Events after the reporting date
Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
After discussions between:
1. Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
Amsterdam;
2. The cooperative member banks of Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A.
decided at the respective meetings of the members'councils
of the banks concerned (2) on 2 December 2015 and at
the General Meeting of Coöperatieve Centrale Raiffeisen-
Boerenleenbank B.A. on 9 December 2015 to enter into a legal
merger as of 1 January 2016.
One of the consequences of the decisions taken was that
the former bank (1) received the assets of the banks referred
to (2) under universal title and the banks referred to (2) ceased
to exist.
During the aforementioned General Meeting, the bank (1),
in connection with the merger, decided to change its name
to Coöperatieve Rabobank U.A. as of 1 January 2016.
Until 1 January 2016, each of the banks (2) was a 'U.A.'
(cooperative with limited liability whereby the members are
not liable for any deficit). Until that date, the bank (1) was a
'B.A.' (cooperative with limited liability where the members are
liable for the deficit up to the level specified in the Articles of
Association) with the banks as the only members (2). As a result
of the merger the banks' members (2) became the only
members of the merged bank (1). By changing the members'
liability regime from B.A. to U.A. in the bank's (1) Articles of
Association the liability regime remained de facto unchanged
for the members who were members of the banks (2) before
the merger and members of the merged bank (1) after
the merger.
The legal merger increased the assets by EUR 215 billion, the
liabilities by EUR 194 billion, and the equity by EUR 21 billion.
The most important items in the assets and liabilities are 'Loans
and advances to customers' and 'Due to customers'.
The local Rabobanks'assets and liabilities are included in the
single financial statements as of 1 January 2016 at the book
value at which they were included in the consolidated financial
statements of Rabobank Group. The legal merger increased the
single equity, with exception to non-controlling interests, to the
same level as that of the consolidated equity.
297 Events after the reporting date
