News archive 2014

Below you can find the perss releases and news items that were published in 2014.

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Standard & Poor’s affirms AA+/A-1+ ratings

On 4 November 2014 Standard & Poor’s (“S&P”) affirmed its AA+/A-1+ long- and short-term issuer credit ratings with stable outlook on Nederlandse Waterschapsbank N.V. (“NWB Bank”).

NWB Bank bonds qualify as Level 1 Assets

De Nederlandsche Bank N.V. ("DNB", the Dutch Central Bank) confirmed that NWB Bank is a promotional lender in light of the liquidity coverage requirement under the Capital Requirements Regulation. This means that bonds issued by the bank qualify as High Quality Liquid Assets Level 1.

DNB announced the following:

Comprehensive Assessment by ECB confirms financial robustness of NWB Bank

On 4 November 2014, the European banking union will start off with the Single Supervisory Mechanism ("SSM") entering into force. The SSM is the first pillar of the European banking union. The second pillar is the Single Resolution Mechanism and the third pillar is the Deposit Guarantee Scheme. Under the SSM, the European Central Bank ("ECB") will supervise the European banks. NWB Bank is one of the seven Dutch significant banks to be directly supervised by the ECB.

USD 1,500,000,000 benchmark issue

Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed a 3-year USD 1,500,000,000 benchmark with 144A/Reg S format. The joint lead managers were BofA Merrill Lynch, Citigroup and TD Securities. NWB Bank is a AA+ (stable outlook)/Aaa (negative outlook) rated public sector bank.

USD 1,000,000,000 benchmark issue

Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed an 18 months USD 1,000,000,000 benchmark with 144A/Reg S format. The joint lead managers were Credit Suisse Securities (Europe) Limited and Merrill Lynch, Pierce, Fenner & Smith Incorporated. NWB Bank is a AA+ (stable outlook)/Aaa (negative outlook) rated public sector bank.

Half-year figures 2014

• New lending €1.9 billion
• Launch of Green Bonds
• Net profit €27.6 million (up 27%)
• Long-term funding €9.0 billion

Resignation Mr. V.I. Goedvolk as Member of Supervisory Board of NWB Bank

Due to legislative limitation number of directorships as of 1 August 2014 Mr. V.I. Goedvolk has resigned as Member of Supervisory Board of NWB Bank

EUR 500 million 5-year inaugural benchmark Green Bond

Nederlandse Waterschapsbank N.V. (“NWB Bank”) today has launched a very successful 5-year EUR 500,000,000 benchmark Green Bond issue. This first green bond issue of NWB Bank underpins its role as robust and sustainable finance partner to the Dutch public sector.

USD 1,500,000,000 benchmark issue

Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed an 18 months USD 1,500,000,000 benchmark with 144A/Reg S format. The joint lead managers were Citigroup, J.P. Morgan en The Toronto-Dominion Bank. NWB Bank is a AA+ (stable outlook)/Aaa (negative outlook) rated public sector bank.

Moody’s affirms Aaa rating and changes outlook to negative

Moody’s Investors Service (“Moody’s”) has affirmed the Aaa long-term rating of NWB Bank and changed the outlook from stable to negative. The outlook change is part of Moody’s’ rating action to change the outlook on 82 long-term European bank ratings to negative following its initial assessment of the recently adopted Bank Recovery and Resolution Directive (“BRRD”) and the Single Resolution Mechanism (“SRM”) regulation in the EU.

General Meeting of Shareholders 2014

During the annual General Meeting of Shareholders of Nederlandse Waterschapsbank N.V. ("NWB Bank") held in The Hague on 23 April 2014, the shareholders adopted the 2013 annual accounts. In light of the Basel III capital requirements, the net profit for 2013 of € 33.9 million will be added to the Bank’s general reserves in full.

USD 1,750,000,000 benchmark issue

Nederlandse Waterschapsbank N.V. (“NWB Bank”) has completed a 5-yr USD 1,750,000,000 benchmark with 144A/Reg S format. The joint lead managers were Barclays Bank PLC, BNP Paribas and Nomura International plc. NWB Bank is a AA+ (stable outlook)/Aaa (stable outlook) rated public sector bank.

Moody’s changes outlook on NWB Bank’s Aaa rating from negative to stable

12 March 2014 - Moody’s Investors Service (“Moody’s”) has changed the outlook on NWB Bank’s Aaa/P-1 ratings from negative to stable, following the same change in the outlook of the Government of the Netherlands’ rating, which it had announced on 7 March 2014.

Annual results 2013

NWB Bank in 2013:

  • Strong position in public sector consolidated
  • New lending sustained at €3.7 billion
  • Net profit €33.9 million
  • Long-term funding €9.5 billion

EUR 1,000,000,000 5yr benchmark issue

Nederlandse Waterschapsbank N.V. (“NWB Bank”) has launched a 5yr EUR 1,000,000,000 benchmark issue. The joint lead managers are Deutsche Bank A.G., JP Morgan en Natixis. NWB Bank is a AA/Aaa rated public sector bank.

Professor A.F.P. Bakker elected Chairman of Supervisory Board

The Supervisory Board of NWB Bank elected Professor A.F.P. (Age) Bakker as its Chairman with effect from 23 April 2014. During the Annual General Meeting of Shareholders of that date, the incumbent Chairman, Professor R.G.C. (Dolf) van den Brink, is due to stand down on reaching his maximum term of office. Professor Bakker (63) has been a member of the Supervisory Board and the Audit and Risk Committee since 1 January 2012. The Dutch Central Bank has green-lighted his appointment as Chairman.