- EUR 11.7 billion of brand-new long-lasting loans and record loan portfolio of EUR 93 billion
- A net revenue of EUR 294 million, a boost of EUR 40 million compared to 2023
- Interest outcome of EUR 536 million, EUR 19 million more than in 2023
- Raised financing of EUR 18.6 billion, of which EUR 7.5 billion in ESG bonds
- Continued strong solvency and liquidity position with a Typical Equity Tier 1 ratio of 40% and a LCR of 217%
THE HAGUE, Netherlands, March 24, 2025/ PRNewswire/– Thanks to the dedication of our staff members and in association with customers, partners and financiers, we once again added to the financial, social and sustainable advancement of the Netherlands in 2024. As a monetary partner, we stand together with our customers– not just with financing, however likewise with understanding, dedication and the conviction that we can truly develop green and social included worth together.
Monetary outcomes
BNG attained a net revenue of EUR 294 million in 2024, a boost of EUR 40 million compared to the previous year. The interest outcome increased to EUR 536 million, while the monetary deals result totaled up to EUR 15 million unfavorable, an enhancement compared to 2023. The boost in interest outcome is discussed by the development of the loan portfolio and by greater liquidity spreads in the market for federal governments and organisations in the general public sector.
BNG raised EUR 18.6 billion in moneying with a typical maturity of 5.7 years. This is around EUR 3 billion more than in 2023. A substantial part of the financing was raised through ESG bonds. In overall, EUR 7.5 billion of ESG bonds were released, representing 40% of the overall bonds released.
Philippine Risch BNG CEO: “Our strong monetary efficiency highlights not just our stability, however likewise our included worth for customers and society. Regardless of challenging market conditions, the need for credit stayed high, especially amongst real estate associations. This led to EUR 11.7 billion in brand-new long-lasting loans. Our ESG bonds, which increased this year compared to in 2015, verify our part in ESG-funding. We utilize these bonds to money budget-friendly, more energy-efficient social real estate and the sustainable and social activities of towns.”
Sustainability outcomes
Environment modification, EU legislation on sustainability and increasing pressure on the general public sector require significant financial investments and ingenious options to environment problems. We have actually described our action to these difficulties in our Going Green environment strategy, going for net no CO 2 e emissions by 2050 within our worth chain. We will accomplish this by making our loaning more sustainable with particular decrease targets for 2025 and 2030, in addition to taking steps within our own company operations, such as making use of renewable resource and remodelling of our workplace.
CO 2 e emissions per funded million euros of the loan portfolio fell by 5% in 2023 – our newest measurement year – when we take a look at the customer groups we have actually determined from 2018 onwards. Over the previous year, we have actually had the ability to broaden the scope of our emission measurements. The protection ratio of the emission measurements of our loan portfolio increased from 89.8% to 99.6%. The addition of the general public Facilities and Energy portfolio to our emission measurements led to a boost in overall outright funded emissions in 2023. Risch: “Together with customers, we pursue concrete ESG outcomes and offer assistance for tracking and enhancing them. We discuss this in more information in our Environment Development Report.”
Expecting the future
The primary elements of our tactical method stay the same: we are the bank of the general public sector due to the fact that we provide competitive loaning rates, purchase sustainability and differentiate ourselves as a bank dedicated to having a social effect. In 2025, we will raise our aspiration and boost our technique with a clear concentrate on core styles. For instance, we will focus on speeding up the shift to budget-friendly renewable resource through heating networks and attending to the real estate lack. Additionally, we consider it self-evident that we require to run much faster, more effectively and in a more nimble way. Optimising procedures, enhancing our organisation, focusing more on digitisation and continuing to purchase a robust IT facilities make sure that we can continue offering our customers with an ideal service.
Risch: “Our strong capital and liquidity position is a strong structure and offers us the self-confidence to look ahead. Our big market share and growing loan portfolio is evidence that our method works. We are continuing to purchase sustainability and social development; together with customers, partners and our staff members we are developing a feasible future.”
BNG – Bank of included worth Considering That 1914, BNG has actually worked every day to provide included worth in order to accomplish optimum social effect. Together with the general public sector, we wish to invest cash with effect in order to accomplish green and social aspirations. For our company believe not just in monetary worth, however likewise in the worth of sustainability and joy.
View initial material: https://www.prnewswire.com/news-releases/annual-results-for-2024-bng-delivers-solid-results-and-increases-added-value-for-society-302408222.html
SOURCE BNG
Market News and Data gave you by Benzinga APIs