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The Bank Nederlandse Gemeenten ( Netherlands Municipal Bank , BNG ) is a private Dutch bank and Local Government Funding Agency . The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank ( Municipal Credit Bureau ), and was later renamed to Bank voor Nederlandsche Gemeenten in 1922 , before eventually becoming Bank Nederlandse Gemeenten in the late 1990s . The company offers financing exclusively to ( semi- ) public organisations , such as municipalities , provinces , public utilities and public housing . Though BNG scored in 5th place in The Global Finance ’ s top 10 , as of March 2019 it was announced that Fitch had increased its rating of the company from AA + to AAA , bringing it up to second place with a total score of 30 , and assets of $ 167.9mn .

JULY 2019