Nationale Ontwikkelingsbank van Suriname N.V.

The Nationale Ontwikkelingsbank van Suriname N.V. (NOB) is a Surinamese secondary bank and the country's sole development bank. Established on 8 August 1963, it is wholly owned by the State of Suriname, with the Ministry of Finance and Planning acting as the authorized representative of the shareholder. The bank is governed by a management board and supervised by a Supervisory Board (Raad van Commissarissen). NOB's core mission is to promote the development of all economic sectors. It pursues this primarily by extending business credit, known as line credits (lijnkredieten), to enterprises. In addition, NOB acts as administrator of several funds: the Stichting Garantiefonds voor Bedrijfskredieten (GF), the Fonds Technische Bijstand Particuliere Sector (FTBP), the Fonds Studiefinanciering Suriname (FSS), the Studiefonds Medische Specialisten in Opleiding (SMSO), and the Productie Kredietfonds (PKF). The idea of a national development bank was first submitted to the States of Suriname in May 1961, with the aim of financing enterprises in Suriname. The initial plan envisaged issuing one thousand shares of 2,000 Surinamese guilders each. During a visit to the Netherlands in December 1962, Finance Minister Jules Sedney persuaded the Dutch government to provide financial support to Suriname, returning with a gift of 2 million guilders as the required capital for NOB. In January 1963 the founding plans were approved by the States, and NOB officially began operations on 16 September 1963. Jules Sedney himself became the first president of NOB. In 1969 the Nationale Investeringsbank NV transferred its portfolio to NOB. By the end of 1970, the combined portfolios had lent 3.5 million guilders. Today NOB continues to serve as Suriname's development finance institution, operating under state ownership and oversight.

The Nationale Ontwikkelingsbank van Suriname N.V. (NOB) was created to provide financing for enterprises in Suriname. The design for its establishment was submitted to the States of Suriname in May 1961. The initial plan was to issue one thousand shares of 2,000 Surinamese guilders each. During a visit to the Netherlands in December 1962, Minister of Finance Jules Sedney persuaded the Dutch government to financially support Suriname, and he returned with a gift of 2 million guilders as the required capital for NOB. In January 1963, the founding plans were approved by the States. NOB officially commenced operations on 16 September 1963. Jules Sedney became the first president of NOB. In 1969, the Nationale Investeringsbank NV transferred its portfolio to NOB. By the end of 1970, the combined portfolios had lent 3.5 million guilders. The bank is wholly owned by the State of Suriname, with the Ministry of Finance and Planning acting as the authorized representative. It is governed by a management board and supervised by a Supervisory Board (Raad van Commissarissen). NOB's primary objective is to promote the development of all economic sectors. It does so by providing business credit, known as line credits (lijnkredieten). It also acts as administrator of several funds: the Stichting Garantiefonds voor Bedrijfskredieten (GF), the Fonds Technische Bijstand Particuliere Sector (FTBP), the Fonds Studiefinanciering Suriname (FSS), the Studiefonds Medische Specialisten in Opleiding (SMSO), and the Productie Kredietfonds (PKF).

• 1970

  By the end of the year, combined portfolios had lent 3.5 million guilders.

• 1969

  Nationale Investeringsbank NV transfers its portfolio to NOB.

• 1963

  Founding plans approved by the States in January; NOB officially starts operations on 16 September. Jules Sedney becomes first president.

• 1962

  Finance Minister Jules Sedney visits the Netherlands in December and secures a gift of 2 million guilders as capital for NOB.

• 1961

  Design for the establishment of a Nationale Ontwikkelingsbank submitted to the States of Suriname in May.

Suriname's only development bank, state-owned and mandated to finance all economic sectors and administer development funds.

• Lijnkredieten (line credits)

  Business credit extended to enterprises to promote development across economic sectors.

• Stichting Garantiefonds voor Bedrijfskredieten (GF)

  Guarantee fund for business credits, administered by NOB.

• Fonds Technische Bijstand Particuliere Sector (FTBP)

  Fund for technical assistance to the private sector, administered by NOB.

• Fonds Studiefinanciering Suriname (FSS)

  Student financing fund for Suriname, administered by NOB.

• Studiefonds Medische Specialisten in Opleiding (SMSO)

  Study fund for medical specialists in training, administered by NOB.

• Productie Kredietfonds (PKF)

  Production credit fund, administered by NOB.

1. 1Nationale Ontwikkelingsbank - Wikidatawikidata.org
2. 2Nationale Ontwikkelingsbank - Wikipedia (NL)nl.wikipedia.org