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Rabobank Annual Reports 2009

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Sort by: Interim Report 2010 Report 2009 Financial statements

Domestic retail banking at a glance

Source: Interim Report 2010, chapter Rabobank Group at a glance, page 4

The domestic retail banking division shows higher results than in the first half of 2010. This is caused by higher margins, more volume and efficient cost control.

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Wholesale banking and international retail banking at a glance

Source: Interim Report 2010, chapter Rabobank Group at a glance, page 4

Loans to the food and agri sector continued to increase at Rabobank International in the first half of 2010. Total lending increased as well, one of the reasons being the rise in the US dollar.

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Moderate growth in domestic lending

Source: Interim Report 2010, chapter Financial developments, page 10

The uncertain economy caused retail clients to be reluctant to new residential mortgages and led to businesses putting off their investments.

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Retained earnings contributing to increase in equity

Source: Interim Report 2010, chapter Financial developments, page 11

Rabobank Group’s equity increased by 6%, making up EUR 40.5 (38.1) billion in the first half of 2010. This was attributable mainly to retained earnings.

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Domestic retail banking

Source: Interim Report 2010, chapter Domestic retail banking, page 15

Higher savings margin and lower costs. Loan portfolio up 1% to EUR 282.0 billion. Amounts due to customers up 4% to EUR 191.9 billion. Net profit up EUR 446 million to EUR 932 million.

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Rabobank’s market leadership

Source: Interim Report 2010, chapter Domestic retail banking, page 15

In the Netherlands, Rabobank holds a strong position in a number of sectors that it considers important. These are the mortgage and savings market for retail clients, the SME sector, and the food and agri sector.

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Financial worries relief thanks to responsible mortgage lending

Source: Interim Report 2010, chapter Domestic retail banking, page 17

In addition to the local Rabobanks, the mortgage lender Obvion also tries to help clients to purchase homes without getting into financial problems. This is the guiding principle for home financing throughout the term of the loan.

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Lower growth in domestic retail banking loan portfolio

Source: Interim Report 2010, chapter Domestic retail banking, page 17

Due to the recession and the decreased risk appetite amongst Rabobank clients, fewer loan applications were received during the first half of 2010 and growth in the loan portfolio at the domestic retail banking operations was lower compared with the same period in 2009.

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Growth in food and agri portfolio at Rabobank International

Source: Interim Report 2010, chapter Wholesale banking and international retail banking, page 21

Rabobank International’s services are focused primarily on relatively large corporate clients in the Netherlands and on food and agri clients globally.

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Increase in assets under management due to positive cash flow and currency effects

Source: Interim Report 2010, chapter Asset management and investment, page 26

The inflow of assets and the devaluation of the euro led to a 9% increase in assets under management and held in custody for clients in the first half of 2010, rising to EUR 250.1 (230.4) billion.

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Domestic retail banking at a glance

Rabobank Group is not only the largest mortgage lender, savings bank and insurance broker in the Netherlands, but it is also market leader in the SME sector. The 147 autonomous local Rabobanks have 1,010 branches, 3,063 cash-dispensing machines and an employee base of approximately 28,000 FTEs. They serve about 6.7 million
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