7.1
12.0
39%
38%
52%
billion
ntents Foreword Management report
Corporate governance Consolidated Financial Statements Company Financial Statements
Customer
Credit
Rural
million
to farmers
to food agri
value chain
Partnerbanks serve over
3,800 F&A cooperatives
Sicredi
BPR
NMB
Zanaco
Regional
Finterra
LAAD
BTM
DFCU
2,010
1,352
277
114
10
4
4
3
2
Rabo Development supporting partner banks
Rabo Development has nine strategic partnerships with banks in East Africa and Latin
America in which it holds a minority equity stake. These partnerships are based on
the common ambition to improve financial inclusion and F&A sector development,
particularly in rural areas. Rabo Development aims to support its partner banks in
their growth, innovation and financial positions by, among other offerings, capital
and expertise. Overall, outreach to partner bank clients grew 13 percent from 2014
to 20151.
Arise
In September, Rabobank, FMO and Norfund established a new investment and
development company called Arise. This joint venture strengthens Rabobank's
contribution to economic growth in Africa and increases the prosperity of the people
by providing access to financial services, increasing employment, strengthening
rural development and promoting poverty alleviation. The three parties will transfer
their current investments in African banks to Arise, which will support these banks in
implementing their strategies with the help of knowledge, network and capital. Arise is
operational as company per January 2017.
1 We incorporated data over 2015 from the Social Impact Report of Rabo Development. The 2016
data is not yet available and the data coming from partner banks is not audited.
86
Rabobank Annual Report 2016
