in briefs Arnold moves to WOCCU Environmental concern DVD/Nedship launch new alliance io What's NewS Issue 1 January/February 2000 Long-time Rabobank International se nior manager and managing board chairman R. Arthur Arnold has been ap- pointcd chief executive officer of the World Council of Credit Unions, effective 1 February 2000. Arnold joined Rabobank from ABN-Amro, where he built considerable experience at home and internationally. He came to RI in 1992 as deputy chairman of the International Di- vision. When Rik van Slingelandt was ap- pointed to the executive board, Arnold took over. He was behind the introduction of the Customer Focus Strategy back in 1996. In 1998, he was appointed to strategie cooperation projects. Arnold's new job with the WOCCU takes him to the heart of the global cooperative move- ment. Established in 1971, the WOCCU Saying goodbye - Bert Steketee (left), Arthur Arnold, Hans Smits and Mrs. Arnold at the farewell reception is an international umbrclla organization representing the interests of both credit unions and cooperative fïnancial institu- tions. lts aim is to organize, expand, itn- prove and integrate credit unions so that they become effective instruments for economie and social development. At a farewell reception, Arnold reccived best wishes from numerous forrner and current colleagues. He told What's NewS that he saw his role with the WOCCU as an ex- citing new challenge. In another step towards environmentally sound policies, Rabobank Group has joined the World Business Council for Sustainable Development (WBCSD) from 1 January. Member companies engagc in debatcs and discussions in an effort to ad- dress the role which businesses and indus- try can play in sustainable development. Active participation in the WBCSD wili help Rabobank better integrate environ mentally sound practices into policy and activities. Other member companies in- clude General Motors, Sony, AT &T, Proctor Gamble, Time Warner, Xerox and Volkswagen. Hans Smits represents the Group in the council of the WBCSD and Bart Krouwel, head of sustainable de velopment, acts as liaison delegate. The fï nancial sector can play a kcy role in changing the business sector into a sus tainable society - this is why Rabobank's entry into the organization is so impor tant, argucs Krouwel. Rabobank Group's entry into the WBSCD is the next step in an active commitment to addressing and improving environmentally ethica! practices. In 1994, we signed the Interna tional Chamber of Commerce's charter for sustainable development. In an effort to reduce energy consumption, Rabobank signed a multi-year agreement with the Dutch Ministry of Economie Affairs in 1996, and in May 1997 we becante the First major Dutch bank to sign the declaration of the United Nations Environment Program (UNEP) for banks supporting environmental and sustainable development. Aftcr weeks of speculation in the press, Deutsche Verkehrsbank (DVB) and Nedship finally announced plans to join forces just before the new year. DG Bank owns a majority (65%) stake in DVB, which lends to the transport industry. DVB recently moved into the aviation and ship Hnancing markets following its acqui- sition of the Japanese Long-Terni Credit Bank. The alliance with Nedship will create a major new force in European ship financc. Rotterdam based Nedship is one of the world's top 10 financiers of the shipping industry. For over a century, it has built a strong market position and currently employs 80 pcople. With assets of around EUR 2.2 billion, a return on equity of close to 12% and a cost-income ratio of more than 32%, Nedship is an attractive proposition for an already significant player looking for growth. The Deutsche Verkehrsbank has the statcd aim of becoming one of Europe's largest financiers of aviation, shipping and other transport industries. DVB is acquiring Nedship at a time when the shipping business is recover- ing front a long period of over capacity and fierce competition. 1'rices have already started to improve, albeit slowly. Forecasts indicate that lending to the shipping industry grew by 13% in the first three quarters of 1999. DVB announced that in the same period, total shipping related lending by them had risen to DM 540 ntillion from DM 300 million in the first quarter. Nedship brings Joining forces in European ship finance: Board members of the Deutsche Verkehrs Bank, AG, K.W. Heineman, A. Heibel- Dietrich, W.F. Driese and Rabobank Nederland's VZM. van den Goorbergh and J.H. de Roo finalizing the alliance. in a global lending portfolio of around EUR 2.7 billion; DVB's own lending of around EUR 1.65 billion is printarily in aviation.

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