Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3 still posted relatively high growth rates.The Dutch economy benefits from those rates because these two countries are important export markets for the Netherlands. The prospects for exports are, however, accompanied by a great deal of uncertainty.The cooperation between European states is under pressure due to the challenges the current wave of immigration poses, and it is not inconceivable that the internal borders of the European Union will again (temporarily) be closed. The discussion on a possible Brexit is approaching its climax. Furthermore, the financial markets are in turmoil.There is a growing impression that market parties have less and less confidence and no longer believe that the monetary authorities will be able to keep control of the situation. The expectation is that the financial environment will remain turbulent for the time being. Ifthe situation results in a deterioration of confidence in general, there are fears that the economic outlook will have to be revised downwards. In 2016, with the new cooperative organisation and a solid financial foundation, Rabobank will swiftly proceed to give shape to its strategic objectives: excellent customer service, a flexible and stronger balance sheet and improvement in the financial results. Wiebe Draijer Chairman ofthe Executive Board 5 Chairman's foreword

Rabobank Bronnenarchief

Annual Reports Rabobank | 2015 | | pagina 6