Rabobank Group at a glance
Rabobank Group
Domestic retail banking
Wholesale banking and international
retail banking
Net profit up 14%
in millions of euros
2006
2007
Private sector lending
up 10%
in billions of euros
2006
2007
4,000
400
3,500
2,500
2,000
1,500
All financial targets were realised. The domestic retail banking
business contributed strongly to the increase in net profit.
The turbulence in the financial markets caused a decline in
Rabobank International's net profit.
Rabobank Group is an international financial services
provider operating on the basis of cooperative
principles. Rabobank Group's operations include retail
banking, wholesale banking, asset management,
leasing and real estate. In the Netherlands, its focus
is on all-finance services and, internationally, on food
agri. The organisation employs more than 60,000
staff in 43 countries. Rabobank Group comprises
the independent local Rabobanks plus their central
organisation Rabobank Nederland and its (inter
national) subsidiaries. Rabobank Group's structure
guarantees strong internal cooperative ties.
Net profit up 24%
in millions of euros
2006
2007
Private sector lending
up 11%
in billions of euros
2006
2007
1,250
300
200
150
100
50
0
Rabobank Group strengthened its positions in the mortgages
and the savings markets. The strong competition in the
mortgages market persisted. The Rabobank 2010 project
is the response of the local Rabobanks to the changing
market conditions.
The domestic retail banking business comprises
the local Rabobanks, Obvion and Bizner. The 174
independent local Rabobanks have over 1,100
branches and operate more than 3,100 cash
dispensing machines. Overall, the local Rabobanks
employ around 29,000 staff. The local Rabobanks
serve millions of Dutch clients, both private and
corporate, with a comprehensive package of
financial services. Together, the local Rabobanks
make up the largest insurance agent in the
Netherlands. Obvion is a provider of mortgages and
simple financial products and operates exclusively
in collaboration with independent agents. Bizner is
the first corporate Internet bank without account
managers or branch offices, but with self-service.
Net profit down 43%
in millions of euros
2006
2007
Private sector lending
up 4%
in billions of euros
2006
2007
700
The credit market crisis caused a decline in the results of
Global Financial Markets. As a result, Rabobank International's
net profit was lower. The international retail banking business
was developed further with the acquisitions of Mid-State
Bank Trust, HNS Banco, Hagabank and Bank Hagakita.
Rabobank International - the Group's wholesale
banking and international retail banking business -
employs more than 10,000 staff world-wide and
serves clients from 29 countries. Besides regional
activities, Rabobank International has divisions that
are directed globally. These include Global Financial
Markets, Structured Finance, Leveraged Finance,
Direct Banking, Telecom Media Internet and Trade
Commodity Finance. Rabobank International
focuses on food agri customers. The Irish ACCBank
is a 100% subsidiary of Rabobank International and
in Poland, Rabobank International owns a 46%
interest in Bank BGZ. In addition, Rabobank
International has interests in private equity.
Rabobank Group Annual Report 2007
