Investor Relations


NWB Bank operates as a bank of and for the Dutch public sector. One of the major financial service providers in the public arena, the Bank, with its Aaa/AAA -ratings, aims to provide its clients with maximum access to funding at the lowest possible cost. It does so by leveraging its lean, efficient, high-quality and committed organisation, offering a high-quality portal to the financial markets and enabling it to bundle the finance requirements of its clients in the best possible way. Its position as a Bank whose shares are owned by Dutch public authorities only and the restriction of its lending operations to the public sector, both enshrined in its Articles of Association, safeguard its robust profile as a Dutch public-sector bank. As a service provider, NWB Bank seeks to respond to the financial requirements of its clients in the best possible way.

Asset quality

In fulfilling its core duty, which is to provide the Dutch public sector with finance at the lowest possible cost, NWB Bank plays a prominent role in this sector. NWB Bank’s borrowers are mainly public authorities and institutions to which funds are lent under the guarantee of funds that are ultimately backed by the Dutch government.Given the almost risk-free nature of most of its customers, who are, moreover, exempt from solvency requirements, the Bank’s credit risk is limited, which is also expressed in the robust BIS solvency ratio.


Shares in NWB Bank may only be held by the State of the Netherlands and other legal entities governed by public law.


To fund its operations, NWB Bank uses a Medium Term Note (“MTN”) program to raise long-term funds in the international capital markets. NWB Bank is able to raise funds from a large and diversified group of international investors on favourable terms thanks to the high long-term (Aaa/AAA) credit ratings from Moody’s and Standard & Poor’s. It does so mainly by issuing debt securities under this program.

High Quality Liquid Assets (HQLA)

The Dutch Central Bank confirmed the status of NWB Bank as a promotional lender. This means that bonds issued by the bank qualify as High Quality Liquid Assets Level 1 in the Liquidity Coverage Ratio under the Capital Requirements Regulation (CRR).

Investor type



Annual report 2014

The annual report is presented only in digital format. This is in line with our CSR policy.

You may browse through the chapters via the website menu or, if you wish, compose your own annual report by combining PDF files into one PDF.

CSR Award

The NWB Bank yearly presents the CSR Award, to encourage the development of social responsible and/or environmentally sustainable projects.

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Corporate Social Responsibility

Besides a strong financial position and efficient business operations, we attach great value to social responsibility.