NRW.BANK is the state development bank of North Rhine-Westphalia. Its mission is to support its owner – the state of North Rhine-Westphalia – in the completion of its structural and economic policy tasks. In its three fields of promotion “Economic Development”, “Housing Promotion” and “Infrastructure/Municipal Promotion”, NRW.BANK uses a wide range of promotion tools – from low-interest promotion loans to equity financing to advisory services.
In contrast to commercial banks, NRW.BANK’s customer base primarily comprises house banks and other channels of development funds. The Bank operates in a strictly non-discriminatory manner towards other financial institutions. The Bank’s - competition-neutral - relationships with the cooperative banks, private banks and savings banks are based on the so-called house bank principle.
The activities of NRW.BANK are focused on the range of development areas defined in Verständigung II. All competition-exposed activities (such as commercial real estate finance and the new issue of mortgage loans) had already been given up by Landesbank NRW, the predecessor of NRW.BANK.
To fulfil its mission, NRW.BANK operates in the following fields:
- Securing and improving the small and medium-sized business sector, especially through finance for business start-ups and business expansion,
- Social housing promotion,
- Providing venture capital,
- Urban development,
- Infrastructure initiatives,
- Agricultural, forestry and rural initiatives,
- Environmental protection, technological and innovation initiatives,
- Social, cultural and scientific initiatives.
Financing projects in the interest of the community
In the context of its mission, NRW.BANK may also provide finance for central, regional and local authorities and special-purpose associations under public law and participate in projects financed by the European Investment Bank or similar projects in the interest of the community.
In addition to the treasury business, NRW.BANK may, to the extent this is related to its tasks, also manage risks, raise subordinate guarantee capital and issue uncovered bearer bonds, profit participation rights, public-sector Pfandbriefe and other bonds.