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Viewing report
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Bank Nederlandse Gemeenten (BNG) Oct 01
Standard & Poors, Oct 2001
Abstract
The ratings on Bank Nederlandse Gemeenten (BNG) are based on the bank's 50% ownership by the Dutch State (AAA/Stable/A-1+) and its status as leading lender to Dutch municipal authorities. The bank's ratings are also supported by its excellent asset quality, strong capitalization, satisfactory profitability, and a low cost base. Although BNG's obligations do not carry a state guarantee, the bank has substantial support from the 50% ownership of the Dutch State. Officials from both the Ministry of Finance and the Ministry of Home Affairs currently sit on the supervisory board. Dutch municipalities and provinces own the remaining shares in the group, and it is not expected that this long-standing ownership structure will change. BNG holds a leading 52% market share...
Companies mentioned in this report are: Bank Nederlandse Gemeenten N.V.,Netherlands (The) (State of) (Unsolicited Ratings),De Nederlandsche Bank,Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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