Rabobank
Telebanking
Interpolis and
AVCB merge
Board of Directors
in the Far East
Corporate Finance
Division
INTERNATIONAL
Management Committee Central
Banking Sector working on the future
Wijffels in Japan
Own
office
in Hungary
Theme
afternoon on
Great Britain
Staff communication magazine
fnr the Rabobank Gr oud
Rabobank customers can
now organize their international
funds transfers more effi-
ciently. Rabo Telebanking, the
automated payments system,
has been extended to include
the International Payments
module. This facility is advan-
tageous for companies making
at least eighteen foreign pay
ments per month.
The Interpolis insurance
group, a subsidiary of the Rabo
bank Group, intends to coop-
erate more closely with the
AVCB insurance group. The aim
is to achieve a full merger. Both
companies operate on a coop-
erative basis.
In January the Board of Direc
tors of Rabobank Nederland will
visit the branches in Hong Kong,
Indonesia and Singapore. They
will also pay visits to various
companies and have discus-
sions with top officials from the
financial world. The trip was
cancelled last year as a result of
the Gulf War.
The Central Banking Sector
of Rabobank Nederland used to
have 4 divisions. Since Decem
ber there are 5. The new Corpor
ate Finance Division concentra-
tes on providing capital market
services to large companies and
monitoring their implementation.
NEW
A HAPPY
yeARoPE
The Management Committee of the Central Banking Sector
has drawn up challenging plans for 1992, both for the
organization in the Netherlands and for the foreign offices. The
financial world is on the move. Banks are merging, ever-
increasing integration is taking place between banks and
insurance companies, the countries of Europe are moving
towards unification and positive developments can be seen in
Latin America and Eastern Europe. All this calls for an
appropriate reaction. Great importance is attached to
strengthening our network both in the Netherlands and abroad.
The Management Committee, the staff of the International
Division and the editors wish aii Rabobank employees
throughout the world a very good 1992.
Queen Beatrix paid a state
visit to Japan in October. A
number of top executives from
Dutch industry travelled along
with her. One of them was
Executive Board Chairman,
Herman Wijffels.
The Netherlands imports five
billion dollars' worth of products
annually from Japan and its
annual exports to that country
amount to the same total.
Among other things, Wijffels
investigated the possibilities for
selling more Dutch products in
Japan. His programme included
visits to the Ministry of Agri-
culture and Japanese banks.
The developments in Eastern
Europe offer great commer
cial opportunities for the or-
ganization's clients. The Leip-
zig office was recently open-
ed successfully in the former
East Germany. Following that,
possibilities for the bank in
Poland, Czechoslovakia and
Hungary were also investi
gated.
It was soon apparent that pref-
erence had to be given to hav-
ing our own presence in the
market. Hungary offers the
best opportunities for this at
present. In January, Henk
Leliveld of Rabobank Neder
land in Utrecht will move into
an office in Budapest. In the
first two months he will mainly
concentrate on getting a clear
picture of the market and the
commercial possibilities. Next,
he will turn his attention to
advising and guiding the cus
tomers of the Rabobank Group
and to developing the busi
ness volume.
At the start of December
two hundred and fifty cus
tomers of local Rabobanks
attended a theme afternoon
on Great Britain in Utrecht.
They were accompanied by a
number of account managers
from the banks concerned.
The meeting was one of a
series on countries where
Rabobank has a branch of its
own. Previous meetings dealt
with Italy, France and Ger
many, among others. Items on
the programme included a
number of talks on doing
business with the United King
dom, the role Rabobank can
play in this and the alliance
partner Lloyds Bank. Willem
van Lynden, general manager
of the London Branch, also
gave a talk.