BRANCHES OUT Rabobank Wha t 's NewS MONTHLY INT K RNA L NEWSLETTER FOR RABOBANK INTERNATIONAL Issue 9September 1996 A record first half profit (up 37 percent) for the bank's Australia and New Zealand Group was crowned on August 28 by the launch of the bank as a branch operation in New Zealand. Until April this year, when corporate banking activities were established in this market, the bank had been growing its 'rural' lending activities. By opening the branch - we are the first overseas bank to receive a licence for more than four years - the team is now also in a position to tackle the corporate market from a location close to the cliënt base. 'We are the only integrated agricultural and agribusiness bank in this country,' said Cor Broekhuyse, who is CEO of both Rabobank Australia and Rabobank - New Zealand Branch (that's the official title). Speaking to clients and the media at the opening ceremony, which was performed by Henk Visser, Broekhuyse stressed the new operation will provide comprehensive financing for the entire agribusiness chain. He also announced the appointment of Jaap Klep as general manager effective October 1. Klep was in New Zealand for the opening and got his first taste of the country and the bank's clients during a visit to a hill station. Kiwis - welcome to the network. (more on pages 6 and 7) New to New Zealand Jaap Klep visits a cliënt with Philip McKinstry and Bryan Inch (right). in brief ROAD RUNNERS Corporate challenge was the name of the game and Rabobank Germany faced it: a ^feud run over 5.6 kilometres ^Through Frankfurt. A team of 24 German Rabobankers - including the management board - was among the thousands of competitors from all over the country. The whole spectacle was great fun for the runners and their fans. Best time among our participants was achieved by Markus Müller of corporate banking F&A with 23:45 - that's minutes and seconds, of course. Markus also organized the event for the bank. Best female runner was Danielle Steek of risk management (30:30). Overall, the bank finished 127th out of 412 teams. HUNGARY ON THE MOVE The Budapest office's banking licence application has reached an advanced stage and preparations are well underway for the start up as a branch. Besides building up the team necessary for branch activities, new premises were also needed. The bank has recently relocated to: Rabobank Hungaria Madach Trade Centre, Madach Imre üt 13-14, H-1075 Budapest. Telephone: +36 1 268 1710; Telefax: +36 1 268 1707. WHAT'S IN THIS MONTH'S ISSUE? Paper chase recycling investment 3 Corporate changes - plus some info updates 4 Bankers on the spot - New Zealand: almost new in the network 6 Bank relations - correspondent links 8 Communications - network on line 9 Talking heads - Willem van 't Hooft in the hot seat 12

Rabobank Bronnenarchief

blad 'What's news' (EN) | 1996 | | pagina 1