NRW.BANK

SECTOR Agency
RATINGS  AA/Aa1/AAA
RATING OUTLOOK All stable
FUNDING VOLUME 2019/20  €13.9BN/€13-15BN
RISK WEIGHT, LCR LEVEL, SOLVENCY II  0%, Level 1, 0% 
REPO ELIGIBILITY 

ECB, ECB PSPP, ECB PEPP
About NRW.BANK

NRW.BANK is the largest regional development bank in Germany. Within the European supranational and agency sector, NRW.BANK – with total assets of €149 billion in 2019 – is ranked number four. As a development bank, NRW.BANK offers the full range of financial products within its three fields of promotion. These are economic development, housing promotion, and infrastructure and municipal promotion. Fighting climate change – as a cross-section topic – also has high priority.

NRW.BANK solely relies on funding from wholesale capital markets and other agencies. Furthermore, NRW.BANK does not have a dividend payout policy. As such, it is able to use almost all its revenues to strengthen its reserves.

Sustainable funding strategy

Due to its mission and public ownership, the nature of NRW.BANK is to be sustainable. In order to decrease disparities and harmonise living conditions across the region, NRW.BANK supports the local economy, stimulates affordable housing and ensures municipalities’ liquidity. These lending programmes underpin NRW.BANK Social Bonds and Social CP. The strategy is to be active in the social-bond market at least once a year with a euro benchmark transaction and to issue an inaugural Australian dollar deal.

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Green Bond Programme: support the 1.5-degree-target of the Paris Agreement with a focus on climate mitigation and adaptation. Social Bond Programme: decrease disparities and harmonise living conditions across North Rhine-Westphalia. These bonds meet a number of UN Sustainable Development Goals (1, 4, 6, 7, 8, 10, 11, 13, 14).

GSS BOND PROGRAMME Green Bond Programme, Social Bond Programme
REFERENCE TAXONOMY FOR THE USE OF PROCEEDS Green Bond Principles, Social Bond Principles, EU Green Bond Standard
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED EU Green Bond Standard and EU Taxonomy, Green Bond Principles, Social Bond Principles
EXTERNAL REVIEW PROVIDER  ISS ESG (SPO)

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE (all unsolicited)
ISS-ESG
MSCI
Sustainalytics
Vigeo Eiris
imug		 Prime (C)
Leader AA
Not public
Not public
Positive (BB)

NRW.BANK was the first German development bank to issue a green bond, in 2013. The strategy is to refinance environmentally friendly loans with green bonds. An amount equal to the net proceeds of any NRW.BANK green bond is allocated to refinance existing projects that focus on climate mitigation and adaptation. All projects must be internally classified as dark or medium green according to CICERO’s Shades of Green. Reporting on green and social bonds is included in the annual Sustainability Report.

FOR FURTHER INFORMATION PLEASE CONTACT:

Dr. Frank Richter, Head of Investor Relations
+49 211 91741 5555 • This email address is being protected from spambots. You need JavaScript enabled to view it.
www.nrwbank.de