High growth
expected abroad
Dragon boat
in Amsterdam
New book on
cooperative banks
Dutch banks
on the move
New dealing room at Utrecht head
office ready
New number two
International
Division
Satisfaction
about figures
New trend:
free-standing
cash kiosks
Staff communication magazine
for the Rabobank Groun
The number of Rabobank
offices outside the Nether-
lands is growing rapidly. Rik van
Slingelandt, General Manager
of the International Division, re-
veals plans for the next three
years. First Europe, then the
rest of the world. Page 3.
In August, twenty Rabobank
employees rowed in a dragon
boat competition on the occa
sion of the international nauti-
cal event Sail '90 held in Am
sterdam. As the bank spon-
sored its construction, Rabo
bank Nederland was given the
use of this boat for a period of
two years.
'Cooperative banking sys-
tem in the Netherlands'. That is
the title of a recently published
book written by Herman Bol
and Albert Dierick of Rabobank
Nederland. Subjects dealt with
include the origin, characteris-
tics and structures of the
Rabobank Group.
Rabobank is looking for
strategie alliances with other
banks and financial institu-
tions. Other major Dutch banks
are seeking to strengthen their
position by means of mergers.
An inventory of the develop-
ments. Page 5.
issue 7/September 21, 1990
The new dealing room of the Financial Markets Division at
the Croeselaan in Utrecht will officially start operating on
October 12. The new dealing room has 106 dealer positions.
The dealers in (foreign) currency, forward contracts, bonds, se-
curities, deposits, etcetera now have high-tech equipment and
specially designed furniture at their disposal. Three groups (sys-
tems, construction and technology, removals) have been work-
ing on this project since 1988. The dealing rooms of the former
Treasury and Merchant Banking Divisions are incorporated into
the new dealing room.
The progress of business in
the organization in the first six
months of 1990 was satisfac-
tory. The results were in accord-
ance with expectations and
were substantially above the
level achieved in the first half
of last year.
The consolidated balance-sheet
total worked out at Dfl. 184.2 bil-
lion in mid-1990, as compared
with Dfl. 172.4 billion at the end
of 1989. For the first time, the
gross profit for the six month per
iod went beyond the magical
iimit of Dfl. 1 billion, reaching a
final total of Dfl. 1,002 million.
Taking account of a considerably
higher tax burden, the net profit
increased by 10 per cent to
Dfl. 488 million. The outlook for
the second half of the year is
moderately optimistic. The growth
rate of the entrusted funds and
loans and investments is ex
pected to flatten out. It is antici-
pated that the interest margin
will come under further pressure,
commission income will probably
stabil- ize and the growth in costs
will accelerate. Nevertheless,
barring unforeseen circum-
stances, a substantially higher re-
sultthan in 1989 seems feasible.
Since September 17 the In
ternational Division has a new
deputy head. His name is Wou
ter Kolff (45). He replaces Henk
Gentis, who has been head of
the Corporate Customers Divi
sion since April. From 1971
Koiff worked with the ABN Bank
where he held various posi
tions. Until hejoined Rabobank
he was chairman of the man
agement committee of ABN-
Bank in Belgium.
HELLO.' HOVt ARE yOU
C&Mt*\UNlCAT/ONS
The first Rabobank cash
kiosk was installed in a shop
ping centre in Hengelo, East
Netherlands, in June. The kiosk
is a free standing cash dis
penser, comparable with a
spacious telephone booth.
Rabobank's aim in installing
free-standing cash kiosks is to
improve its service. Customers
need no longer go to the bank
to withdraw cash, but can get it
in the heart of a shopping
centre. These kiosks can also be
installed temporarily for major
events where a temporary of
fice used to be set up. The
kiosk is open 24 hours a day
and comprises safety devices
which make it impossible to
break into.
