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The acquisition of Community Bank of
Central California, in the United States, was
completed in early 2006. At the end of 2006,
Rabobank made an offer for Mid-State Bank
Trust. These US retail banks will give
Rabobank International further access to
the important food agri market of
California. In addition, the international
retail activities were strengthened by the
acquisition in January 2007 of Bank Haga
and Bank Hagakita, in Indonesia. In the first
half of 2006, Rabobank International also
extended its Direct Banking activities by
opening its third Internet bank abroad, in
New Zealand.
Strategy and targets
"Sale-and-leaseback good
for entrepreneurs"
"Sustainable entrepreneur-
ship is simply a must, not only
for the environment but also
because of the sky-high energy
prices. I own an energy-pro
ducing greenhouse. This year,
it should be able to produce
the energy for both itself and
part of the rest of my business.
Thanks to Rabobank's sale-and-
leaseback construction, the
initial investment pressure is
far less than would normally
be the case. That's good for
entrepreneurs."
Stef Huisman, tropical plant
grower.
Expansion of the retail activities through selective
acquisitions and organic growth.
Deepening the relations with existing clients through
focus on cross-selling.
Stronger growth of wholesale activities in Asia and in
Trade Commodity Finance.
Strengthen the position in the Dutch corporate market.
Deliver added value to clients through knowledge-driven
solutions based on extensive food agri research.
- Annual net profit growth of 10 to 15%.
- Long term, around half of net profit generated by
international retail activities.
Wholesale banking and international retail banking 37
