The New York
Branch
The Dutch Desk
About the
Netherlands
The General
Meeting
New
establishments
of Rabobank
Theme day USA
for Dutch clients
in Utrecht
Agribusiness
Advisory Com-
mittee in the USA
Dealing room in
Antwerp
Staff communication magazine
for the Rabobank Group
DUTCH DESCALATöR.
To AMERICA,.,,
DuTCH DESK AMERICA,
issue 2/September 23,1988
In the field of international-
ization the Rabobank Group
has continued expanding its
activities at a great pace. In
the past half year decisions
were made on several new es
tablishments. Early next year a
representative office will be
established in Sao Paulo,
Brazil. This year, in November,
a so-called Loan Production Of
fice will be opened in Dallas,
Texas, USA (photo). A LPO con-
ducts only part of the banking
business. It is, in fact, a com
mercial outpost of the New
York Branch. At the end of the
year another LPO will be estab
lished in San Francisco. The
end of 1988 will see the open
ing of a finance company in
Zürich (Switzerland) and in
Luxembourg. In the course of
next year a representative of
fice will be opened in Milan,
Italy. In addition, Spain is be-
ing considered for the estab
lishment of a Rabobank office
on its territory in the immedi-
ate future. Rabobank is also
planning to upgrade the Hong
Kong representative office into
a full branch in the second
half of 1989.
In early June the Rabobank Group held its Annual General
Meeting. Once a year the General Managers and board mem-
bers of the local Rabobanks in the Netherlands meet to dis-
cuss the report and annual accounts of the past year and to
adopt the policy for the year to come. More than 3,000 bank
officials attended this meeting, which was held in one of the
huge halls of the Utrecht Trade Fair. One of the guests was
Gerrit Braks, the Dutch Minister of Agriculture and Fisheries.
More details of this meeting can be found on page 8.
will soon see
the inaugura-
tion of the
Agribusiness Advisory Commit-
tee. This committee, which will
be composed of leading repre-
sentatives of agribusiness in
the USA, will inform the man
agement in Utrecht and New
York on national developments
in this sector. The committee
will have about ten members
and convene several times a
year. Expectations are that
this Advisory Committee will
contribute to increasing the
name recognition of Rabobank
in the USA.
This year Rabobank is pay-
ing special attention to clients
who do business with the Unit
ed States of America. The
opening of new branches in
Dallas and San Francisco is an
example of this. At the end of
April the International Division
organised a theme day for the
clients of member banks on
'Doing Business with the Uni
ted States'. The meeting took
place in the head office of
Rabobank Nederland in Ut
recht.
'Trade relations between the
Netherlands and the United
States are very close-knit,' said
the Deputy Chairman of the Ex-
ecutive Board, Henry Klaren-
beek, in his opening address.
Continued on page 2
Our Antwerp Branch (Bel-
gium) has been extended by
the addition of a dealing
room, in which there are four
active dealers. Mr Henry
Klarenbeek, Deputy Chairman
of Rabobank Nederland's Ex-
ecutive Board, opened this
new facility last June. The Lon-
don, New York and Singapore
Branches also have dealing
rooms. Some 100 business
customers and prospective
customers were present at
the festive meeting in
Antwerp. During his speech on
the occasion of the opening,
Mr Hen Geukers, General
Manager of the Foreign Ex
change Division in Utrecht,
stressed that the commercial
use of the European ECU-cur-
rency is still too limited and
can be improved. As much as
10 percent of intra-European
business transactions are still
being performed in dollars.