Rabo Development
Financial targets
The Rabo Development initiative was launched in 2004. Its aim is to help a number of rural
banks in developing countries grow into fully-fledged 'Rabobanks'. Over the next few years,
the activities will focus on a limited number of countries including China and several East
African countries. Rabo Development invests in these banks by acquiring minority interests.
In addition, it provides management support and technical assistance, e.g. by seconding
Rabobank staff on a temporary basis. Internationally, Rabobank Group takes its full social
responsibility by providing access to financial services for the rural population in developing
countries. In so doing, Rabobank Group can make an important contribution to the economic
development of these countries and to the financial emancipation of their populations.
The strategic goals warrant ambitious financial targets. Rabobank Group attaches great value
to financial stability. In order to ensure this stability, the following long-term financial targets
have been formulated:
- annual net profit growth of at least 12%;
- tier I ratio of 10% or higher;
- return on equity of at least 10%.
Following Basel II, the target for the bank's Tier I ratio will be adjusted starting 2008.
