People
Rabo
band
Progress Rabobank Group in
the first half-year of 1988
Rabo
band
In the last six months a number
of changes and appointments
have taken place at the Foreign
Offices Department of the Inter
national Division in Utrecht.
Tel (030) 902811/902835
Rabobank all over the world
The Rabobank Group recorded a succesful first half-year in 1988.
Business activities grew vigorously, whilst costs were kept well
in check. The ratio of income to expenses consequently im-
proved considerably, as did profit before provisions and taxes.
Net profit rose by 15% (1987: down by 6%).
Issue 2/September 23, 1988
Gyula Vigh van Ujvaros left the Foreign
Offices Department to become General
Manager of the Private Customers
Marketing Department within the Member
Banks Sector in Eindhoven. His place at
the editorial staff has meanwhile been
filled by Cees van Rest, Liaison Officer at
Foreign Offices Department.
Ad Middelburg will succeed Gyula in the
position of Senior Liaison Officer.
Hans Uppelschoten joined the Foreign
Offices Department early February. He will
assist the department, the branches and
affiliates in budgeting, reporting and com-
posing management information.
In April, Hans van Zanten joined the
Foreign Offices Department as System
Manager of the International Division.
ADCA-BANK
During the first half year many important
changes took place at ADCA-BANK. In the
next issue more detailed information will
be given on this.
As of May 1, Hans van der Velde was
appointed member of the Executive Board
(Vorstand). Until then he had been General
Manager of the Düsseldorf Branch.
Gert Z. Otto was appointed to succeed
him at the Düsseldorf Branch. He used to
be General Manager of the Rabobank in
Hellendoorn-Nijverdal.
Pierre Vorage, who has been working for
the Rabobank Foundation in Indonesia,
has been appointed Director of ADCA-
BANK in Frankfurt.
The demand for finance on the part of
the agricultural sector was again
very buoyant. Lending to the small
and medium-sized business sector, also
saw considerable growth. The demand for
loans by large corporations remained sub-
dued. The amount of new mortgage loans
granted in the first six months of 1988
somewhat exceeded that for the corre-
Singapore
Rob Smit, Account Manager with the
Singapore Branch, has been appointed
General Manager of the Far East Desk at
the International Division in Utrecht.
He will be replaced by Hans Stock, who
held the position of General Manager of
the Far East Desk.
Brazil
As from September 1, Dr. Teun de Boon
has been appointed Managing Director of
Latin America. He will have his residence
at Sao Paulo, Brazil. His former function
was that of Manager with Cebeco Han-
delsraad.
New York
Gordon Arnold was appointed General
Manager of the Dallas Loan Production
Office as of June 1. This office started its op-
erations in July. He used to be Senior Vice
President with the Texas Commerce Bank.
Dee Thomson has been appointed
Senior Account Manager with the Loan
Production Office in San Francisco. This of
fice started its operations in July. He used
to be Vice-President with CIC Agribusiness
Services Corporation.
Paris
André Bar, Senior Account Manager with
the London Branch, has been appointed
General Manager of the representative of
fice in Paris as of January 1, 1988. In that
capacity he will succeed Jacqueline Ie
Moignier who returns to the International
Division in Utrecht.
Luxembourg
Ab van Hienen was appointed General
Manager of the Luxembourg office. At the
moment he works with the Treasury
Division in Utrecht.
Switzerland
Hoyte Sillevis Smitt was appointed
General Manager of the banklike finance
company Rabolnvest Management Ltd. in
Zürich. He used to be General Manager of
Schretlen Co.
sponding period in 1987. Total outstanding
loans increased to DFL. 102,400,000,000.
The development of funds entrusted was
influenced by high liquidity in the domestic
economy, although in the first months of
the year the lingering effects of the banks'
duty to report customer interest earnings
to the authorities remained a factor.
However, the growth in savings subse-
INTERNATIONAL
Editorial staff
Stan Polman and Thea Mutsaers-Fibbe
(Editorial Department)
Anton Nillesen and Cees van Rest
(International Division)
Editorial address
Rabobank Nederland
P.O. Box 17100
3500 HG Utrecht
The Netherlands
Fax(030) 902845
Correspondents
Henk Adams (Indonesia), Ellen Boon
(London), Otmar Heinz (Germany), Jan
van Hunen (Curagao), Raymond Koh
(Singapore), Jacqueline Le Moignier
(Paris), Sjouke Postma (Hong Kong),
Karl Stoops (Antwerp) and Mia van de
Ven (New York).
Designed and printed by
Hoonte-Holland, Utrecht
Translation
Rabobank Nederland Translation
Department
Contributors to this issue
Maarten van den Bergh, David Stiff
Antwerp Branch/Belgium
Curaqao Subsidiaries/Netherlands
Antilles
Representative Office Hong Kong
Representative Office Jakarta/
Indonesia
London Branch/United Kingdom
New York Branch/USA
LPO's: Dallas and San Francisco
Representative Office Paris/France
Singapore Branch/Republic of
Singapore
ADCA-BANK AG/Federal Republic of
Germany
Head Office: Frankfurt am Main
Branches in: Berlin, Düsseldorf,
Frankfurt am Main, Hamburg, Hannover,
Munich and Stuttgart.
Nederlandse Scheepshypotheekbank NV
Pireaus/Greece
New York/USA
Curagao/Netherlands Antilles
In the near future offices will be opened
in:
Australia, Brazil, Italy, Luxembourg,
Spain and Switzerland.