Strategie choice
In April, Rabobank participated in a trade
mission to Egypt, and was able to offer its
experience in theform of assisting with the
implementation of a reorganisation with the
Principle Bankfor Developmentand
Agricultural Credit (PBDAC). Rabobank has
previous experience with PBDAC through
Rabo International Advisory Services (RIAS)
which, among others, has advised on IT
systems, developed new products and
offered training to PBDAC employees in
granting loans. In the first year of its
involvement, RIAS indicated strategie choices
would need to be made in order to make the
bank successful into the future. At that point
PBDAC, together with Rabobank, drew up a
reorganisation plan to bring the bank from a
government-funded banktoa privatised
retail bank with improved access to financial
services in rural areas. If the bank is
successfully reorganised and privatised, the
Rabobank Deveiopment Program (RDP) may
consider a stake in the bank.
The Rabobank Deveiopment Program triad of activities offers a complete circle
of deveiopment support. From supporting developing cooperatives through the
Rabobank Foundation to channelling financial experience and technology to
Services, the program is complete with consultancy and equity participation at a
later stage of deveiopment through the Rabobank Deveiopment Program.
Completing the circle
12 The Word
