ZkpriC
January
feiïruary
Marcfi
May
June
Kaoo
Interpolis
Rabobank and the Interpo
lis insurance company an-
nounce plans for a more exten-
sive form of cooperation. At
that time Rabobank already
had 10 per cent of the shares.
Bond loan
Rabobank in Luxembourg
raises three hundred million
Luxembourg francs on the
Luxembourg capital market
with a bond loan. The bonds
were issued at an interest rate
of 9.5 per cent with an issue
price of 101.25 per cent. Rabo
bank Luxembourg is also co-
lead manager.
Polish bankers
Rabobank establishes in
tensive contacts with the Polish
Gospodarki Zywnosciowej Bank.
This bank urgently needs to
strengthen its management
and raise its level of know-
ledge. Rabobank offers to give
individual training to its staff.
Among other things, the top
people from the Polish bank
are guests of the local Rabo
bank De Eerde in the province
of Noord Brabant.
Visser joins Executive Board
Henk Visser is appointed a
member of the Executive Board
of Rabobank Nederland. Prior
to this he managed the Cor-
porate Banking and Interna
tional Divisions.
Satisfaction about '89
At a crowded press confer
ence, Executive Board Chairman
Herman Wijffels expresses satis
faction about the 1989 results.
Substantial credits were granted
to companies. The position as
regards housing mortgages
also improved in the retail mar
ket. The growth of savings con-
tinued vigorously.
Cooperation with CERA
Rabobank and the Belgian
cooperative bank CERA an-
nounce their intention to in-
crease their cooperation in cer-
tain fields. The CERA bank has
a balance sheet total of Dfl. 25
billion, 4,300 employees and
1,000 offices. The cooperation
is aimed at joint product devel-
opment and the electronic dis-
tribution of bank services.
Farmers at head office
Some eighty arable farmers
block the entrances and exits
of the Rabobank Nederland
building in Utrecht with trac
tors. They want an interview
with Herman Wijffels, and get
it. He agrees that the farmers'
situation is intolerable. Rabo
bank continues to support pro-
jects which contribute to the
arable farmers' position.
Rabobank Foundation helps in
Indonesia
The Rabobank Foundation
promises six million Rupiah to
a cooperative on East Java. The
Kelud volcano erupted there
twice in three days damaging
houses and buildings. The pro
duction of coffee, chocolate
and sugar cane wiil be zero this
year.
Joint venture with Bank Duta
Rabobank announces plans
to set up a joint venture with
the Indonesian Bank Duta. The
representative office there is
not allowed to handle banking
business itself. The joint ven
ture wiil remove the obstacles.
Bank Duta is the ninth largest
commercial bank in Indonesia
in terms of its balance sheet
total.
ABN/Amro merge
Completely unexpectedly,
the two largest Dutch banks -
ABN and Amro - announce they
intend to merge. The combined
bank wiil be the sixth largest in
Europe and rank among the top
25 on the world list of banks.
Successful Spanish day
350 businessmen and ac
count managers of local Rabo-
banks attend the theme day on
Spain. General Manager in
Madrid, Maus Barendrecht,
presents his office and talks
about the possibilities offered
by Banco Popular Espanol.
First international management
trainee
Rabobank Nederland and
Raibobank do Brasil, develop a
one-year intensive training pro-
gramme to prepare talented
young managers for future
leadership positions in Latin
America. Berry Marttin is the
first international trainee.
Business payment
transactions
Rabobank introducés new
rates for business payment
transactions in the Nether-
lands. That means an adjust-
ment of interest payments on
the business account, the abol-
ition of value days and the in-
troduction of an individual
transaction rate. The aim is to
make payment transactions in
the business market cost-effec-
tive. Reactions to the new ap-
proach are positive.
Milan opened
Rabobank Nederland's rep
resentative office in Milan is
Issue 8/Dec. 17, 1990 band
opened officially at the begin
ning of May. Top people from
Dutch businesses in Italy are
guests at a crowded reception.
Dott. P. Marengo (r) of the
Credito Italiano, congratulated
Executive Board Chairman
Wijffels and the General Man
ager of the representative of
fice in Milan, Cees Jansen.
Bond loan in Switzerland
Rabobank Nederland raises
one hundred million francs on
the Swiss capital market with a
bond loan. The bonds are listed
on the stock exchanges of
Zurich and Basle.
Cooperation with Robeco
The Robeco Group and Rabo
bank Nederland announce their
intention to cooperate. The
Rabobanks wiil carry the Robe
co investment funds exclusive-
ly as in-house managed funds.
Rabobank's own in-house
funds wiil be incorporated in
the Robeco range. Robeco thus
has over two thousand points
of sale available to it: the Rabo
bank branches. With managed
assets of around Dfl. 45 billion
the Robeco group is the largest
independent investment group
outside the United States. In
addition to the head office in
Rotterdam, there are branches
in Paris, Geneva, Brussels,
London, Curagao and Monte
video.
Doing business with Italy
At the one-day meeting de-
voted to Italy, for which almost
four hundred business clients
came to Utrecht, Cees Jansen
talks about the possibilities of
fered by the representative of
fice in Milan.
De Bekker joins Rabobank
Foundation
The Rabobank Foundation
says farewell to Dr. Doede
Wind, who has been secre-
tary/treasurer since 1976. He
is succeeded by Cees de
Bekker. The Rabobank Founda
tion gives financial contribu-
tions to projects in the Nether-
lands and abroad. Outside the
Netherlands these mainly re-