Wholesale banking and international
retail banking
Rabobank International scaled down its lending to non-food and agri
customers in countries other than the Netherlands in 2009. This caused the
loan portfolio to drop by 7% to EUR 93.4 billion. In line with the strategy the
share of food and agri in the portfolio increased. International retail lending
saw further increases as well. Services on offer for globally operating Dutch
customers were further broadened. Amounts due to customers were down
at wholesale banking. Income rose at Global Financial Markets thanks to
an increase in client volumes, but also because of the good positioning
for the interest rate cuts in the first half of the year. The poorer economic
conditions resulted in impairments on some private equity interests and
in an increase in bad debt costs. Net profit at Rabobank International rose
by EUR 619 million to EUR 646 million on balance. Rabobank is committed
to corporate social responsibility, which is the subject of a constructive
dialogue with customers. Rabo Development increased its equity interest
in Banco Terra of Mozambique and Banco Regional of Paraguay.
www.rabobank.com,www.bgz.pl,www.accbank.ie
Profit growth thanks to increase in income from wholesale banking
Loan portfolio down 7% to EUR 93.4 billion
- Share of food and agri in portfolio up 4.4 percentage points to 38.6%
Net profit up EUR 619 million to EUR 646 million
- Efficiency ratio at 50.3%, a 35.2 percentage point improvement
- Bad debt costs above long-term average at 105 basis points
- RAROC at 8.8%
Rabobank Group strategy
Contribution to group strategy
Market leader in all-finance
in the Netherlands
- Serving top corporates in the Netherlands
- Supporting globally operating Dutch customers
- Delivering products through local Rabobanks
- Providing risk-bearing capital
International food and agri bank
- Broadening product offering and leveraging knowledge for food and agri clients
- Broadening the retail banking network in key food and agri areas
- Developing renewable energy and cleantech as specialist areas of expertise
Share in Rabobank Group's
net profit for 2009
Wholesale banking
and international
retail banking 28%
25
Wholesale banking and international retail banking
