Net profit
Profit appropriation
Financial developments 17
After taxes of EUR 733 (514) million and third-party interests of EUR 266
(209) million, net profit amounted to EUR 1,403 million, a rise of 12% on
2002. Given the market conditions, this is a good result.
The net profit,after dividend distributions to holders of Rabobank
members capital and Trust Preferred Securities, has been added to
reserves to strengthen the financial basis for the further development of
Rabobank Group and to create customer value in the future.
Operating result by Group unit
in EUR millions
1,800
2002
2003
Retail Wholesale Asset Insurance Leasing Other
banking banking management
1,200
900
600
300
0
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