Organisation Global presence in food agri Rabobank invests in Clean Tech Wholesale activities Rabobank International is set up as a matrix organisation. The aim of this is to combine commercially effective operations based on knowledge of local markets and clients with specific knowledge of client sectors and products that has been bundled on a global scale. The direction of Rabobank International's global activities is based on the various regions (Netherlands, Europe excluding the Netherlands, Americas, Australia New Zealand and Asia). Besides the division by region, Rabobank International distinguishes a number of client sectors and product groups that are directed globally. These are: Global Financial Markets, Structured Finance, Leveraged Finance, Direct Banking, Trade Commodity Finance and Participations. For the best possible service to the clients and markets, these regions and globally organised units work closely together. It is Rabobank's ambition to be the word's best food agri bank, with a strong presence in key countries. In order to leverage its knowledge on a global scale, the Food and Agri Research unit is established not only in the Netherlands but also in the United States and Australia, among others. Both clients and Rabobank Group itself benefit from this knowledge. Rabobank researches all important food agri sectors where it operates and regularly issues publications. In 2006, subjects included the animal feed industry in Brazil and the dairy sector in China. For growth in food agri, Rabobank International's primary focus is on extending its retail activities in traditional agricultural countries such as the United States and Australia. Another focus is on emerging coun tries with fast-growing food and agri sectors, such as in Central and Eastern Europe but also further abroad, in countries such as Indonesia, Brazil, China and India. Rabobank and Robeco are keen to invest in businesses that use clean energy production technologies (Clean Tech). This may take the form of loans or the development of products for investors. In 2006, Rabobank and Robeco launched the Robeco Clean Tech Certificate for private investors and the Robeco Clean Tech Private Equity II Fund for institutional investors. In order to gain greater knowledge of Clean Tech enterprises, a new Clean Tech Research department was set up within Food and Agri Research early in 2007. This department is to be the centre of expertise in clean technology within Rabobank and will research develop ments in the business sector and in enterprises that use clean technologies such as biofuels, biomass, fermentation and wind and solar power. The wholesale activities grew strongly in 2006 and the aim is to consolidate this strong growth in 2007 and to try and make the existing relations stronger and more sustainable. In the Netherlands, Rabobank International not only serves its own client group, which comprises the large Dutch enterprises, but also supports the local Rabobanks in serving the corporate market. Abroad, the primary focus of the wholesale banking business is on the food agri sector, with the emphasis on the food sector. In addi tion, Rabobank possesses specific expertise Acquisition of two SME banks in Indonesia In 2006, Rabobank signed an agreement to acquire Bank Haga and Bank Hagakita in Indonesia. Both banks focus on servicing small and midsize enterprises (SMEs) engaged in trade, manufacturing and business services, as well as individual clients. Consequently, Rabobank gets access to the SME and retail banking sector in Indonesia. Rabobank, through its subsidiary Rabo bank International Indonesia, has successfully operated in Indonesia's corporate market for sixteen years. The acquisi tion of Bank Haga and Bank Hagakita complements its current services and fits Rabobank's ambition to be the world's leading lender to the food industry and the agricul tural sector. Indonesia's eco nomy is the largest in Southeast Asia, with food agri playing an important part in the national economy. In addition, the country's SME sector is prospering and banking services to the retail market are showing strong growth. Wholesale banking and international retail banking 39

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Annual Reports Rabobank | 2006 | | pagina 43