Building on our experience
In its over 110 year history, Rabobank has grown to become a major global financial institution. Rabobank today operates in over 46 countries, servicing the financial needs of more than 9.5 million clients worldwide through a network of more than 1,600 offices and branches. With headquarters in Utrecht, the Netherlands, the Rabobank Group employs more than 59,000 people around the world.
Financial strength
Rabobank has the highest credit rating of AAA, awarded by international ratings agencies Moody’s, Standard & Poor’s and Dominion Bond Rating Service.
Financial performance
In the year to 31 December 2009, the global Rabobank Group recorded a net profit of €2.3 billion. Total income rose two per cent to €11.9 billion, with total assets in excess of €608 billion.
Structure and management
Although now a major international financial services institution, Rabobank has retained its cooperative structure, with approximately 147 independent Dutch banks as its members. True to its cooperative origins, the bank’s primary interest lies in providing the best service, value and expertise, and in establishing mutually beneficial relationships with its clients and the communities in which they operate.
Corporate social responsibility
The Rabobank Group is a global leader in sustainable practices and corporate social responsibility (CSR) initiatives. This incorporates a focus on sustainability-oriented banking in areas including renewable energy, biofuels and clean technology.
Rabo Development
In 2004 Rabobank decided to expand its geographical and strategic scope in developing countries and to develop leading nationwide banks with a rural orientation in selected developing countries. Today Rabo Development operates in a number of underprivileged and developing countries, to provide equal access to financial services which in turn helps to foster economic independence among local communities.
Rabobank New Zealand & Australia
Rabobank New Zealand & Australia is part of Rabobank International, the Rabobank Group’s international arm. Rabobank established an office in Australia in 1990 and acquired the Primary Industry Bank of Australia (PIBA) operating in Australia and New Zealand in 1994. In 1998, Rabobank reinforced its commitment to the rural sector in New Zealand with the purchase of Wrightson Farmers Finance. The bank has continued to expand and develop its operations in both countries in the years since.
Size
Rabobank has 30 branches in New Zealand and 53 branches throughout Australia. The group employs over 900 people in New Zealand and Australia, with more than half based in regional locations.
Businesses
Rabobank New Zealand operates in four core businesses, with a primary focus on the food and agribusiness sector, but also extending into the broader financial services market:
Delivering banking services to large corporations in the food, agribusiness, beverage and related manufacturing and service sectors. The bank also provides services to a select number of corporate clients and financial institutions in broader industry sectors.
Providing a range of customised financial products and services developed for primary producers.
Servicing the banking needs of middle market enterprises operating in the food and agribusiness sector and related industries.
The online savings and investment service, providing high-interest savings and deposits and direct access to managed funds.