About NN Bank
NN Bank’s purpose is to help people care for what matters most to them. The bank serves more than one million customers in the Dutch market, helping them manage and protect their assets and income through mortgage loans, (internet) savings, bank annuities, consumer lending and retail investment products. In addition, it is an important supplier of mortgages as an asset class for NN Group's insurance subsidiaries and provides administration and management services to other NN Group entities and institutional investors.
To fund its activities, NN Bank aims to have access to diversified funding sources, in terms of investors, markets and maturities. NN Bank has a Covered Bond programme for its secured funding activities, as well as a Debt Issuance Programme for its unsecured funding. In addition, Standard & Poor’s has awarded NN Bank a credit rating.
NN Bank Debt programmes
NN Bank unsecured funding
NN Bank has a Debt Issuance Programme for its unsecured funding.
More about NN Bank unsecured fundingNN Bank covered bonds
NN Bank has a Covered Bond programme for its secured funding activities.
More about NN Bank covered bondsNN Bank green bonds
NN Bank intends to align its funding strategy with its mission and sustainability strategy.
More about NN Bank green bondsCredit rating
| Rating agency | Long-term counterparty credit rating | Short-term counterparty credit rating | Outlook | Latest review date | Latest research |
| S&P Global | A | A-1 | Stable | 13 December 2024 | 28 May 2025 |
Financial reports
Whole loans
Mortgage Investment options for Institutional Investors
NN Bank offers institutional investors to invest in Dutch residential mortgages through the NN mortgage label. The origination and servicing of mortgage portfolios for NN Group entities, such as the Bank, but also Netherlands Life and Netherlands Non-life, and third-party investors are significant strategic activities of NN Bank.
Investors can choose between two options:
- A dedicated mandate: investors build their own mortgage portfolio by selecting predefined risk levels, fixed interest periods (ranging from 10 to 30 years) and loan-to-value ratios, including NHG and non-NHG. The portfolio can be adjusted over time to reflect changing investment objectives.
- A fund solution: this externally managed fund operates in accordance with predefined investment guidelines which aim to create a diversified portfolio of NN-labelled Dutch residential mortgages.
NN Bank contributes to NN Group’s decarbonisation targets and is responsible for improving the sustainability of the total residential mortgage portfolio. Reports are available to investors, providing insight into their mortgage portfolio’s characteristics including ESG risks, cash flows and portfolio build-up.
For contact and/or more information: NN Group - NN Bank contact information