About Rabobank
Our organisation structure supports our ambition to be a leading customer-oriented cooperative
bank in the Netherlands and in food agri worldwide. To serve our customers Rabobank offers retail
banking, wholesale banking, private banking, leasing and real estate services. Our focus is on all-finance
services in the Netherlands and internationally on serving our food agri customers. Rabobank has
approximately 8.7 million customers.
Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Profile of Rabobank
At year-end 2016, Rabobank encompassed 103 local Rabobanks.
The number of members totalled 1,927,000. Rabobank
employs 40,029 internal employees (in FTEs) and 5,538 external
employees (in FTEs). Rabobank is active in 40 countries.
Domestic retail banking
In the Netherlands, Rabobank is a leading player in the
residential mortgage loans, savings, payments, investment and
insurance markets. It is also an important financial services
provider for the SME segment, the food agri industry, and the
corporate segment. At the end of 2016, the local Rabobanks
had 475 branches and 2,141 ATMs. They offer a comprehensive
range of financial services to approximately 6.5 million private
customers and approximately 800,000 business clients in
the Netherlands. The domestic retail banking business employs
17,455 FTEs in total (including mortgage lender Obvion as
a Rabobank subsidiary).
Dutch and international wholesale banking and
international rural and retail banking
Wholesale, Rural Retail (WRR) has an international network
of branches with offices and subsidiaries in various countries.
For a complete overview of our business banking services,
click here. Rabobank also operates RaboDirect internet savings
banks. The wholesale banking division serves the largest
domestic and international companies (Corporates, Financial
Institutions, Traders and Private Equity). Rural banking is focused
on offering financial solutions for the specific needs of leading
farmers and their communities in a selected number of key
food agri (F&A) countries. The total number of internal and
external employees in wholesale banking and international
retail banking stood at 7,808 FTEs at year-end 2016. Besides
the results of WRR, the results of Group Treasury are presented
within the segment wholesale banking and international rural
and retail banking.
All sectors in the Netherlands are being serviced, contributing
to the Banking for the Netherlands strategy, while outside
the Netherlands we focus on the F&A and trade-related sectors.
Internationally, Rabobank and subsidiaries services F&A clients,
ranging from growers to the industrial sector, through its global
network of branches. The combination of in-depth knowledge
and a worldwide network, positions us as the leading food
agri bank in the world. We service the entire food value chain,
with specialists per sector. We advise our clients and prospects
in these sectors by offering them finance, knowledge and
our network. Rabobank is active in the main food-producing
countries such as the United States, Australia, New Zealand,
Brazil and Chile and main food consumption countries.
Our vision on global food security and the role of Rabobank as
described in our Banking for Food strategy can be found here.
DLL
Within Rabobank, DLL is the specialist in the field of leasing.
With vendor finance it supports manufacturers and distributors
worldwide when selling products and services. DLL, active in
more than 30 countries, is a global provider of asset-based
financial solutions in the Agriculture, Food, Healthcare, Clean
technology, Transportation, Construction, Industrial and
Office Technology industries. DLL is committed to delivering
integrated financial solutions that support the complete asset
life cycle. Its mobility solutions entity Athlon, active in 11
European countries, was sold to Daimler Financial Services on
1 December 2016. More information about this transaction
can be found here. As of 31 December 2016, DLL employed
4,675 FTEs (including external staff).
Real estate
Rabo Real Estate Group, FGH Bank and Rabo Real Estate Finance
form part of the real estate segment of Rabobank. Rabo Real
Estate Group consists of the BPD and Bouwfonds IM divisions.
BPD is responsible for developing residential and commercial
12 Rabobank Annual Report 2016