Profile of Rabobank Group
Rabobank Group is a full-range financial services
provider operating on the basis of co-operative
principles. Its origins are in the local loan co-ope
ratives that were founded in the Netherlands
nearly 110 years ago by enterprising people who
had virtually no access to the capital market.
The local Rabobanks that evolved from this have a
strong tradition in the agricultural sector and in
small and medium-sized enterprises.
Ambition
Our values
6 Rabobank Group Annual Report 2005
The Rabobank Group comprises 248 independent local co-operative
Rabobanks in the Netherlands plus their central organisation Rabobank
Nederland and its subsidiaries. Rabobank serves more than 9 million
private individuals and corporate clients in the Netherlands and a
growing number abroad. It employs 50,988 staff and is represented in
38 countries.
The Rabobank Group has the highest credit rating (Triple A), awarded
by the well-known international rating agencies Moody's and Standard
Poor's. In terms of Tier I capital, the organisation is among the world's
fifteen largest financial institutions.
The local Rabobanks and their clients form Rabobank Group's co-opera
tive core business. The banks are members and shareholders of the
supralocal co-operative organisation, Rabobank Nederland, which
advises the banks and supports their local services.
Rabobank Nederland also supervises, on behalf of the Dutch central
bank, the solvency, liquidity and administrative organisation of the local
Rabobanks.
Rabobank Nederland further acts as an (international) wholesale bank
and as a bankers' bank to the Group and is the holding company of a
large number of specialised subsidiaries.
Rabobank Group combines the best of two worlds: the local involvement
and personal touch of the local Rabobanks with the expertise and
economies of scale of Rabobank Nederland and its subsidiaries.
Rabobank Group's ambition is to be the largest, best and most innovative
all-finance service provider in the Netherlands. With their co-operative
structure and a current membership of more than 1.5 million, the local
Rabobanks are firmly rooted in society. In the Netherlands, Rabobank
may justifiably call itself committed, near-you and a leader.
In the international environment, Rabobank Group's ambition is to be
the best food agri bank, with a strong presence in the world's major
food agriculture countries. For this purpose, the Group will use the
experience it has accumulated in the Netherlands over many years.
In addition, the Group aspires to be the most sustainable bank globally,
as would befit its identity and position in society. In the years ahead,
Rabobank Group will further integrate corporate social responsibility in
its core activities.
Rabobank Group offers all the financial services needed by clients as
they participate in an economy-driven modern society. The Group
strives to ensure that its services are continually adjusted and updated
so that they always meet the needs of both private individuals and
businesses.
We believe that sustainable growth in prosperity and well being requires
careful nurturing of natural resources and the living environment.
We aim to contribute to this development with our activities. We respect
the culture and traditions of the countries where we operate, insofar as
these do not conflict with our own objectives and values.
In all our actions, we focus on our clients' best interests. We create
customer value by:
- providing those financial services considered best and most
appropriate by our clients;
- ensuring continuity in the services provided with a view to the
long-term interests of the client;
- showing commitment to our clients and their environment, so that
we can contribute to achieving their ambitions.
