Annual Report 2011
Chairman's foreword 2
Key figures 4
Financial developments 6
Strategy 13
Cooperative identity 16
Cooperative banking in 2011 18
Rabobank Group global presence 25
Broad range of services in the Netherlands 26
Leading food and agri bank at international level 34
High level of creditworthiness: risk management 43
Sound sustainability policy 54
Sustainability profile 54
Dialogue with society 59
Environment and operations 62
Our specialised subsidiaries 64
Asset management 64
Leasing 70
Real estate 75
Employees 81
Corporate governance 87
Dutch Banking Code 94
Management 98
Report of the Supervisory Board of Rabobank Nederland 100
Annual figures 108
Consolidated statement of financial position 108
Consolidated statement of income 110
Consolidated statement of comprehensive income 111
Consolidated statement of changes in equity 112
Consolidated statement of cash flows 113
Condensed business segments 114
Independent auditor's report 115
Executive Board Responsibility Statement 116
The financial information set out on pages 108 to 114 has been derived from the
consolidated financial statements 2011 of Rabobank Group, on which an unqualified
independent auditor's report was issued on 29 February 2012.
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