Press release

With NN Bank joining, the Label reaches 111 pools and holds a 100% coverage of the Netherlands

The Covered Bond Label Foundation (CBLF) is delighted to announce that the 111^th Covered Bond Label has been granted to Nationale-Nederlanden Bank N.V. which has become the 94^th labelled issuer on the Covered Bond Label website.

Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:

“The Label has become a beacon of quality and transparency in the covered bond industry enjoying full or near full coverage of a number of key markets. NN Bank joining the Label shows the commitment to transparency of this new issuer and of the whole Dutch market, which the Label covers entirely. The continuous enhancements of the quality of the reporting of the Label and its expanding critical mass underpin its constant growth.”

To recap, the Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors and to further enhance recognition of and trust in the covered bond asset class.

The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled Issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.