Principles of the Credit
Policy summarised
FAR SINGAPORE/CHINA
PUBLISH STUDY ON JILIN
FOOD ZONE IN CHINA
Asia
COLLECTIVE
PERFORMANCE
INDICATORS
UNVEILED
FOR 2010
Global
Rabobank recently published the 'Principles
of the Credit Policy of Rabobank Group'. The
document, which has been approved by both
the Executive Board and the Supervisory Board
of Rabobank Group, provides employees
with a framework for already existing credit
manuals, procedures and regulations within
Rabobank. In addition to being an invaluable
information source for employees involved in
credit, the document is also an important tooi
for the Audit, Compliance and Risk Commit-
tee to judge the credit policy and credit risk
management organisation.
In the recently published document one
of the chapters focuses on the 11 Basic
Principles of the Credit Policy of Rabobank
Group, which can be considered as part of
Rabobank's 'DNA'. To distinguish itself from
its competitors, Rabobank maintains its focus
on an enduring cliënt relationship, prudent
risk management, decision making in commit-
tees based on a consensus model, risk respon-
sibility primarily with commercial departments
and attention for CSR. The document, which
reflects these values, has been distributed
across the Rabobank organisation, including
management team members, commercial
staff, members of the credit committee, risk
management staff and local Supervisory Board
members.
The Rabobank FAR teams of Singapore
and China conducted an agronomic study
to identify products of commercial value
that can be produced competitively within
Jilin province, China. The study, which was
commissioned in 2008 by the Jilin City
government of China and Singapore Food
Industries (SFI), a core cliënt of Rabobank
Singapore, was published in May 2010. FAR
conducted the study over a period of nine
months, and concluded that conditions in the Jilin province are positive for growing crops
such as corn, soybeans and rice, as well as producing beef, pork and poultry.
At an inauguration ceremony in May 2010 in Singapore, Jilin City's municipal government
signed a number of agreements with Singapore parties to develop a food zone within the
Jilin province. "It's been rewarding to witness this project's important milestone," said Veiverne
Yuen of Rabobank Singapore FAR. "What makes this project so interesting is that it looks at
the whole F&A value chain. China wants to strengthen its food safety regime and increase its
food production to meet growing domestic and export demand."
Rabobank International's MT Whole
sale and MT Rural and Retail Banking
recently evaluated the approach to
collective performance and deter-
mined RI's performance indicators
for 2010. The result reflects a clear
emphasis on RI's Wholesale and Rural
and Retail cliënt businesses, with the
following three collective objectives
in place for RI's 2010 performance
management:
1 Collective objective for Rl overall,
reflecting financial KPIs
2 Separate Balanced Scorecards for
Rl Wholesale and Rl Rural and
Retail Banking
3 A final collective objective at
the discretion of the manager
Within Easy performance manage
ment, as from the opening of Mid Year
Review (MYR), employees will be able
to reference all of the collective objec
tives for Rl, Wholesale and R&R via a
link in the appraisal form. In order to
measure the collective objective of Rl
overall, Rl continues to apply the score
sheet with a scale from 1 (poor) to 5
(excellent) per objective. The Rl MTs
will provide employees with informa
tion about the scores of the collective
objectives twice per year. The interim
performance scores will be made
available in mid-2010 and the full
year's evaluation by the end of 2010.
Questions should be directed towards
your manager.
issue 24 Rl WORLD
