Annual results for 2024: BNG delivers solid results and increases added value for society

• EUR 11.7 billion of new long-term loans and record loan portfolio of EUR 93 billion
• A net profit of EUR 294 million, an increase of EUR 40 million compared to 2023
• Interest result of EUR 536 million, EUR 19 million more than in 2023
• Raised funding of EUR 18.6 billion, of which EUR 7.5 billion in ESG bonds
• Continued strong solvency and liquidity position with a Common Equity Tier 1 ratio of 40% and a LCR of 217%

THE HAGUE, Netherlands, March 24, 2025 /PRNewswire/ -- Thanks to the commitment of our employees and in association with clients, partners and investors, we again contributed to the economic, social and sustainable development of the Netherlands in 2024. As a financial partner, we stand alongside our clients – not only with funding, but also with knowledge, commitment and the conviction that we can really create green and social added value together.

Financial results
BNG achieved a net profit of EUR 294 million in 2024, an increase of EUR 40 million compared to the previous year. The interest result rose to EUR 536 million, while the financial transactions result amounted to EUR 15 million negative, an improvement compared to 2023. The increase in interest result is explained by the growth of the loan portfolio and by higher liquidity spreads in the market for governments and organisations in the public sector.

BNG raised EUR 18.6 billion in funding with an average maturity of 5.7 years. This is approximately EUR 3 billion more than in 2023. A significant portion of the funding was raised through ESG bonds. In total, EUR 7.5 billion of ESG bonds were issued, representing 40% of the total bonds issued.

Philippine Risch BNG CEO: "Our solid financial performance underscores not only our stability, but also our added value for clients and society. Despite challenging market conditions, the demand for credit remained high, particularly among housing associations. This resulted in EUR 11.7 billion in new long-term loans. Our ESG bonds, which increased this year compared to last year, confirm our leading role in ESG-funding. We use these bonds to fund affordable, more energy-efficient social housing and the sustainable and social activities of municipalities."

Sustainability results
Climate change, EU legislation on sustainability and increasing pressure on the public sector call for substantial investments and innovative solutions to climate issues. We have outlined our response to these challenges in our Going Green climate plan, aiming for net zero CO₂e emissions by 2050 within our value chain. We will achieve this by making our lending more sustainable with specific reduction targets for 2025 and 2030, as well as taking measures within our own business operations, such as the use of renewable energy and renovation of our office.

CO₂e emissions per financed million euros of the loan portfolio fell by 5% in 2023 - our most recent measurement year - when we look at the client groups we have measured from 2018 onwards. Over the past year, we have been able to expand the scope of our emission measurements. The coverage ratio of the emission measurements of our loan portfolio increased from 89.8% to 99.6%. The addition of the Public Infrastructure and Energy portfolio to our emission measurements resulted in an increase in total absolute financed emissions in 2023. Risch: "Together with clients, we strive for tangible ESG results and provide support for monitoring and improving them. We discuss this in more detail in our Climate Progress Report."

Looking ahead to the future
The main aspects of our strategic approach remain unchanged: we are the bank of the public sector because we offer competitive lending rates, invest in sustainability and distinguish ourselves as a bank committed to having a social impact. In 2025, we will elevate our ambition and enhance our strategy with a clear focus on core themes. For example, we will concentrate on accelerating the transition to affordable renewable energy via heating networks and addressing the housing shortage. Moreover, we consider it self-evident that we need to operate faster, more efficiently and in a more agile manner. Optimising processes, strengthening our organisation, focusing more on digitisation and continuing to invest in a robust IT infrastructure ensure that we can carry on providing our clients with an optimal service.

Risch: "Our strong capital and liquidity position is a solid foundation and gives us the confidence to look ahead. Our large market share and growing loan portfolio is proof that our approach works. We are continuing to invest in sustainability and social progress; together with clients, partners and our employees we are building a viable future."

BNG - Bank of added value Since 1914, BNG has worked every day to deliver added value in order to achieve maximum social impact. Together with the public sector, we want to spend money with impact in order to achieve green and social ambitions. For we believe not only in financial value, but also in the value of sustainability and happiness.

SOURCE BNG