, the bank's loan portfolio increased to 92 billion euro and around 70% of the total demand for long-term solvency-free lending from the municipal and provincial authorities, housing associations and health-care institutions was fulfilled by the bank. Meanwhile, the bank's mission to minimize costs has enabled it to keep the number of employees under 300.

BNG Bank provides financial services to provincial and municipal authorities as well as sectors that have a special government relationship. The bank makes a sustainable contribution to minimizing the costs of social provisions for the public.