Profile of Rabobank
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Rabobank is an international financial services provider
operating on the basis of cooperative principles. It offers retail
banking, wholesale banking, private banking, leasing and
real estate services. As a cooperative bank, Rabobank puts
customers' interests first in its services. Rabobank is committed
to being a leading customer-focused cooperative bank in
the Netherlands and a leading food and agri bank worldwide.
Throughout 2015, Rabobank Group consisted of more than
100 autonomous local Rabobanks in the Netherlands and the
centralised organisation, the Coöperatieve Centrale Raiffeisen-
Boerenleenbank B.A. (Rabobank Nederland) and its subsidiaries
and associates in and outside the Netherlands.
From January 1 2016, Rabobank operates with a revised
cooperative structure; with one cooperative, one banking
licence and one set of financial statements. Read more about
this in the Section 'Strategy'and in the Section 'Corporate
Governance'.
O Read more about Rabobank here.
At year-end 2015, Rabobank encompassed 106 local Rabobanks.
The local Rabobanks have a total of more than 7.2 million
customers.The total number of members came to 1,945,000.
Rabobank in the Netherlands employs approximately internal
and external 40,000 employees. Outside the Netherlands it
employs approximately 12,000 internal and external employees.
Rabobank Group is active in 40 countries.
Domestic retail banking
In the Netherlands, Rabobank is a leading player in the
mortgages, savings, payments, investment and insurance
markets. It is also an important financial services provider for
the SME segment, the food and agricultural sector, and the
corporate segment. At year-end 2015, the local Rabobanks
had 506 branches and 2,206 ATMs.They offer approximately
6.4 million private customers and approximately 800,000
business clients in the Netherlands a comprehensive range of
financial services. In addition to the local Rabobanks, domestic
retail banking also includes the mortgage lender Obvion and
the savings bank Roparco.The domestic retail banking business
employs approximately 24,000 internal and external FTEs.
Dutch and international wholesale banking and
international rural and retail banking
The wholesale banking division serves the largest domestic
and international companies. All sectors are served in
the Netherlands. Internationally, Rabobank focuses on holding
a leading position in the food and agricultural sector, with
respect to both the industrial sector and farm financing,
through its global network of branches. Rural banking
focuses on the funding of agricultural businesses abroad.
The international retail banking activities cover three countries:
United States (RNA); Indonesia and Ireland (ACC Loan
Management). Wholesale, Rural Retail has an international
network of branches with offices in 25 countries. Rabobank
also operates RaboDirect internet savings banks in Belgium,
Germany, Ireland, Australia and New Zealand.The total number
of internal and external employees in wholesale banking and
international retail banking stands at approximately 9,600 FTEs.
DLL
Within Rabobank Group, DLL is the specialist in the field of
leasing. With vendor finance it supports manufacturers and
distributors worldwide when selling products and services.
DLL provides asset based financing solutions in more than
35 countries. In addition to the Netherlands, DLL is active in
ten other European countries through its subsidiary Athlon.
In the Netherlands, DLL offers a wide range of leasing products
to small and medium-sized enterprises, as well as vendor
finance, factoring and commercial and consumer finance
products.The latter including through the online provider
of consumer credit, Freo. DLL employs, both internally and
externally, approximately 5,800 FTEs.
Real estate
Rabo Real Estate Group and FGH Bank form part of the real
estate segment. Rabo Real Estate Group is active in real
estate and area development and investment management.
This division consists of BPD (construction of housing and
living environments) and Real Estate Investment Management
(manager of real estate funds). Rabo Real Estate Group is
primarily active in the Netherlands, but also on a smaller scale in
France and Germany.
10 Rabobank Annual Report 2015